Portland, OR, Aug. 25, 2022 (GLOBE NEWSWIRE) — According to a report published by Allied Market Research, the global child safety equipment market generated USD 3.11 billion in 2021 and is estimated to reach USD 6.21 billion by 2031, witnessing a CAGR of 7.2% from 2022 to 2031. The report provides a detailed analysis of changing market trends, key segments, key pockets of investments, value chain, regional landscape, and competitive scenario. The report is a useful source of information for key market players, new entrants, investors and stakeholders in devising future strategies and taking steps to strengthen their market position.
Report coverage and details:
| Report coverage | The details |
| Forecast period | 2022–2031 |
| Base year | 2021 |
| Market size in 2021 | 3.11 billion dollars |
| Market size in 2031 | 6.21 billion dollars |
| CAGR | 7.2% |
| Number of pages in the report | 335 |
| Segments covered | Product type, price range, distribution channel and region |
| leader | Increased need for protection and monitoring of infants |
| Increase in the number of working parents in metropolitan cities | |
| Growth of social media and increased penetration of online retail platforms | |
| Increasing disposable income of consumers | |
| OppORTuNiTy | Technological advances in child safety equipment |
| RESTRICTIONS | The risk associated with using baby safety devices to protect and monitor babies and toddlers |
Get detailed analysis of the impact of COVID-19 on the Child Safety Devices Market @https://www.alliedmarketresearch.com/request-for-customization/21553?reqfor=covid
The Covid-19 scenario:
- The spread of the COVID-19 pandemic led to the closure of manufacturing units, thereby hampering the supply of child safety equipment across the market.
- Companies in the market faced disruptions in supply chain activities and uncertain market conditions due to trade restrictions and blockades.
- Additionally, due to subsequent lockdowns and retail store closures, in-store sales at supermarkets and convenience stores fell sharply.
- However, as the pandemic subsided and the situation improved, governments around the world began to ease norms for the resumption of business activities. Thus, the market is slowly gaining traction.
The report provides a detailed segmentation of the global child safety equipment market based on product type, price range, distribution channel and region. The report provides an analysis of each segment and sub-segment with the help of tables and figures. This analysis helps market players, investors and new entrants in determining the sub-segments that will be used to achieve growth in the coming years.
Based on product type, the baby monitor segment held the largest share in 2021, contributing about two-fifths of the global baby safety equipment market and is likely to maintain its leadership status during the forecast period . However, the smart baby car seat segment is expected to exhibit the highest CAGR of 8.4% from 2022 to 2031. The report also provides an analysis of the smart baby strollers, smoke and carbon detector, pool alarm and others.
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Based on the price range, the economy segment held the largest share of more than three-fourths of the global child safety equipment market in 2021 and is likely to lead the trail during the forecast period. However, the premium segment is expected to manifest the fastest CAGR of 7.4% from 2022 to 2031.
Based on distribution channel, the hypermarkets/supermarkets segment was the largest market in 2021, accounting for more than one-third of the global child safety equipment market and is expected to maintain its dominance during the forecast period. However, the online sales channel segment is estimated to witness the fastest CAGR of 7.6% during the forecast period. The report also discusses specialty and other stores in this category.
Based on region, North America held the largest share in 2021, accounting for nearly one-third of the global child safety equipment market and is likely to show a notable growth in 2031. However, Asia-Pacific is expected to exhibit the fastest CAGR of 7.7% during the forecast period. The research also analyzes regions including Europe and LAMEA.
Key players of the global baby safety devices market analyzed in the research include baby moov group, Baby sense, BT, Munchkin, Inc, Nanit, Owlet Care, Phillips, Safe-o-Kia (Baby Safety Inc.), Summer Infant Inc. and Sunza.
The report analyzes these key players in the global Child Safety Devices market. Players have adopted various strategies such as expansion, new product launches, partnerships and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio and developments by each market player.
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Allied Market Research (AMR) is a full-service market research and business advisory arm of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a dedicated view to provide business insights and consultancy to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.
We are in professional corporate relationship with various companies and this helps us in digging the market data which helps us to generate accurate research data tables and confirms maximum accuracy in our market forecast. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high data quality and help clients in every possible way to achieve success. All the data presented in the reports published by us are extracted through primary interviews with senior officials from the leading companies in the field in question. Our secondary data procurement methodology involves in-depth online and offline research and discussions with knowledgeable industry professionals and analysts.