According to a new report published by UnivDatos Markets Insights the Baby Safety Products Market is expected to grow at a CAGR of around 4% from 2022-2028. The analysis has been segmented into Product Type (Car Seats, Strollers, Monitors, Others); Distribution Channel (Online, Offline); Price Point (Mass, Economy Premium); Region/Country.
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The baby safety products market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the baby safety products market. The baby safety products market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the baby safety products market at the global and regional levels.
Market Overview
Promulgating awareness about child safety and emerging incidences of infant deaths globally is one of the key factors which is contributing to the growing demand for baby safety products. As per CDC, there are about 3,400 sudden unexpected infant deaths (SUID) in the United States each year. There are 2 major factors that are responsible for SUID incidences. The factors are Sudden infant death syndrome (41.0%), Unknown cause (32%), Accidental suffocation, and strangulation in bed (27%). The incidence of suffocation and strangulation in bed increased from 15.8 deaths per 100,000 births in 2015 to 25.5 deaths per 100,000 births in 2019. As per CDC, SIDS is more likely to affect a baby who is between 1 and 4 months old, it is more common in boys than girls, and most deaths occur during the fall, winter, and early spring months. Therefore, the rising number of births across the globe is creating an opportunity for the baby safety product market to grow.
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COVID-19 Impact
The recent covid-19 pandemic has disrupted the world and has brought a state of shock to the global economy. The COVID-19 pandemic had a negative impact on the baby safety product market as a lockdown was implemented due to which the whole population had to stay inside the house. In all the offices’ work from home is implemented which benefits the working parents to keep a close eye on their babies which directly harms the baby safety products manufacturers’. All the Companies also face operational challenges due to store closures, supply chain disruptions, and other long-term disruptions.
The global baby safety products market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
Based on distribution channels, the market is fragmented into online and offline. In 2020, the offline segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period. Key players in the baby safety products market are generating maximum revenue from offline sales. The significant growth was mainly driven by customer benefits such as pre-purchase product scanning, and a large number of options available to choose from. However, rise in the e-commerce sector owing to the rising internet penetration is one of the key factors for the growth in the demand for online distributional channel category. As per the World Bank Group, in 2019 the internet usage by the population was 89% which rise up to 91% in 2020.
Based on price point, the market is bifurcated into mass, economy, and premium. The mass segment accounted for a significant market share in 2020 and it is estimated that it will grow rapidly during the projected timeframe with an increase in nuclear families, the parent buy product which is affordable and budget-friendly directly boosting the segment of the market.
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Baby safety products Market Geographical Segmentation Includes:
- North America (United States, Canada, and Rest of North America)
- Europe (Germany, United Kingdom, Italy, France, Spain, and the Rest of Europe)
- Asia-Pacific (China, India, Australia, Japan, and the Rest of Asia-Pacific)
- Rest of the World
For a better understanding of the market dynamics of the baby safety products market, a detailed analysis was conducted for different regions across the globe including North America (U.S, Canada, and the Rest of North America), Europe (Germany, France, Spain, United Kingdom, Italy, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, and Rest of APAC), Rest of World has been conducted. Geographically, the North America region dominated the baby safety products market owing to the presence of well-established market players and the inclination toward nuclear families in the region.
The major players targeting the market include
- Britax Child Safety, Inc.
- Chicco
- Dorel Industries Inc
- Our New Baby Inc.
- Baby Jogger, LLC
- Baby Trend
- Combi USA, Inc.
- Cosatto Store
- Graco Children’s Products Inc.
- Crate and Barrel
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the baby safety products market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
Key questions resolved through this analytical market research report include:
- What are the latest trends, new patterns, and technological advancements in the baby safety products market?
- Which factors are influencing the baby safety products market over the forecast period?
- What are the global challenges, threats, and risks in the baby safety products market?
- Which factors are propelling and restraining the baby safety products market?
- What are the demanding global regions of the baby safety products market?
- What will be the global market size in the upcoming years?
- What are the crucial market acquisition strategies and policies applied by global companies?
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About UnivDatos Market Insights (UMI)
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About UnivDatos Market Insights
UnivDatos Market Insights (UMI) is a passionate market research firm and a subsidiary of Universal Data Solutions. We believe in delivering insights through Market Intelligence Reports, Customized Business Research, and Primary Research. Our research studies are spread across topics across the world, we cover markets in over 100 countries using smart research techniques and agile methodologies. We offer in-depth studies, detailed analysis, and customized reports that help shape winning business strategies for our clients.
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