|Base Year Market Size
|USD 42.2 Billion
|Forecast Year Market Size
|USD 85.06 Billion
|Fastest Growing Market
The global kid's furniture market size was valued at USD 42.2 billion in 2022. It is estimated to reach USD 85.06 billion by 2031, growing at a CAGR of 8.1% during the forecast period (2023–2031). The increase in the birth rate and rise in the disposable income of parents will stimulate market expansion.
Chairs, tables, cabinets, mattresses, and bookcases are just a few examples of objects occasionally referred to as "furniture." When people refer to "furniture," they imply all the objects in a home that can be used for sitting, lying down, or holding smaller items like cups or towels. In other terms, while referring to furniture, a person means all of the items in a home. These items are spread out around the entire house in several locations. The quality of the materials used in creating a piece of furniture also greatly impacts how it looks. In particular, this applies to wooden furniture. When it comes to furniture, using inferior materials usually yields a cheap and poorly made appearance. This is due to the correlation between the final product's aesthetic quality and the raw materials' quality. This is true even if the article was written in various styles.
On the other hand, furniture made from premium materials is more likely to be well-crafted and have an elegant appearance. This is because working with premium materials is more challenging. This is due to the use of premium raw materials during the crafting process.
According to the World Economic Forum, Europe has a low birth rate problem, leading to healthcare and pension issues. As a result, some nations are implementing measures to encourage people to have more children. European governments are encouraging families to have more children by granting monetary incentives of up to USD 2,235 per birth to increase the birth rate. The UN also reports that, with varied degrees of success, two-thirds of European nations have implemented policies to boost fertility rates, such as paid parental leave, tax incentives, and baby bonuses. The government's measures to increase the region's birthrate will Favor the market for children's furnishings. The governments of several nations have adopted a range of actions to increase the decreasing number.
The U.S. has greater average earnings than other nations, including the U.K., Germany, France, China, India, and Brazil. Rising income levels have fuelled parents' confidence about the future in many different nations, which has, in turn, increased demand for and adoption of a wide range of products for children. The sales of children's furniture, such as beds, cots, cribs, tables, chairs, cabinets, dressers, chests, mattresses, and shelves, have been boosted by this expanding affordability and the availability of high-quality goods. Consumer confidence has been increasing due to ongoing economic expansion, particularly in industrialized nations, which has increased consumer spending on numerous household items.
The home environment poses significant risks to infants and children, with toxic exposure posing the greatest hazard. The presence of chemicals and ergonomic features in furniture poses a significant threat to market expansion. Flame retardants, formaldehyde, acetaldehyde, benzene, vinyl acetate, perfluorooctanoic acid, trichloroethylene, polybrominated diphenyl ethers, phthalates, and perchloroethylene are common pollutants found in furniture. These chemicals have been linked to a variety of health problems, such as skin cancer, eye irritation, blood-related disorders, respiratory tract infections, reproductive effects, leukemia, liver toxicity, neurological effects, male hormone production, reproductive organs, altered sexual differentiation, headaches, sleepiness, and unconsciousness.
Only the European Union is endeavoring to enact chemical safety legislation; most governments worldwide require minimal or no premarket testing of chemicals. Safer Chemicals, Healthy Families, a coalition of activist organizations and for-profit businesses, asserts that children's furniture contains chemicals linked to cancer, disruption of hormones, and brain damage.
The growing concern for the environment has led to a growth in the demand for items that are sustainable and beneficial to the environment in various industries, including the furniture sector. The growing number of people concerned about the environment has caused this increase in demand.
There is a desire for manufacturers to sell children's furniture that is manufactured using materials that are less dangerous to the environment and production processes that cause less damage to the natural world. This demand has led to an increase in the number of opportunities available to manufacturers. This includes the utilization of paints that are not toxic, materials that are capable of being recycled, and lumber that originates from forests that are maintained sustainably.
Based on region, the global kids furniture market share is bifurcated into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
North America's kids' furniture market share is poised to maintain its dominance, with an estimated Compound Annual Growth Rate (CAGR) of 15.2% projected over the forecast period. An increase in childcare or daycare service providers in North America is a key contributing factor to the demand for kids’ furniture. Moreover, the rise in on-site childcare services— supported by government initiatives to encourage working mothers—has also been contributing to the growth of the kids' furniture market. The rising trend of employers offering onsite or near-site childcare facilities for their employees is expected to drive the demand for kids’ furniture over the forecast period. Furthermore, there is an increase in the number of daycare and early education centers across North America as the demand for early education has grown rapidly.
The Europe kids' furniture market is expected to demonstrate a robust Compound Annual Growth Rate (CAGR) of 16.0% throughout the forecast period. The growth of the European market is mainly attributed to the growing demand for residential furniture in the region. The market participants in the region have shifted their production to other regions/countries to reduce production costs and increase operational efficiency. Western European countries, such as the U.K., Germany, and France, are witnessing the growing trend of housing renovations and increased demand for residential dwellings, as well as the trend of a separate room for kids, which is favoring the market growth. Furthermore, these countries have a strong presence of manufacturers and distributors, which keeps the prices under check.
Moreover, the increasing presence of online retailers will drive product sales. For instance, KIDSKRAFT offers a wide range of kids' furniture online. The product category includes kids' table and chair sets, bookcases and shelves, toy boxes and benches, bin units, and kids' desks. Furthermore, educational furniture is important in forming a dynamic learning environment that benefits students' physical health. A constant demand for ergonomically designed products for preventing health problems and providing a comfortable learning environment among teachers and students will support the application's growth. The introduction of dynamic and interactive teaching styles, including blended learning and flipped classrooms, is transforming the industry landscape.
