Published Date: 2019-10-14 | Pages: Ongoing | Tables: Ongoing | Report ID: 8156 | Industry: Consumer Goods |
Format :
Durable Juvenile Products are the products that are designed for children below twelve years. They include strollers, bicycles and tricycles, child safety seats, and cribs. These durable juvenile products aim to provide safety, ease, and convenience to both the children as well as parents. Manufacturers are developing products keeping in mind the safety of the product as well as children. Moreover, they are integrating latest technologies in the products to enhance the overall efficiency and meet the requirements of the parents.
The Durable Juvenile Products market has been undergoing a number of product introductions. One of them is Smart Cot. It comprises sensor, built-in camera, and intelligent alerts in order to track the baby’s health and safety so that the parent can relax. Moreover, it alerts the parent in case of any problem.
Market Dynamics
Increased per capita income, rise in the number of affluent parents, and surge in the expenditure are the leading factors supporting the growth of the Durable Juvenile Products market. Rise in the number of working women, rapid urbanization, and booming e-commerce are also having a positive impact on the Durable Juvenile Products market growth. Technological advancements have also played a key role in boosting the Durable Juvenile Products market growth.
However, decline in the birth rates and lack of awareness among the end users may restrain the market growth. High cost of raw materials and strict safety requirements may challenge the market players in the coming years.
Safety Requirements for Durable Juvenile Products
Key Players to Introduce Novel Products to Compete in the Market
Some of the key players operating in the Durable Juvenile Products market are Ergobaby, Mybaby, Inglesina, Newell Rubbermaid, Goodbaby, Britax, Shenma Group, Peg Perego, Combi,Seebaby, Joyson Safety Systems, BabyFirst, Recaro, Stokke, BeSafe, Kiddy, Dorel, Best Baby, and BabyBjörn. Key players are taking up various strategies inlcusing novel product introduction, partnerships, and collaborations with an aim to strengthen their presence in the market.
For instance, one of the key companies, BabyBjörn has launched BABY CARRIER MINI, which is a small and easy to use baby carrier, specially designed for babies from birth up to 25 lbs. It allows the parent to quickly untie the front section and lift out the sleeping baby without disturbing them. Its super-soft fabric is a key aspect of this product.
By Product Type
● Strollers
● Child Seats
● Baby Carrier
By Application
● Maternity & Childcare Store
● Brand Store
● Supermarket
● Online
As per the analysts, demand for strollers is greater as compared to the other product types, the reason being increasing purchase of these products by the parents. It has been anticipated that the child seats are also likely to witness huge demand in the coming years. The global Durable Juvenile Products market has been bifurcated on the basis of application as maternity & childcare store, brand store, supermarket, and online. Maternity & childcare store may gain traction among the parents for the purchase of Durable Juvenile Products in the years to come.
By Region
High consumption and production of Durable Juvenile Products and improved living standards are some of the leading factors driving the Durable Juvenile Products market in Asia Pacific. Economic growth and huge population in China are also boosting the Durable Juvenile Products market in Asia Pacific. In addition, low labour cost in Asia Pacific is propelling manufacturers to build their plants in this region, thereby enhancing regional Durable Juvenile Products market growth.
Presence of key companies, high disposable income, and rise in the number of working women are fostering the Durable Juvenile Products market growth in North America. The regional analysis will give a clear cut understanding to the readers regarding the current and future situations of the global Durable Juvenile Products market.
QYR Consulting uses its core strength to identify the trends that will shape the consumer goods industry in the coming decades. The launch of innumerable innovative products has dramatically changed lifestyles and outlook toward living. Relentless sales of a wide range of consumer goods have opened up growth avenues for several other industries such as electronics, clothing, and food and beverages amongst others. The reports listed below study how the changing economy, improving GDP, and rising purchasing power have created a fertile ground for growth of the consumer goods industry.
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