LONDON--(BUSINESS WIRE)--The baby carrier market size is poised to grow at a CAGR of close to 5% during the period 2020-2024, according to the latest market research report by Technavio. Request a free sample report
The safety and comfort of infants and babies is a major parental concern while traveling. Thus, vendors are focusing on offering advanced, innovative, and useful child-care products. There is a growing demand for ergonomic baby carriers that facilitate multiple carry positions such as hip carry, front-carry (facing in), front-carry (facing out), and back carry. Other additional features include easy fold and carry options, storage space pouches, and easy infant insert options. Such innovative features of baby carriers will significantly propel the baby carrier market's growth during the forecast period.
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As per Technavio, the increase in demand for eco-friendly baby carrier will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2020-2024.
Baby Carrier Market: Increase in Demand for Eco-Friendly Baby Carriers
Parents of newborns are becoming more cautious with respect to the products used in baby products. This is due to concerns regarding the toxic effects of chemicals used while manufacturing baby carriers, and their reusability. This has led to the development of eco-friendly baby carriers that adhere to safety standards and cater to the demands of environmentally conscious customers. For instance, Ergobaby offers eco-friendly baby carriers that are made using organic cotton. The growing popularity of eco-friendly baby products such as baby carriers will propel the growth of the market during the forecast period.
“Other factors such as the emergence of innovative baby carriers, and growing adoption of distribution channel expansion strategies by vendors will have a significant impact on the growth of the baby carrier market value during the forecast period,” says a senior analyst at Technavio.
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Baby Carrier Market: Segmentation Analysis
This market research report segments the baby carrier market by product (buckled baby carrier, baby wrap carrier, and baby sling carrier), distribution channel (offline and online) and geography (APAC, North America, Europe, South America, and MEA).
The European region led the market in 2019, followed by North America, APAC, South America, and MEA respectively. However, during the forecast period, the APAC region is expected to register the highest incremental growth due to several factors such as the rapid urbanization, changes in lifestyle, rising number of dual-income households, and the increasing number of nuclear families in the region.
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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