Global Child Seat Market Report 2022: $2.747 Billion
DUBLIN, Jan. 23, 2023 (GLOBE NEWSWIRE) — The “Global Child Car Seats Market – Forecast from 2022 to 2027” The report has been added to ResearchAndMarkets.com an offer.
The global infant car seat market is expected to reach a market value of US$ 2.747 Billion by 2027 from US$ 1.628 Billion in 2020, at a CAGR of 7.76%
Increasing awareness about infant and child safety among parents is a major driver of the infant car seat market. A growing middle-class population and standards of living, along with increasing urbanization, has led to an increase in car ownership.
As such, people are choosing different types of baby car seats due to the growing concerns regarding the safety and security of babies, which is supported by the increasing affordability. This is driving the growth of the global baby car seat market exponentially.
The increasing number of global car accidents has also increased the demand for child car seats all over the world in order to prevent the risks of any injury in the car. According to data from the World Health Organization (WHO), approximately 1.35 million people die each year due to road traffic accidents.
Road traffic injuries are also the leading cause of death for children and young people between the ages of 5 and 29. Governments and international organizations are also implementing various traffic safety regulations and policy measures that make child car seats mandatory to ensure child safety, thus positively influencing the overall child car seat market.
For example, in all US states it is mandatory to use child safety seats in cars. China’s leading urban center – Shanghai – revised the “Shanghai Minors Protection Regulation” in 2013 and established a mandatory age-appropriate child safety seat for use in private cars for children between the ages of 0 and 4, effective from March 1, 2014.
Manufacturers are investing heavily to incorporate advanced technologies and innovations into car seats to improve overall vehicle safety. Market players are engaging in various growth strategies and diversifying their product portfolio in order to capture larger share, thus driving the growth of the global Baby Car Seats market.
Emerging markets in countries such as Brazil, India and Thailand provide lucrative opportunities for infant car seat manufacturers to expand their customer base. Factors such as increasing awareness of the benefits of child car seats, increasing number of working women, and rising disposable income are expected to spur the growth of the market for child car seats in these emerging markets over the forecast period.
Offline mode dominates the global infant car seat market
By sales channel, the offline segment captured the major market share in 2019 and will remain in position until the end of the forecast period. This dominance is attributed to the availability of a wide range of products in offline stores.
Moreover, customers get accurate details about the different types of baby car seats with detailed instructions on installation and after-sales services from the sales representatives which helps them make better purchasing decisions.
The internet segment will grow at a decent CAGR during the forecast period due to the increasing inclination towards online purchases and the ease and convenience of ordering products through online stores like Amazon.
Europe holds a significant share in the global infant car seat market
Geographically, the global Baby Car Seats market has been segmented as follows: North America, South America, Europe, Middle East & Africa, and Asia Pacific. Due to strict child safety laws and regulations, Europe captured a large market share in 2019.
Countries such as France, Spain, Germany, Italy, Denmark and the Netherlands have made it mandatory to use a car seat for children under 150 cm in height to ensure their safety and protection. As such, this regional market is poised to stay put until the end of the forecast period. The Asia Pacific region is expected to experience a significant CAGR during the forecast period.
Increasing awareness regarding the safety of children while traveling is driving the demand for infant car seats across this region. Supportive government campaigns and policies in countries like China and India are also contributing to the growth of the regional market for infant car seats. For example, the Government of India, in October 2014, mandated every automaker in India to equip their vehicles with the installation of child seats.
competitive insights
One of the leading players in the global infant car seat market is Goodbaby International Holdings Ltd. RECARO Holding GmbH, Mothercare plc, RENOLUX, Newell Brands, InfaSecure, Monahan Products, LLC DBA UPPAbaby, Britax, DIONO, LLC, Dorel Juvenile, Clek Inc.
These companies hold a noteworthy market share due to their good brand image and product offerings. The major players of the global Baby Car Seats market have been covered along with their relative competitive positions and strategies. The report also mentions recent deals and investments by various market players over the past two years.
Company profile
- Evenflo, Inc.
- RECARO Kids SRL
- Mothercare plc
- Renault Lux
- Graco baby products company
- InfaSecure
- UP darling
- Britax
- Diono, LLC
- Durrell Juvenile Group
- Click Company
Main topics covered:
1 Introduction
2. Research methodology
3. Executive summary
3.1. Research highlights
4. Market dynamics
4.1 Market drivers
4.2 Market Restrictions
4.3 Porter’s Five Forces Analysis
4.4 Industry Value Chain Analysis
5. Global Child Car Seat Market Analysis, by Type
5.1 Introduction
5.2 infant car seat
5.3 convertible car seat
5.4. 3 in 1 car seat
5.5 booster car seat
6. Analysis of the global baby car seat market, by sales channel
6.1 Introduction
6.2 connected
6.3 Offline
7. Global Child Car Seat Market Analysis, by Geography
7.1 Introduction
8. Competitive environment and analysis
8.1 Key players and strategy analysis
8.2 Emerging Players and Market Profitability
8.3 Mergers, Acquisitions, Agreements and Collaborations
8.4 Vendor Competitive Matrix
For more information on this report visit https://www.researchandmarkets.com/r/yzh3du
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, major companies, new products and the latest trends.