Children Furniture Market Overview: 2030
The global children furniture market size was valued at $26.6 billion in 2020, and is projected reach $48.9 billion by 2030, registering a CAGR of 5.6% from 2021 to 2030. The beds, cots, & cribs segment led in terms of children furniture market share in 2020 and is expected to retain its dominance during the forecast period. Children furniture is made exclusively for young kids and babies. They are much smaller in size than regular furniture. These furniture pieces are primarily made from wood, but can also be made from polymer and metal. They can also be fixed or portable. They are designed to meet the ergonomic needs of the child at different stages of their development. Easy cleaning, low maintenance, blunt edges are some of the characteristics of children furniture.
Over three-fourth of the global population lives in the developing world, though birthrates across all regions have steadily reduced but still remain the highest in developing countries, such as India and China, according to the World Bank. In addition, growing middle class population, rising female participation rate in the labor force, and rapid urbanization in both developed and emerging markets have bolstered the rapid adoption of convenience-oriented lifestyles, resulting in increased demand for children related product accessories, including children furniture, thus increasing the demand for children furniture. In addition, recently, the Chinese government announced three-child policy, allowing all couples to have three kids to address the challenge of an aging population. Thus, the number of children is expected to increase in the upcoming years, thus positively impacting the children furniture market growth.
Segment review
The global children furniture market is segmented on the basis of type, material, end user, sales channel, and region. Based on type, it is divided into beds, cots & cribs, table & chair, cabinet, dressers & chests, and others. Depending on material, it is classified into wood, polymer, and metals. By end user, it is bifurcated into residential and commercial. By sales channel, it is categorized into offline channels and online channels. Furthermore, it includes revenue generated from the sales of children furniture across North America, Europe, Asia-Pacific, and LAMEA.
On the basis of type, the global children furniture market is divided into beds, cots & cribs, table & chair, cabinet, dressers & chests, and others. The beds, cots & cribs segment is the largest segment and captures the maximum children furniture market share; however, the cabinet, dressers & chests segment is predicted to witness the highest growth.
By Type
Cabinet, Dressers & Chests segment would exhibit the highest CAGR of 7.0% during 2021-2030.
By material, the children furniture market is divided into wood, polymer, and metal. Wooden furniture is the most commonly used type of children furniture in households while metal is more commonly used in establishments such as schools and daycares. Polymer furniture will witness an increase in usage in the coming years.
By Material
Polymer segment would exhibit the highest CAGR of 6.2% during 2021-2030.
Depending on end user, the children furniture market is divided into residential and commercial. Residential users of children furniture are mostly from the urban areas where parents are spending money on children comfort. Commercial use of children furniture is increasing as more places are becoming child friendly and the number of schools is increasing.
According to sales channel, the sales of children furniture are divided across offline channels and online channels. Offline channels account for the majority of the sales of children furniture. However, the sale of children furniture via online channels is rapidly increasing as well.
By Sales Channel
Online Channels segment would exhibit the highest CAGR of 6.3% during 2021-2030.
By region, the global children furniture market is studied across North America, Europe, Asia-Pacific, and LAMEA. North America leads in terms of market share for the global children furniture market followed by Europe. Asia-Pacific is poised to grow with the highest CAGR during the forecast period.
By Region
Asia-Pacific region would exhibit the highest CAGR of 8.5% during 2021-2030.
The report focuses on the growth prospects, restraints, and opportunities of the global children furniture market. The study provides Porter’s five forces analysis to understand the impact of various factors, such as competitive intensity of competitors, bargaining power of suppliers, threat of substitutes, threat of new entrants, and bargaining power of buyers, of the children furniture market.
Some of the major players profiled in the children furniture market analysis include Cello Group, Cosmoplast Industrial Company LLC, Herman Miller, Inter IKEA Systems B.V., Keter Group, Nilkamal Limited, Pil Italica, Lifestyle, Sauder Woodworking Company, Sleep Number Corporation, and Tramontina. Other prominent players analyzed in the report are Ashley Furniture Industries, Hooker Furniture Corporation, Steelcase, Avro India Limited, Scancom International A/S, Okamura Corporation, and Kimball International Inc.
COVID-19 Impact Analysis
- The children furniture industry was slightly positively impacted by the pandemic, owing to online education and classes
- Most of the purchases during that period were from online channels, which provided a safe way of purchasing children furniture.
- With changing consumer behavior, the demand for merchandised, personalized, and premium quality products is expected to increase.
Key Benefits For Stakeholders
- The report provides an extensive analysis of the current and emerging children furniture market trends and opportunities.
- The report provides detailed qualitative and quantitative analysis of the current trends and future estimations that help evaluate the prevailing children furniture market opportunities in the market.
- The children furniture market forecast is offered along with information related to key drivers, restraints, and opportunities.
- The market analysis is conducted by following key product positioning and monitoring the top competitors within the market framework.
- The report provides extensive qualitative insights on the potential and niche segments or regions exhibiting favorable growth.
Children Furniture Market Segments
By Type
- Beds, Cots & Cribs
- Table & Chair
- Cabinet, Dressers & Chests
- Others
By Material
- Wood
- Polymer
- Metal
By End User
- Residential
- Commercial
By Sales Channel
- Offline Channels
- Online Channels
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Argentina
- Saudi Arabia
- United Arab Emirates
- South Africa
- Rest of LAMEA
Children Furniture Market Report Highlights
| Aspects | Details |
 By Type |
|
 By Material |
|
 By End User |
|
 By Sales Channel |
|
 By Region |
|
 Key Market Players | HERMAN MILLER, KETER GROUP, NILKAMAL LIMITED, INTER IKEA SYSTEMS B.V., COSMOPLAST INDUSTRIAL COMPANY LLC, CELLO GROUP, PIL ITALICA LIFESTYLE LIMITED, SAUDER WOODWORKING COMPANY, TRAMONTINA, SLEEP NUMBER CORPORATION |
Analyst Review
According to the CXOs of leading companies, there has been rise in demand and purchase of furniture for children and toddlers in the past few years. This rise in demand can be attributed to an increase in the spending power of parents and their willingness to purchase furniture for their children. Increased awareness about the existence of such specialized furniture, especially amongst the new millennial parents is contributing to the proliferation of the market.
Furniture made for children is smaller in size and shape as compared to regular furniture. They may also include aesthetic designs and imagery containing flower, birds, and animals to make them more visually appealing. Most children furniture have vibrant color palettes to attract attention and to mimic the playful nature of children. Furniture made from wood and plastic is most commonly used in residential areas, kids’ bedrooms, and play areas. Metal furniture witnesses more usage in schools and daycares, as the furniture in these places need to be extra sturdy to avoid wear and tear.
As children grow up, these furniture pieces need to be replaced to accommodate the size and needs of the growing child. Some companies offer buyback features to reduce the waste generated by discarding these furniture pieces. This will ensure recycling of the furniture, thus reducing the negative impact on the environment.
The total market value of the children furniture market report is $48.9 billion.
The forecast period for the children furniture market report is 2021-2030.
The base year calculated for the children furniture market report is 2020.
Some of the major players operating in the children furniture market are Cello Group, Cosmoplast Industrial Company LLC, Herman Miller, Inter IKEA Systems B.V., Keter Group, and Nilkamal Limited.
Online segment is the most influencing segment growing with the highest CAGR in the children furniture market
The offline channel market holds the maximum market share of the children furniture market.
The company profiles have been selected on the basis of the product offerings, revenues, and developments.
The market value of the children furniture market in 2020 is $26.6 billion.
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