GITNUX MARKETDATA REPORT 2024
Baby Cradle Industry Statistics
The baby cradle industry is expected to continue growing steadily in the upcoming years due to a rising demand for baby products and increasing disposable income.
In this post, we will explore key statistics and insights surrounding the global baby cradle industry. From market sizes and growth projections to consumer preferences and emerging trends, these statistics provide a comprehensive look at the dynamics shaping the baby crib market worldwide.
Statistic 1
"Approximately 47% of parents across the globe prefer wooden baby cribs."
Statistic 2
"The global baby cribs market size was valued at $1.52 billion in 2019."
Statistic 3
"The baby cribs & cots market is expected to grow at a CAGR of more than 5% between 2020 and 2024."
Statistic 4
"China was the largest baby cribs and cots market in 2019."
Statistic 5
"In the US, approximately 19% of baby products sold are nursery items, including cribs."
Statistic 6
"The crib and cradle manufacturing industry in the U.S. only generates around $52 million annually."
Statistic 7
"Non-portable cribs segment led the market with a revenue share of 62.5% in 2019."
Statistic 8
"The global baby cribs market is highly fragmented with numerous small and medium-sized manufacturers."
Statistic 9
"Market leaders in baby cribs industry include Delta Enterprises Corp., Dream On Me, Inc., and Kolcraft Enterprises Inc."
Statistic 10
"In Europe, Germany held the largest share in the baby cribs market in 2019."
Statistic 11
"The round-shaped baby cribs are projected to expand at the fastest CAGR of 5.1% from 2020 to 2027."
Statistic 12
"There's a growing trend of convertible baby cribs to provide longer serviceability."
Statistic 13
"Safety standards have significantly influenced the baby cradle industry, urging manufacturers to adopt better designs."
Statistic 14
"Baby cribs that can be converted into beds are expected to see significant growth over forecast period."
Statistic 15
"The Asia-Pacific region is predicted to see a significant growth rate in baby cradle industry as the region is home to nearly half of the world’s child population."
Statistic 16
"Baby cribs made with eco-friendly materials are becoming increasingly popular."
Statistic 17
"As of 2019, the residential segment led the baby cribs market with a share of 92.6%."
Statistic 18
"Consumers are inclined towards buying high-end products due to increasing disposable income levels, boosting the baby cribs market."
Statistic 19
"Portable cribs are preferred for their convenience and are expected to see significant market growth."