The Global Baby Safety Gadgets Market is Expected to Reach
Portland, OR, Aug. 25, 2022 (GLOBE NEWSWIRE) — According to the report released by Allied Market Research, the Baby Safety Gadgets Market generated $3.11 billion in 2021 and is expected to reach $6.21 billion by 2031, growing at a CAGR of 7.2% from 2022 to 2031. The report offers a detailed analysis of the changing trends in the market, major segments, major investment pockets, value chain and regional landscape. , and competitive scenario. The report is a useful source of information for major market players, new entrants, investors and stakeholders in developing strategies for the future and taking action to strengthen their position in the market.
Report coverage and details:
|Market size in 2021||$3.11 billion|
|Market size in 2031||$6.21 billion|
|Number of pages in the report||335|
|Segments Covered||Product type, price range, distribution channel and region|
|Drivers||Increased infant protection and monitoring needs|
|Increase in the number of working parents in metropolitan cities|
|Increase in social media and increasing penetration of online retail platforms|
|Increased consumer disposable income|
|Opportunities||Technological Advances in Baby Safety Gadgets|
|Constraints||Risk associated with the use of baby safety gadgets to protect and monitor babies and toddlers|
Get Detailed Analysis of Impact of COVID-19 on Baby Safety Gadgets Market @https://www.alliedmarketresearch.com/request-for-customization/21553?reqfor=covid
- The outbreak of the COVID-19 pandemic has caused production units to shut down, hampering the supply of baby safety gadgets in the market.
- Businesses in the market have faced disruptions to supply chain activities and uncertain market conditions due to trade restrictions and lockdowns.
- Additionally, due to the ensuing closures and closings of retail stores, on-site sales at supermarkets and convenience stores have declined significantly.
- However, with the pandemic receding and the situation improving, governments have started easing standards around the world for the resumption of business activities. Thus, the market is slowly gaining ground.
The report offers a detailed segmentation of the global baby safety gadgets market on the basis of product type, price range, distribution channel, and region. The report provides an analysis of each segment and sub-segment using tables and figures. This analysis helps market players, investors, and new entrants determine which sub-segments to rely on to achieve growth in the coming years.
Based on product type, the baby monitor segment held the largest share in 2021, contributing around two-fifths of the global baby safety gadget market, and is expected to maintain its leading status during the period. forecast. However, the smart baby car seat segment is expected to show the highest CAGR of 8.4% from 2022 to 2031. The report also provides analysis of smart baby strollers, smoke and carbon detectors, swimming pool and others.
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Based on the price range, the economy segment held the largest share of more than three quarters of the global baby safety gadgets market in 2021, and is expected to lead the way during the forecast period. However, the premium segment is expected to show the fastest CAGR of 7.4% from 2022 to 2031.
Based on the distribution channel, the hypermarket/supermarket segment was the largest market in 2021, accounting for more than one-third of the global baby safety gadget market and is expected to maintain its dominance during the forecast period. However, the online sales channel segment is estimated to witness the fastest CAGR of 7.6% during the forecast period. The report also discusses specialty stores and others under this category.
Based on region, North America held the largest share in 2021, accounting for almost a third of the global baby safety gadgets market and is expected to show notable growth in 2031. However, Asia- Pacific is expected to post the fastest CAGR of 7.7% over the forecast period. The research also analyzes regions including Europe and LAMEA.
Key players of the global baby safety gadgets market analyzed in the research include baby moov group, Baby sense, BT, Munchkin, Inc, Nanit, Owlet Care, Phillips, Safe-o-Kia (Baby Safety Inc.), Summer Infant Inc, and Sunza.
The report analyzes these key players of the global baby safety gadgets market. The players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments of each market player.
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Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unrivaled quality of “market research reports” and “Business Intelligence solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.
We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. Allied Market Research CEO Pawan Kumar helps inspire and encourage everyone associated with the company to maintain high quality data and help clients in every way possible to achieve success. All data presented in the reports we publish are drawn from primary interviews with senior managers of large companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.