The global baby stroller market is expected to generate $3.4 dollars
PORTLAND, Oregon, September 15, 2022 (GLOBE NEWSWIRE) – According to the report published by Allied Market Research, baby carriage market It raised $1.9 billion in 2021 and is expected to generate $3.4 billion by 2031, showing a compound annual growth rate of 5.7% from 2022 to 2031. The report provides a comprehensive analysis of changing market dynamics, key segments, value chain, and competitive scenario and the regional scene. This research provides valuable guidance to prominent players, investors, shareholders, and startups in devising strategies for sustainable growth and competitive advantage in the marketplace.
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Report coverage and details:
|Market size in 2021||$1.9 billion|
|Market size in 2031||$3.4 billion|
|compound annual growth rate||5.7%|
|Number of pages in the report||278|
|Sectors covered||Product type, age, distribution channel, and region.|
|Increase disposable income for the consumer|
|Changes in customers’ lifestyles|
|Innovations in the design of baby carriages|
|chances||Rise in travel trend among millennials and baby boomers|
|Rise in refurbishment and leasing of a stroller|
|limitations||Stroller prices are on the rise|
- The outbreak of the COVID-19 pandemic had a negative impact on the growth of the global baby stroller market, due to the implementation of the global shutdown that led to the temporary closure of production facilities.
- Worldwide curfew practices have affected the domestic and international production of the stroller, which in turn has hampered the growth of the market as a whole.
- The supply chain has been disrupted by import and export restrictions. Manufacturers faced labor shortages and unavailability of raw materials.
- However, in the post-pandemic period, customers are spending more on prams and prams as a result of their fast-paced lifestyle and awareness of childcare.
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The research provides a detailed segmentation of the global Baby Stroller market based on product type, age, distribution channel, and region. The report discusses the sections and subsections in detail with the help of tables and figures. Market players and investors can strategize according to the highest and fastest growing income generating sectors mentioned in the report.
Depending on the product type, the lightweight stroller segment occupied the largest share in 2021, accounting for more than a third of the global stroller market, and is expected to continue to lead during the forecast period. In addition, the same segment is expected to register the highest compound annual growth rate of 5.8% from 2022 to 2031. The report also identifies segments such as the full-size stroller, jogging stroller and double stroller.
Based on age, the 6-12 months segment captured the highest share in 2021, contributing nearly half of the global stroller market, and is expected to maintain its leadership in terms of revenue during the forecast period. Additionally, the sector itself is expected to show the highest compound annual growth rate of 6.1% from 2022 to 2031. The research also analyzes segments spanning 6-months and 12-36 months.
Based on distribution channel, the specialty department store segment captured the highest share in 2021, capturing more than two-fifths of the global baby stroller market, and is expected to continue its leadership during the forecast period. Additionally, the same segment is expected to grow at the highest compound annual growth rate of 6.0% during the forecast period. The research also analyzes supermarkets/hypermarkets and e-commerce
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Based on the region, North America held the largest share in 2021, contributing more than a third of the total stroller market share, and is expected to maintain its dominant share in terms of revenue in 2031. However, the Asia Pacific region is expected to show Fastest compound annual growth rate of 6.9% during the forecast period. The research also analyzes regions including Europe and LAMEA.
The leaders in the global stroller market analyzed in the research include Artsana Group, Baby Bunting, Britax Excelsior Limited, Dorel Juvenile, Goodbaby International, Newell Brand, Peg Perego SpA, Pigeon Corporation, Mothercare and Summer Infant, Inc.
The report provides a detailed analysis of these major players in the global Baby Stroller market. These players have adopted various strategies like new product launches, collaborations, expansion, joint ventures, agreements, etc. to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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