Global children's furniture market will reach US$178.3 billion in 2031

According to data from a US research institute, the global children's furniture market was worth US$10.57 billion in 2021. Between 2022 and 2031 , the global children's furniture market is expected to grow at a compound annual growth rate of 5.6%.

It is estimated that by 2031, the global children's furniture market will reach US $ 178.3 billion.

As consumers' demand for sustainable and environmentally friendly furniture increases , the demand for children's furniture is expected to rise . It is reported that manufacturers of related products are ready to increase production to meet the growing demand for children's furniture.

In order to meet the diverse shopping needs of consumers , industry leaders have chosen to increase investment to enrich their product portfolios and launch innovative products based on consumer preferences .

Furthermore, with the expansion of kindergartens and daycare facilities , the size of the children's furniture market is expected to continue to reach new highs in the coming years .

As the market expands , luxury furniture companies also want to get a piece of the pie and have launched a series of related products targeting the children's market .

As the value of quality education becomes more widely recognized around the world , governments around the world are prioritizing school development funding. This is likely to further increase school spending on children's products , indirectly providing more opportunities for children's furniture manufacturers and suppliers .

In addition, the proportion of dual-income parents is increasing worldwide , so the budget for purchasing household items has also increased significantly , especially the items needed for children .

The children's furniture market is expected to continue to expand as urbanization develops . Parents in urban areas are exposed to a variety of new and exciting children's furniture products , and parents are often willing to spend money on their children .

In terms of product types, cribs accounted for the largest share of the global children's furniture market in 2021. Because cribs can help newborns adapt to sleeping alone, more and more new parents will choose to buy cribs for their newborns. If the child can sleep well, the parents can have a chance to sleep well . Therefore, the importance of children's furniture is self-evident to parents.

It is predicted that the middle class will become the main consumer of children's furniture products, because most product pricing strategies on the market will target the consumption level of middle-class families.

Data shows that in 2021, the largest consumer region in the global children's furniture market is Asia-Pacific, mainly because of the high birth rates in countries such as India and Southeast Asia in the region, which leads to much higher demand for related products than in most developed countries.

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