Global Baby Carrier Market Growth, Trends, and Forecasts (2019-2024): Leading Players are Goodboy International and Ergobaby - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 2, 2019--
The “Baby Carrier Market - Growth, Trends, and Forecasts (2019 - 2024)” report has been added to ResearchAndMarkets.com’s offering.
The global baby carrier market is growing at a CAGR of 4.91% during the forecast period (2019-2024).
- Ease of mobility, innovation in functionality and style, and the demand for ergonomically designed carriers are the key reasons for the popularity of baby carriers around the globe. Unlike prams and strollers, baby carriers are preferred, as they increase the physical and psychological connection between the infant and the parent.
- Apart from providing ease of mobility and hands-free convenience, baby carriers have reduced the number of products that need to be carried while parents are out with their babies, which is majorly driving the demand for baby carriers.
- The three common varieties of baby carriers available in the market include buckle, wrap, and sling baby carriers. The buckled baby carrier segment may witness steady growth in the upcoming years, especially in the Asia-Pacific region.
Key Market Trends
Increasing Consumer Spending and Growing Innovation in Baby Carrier Design and Material
Increasing consumer spending and growing innovation in baby carrier design and material used in baby carrier products are driving the growth of the baby carrier market across the globe. The increasing popularity of ergonomically designed baby carriers, which are known for better comfort and safety of babies, and lightweight baby carriers is likely to drive the growth of the baby carrier market.
Owing to development in the baby carrier material, lightweight baby carriers are expected to drive the growth of the market over the forecast period. Major players in the baby carrier are taking inspiration from baby strollers in terms of product innovation in the fabric along with the shape and size of the baby carrier.
Moreover, as per data published by the China Toy & Juvenile Products Association, as of 2016, In that year, 34 percent of the Chinese consumers spent between 2,000 and 3,999 yuan on durable baby products.
Increasing Demand for Baby Care Products in the Developing Economies
Robust economic growth, increasing toddler population, and rising household incomes are expected to increase consumer spending on baby care products in developing countries such as the Asia-Pacific region. Also, the spending capacity is equipped with the facility of availing the information required over the internet. This is changing the way consumers in the Asia-Pacific region buy baby products. The role of artificial intelligence in the buying process may be re-enforced by the companies, in order to stay ahead in the competition.
The growing number of working mothers also provides a good opportunity for this market to flourish, as mothers are the ones who take primary interest in the wellbeing of their children. The financial power in their hands, coupled with the presence of online platforms, is influencing the sales of baby care products, including baby carrier. Additionally, the companies operating specifically in baby carriers are also educating consumers and spreading awareness regarding the convenience of using baby carriers over traditional methods. This is driving the demand for baby carriers in developing countries.
With many players operating in the global baby carrier market, the market has become highly fragmented. The market is dominated by key global players. However, there is also a significant presence of regional players in the respective countries. The major regional players have a local geographical reach and are focusing on improving their presence in online stores and expanding their consumer bases.
Goodboy International and Ergobaby are the two giants operating in the global baby carrier market. However, other players also hold significant market share too in this growing market.
Key Topics Covered
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
3.1 Market Overview
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter’s Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Applicability
5.1.1 Buckled Baby Carrier
5.1.2 Baby Wrap Carrier
5.1.3 Baby Sling Carrier
5.1.4 Other Product Types
5.2 By Distribution Channel
5.2.2 Specialty Store
5.2.3 Online Retail Stores
5.2.4 Other Distribution Channels
5.3.1 North America
18.104.22.168 United States
22.214.171.124 Rest of North America
126.96.36.199 United Kingdom
188.8.131.52 Rest of Europe
5.3.3 Asia Pacific
184.108.40.206 Rest of Asia-Pacific
5.3.4 South America
220.127.116.11 Rest of South America
5.3.5 Middle East and Africa
18.104.22.168 Saudi Arabia
22.214.171.124 South Africa
126.96.36.199 Rest of Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Goodbaby International Holdings Limited
6.4.2 BabyBjorn AB.
6.4.3 Artsana S.p.A.
6.4.6 Jinjiang Becute Baby Products Co. Ltd.
6.4.7 Unison CA
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/vwml4i
View source version on businesswire.com:https://www.businesswire.com/news/home/20191202005729/en/
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INDUSTRY KEYWORD: RETAIL BABY/MATERNITY SPECIALTY CONSUMER
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 12/02/2019 11:51 AM/DISC: 12/02/2019 11:51 AM