Global Baby And Child Proofing Products Market To Report Nearly 7% CAGR Between 2016 And 2020
The report, titled “Global Baby And Child Proofing Products Market 2016–2020,” states that the rising number of hotels and resorts providing childproof rooms is likely to boost this market tremendously in the near future. According to the study, the global market is estimated to witness a steady rise at a CAGR of 6.96% during the period from 2016 to 2020.
The research report has examined the global market for baby and child proofing products on the basis of the type of product and the distribution channel. Based on the type of product, the market has been classified into baby proofing gateway products, home locks and latches for baby proofing, and baby and child proofing products for electronics and electrical appliances. The home locks and latches for baby proofing segment has been dominating this market and is expected to continue to lead throughout the forecast period, notes the market study.
By distribution channel, the report has classified the global baby and child proofing products market into drugstores, hypermarkets and supermarkets, pharmacies, specialty stores, and other retailers. Specialty stores have been the preferred destination to buy baby and child proofing products among consumers. Researchers expect the trend to continue in the near future.
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Geographically, the worldwide market for baby and child proofing products has been segmented into Europe, Asia Pacific (APAC), North America, and the Rest of the World (ROW). Analysts predict Europe to surface as the leading contributor to the revenue generated in the overall market over the forecast period. The increasing number of government initiatives for ensuring the safety of the babies and kids is likely to boost this market significantly in the coming years. Apart from this, the Europe market for baby and child proofing products will also gain remarkably from product innovations, and the rise in child births in the near future, reports the research study.
The presence of a large number of players characterizes the business landscape of global market for baby and child proofing products. Currently, the market demonstrates a highly competitive and fragmented structure. With the ongoing entry of new participants, the rivalry between players is likely to soar in the near future, states this report.
Dorel Juvenile, Cardinal Gates, Munchkin, KidCo, and Dreambaby are some of the established vendors of baby and child proofing products across the world. Other prominent market players, mentioned in this study are ClevaMama, Evenflo, Dex Products, KidKusion, North States, Mommy’s Helper, Prince Lionheart, Summer Infant, and Regalo Baby.
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