Caleb Andrew's blog : Baby Car Seat Market is projected to grow at a higher CAGR till 2027 | Size & Analysis
The Baby Car Seat Market is estimated to
grow at a significant CAGR over the forecast period (2020-2027).
The factors driving growth of the Baby Car
Seat Market includes increasing incidence of road traffic crashes, Government
regulations regarding the installation of baby seats in car, growing awareness
about child safety, rising focus of companies on introducing new features and
improvements in the living standards. Moreover, growing adoption of advanced
technologies by manufacturers, rise in the launch of new products, increasing
availability of baby car seats at e-commerce platforms and other distribution
channels, launch of anti-bound bars and rapid urbanization, are some of the
additional factors supplementing the market growth. In addition, the increasing
investments by major companies on research and development, strategic mergers,
and collaborations between enterprises, rising disposable incomes and growing
population growth rates, are further contributing towards the market growth.
However, growth of the Baby Car Seat Market
is hindered due to inadequate knowledge amongst consumers.
The major players operating in the market
are Newell Brands, Mothercare plc, InfaSecure, Dorel Industries Inc., Goodbaby
International Holdings Ltd., UPPAbaby, Kiwi Baby, RENOLUX, RECARO Holding GmbH,
and Artsana S.p.A., among others.
Based on Product, the Infant segment is predicted to capture the largest
market share during the forecast period
Increasing incidences of car accidents
around the world and rise in launch of new features in infant car seats, are
pushing growth of the segment.
Based on Distribution Channel, the Hypermarkets & Supermarkets
segment is projected to dominate the market over the forecast period
Supermarket and hypermarket offer wide
range of baby car seat products at attractive discounts and provides multiple
payment options such as debit card, credit card and cash, are propelling
segment’s growth.
Based on Region, the European region is anticipated to hold the highest
market share during the forecast period
Government regulations regarding child
safety, increased adoption of latest technologies by manufacturers, rise in the
launch of innovative products, rapid urbanization, increasing population growth
rates and high per capita incomes, are some of the important factors augmenting
the Baby
Car Seat Market Size in Europe.
Key Development
·
In 2019, UPPAbaby introduced its
first infant car seat in the Europe and the United Kingdom known as “the MESA
i-SIZE” infant car seat. The MESA i-SIZE meets the European car seat
regulations (R129) and is especially designed to easily install with
exceptional feature of removing the guesswork.
Market Segmentation
Segmentation by Product
·
Infant
·
Booster
·
Combination
·
Convertible
Segmentation by Distribution Channel
·
Hypermarkets & Supermarkets
·
Specialty Stores
·
Online
Segmentation by
Region
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
North America
o
United States of America
o
Canada
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
GMI Research is a market research and
consulting firm which provides market insights and intelligence across 12 major
sectors helping our clients in making effective investment and business
decisions.
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