The global kids furniture market size is expected to reach
USD 39.96 billion by 2025, exhibiting a 4.48% CAGR during the forecast period,
according to a new report published by Grand View Research, Inc. The growth can
be attributed to the popular trend of setting up houses with separate kids
rooms. Rising demand for bright colored furniture to for the kids sharing the
room is expected to bode well for the demand. Additionally, separate playrooms
and study rooms is anticipated to further fuel the demand.
Rising popularity of online distribution
channels has forced furniture manufacturers to venture into this market.
Escalating real estate prices in the developed as well as developing countries
is expected to impact the sizes of homes. This factor is anticipated to create
the demand for foldable, smaller, and easy-to-move articles. As a result, the
manufacturers focus on developing products that can be assembled and
disassembled. Many manufacturers are entering into the market with assemblable
sofas, chairs, and beds among other furniture articles. Campaign and IKEA are
some of the market leaders for such products. Other than logistics, storing the
old and unused furniture is easier with this type of furniture. All these
factors are projected to drive the demand for foldable or assemblable furniture
for kids.
Major manufacturers have realized the potential
of the childrens furniture market and thus, are paying special attention to
introducing product targeting this specific consumer base. In September 2019,
Swoon launched a nine-piece furniture Little Creatives range of products. These
products have been designed in collaboration to Studio Tilt. These products are
available in attractive colors and shapes suitable for kids’ taste and décor
needs. Such innovative product launches are expected to create growth
opportunities for the market in near future.
The lucrativeness of the market has been
attracting celebrities to enter the industry. In August 2019, Drew Barrymore
launched Flower Home, a collection of bohemian kids furniture and décor
available through online distribution channels. These products have playful
prints and are available in pastel, bold, and bright colors for both bedroom
and play spaces. In august 2019, Ashley HomeStore partnered with Delta Children
and launched kids furniture, exclusively on the former’s website. The
collection includes ribs, gliders, changing tables, and storage pieces and an
assortment of products suitable for the requirements of toddlers, tweens, and
teens. The company has upgraded its online platforms by using Augmented Reality
(AR), which helps the buyers view different products in the setting of their
house before the purchase.
For full research report on Kids
Furniture Market visit here:
https://www.grandviewresearch.com/industry-analysis/kids-furniture-market
Kids Furniture Market Report Highlights
- Beds,
cots, and cribs segment accounted for more than 40% of market share in
2018, attributed to the rising demand for the products by consumers for
infants
- Cabinets,
dressers, and chests is expected to witness the fastest CAGR of 5.4% from
2019 to 2025. Rising popularity of these products to store books and stationery is expected to drive the
growth
- Wood-based
kids’ furniture accounted for more than 59% of market share in 2018,
attributed to the first mover advantage of the products
- Polymer-based
segment is expected to witness the fastest CAGR of 5.1% during the
forecast period, owing to the lightweight nature of the material
- Major
kids furniture market participants include Williams-Sonoma Inc.; Hooker
Furniture; Bassett Furniture Industries; and Lulu & Georgia
Kids Furniture Market Segmentation
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here: https://www.grandviewresearch.com/industry-analysis/kids-furniture-market/request/rs1
Grand
View Research has segmented the global kids furniture market on the basis of
product, raw material, application, and region:
Kids Furniture Product Outlook (Revenue, USD Million, 2015 - 2025)
- Beds,
Cots & cribs
- Table
& Chair
- Cabinet,
Dressers & Chests
- Others
Kids Furniture Raw Material Outlook (Revenue, USD Million, 2015 - 2025)
- Wood
- Polymer
- Metal
Kids Furniture Application Outlook (Revenue, USD Million, 2015 - 2025)
- Commercial
- Household
Kids Furniture Regional Outlook (Revenue, USD Million, 2015 - 2025)
- North
America
- U.S.
- Europe
- Germany
- France
- U.K.
- Asia
Pacific
- China
- India
- Japan
- Central
& South America
- Middle
East & Africa (MEA)
About
Grand View Research
Grand View Research, Inc. is a U.S. based
market research and consulting company, registered in the State of California
and headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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