Dublin, Jan. 03, 2024 (GLOBE NEWSWIRE) -- The "Global Baby Proofing Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2023-2031" report has been added to ResearchAndMarkets.com's offering.
The baby-proofing market is expected to grow at a CAGR of 5.5% during the forecast period of 2023 to 2031.
Geographically, Asia-Pacific is expected to be the fastest-growing region due to factors such as a burgeoning middle-class population, urbanization, increased spending on child safety products, and cultural shifts emphasizing child safety.
Key Market Drivers: Enhancing Child Protection
Underpinning the market's growth is an amplified concern for child safety among caregivers, stimulated by a heightened awareness of accidents within homes and public spaces. As the market progresses through the forecast period, strict regulatory standards and extensive health and parenting programs are expected to further propel demand for baby proofing products.
Product Recalls Impact
Product recalls can have a significant impact on the Baby Proofing Market. While these recalls are essential to ensure the safety of children, they can lead to decreased consumer trust, financial losses for companies, and market instability. One of the primary reasons for product recalls in this market is the discovery of safety defects or non-compliance with regulatory standards. When such issues arise, companies are obligated to recall products to prevent harm to children. While these recalls are necessary, they can result in financial losses due to the costs associated with the recall process, including refunds, replacements, and legal expenses.
Moreover, product recalls can damage a company's reputation, erode consumer trust, and lead to a decline in sales. Consumers may become hesitant to purchase baby-proofing products from the affected brand, leading to a potential loss of market share. To mitigate this restraint, companies need to invest in rigorous quality control and testing processes to ensure the safety and compliance of their products. Additionally, transparent communication and swift response to recalls are essential to maintain consumer confidence in the market.
Rising Market Segments: Guard and Lock, and Commercial Applications
In the product category, while baby monitors currently dominate, guard and lock systems are projected to witness a steep climb in terms of market share and revenue, thanks to growing product awareness. The commercial sector, too, is demonstrating vigorous growth as institutions such as schools and daycare centers place greater emphasis on child safety measures.
Historical & Forecast Period
This study report represents analysis of each segment from 2021 to 2031 considering 2022 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2023 to 2031.
Market Segmentation
Product
- Guard and Lock
- Edge and Corner Guard
- Door and Window Guard
- Electrical Guard
- Others (Refrigerator Latch, etc.)
- Safety Harness
- Gate and Gate Extension
- Door and Stair Gate
- Gate Extension
- Baby Monitor
- Audio Monitor
- Video Monitor
- Others (Door Stopper, Non-slip Mat, Suction Mat, etc.)
End-User
- Residential
- Commercial
Price
- Low
- Medium
- High
Distribution Channel
- Online
- E-commerce Websites
- Company-owned Websites
- Offline
- Specialty Stores
- Multi-branded Stores
- Other Retail Stores
Key Topics Covered:
1. Preface
2. Executive Summary
2.1. Market Snapshot: Global Baby Proofing Market
2.2. Global Baby Proofing Market, By Product, 2022 (US$ Million)
2.3. Global Baby Proofing Market, By End-User, 2022 (US$ Million)
2.4. Global Baby Proofing Market, By Price, 2022 (US$ Million)
2.5. Global Baby Proofing Market, By Distribution Channel, 2022 (US$ Million)
2.6. Global Baby Proofing Market, By Geography, 2022 (US$ Million)
2.7. Attractive Investment Proposition by Geography, 2022
3. Baby Proofing Market: Competitive Analysis
3.1. Market Positioning of Key Baby Proofing Market Vendors
3.2. Strategies Adopted by Baby Proofing Market Vendors
3.3. Key Industry Strategies
3.4. Tier Analysis 2022 Versus 2031
4. Baby Proofing Market: Macro Analysis & Market Dynamics
4.1. Introduction
4.2. Global Baby Proofing Market Value, 2021-2031, (US$ Million)
4.3. Market Dynamics
4.4. Impact Analysis of Drivers and Restraints
4.5. See-Saw Analysis
4.6. Porter's Five Force Model
4.7. PESTEL Analysis
5. Baby Proofing Market: By Product, 2021-2031, USD (Million)
5.1. Market Overview
5.2. Growth & Revenue Analysis: 2022 Versus 2031
5.3. Market Segmentation
6. Baby Proofing Market: By End-User, 2021-2031, USD (Million)
6.1. Market Overview
6.2. Growth & Revenue Analysis: 2022 Versus 2031
6.3. Market Segmentation
7. Baby Proofing Market: By Price, 2021-2031, USD (Million)
7.1. Market Overview
7.2. Growth & Revenue Analysis: 2022 Versus 2031
7.3. Market Segmentation
8. Baby Proofing Market: By Distribution Channel, 2021-2031, USD (Million)
8.1. Market Overview
8.2. Growth & Revenue Analysis: 2022 Versus 2031
8.3. Market Segmentation
9. North America Baby Proofing Market, 2021-2031, USD (Million)
10. UK and European Union Baby Proofing Market, 2021-2031, USD (Million)
11. Asia Pacific Baby Proofing Market, 2021-2031, USD (Million)
12. Latin America Baby Proofing Market, 2021-2031, USD (Million)
13. Middle East and Africa Baby Proofing Market, 2021-2031, USD (Million)
14. Company Profiles
- Safety 1st
- Dreambaby
- KidCo
- Munchkin
- Regalo Baby
- Cardinal Gates
- North States Industries
- Evenflo
- Summer Infant
- Dorel Juvenile Group
For more information about this report visit https://www.researchandmarkets.com/r/2tpmwu
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