Toys and Baby Products
Global outlook of the baby and child proofing products market
Technavio’s market research analysts predict the global baby and child proofing products market to grow steadily during the forecast period and post a CAGR of almost 7% by 2020. This industry research report identifies the rise in number of hotels and resorts offering childproof rooms to be one of the major factors that will have a positive impact on the growth of this baby and child proofing products market in the coming years. With access to information on child injury and the awareness on the availability of products to prevent it, there is an increasing preference among parents to opt for kid-friendly hotels and resorts. This in turn, compels hotels and resorts to offer baby and child proof services. For instance, luxury hotels including JW Marriott Phuket Resort & Spa, Kerry Hotel Beijing, and The Ritz-Carlton in Dubai offer to provide kid-friendly accommodations with amenities and entertainment activities for kids.
In terms of geographical regions, Europe will be the major revenue contributor to the market throughout the next four years. Factors such as campaigns run by the local governments to ensure the safety of the babies and kids, product innovations, and the rise in number of child births, will drive the market’s growth prospects. Moreover, the need to identify potential safety risks that induces parents to prefer an expert opinion, will also fuel the growth of the child and baby proofing products growth in this region.
Competitive landscape and key vendors
The market is characterized by the presence of a considerable number of baby and child proofing companies and since all players compete to gain major market shares, the competitive environment is intense. The increasing awareness on the need to ensure the safety and security
Overview of the global baby bottles market
Technavio’s market research analyst predicts the global baby bottles market to grow moderately over the forecast period, registering a CAGR of more than 4%. Owing to hectic schedules and increased number of working women, many lactating mothers are opting for formula milk for the baby instead of breast milk. Vendors are coming up with baby formula milk that can be stored for longer durations after preparation. These baby formulas also claim to contain nutrients present in breast milk. The harmful effects of BPA on health is another area of focus for the vendors yo develop BPA-free baby bottles for the healthy growth of the infants. Vendors are focusing on developing BPA-free baby bottles, made of either PES/polyamide or polypropylene instead of polycarbonate. At present, the majority of the vendors, such as Green to Grow, Nuby, Momo Baby, Mother's Milkmate, and Medela, are manufacturing and distributing BPA-free baby bottles.
In terms of geographical analysis, APAC accounts for the highest share of the global baby bottles market, owing to the rapid population and high fertility rates in the region. APAC is witnessing an increase in demand for high-tech baby bottle products with trendy designs and features. Baby bottles are not highly expensive products, which makes them affordable to consumers of most classes. With the rise of Internet retailing and growing consumer awareness, the baby bottle market in APAC is expected to register high growth during the forecast period.
Competitive landscape and key vendors
The global baby bottles market is dominated by a few global vendors including Philips, Pigeon Corporation, Mayborn, Handi-Craft, and Munchkin. Intense competition prevails in the market where these key players contend to
Global outlook of the recliner sofas market
Technavio’s market research analyst predicts the global recliner sofas market to grow at a CAGR of more than 6% by 2020. The number of private label brands is increasing significantly in the recliner sofas market, which has intensified the competition for the existing global and regional vendors. Private labels such as Jedd, Alessandro, Beckett, and Liam from Macy’s are challenging the retail prices of branded labels. The popularity of these labels has been growing in developed markets such as the US, Germany, France, Australia, and the UK, owing to the improvement in the quality of the products offered by these labels, which has restricted the growth of the major brands in the market. Moreover, the entry of these private labels enables consumers to procure living room furniture products at comparatively lower prices. The growing presence of these private label sofa brands is envisaged to positively influence the recliner sofas market, especially in terms of gaining consumer interest, during the forecast period.
North America will continue to lead the recliner sofas market during the forecast period and is anticipated to occupy more than 35% of the total market revenue by 2020. Factors such as increasing spending on furniture by the youth population and growth of the organized retail sector are the major drivers for the market growth in this region. Organized retailers such as department stores, hypermarkets, and club houses are the major revenue contributors to the market in North America. The growing sales of recliner sofas from the furniture and furnishings stores segment will boost revenues in the overall market during the predicted period.
