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The global baby cribs market size is expected to reach US$ 4.77 Billion by the end of 2032. According to a study by Future Market Insights (FMI), the market will show a steady rise at a CAGR of ~6.50% between 2022 and 2032.
According to the report, rise in birth rates in developing countries and rapidly growing demand for baby safety products drives demand for baby cribs across the globe. The report offers a comprehensive view of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.
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It includes in-depth insights into the baby cribs market. Some of these are:
Rise in Demand for Multifunctional Baby Cribs among Consumers
Based on the product type, the convertible is expected to be the most attractive segment in the baby cribs market over the forecast period. Convertible type of baby cribs are mostly preferred by consumers as that are cost effective, high durability, and can be easily detachable bed rails is the primary factor expected to exhibit a significant growth in the global baby cribs market during the forecast period.
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Furthermore, advantages associated with baby cribs such as safety, comfort accommodation, peaceful sleep, and most important consumers are seeking for baby cribs designed that can be expand as the baby grows propel the global baby cribs market for further growth. However, multifunctional baby cribs segment is expected to expand at higher CAGR during the forecast, as these type of baby cribs are designed with all the necessary and improved features such as built-in drawers as well as changing area.
Who is Winning?
Some of the leading players operating in the baby cribs market are Goodbaby International Holdings Ltd., Delta Enterprise Corp., Silver Cross, Artsana S.p.A., Fisher-Price Inc., Graco, Inc., Arm’s Reach Concepts, Inc., Million Dollar Baby Co., Dream On Me, Inc., Storkcraft, Sorelle Furniture, BabyBjorn, Chicco, Natart Juvenile, Inc., Baby’s Dream Furniture Inc., East Coast Nursery Ltd., Kolcraft Enterprises Inc., DaVinci Baby, Mamas & Papas, Bababou, Me n Moms, Stokke AS, and others.
These manufacturers are investing significantly on research and development activities to achieve various certifications and introduce environmental friendly products to meet growing consumer requirements for sustainable materials such as non-toxic paints used in developing baby cribs.
Moreover, expanding domestic distribution channel, strategic partnership, acquiring small scale companies, innovative marketing strategies, celebrity endowment, and enter into online platform remains the most popular strategy among the prominent players in the market. Companies intend to expand their geographical footprint through collaborating with local players.
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Baby Cribs Market by Category
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Key Questions Answered in the Report
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About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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The post Baby Cribs Market Revenues to Receive Overwhelming Hike US$ 4.77 Billion by 2032: Future Market Insights, Inc. appeared first on Future Market Insights.