Kids Furniture Market: Polymer Segment Is Expected To Register The Fastest CAGR Of 19.7% From 2022 To 2030

 Kids Furniture Industry Overview

The global kids furniture market size was valued at USD 38.82 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 18.9% from 2022 to 2030. Rising real estate prices are expected to impact the sizes of houses and children’s rooms, which is projected to create growth opportunities for companies offering compact, easy-to-move, and “assemblable” furniture for kids’ rooms.

The outbreak of the COVID-19 pandemic led to worldwide lockdowns and school closures that resulted in an increase in demand for kids furniture, including chairs, tables, cabinets, dressers, and chests. Owing to the ongoing pandemic, children are now required to attend online classes, necessitating a separate study space in order to accommodate themselves comfortably for long school hours.

Moreover, the worldwide population's per capita and disposable income is rising, particularly in developing nations, boosting the expansion of the kids furniture industry. Consumers with a high level of affordability spend wisely in order to increase their standard of living, resulting in the purchase of efficient and versatile consumer goods. This factor is expected to boost the growth of the market.

Gather more insights about the market drivers, restrains and growth of the Global Kids Furniture market


Furthermore, the demand rate is growing as the population grows, and at the same time, improving employment rates in emerging nations have enabled a large portion of the population to spend on both necessary and recreational items, which is expected to boost the growth of the market. For instance, according to the International Labour Organization, between 2017 and 2019, the number of working people in the Asia Pacific region increased to about 23 million.

With the rising home prices, consumers are increasingly investing in home improvement or home remodeling projects rather than buying new homes. The growing home values have doubled homeowner equity, indicating a trend of homeowners feeling richer and more disposed toward spending money on home improvement projects. This trend is likely to propel the demand for kids furniture in the foreseeable future.


Browse through Grand View Research's Homecare & Decor Industry Research Reports.

  • Smart Bed Market - The global smart bed market size was valued at USD 2.30 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 7.0% from 2022 to 2030. Growing expenditures in sleep technology as a result of improved living standards has driven the need for smart beds.

  • Furniture Market - The global furniture market was valued at USD 648.12 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.7% from 2022 to 2030. The growth is driven by various factors such as increasing disposable incomes, growth of hospitality and housing sectors, developments in the commercial construction industry, and growing demand for premium and luxury furniture across the world.

 

Kids Furniture Market Segmentation

Grand View Research has segmented the global kids furniture market on the basis of product, material, application, and region:

Kids Furniture Product Outlook (Revenue, USD Billion, 2017 - 2030)

  • Beds, Cots, & Cribs
  • Table & Chair
  • Cabinets, dressers, & Chests
  • Mattresses
  • Other

Kids Furniture Material Outlook (Revenue, USD Billion, 2017 - 2030)

  • Wood
  • Polymer
  • Metal

Kids Furniture Application Outlook (Revenue, USD Billion, 2017 - 2030)

  • Commercial
  • Residential

Kids Furniture Regional Outlook (Revenue, USD Billion, 2017 - 2030)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa (MEA)

 

Market Share Insights

  • July 2021: Aldi launched a new range of kids' garden furniture, which includes wooden benches, loungers, and tables.

  • July 2021: Crate & Kids came up with a kids’ furniture line designed to meet the needs of millennial parents.


Key Companies profiled:

Some prominent players in the global kids furniture market include:

  • Williams Sonoma Inc.
  • Billion Dollar Baby Co.
  • Wayfair Inc.
  • Blu Dot
  • First Cry
  • KidKraft
  • Sorelle Furniture
  • Circu Magical Furniture
  • Crate and Barrel
  • Casa Kids

 

Order a free sample PDF of the Kids Furniture Market Intelligence Study, published by Grand View Research.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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