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Baby Cribs Market Size Projected to Reach US$ 4,778 Mn by 2032, expanding at a Healthy 6.50% CAGR over the forecast period (2022-2032), Says FMI
According to the report, rise in birth rates in developing countries and rapidly growing demand for baby safety products drives demand for baby cribs across the globe. The report offers a comprehensive view of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.
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Based on the product type, the convertible is expected to be the most attractive segment in the baby cribs market over the forecast period. Convertible type of baby cribs are mostly preferred by consumers as that are cost effective, high durability, and can be easily detachable bed rails is the primary factor expected to exhibit a significant growth in the global baby cribs market during the forecast period.
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Furthermore, advantages associated with baby cribs such as safety, comfort accommodation, peaceful sleep, and most important consumers are seeking for baby cribs designed that can be expand as the baby grows propel the global baby cribs market for further growth. However, multifunctional baby cribs segment is expected to expand at higher CAGR during the forecast, as these type of baby cribs are designed with all the necessary and improved features such as built-in drawers as well as changing area.
Some of the leading players operating in the baby cribs market are Goodbaby International Holdings Ltd., Delta Enterprise Corp., Silver Cross, Artsana S.p.A., Fisher-Price Inc., Graco, Inc., Arm's Reach Concepts, Inc., Million Dollar Baby Co., Dream On Me, Inc., Storkcraft, Sorelle Furniture, BabyBjorn, Chicco, Natart Juvenile, Inc., Baby's Dream Furniture Inc., East Coast Nursery Ltd., Kolcraft Enterprises Inc., DaVinci Baby, Mamas & Papas, Bababou, Me n Moms, Stokke AS, and others. These manufacturers are investing significantly on research and development activities to achieve various certifications and introduce environmental friendly products to meet growing consumer requirements for sustainable materials such as non-toxic paints used in developing baby cribs.
Moreover, expanding domestic distribution channel, strategic partnership, acquiring small scale companies, innovative marketing strategies, celebrity endowment, and enter into online platform remains the most popular strategy among the prominent players in the market. Companies intend to expand their geographical footprint through collaborating with local players.
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Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai , and has delivery centers in the UK, U.S. and India . FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and��syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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