Market Highlights
Furthermore, increasing safety standards by regulating authorities are driving major manufacturers to introduce products with advanced safety features. Along with this, the increasing technological developments in the market are helping the growth of the market.
The lockdown in various countries across the globe is also affecting the production capacity of the baby cradle manufacturing companies. Manufacturers in the industry are also facing production problems as they must either shut down production to ease employee concerns or are run production under-staffed. Procurement of ingredients has also become a major concern for the manufacturers. The company’s contract manufacturer that produces the baby cradle had to close the production facility in response to the ongoing disease outbreak, which has affected both the manufacturing and shipping of the baby cradles. This is further hampering the demand-supply of baby cradles.
The global Baby Cradle Market is projected to be valued at USD 2,132.3 million by 2028, recording a CAGR of 4.95% during the forecast period. Good sleep plays an important role in the emotional and physical and well-being of infants and young children. It is a very vital developmental process, specifically in the first two years and helps in, improving learning, promoting growth and increasing the attention span of babies. Owing to this, there is a noteworthy growth in the demand for baby cradles across the globe. Baby cradles are small beds designed for keeping infants and young children comfortable and for protecting them from falling on the ground. They also help in creating a peaceful sleep environment. The increasing number of nuclear families is affecting the sales of baby cradles globally.
With countries across the world, locking down their borders, there have been minimum export-import movements, which has profoundly impacted the growth of the overall baby cradle industry. Measures to contain COVID-19 have led to multiple productions and transport disruptions in China, where much of the global supply of ingredients originates. All this has severely affected the supply chain of baby cradle market at a global level.
Market Research Future has recognized the following companies as the key baby cradle market players are Artsana S.p.A. (Italy), Babybjörn AB (Sweden), Delta Children's Products Corp. (New York), Dream On Me (New Jersey), East Coast Nursery Ltd (UK), Goodbaby International Holdings Limited (China), Kolcraft Enterprises Inc (US), Silver Cross (UK), Natart Juvenile, Inc. (Canada), and Stork Craft Manufacturing Inc (US).
Regional Analysis
Geographically, the global baby cradle market has been categorized as North America, Europe, Asia-Pacific, South America, and Middle East & Africa. As per MRFR analysis, Asia-Pacific constituted a dominant share of baby cradle market in 2020. And North America is expected to grow with the highest CAGR during the forecast period.
Segmental Analysis
The global baby cradle market has been segmented based on product type, material type, shape, category, distribution channel, and region.
By product type, the global baby cradle market has been segmented into hammock cradle and rocking cradle. The rocking cradle segment holds the largest market share in global baby cradle market for the year 2020. The segment is also expected to grow at a high rate due to the convenience offered by rocking cradles.
Based on material type, the global baby cradle market has been segmented into fabric, wood, and metal. The metal segment holds the largest market share in global baby cradle market for the year 2020. However, wood segment is expected to experience the highest CAGR during the forecast period. Wood cradles look more elegant and esthetics. Consumers these days are increasingly inclining towards the look and premium products. Owing to which the market for wood segment is expected to experience the fastest growth during the forecast period.
By shape, the global baby cradle market has been segmented as rectangular, round, and oval. The rectangular segment holds the largest market share in global baby cradle market for the year 2020. However, oval segment is expected to experience the fastest growth during the forecast period.
By category, the global baby cradle market has been segmented as manual and electric. The manual segment holds the largest market share in global baby cradle market for the year 2020. However, the electric segment is expected to experience the fastest growth during the forecast period owing to the numerous features offered by the electric cradle.
By distribution channel, the global baby cradle market has been segmented as store-based and non-store-based. Store-based distribution channels include supermarkets & hypermarkets, convenience stores, specialty stores, and others. The non-store-based segment is expected to register the highest CAGR in the global baby cradle market for the year 2020. Manufacturers of baby cradle are inclined towards non-store-based distribution channels for the extensive sales of their products. Owing to the COVID-19 there has been lockdown in the majority of the countries and has resulted in the forced closure of retail stores. Companies are opting for online distribution platforms as they need to extend their consumer reach, considering the present situation. Also, consumers have access to a wide variety of products in terms of several offers.
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