In Asia-Pacific, Rapid investments in the construction sector in line with the development of smart city projects are expected to open new opportunities for players in the kid's furniture market over the coming years. Moreover, the growing per capita income in developing countries across the region will augment product demand. Rising innovation, coupled with the increasing demand for aesthetically pleasing kids’ furniture, will also bode well for the Asia-Pacific market revenue. With advancements in technology, a plethora of possibilities in structure and design is opened to manufacturers, leading to revolutionary developments.
For instance, leading furniture manufacturer IKEA has been continuously creating furniture that is easy to assemble by making sure to keep the number of pieces as low as 10. The simple design promotes easy self-assembly of the products. Another popular innovation is the addition of smart temperature regulatory features. Kids are extremely sensitive to temperature, and discomfort related to this can interrupt their sleep. The smart temperature sensors offer auto warming or cooling the cribs and beds to establish suitable temperatures.
In Latin America, according to the World Bank, the average birth rate in South America, based on 12 countries, was 17.14 births per 1000 people. Bolivia had the highest rate, with 21.45 births per 1000 people, while Chile had the lowest rate, with 12.19 births per 1000 people. Moreover, Brazil had over 13.70 births per 1000 people. Thus, the high birth rate will likely drive the demand for kids' furniture in the region.
In the Middle East and Africa, According to The Brookings Institution, the increasing demand for goods and services, as well as rising income levels among all socioeconomic classes, should inspire firms to consider introducing their products to the continents of Africa. Nigeria, Ethiopia, the Democratic Republic of Congo, Egypt, Tanzania, Kenya, and South Africa will soon account for half of Africa's population, with 43 percent of Africans living in these seven nations. These developments are likely to Favor market growth.
|By Raw Material
|Billion Dollar Baby Co. Wayfair Inc. Blu Dot First Cry KidKraft Sorrell Furniture Circus Magical Furniture Crate and Barrel Casa Kids
|U.K. Germany France Spain Italy Russia Nordic Benelux Rest of Europe
|China Korea Japan India Australia Singapore Taiwan South East Asia Rest of Asia-Pacific
|Middle East and Africa
|UAE Turkey Saudi Arabia South Africa Egypt Nigeria Rest of MEA
|Brazil Mexico Argentina Chile Colombia Rest of LATAM
|Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
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The global kid's furniture market is bifurcated into products, raw materials, and applications.
Based on the product, the global kid's furniture market is bifurcated into beds, cots and cribs, tables and chairs, cabinets, dressers and chests, and mattresses.
The Beds, Cots, and Cribs segment dominates the global market and is projected to exhibit a CAGR of 16.0% over the forecast period. Sleep quality is vital for newborns and young children's physical and mental well-being. In particular, during the first two years of life, sleep is a dynamic developmental process that helps babies grow, learn better, and have longer attention spans. As a result, there is a huge increase in demand for children's beds, cots, and cribs worldwide. Infants and young children are kept safe and comfortable in cribs and cots by keeping them from slipping out. They also help to provide restful sleep and a healthy sleeping environment. Due to the growing demand for cutting-edge baby safety items, the market for these products is anticipated to increase. Additionally, the global sales of baby cribs and cots benefit from the increase in nuclear households.
Based on raw materials, the global kid's furniture market is segmented into Wood, Polymer, and Metal.
The Wood segment dominates the global market and is predicted to exhibit a CAGR of 16.4% during the forecast period. Due to the wide variety of available furniture made of plastic, metal, and wood, selecting the finest furniture for children's bedrooms can be difficult. Customers also frequently like particular materials depending on the type of furniture. Wood, among these materials, has some benefits. Wood doesn't have any shape or size creep issues. Except for very big weights, it rarely develops a creeping problem regardless of how heavy the thing on it is. Wood can support a higher load without collapsing since it is stronger in load bearing for chairs and tables. After years of use, wood can also be repainted and repolished to restore its brilliance.
Additionally, wood tables and chairs require less upkeep. Wooden furniture does, however, have a few drawbacks. Wooden furniture is substantially more expensive than metal or plastic furniture and is inflammable, unlike furniture manufactured from those materials. Since many schools are searching for alternatives to hardwood furniture, the wood segment is predicted to grow more slowly over the projected period.
Based on application, the global kid's furniture market is bifurcated into commercial and household.
The Household segment owns the highest market share and is predicted to exhibit a CAGR of 14.5% over the forecast period. School closure was one of the first steps to limit the spread of COVID-19 among children. According to UNESCO, the education of nearly 1.6 billion pupils in 190 countries has so far been affected, i.e., 90% of the world’s school-age children. In many countries, there are still no definite plans for opening the schools. With schools remaining shut due to the coronavirus pandemic and classes being conducted online, it is important to set up a comfortable classroom for the child at home to facilitate learning. This has been challenging, especially for those who live in a small home where the parents are also working from home.
There are wide varieties of tables for kids, including adjustable study desks, built-in wall study units, writing tables, corner desks, roll-top desks, and fold-away space-saver desks. Basic study tables are typically simple, wooden rectangular tables with drawers and storage cabinets. These pieces of furniture have recently witnessed a high demand, along with leap chairs and saddle stools. A leap chair has a lumbar support feature that supports the lower back and is adjustable. A saddle stool improves the posture and helps keep the blood flow in check.