BABY CRIBS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)

Baby Cribs Market Size and Trends

The baby cribs market is estimated to be valued at USD 1.78 Bn in 2024 and is expected to reach USD 2.42 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 4.5% from 2024 to 2031.

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There is an increase in the demand for premium and multifunctional baby cribs globally. Parents are increasingly willing to spend more on high quality and functional baby cribs for ensuring the safety of babies while sleeping. Growing working population and dual income households have increased the demand for space saving and portable cribs that can be transformed into beds, changing tables, and other pieces of nursery furniture. Rising inclination towards novel designs and customized options are further expected to drive the sales of baby cribs over the forecast period. Growing middle class population with higher disposable incomes in developing countries also presents numerous opportunities for manufacturers in the global baby cribs market.

Drivers of the Market:

Rising birth rates

Rising birth rates across the globe are expected to fuel the growth of the baby cribs market in the coming years. According to UNICEF data, around 140 million babies are expected to be born between 2020 and 2025 globally. This steady rise in infant population directly translates to increased demand for baby cribs and related products.  Regions like Asia Pacific and Africa are projected to witness higher birth rates compared to other parts of the world as per the United Nations Population Fund. China alone is likely to see over 15 million births in 2023, making it one of the biggest markets for baby cribs. India too is poised for strong growth prospects led by growing middle class and their higher spending on infant care products. Increased social acceptance of larger family sizes especially in developing nations is a key driver promoting the baby cribs business globally.

On the supply side, manufacturers are innovating continually to make baby cribs more safe, functional, and affordable for new parents. Features like adjustable mattress height, drawer storage, electronic, or vibration assisted crying lullabies are gaining popularity. Portable travel cribs have also emerged as a new product category suitable for young mobile families. Sustainability has become an important value proposition with options for organic fabrics, non-toxic finishing, and easy clean designs. Online sales have presented new opportunities for brands to target expectant couples much ahead of their due date through personalized recommendation engines and social media adverts.

Increasing working parents

The number of working parents globally is on the rise driven by economic factors and more women joining the workforce. As per data by the International Labour Organisation, the participation rate of women in the workforce has increased from around 49% in 1990 to current estimate of over 52%, with many countries reporting even higher figures. As both parents are engaged in work, the demand for baby care products that ensure child safety at home has surged substantially over the past decade.

One such product that has witnessed exponential growth in demand is baby cribs. Baby cribs provide a safe sleeping area for infants and allow parents to focus on other tasks knowing that their child is secure. With the lack of extended family support in many dual income households, baby cribs have become an necessity rather than amenity. Their design features like adjustable sleeping level, safety guard rails, and breathable mesh/wood all contribute towards ensuring children do not fall out of bed or get trapped accidentally.