PORTLAND, OR, USA, March 25, 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 by 2031 it will be worth $1.9 billion. it is expected to 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.
Sales of jogging strollers and wheelchairs are expected to rise from the previous year as fitness culture takes off and parks, malls and various tourist attractions reopen around the world. This can be a very convenient solution for parents looking for a durable and reliable option to meet the demands of their busy lives.
CXO also added that demand for strollers is expected not only in developed countries such as the US, Canada and Mexico, but also in some European countries. This is due to the significant influence of the millennial demographic on the on-demand economy, which is expected to drive the spread of e-commerce in the baby stroller market.
According to a report released by Allied Market Research, the global baby stroller market will reach $1.9 billion in 2021 and is expected to reach $3.4 billion by 2031, with a compound annual growth rate of 5.7% over the period. 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 Asia Pacific market is expected to grow at the fastest pace during the forecast period due to urbanization, rising consumer living standards, and growing demand for high-quality baby products. In addition, the economies of China, South Korea, Japan and India are expected to continue to grow, opening up many opportunities for expansion.
Baby boomers are becoming more and more interested in strollers. Despite its popularity, pushchair design has reached a new level in recent years. The main purpose of the stroller is to simplify the upbringing of children. Strollers come in different sizes and for different purposes, depending on the age and needs of toddlers, as well as consumer needs, including lifestyle needs. Factors Affecting the Baby Stroller Market Important variables such as the growing trend of the baby stroller market among millennials and baby boomers are expanding opportunities for easy travel with babies, accelerating the pace of market growth.
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The study provides a comprehensive segmentation of the global baby stroller market based on product type, age, distribution method, and geographic region. Using tables and figures, this article provides a detailed description of the segment and its sub-segments. Market participants and investors can plan their strategies based on the fastest growing and most profitable segments identified in the study.
In terms of product type, the baby stroller segment accounted for over one-third of the global stroller market in 2021 and is expected to remain dominant during the forecast period. Moreover, the same segment is expected to grow by an average of 5.8% per year from 2022 to 2031. The study also mentioned the sectors of full-size strollers, jogging strollers and twin strollers.
In terms of age, the 6-12 month segment will have the largest market share in 2021, accounting for almost half of the global stroller market. This segment is expected to continue to dominate the market in terms of revenue during the forecast period. Moreover, this same segment is also expected to post the highest CAGR of 6.1% from 2022 to 2031. The study also examined time periods such as 6 months and 12-36 months.
The specialty store category accounts for more than two-fifths of the global stroller market, accounts for the largest share in 2021, and is expected to maintain its dominant position during the forecast period. Moreover, the same segment is expected to develop at the highest CAGR of 6.0% during the forecast period.
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By region, North America will hold the largest share in 2021, accounting for more than one-third of the total stroller market share, and is expected to maintain its dominant position in terms of revenue until 2031. However, the Asia-Pacific region is forecast to have the fastest CAGR of 6.9% over the forecast period. The study also analyzes regions including Europe and LAMEA.
Key players in the global baby stroller market analyzed in the study include Artsana Group, Baby Bunting, Britax Excelsior Limited, Dorel Juvenile, Goodbaby International, Newell Brand, Peg Perego SpA, Pigeon Corporation, Mothercare, Summer Infant, Inc.
The report provides detailed analysis of these key players in the global Baby Strollers market. These players have adopted various strategies such as new product launches, cooperation, expansion, joint ventures, agreements, etc. to increase their market share and maintain their dominance in different regions. The report is valuable because it highlights the business performance of market participants, operating segments, product portfolio and strategic initiatives to present a competitive scenario.
Plant Based Baby Care Market: https://www.alliedmarketresearch.com/plant-based-baby-care-products-market-A14463 US Infant Formula Market: https://www.alliedmarketresearch.com/us – baby-infant-formula-market-A10849 Baby care market: https://www.alliedmarketresearch.com/baby-care-products-market-A16900 About us
Allied Market Research (AMR) is a full-service market research and business advisory division of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides unrivaled market research reports and business intelligence solutions to global corporations and small and medium enterprises. AMR provides targeted business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market segments.
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Post time: Apr-03-2023