Competitive landscape and key vendors
The global recliner sofas market is marked by the presence of
Overview of the global baby carriers market
Parents are opting for ergonomically designed baby carriers to determine safety and comfort for their babies. With ergonomically designed baby carriers, the baby's back can develop correctly as they support the sitting position of the child. They are designed to be beneficial to the baby's development and growth and provide efficient weight distribution, causing less effort and strain to the wearer. Ergonomic baby carriers are also designed with high snugness factor which helps the wearer to ensure that there is minimal unnecessary shifting in the baby’s weight, and helps in avoiding any strain or injury to the baby and the wearer. For instance, BabyBjörn Baby Carrier One is designed with ergonomic leg position having a wide seat area for the child, extra-padded shoulder straps, as well as good stability in the waist belt. This allows parents to carry heavier children for longer hours without tiring. Technavio’s market research analyst predicts the global baby carriers market to grow at a CAGR of more than 3% by 2020.
Manufacturers are designing toddler carriers with several additional features to provide comfort and convenience to the wearer. For instance, Stokke's MyCarrier is available in organic cotton and has pockets hidden in the waistband of the carrier for utility. ErgoBaby Original Carriers are designed with a pull-out hood, which can be used to protect the baby's head from the external environment. Chicco UltraSoft Infant Carrier has unique cuddle pockets, which allows the baby to feel the parents touch. To make their products widely available, the manufacturers are using online platforms such as blogs to provide information about products, guidance on how to use them, and safety
Overview of the global baby cribs and cots market
Technavio’s market research analyst predicts that the global market for baby cribs and cots will grow at a moderate CAGR of around 5% between 2016 and 2020. Parents are opting for baby cribs and cots that can be used for multiple purposes as such products are convenient and economical. Vendors are coming up with baby cribs and cots with adjustable mattress levels, and cribs and cots that can transform into toddler beds to accommodate the baby as it grows. Also, the manufacturers are including several additional features and functionality in baby cribs and cots, such as fitted wheels for better mobility, extended sleeping area, static side rails that prevent the baby from rolling over, and shorter distance between side slats so that the baby cannot get its body parts through the center. With the growing awareness about sustainable products among consumers, vendors are developing eco-friendly baby cribs and cots that are manufactured from raw materials like sustainable wood and non-toxic paints that do not have any adverse effects on the babies. The growing preference for aesthetically appealing cribs and cots will further contribute to the growth of this market in the coming years.
Europe will continue to dominate the market over the predicted period and is likely to occupy around 42% of the overall market share by 2020. Much of this market’s growth can be attributed to the increased expenditure on premium baby cribs and cots, especially by the ultra-high net worth individuals (UHNWIs). Also, the consumers in the region are less price sensitive and are willing to spend a higher amount on money on better quality baby cribs and cots made of non-toxic materials. With the shifting trend towards online sales of baby cribs and cots in the region, the overall market will witness
Overview of the baby bath products market
According to the market research analysts at Technavio, the global baby bath products market is anticipated to witness steady growth and will post a moderate CAGR of nearly 6% over the forecast period. In the recent times, there has been an augmented demand for natural and organic bath soaps and shampoos, which is one of the primary factors driving this market’s growth during the predicted period. As consumers are becoming increasingly aware of the adverse effects of using synthetic products, they prefer natural and organic soaps that are free of harmful toxins or parabens for their babies. Moreover, the increase in consumer spending in countries, such as India, China, Brazil, and Russia is also expected to generate greater demand for the relatively more expensive, organic products.
A growing market for baby personal care products has prompted the vendors to innovate their product offerings and packaging constantly. Moreover, upgrading products according to market requirements not only helps build brand appeal but also increases the consumer base for the vendors. For example, Hipp Baby, based in Austria, offers its liquid baby soap product in a bottle shaped in the form of a duck that looks like a toy to appeal to younger consumers. The brand was able to create an identifiable brand image for the product through its distinctive shape, texture, and visual packaging elements. The availability of such multifunctional products is one of the significant trends anticipated to bolster the growth prospects for this market over the next four years.
Competitive landscape and key vendors
The global baby bath products market is characterized by the presence of well-diversified international and regional vendors. International
The baby care products market includes baby convenience and safety products, baby skin care, baby bath care, diapers, and baby hair care.
In recent years, evolving consumer preferences, particularly for more sophisticated electronic toys, have influenced the global toy market. Manufacturers are expanding their consumer base by offering more innovative and technologically advanced toys.
Technavio’s consumer data and market analysis advances your knowledge of the industry and its competitive environment and provides insights on baby products, baby toys, educational toys, innovative baby products, kids’ toys, natural baby products, organic baby products, and wooden toys.