DUBLIN--(BUSINESS WIRE)--The "Baby Strollers Market - Forecasts from 2020 to 2025" report has been added to ResearchAndMarkets.com's offering.
The global baby stroller market was valued at US$3.068 billion in 2019.
The major factor driving the market growth includes the positive growth in live births in various economies of the world coupled with the rising working population which is augmenting the demand for various baby convenience and care products. Furthermore, the rising middle-class population is also one of the key factors bolstering the market growth during the next five years.
The innovations in technology have led to the development of a vast number of multi-functional and customized products that are manufactured to cater to the rising expectations of consumers is also considered to be a key factor driving the baby stroller market growth in the coming years. The market for strollers is also being driven by the fact that these products offer high convenience to the parents despite being highly cost-effective is also amplifying its adoption in both the developed and developing economies of the globe.
The market is also poised to grow on account of the rising traveling trend among the millennial population and baby boomers. This, in turn, is further propelling the growth opportunities for the market to surge in the near future as the booming traveling trend has led to increased adoption of strollers with traveling systems due to the rising demand for easy and painless traveling. Moreover, the positive birth rates, especially in the Asian countries coupled with the increased spending by the parents for the purchase of premium baby products is also boosting its demand across these countries. Also, the compact and stylish designs is further is also positively influencing the demand for strollers.
However, the recent outbreak of the novel coronavirus disease is projected to be a major factor hampering the demand for strollers, especially during the short run. The intense outbreak has led to the implementation of various measures by the WHO such as social distancing and quarantine among others. This, coupled with the temporary halt in the manufacturing activities due to the disruption of manufacturing activities is also considered to negatively impact the growth during the period of the next six to eight months. Also, the ban on travel along with lockdowns in many countries is also projected to hamper the demand for baby strollers, thus inhibiting the market growth to some extent during the short run.
- Growing need for convenience and rising number of women in the workforce is driving demand for baby strollers
- Travel system segment will witness considerable growth
- Offline segment projected to hold a noteworthy share
- North America to hold a notable share
Prominent key market players in the baby stroller market include Astrana USA, Dorel Inc., and Newell Brands among others. These companies hold a noteworthy share in the market on account of their good brand image and product offerings. Major players in the baby stroller market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last two years.
Key Topics Covered
1.1. Market Definition
1.2. Market Segmentation
2. Research Methodology
2.1. Research Data
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. Baby Stroller Market Analysis, By Type
5.2. Standard Stroller
5.3. Lightweight Stroller
5.4. Travel System
6. Baby Stroller Market Analysis, By Distribution Channel
7. Baby Stroller Market Analysis, By Geography
7.2. North America
7.2.1. North America Baby Stroller Market, By Type, 2019 to 2025
7.2.2. North America Baby Stroller Market, By Distribution Channel, 2019 to 2025
7.2.3. By Country
7.3. South America
7.5. Middle East and Africa
7.6. Asia Pacific
8. Competitive Environment and Analysis
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. Company Profiles
9.1. Chicco USA (Artsana USA Inc.)
9.2. Goodbaby International Holdings Ltd.
9.3. Newell Brands
9.4. Dorel Industries Inc.
9.5. Stokke LLC
9.9. Peg Perego
9.10. hauck GmbH & Co. KG
For more information about this report visit https://www.researchandmarkets.com/r/e6ypk