PORTLAND, OR, USA, February 10, 2023 /EINPresswire.com/ — According to a report published by Allied Market Research, the global baby stroller market was valued at $1.9 billion in 2021 and is expected to increase by 2031. that it will reach $1.9 billion. which implies a compound annual growth rate of 5.7% from 2022 to 2031. The report provides an extensive analysis of changing market dynamics, key segments, value chain, competitive scenario and regional landscape. The study provides valuable guidance to leading companies, investors, shareholders and start-ups in developing strategies for sustainable growth and gaining a competitive advantage in the market.
The stroller market offers several opportunities for businesses looking to enter this lucrative industry. Following are some of the major opportunities in the stroller market:
Innovation: There is a constant demand for new and innovative wheelchair designs and features. Companies can meet this demand by introducing new and unique strollers with advanced features such as adjustable handlebars, adjustable seats and compact designs for easy storage.
E-commerce. With the development of e-commerce, there are more and more opportunities for businesses to sell strollers online. This can be done through a company-owned website or through partnerships with e-commerce platforms like Amazon, Walmart, etc.
Growing demand in emerging markets. Demand for baby strollers in emerging markets such as Asia, Africa and South America continues to grow. Companies can tap into this growing market by expanding distribution channels and offering products that meet the unique needs of these markets.
Special strollers. There is a growing demand for specialty strollers such as jogging strollers, twin strollers and wheelchairs. Companies can meet this demand by offering a wide range of specialized wheelchairs to meet a variety of consumer needs.
Sustainable and environmentally friendly strollers: As consumers become more environmentally conscious, there is a growing demand for sustainable and environmentally friendly strollers. Companies can meet this demand by offering strollers that are made using sustainable materials and manufacturing processes.
In addition, important factors influencing the baby stroller market, such as the growing trend of millennials and baby boomers traveling, are expanding the opportunities for easy travel with babies, accelerating the growth of the market. Single-parent families and nuclear families must combine several tasks while caring for a newborn or toddler. Another important factor is the willingness of parents to spend more money on babies. An increase in the number of wheelchairs repaired and rented is expected to further boost the market. Nuclear families and single parents account for nearly a third of the stroller market. Due to fast paced lifestyles, awareness of baby care, etc., consumers are spending more and more on baby strollers and strollers. All of the above factors have increased the market demand for baby strollers.
Depending on age, the 0-6 months segment is the largest contributor to the market and is expected to reach $1,694.9M by 2031 at a CAGR of 6.1% over the forecast period. At this age, parents are more than happy to take their children on trips or excursions. The pram market accounts for almost half of the income of this age group. Parents need a stroller with a seat that can be forward or backward facing.
By distribution channel, the baby stroller market in specialty stores was valued at US$896.3 million in 2021 and is projected to reach US$1,616.4 million by 2031 at a CAGR of 6.0% from 2022 to 2031. One of the key elements of a specialty store is its focus on one category of goods. This gives store owners and staff the opportunity to improve their skills and build a reputation for knowledge and selection of products in the store.
From a regional perspective, North America will have the highest share of the baby stroller market in 2021 and will hold the largest share of the global baby stroller market in 2021, accounting for about 34.7%. Key factors influencing the North American stroller market: changing lifestyles and an increase in the number of single parent and nuclear families. Incomplete and nuclear families must combine many tasks while caring for a newborn or toddler.
Regions include: North America, Europe, Asia Pacific, Oceania, South America, Middle East and Africa.
Country breakdown: USA, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France , Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia, New Zealand, etc.
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Post time: Feb-28-2023