Research Nester recently published a report titled “Global Child Safety Seat Market: Outlook, Industry Analysis & Opportunity Evaluation – 2018-2025” that delivers detailed overview of the global child safety seat market in terms of market segmentation by product, distribution channel and by regions.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The child safety seat are installed in cars for protecting the baby's head from bouncing forward in case of an accident or sudden braking. Rising initiatives of government of several countries such as Canada to encourage safety regulations for babies is estimated to drive the market growth during the forecast period.
Further, increasing consumer consciousness for child safety and rising disposable income in developing countries is projected to enhance the procurement of the safety seats in forthcoming years. Availability of good quality child safety seats at an economical price through various online channels is anticipated to impact the market growth positively over the forecast period. Also, the increasing adoption of online platforms such as mobile applications allows the consumer to choose safety seat based on their requirement through various online retailers. This, in turn, will boost the market growth over the forecast period.
Emerging economies such as India and China are experiencing extremely high demand for child safety seat with increasing awareness among the consumers. Additionally, with increasing birth rates in countries such as Japan, the demand for the safety seats are projected to increase over the forecast period. Further, in various developed countries such as U.S., UK and Germany, there is a steady demand for child safety seats and is expected to continue at a constant pace in the future as well.
Based on product, infant car seat segment is anticipated to contribute majorly to the market growth over the forecast period. This is attributed to the capability of these seat in comfortably moving in and out of baby. Further, infant carriers includes a carrying handle with pillows as head huggers which manages new-born baby head by avoiding any collision traveling in the car. These factors are also projected to drive child safety market growth over the forecast period.
In Europe region, the demand for child safety seat across Germany is anticipated to increase at a significant rate owing to the increasing birth rates across the country. The birth rate of women in the country increased from 1.43 to 1.46 in 2016 it is an increase fifth consecutive. Furthermore, increasing government regulations towards child safety is also estimated to fuel the market growth over the forecast period.
According to German law, children under 12 years of age and are less than 1.5 metres are mandated to ride in a permitted car seat or booster seat. Children under three years of age are not allowed to travel in a moving vehicle without a suitable car seat in the country.
Europe is predicted to witness steady market growth and reach USD 1,710.6 Million in terms of revenue by the end of 2027, while growing at a CAGR of 5.2% over the forecast period. However, in the UK the child safety seat market is estimated to display a steady growth rate during the forthcoming years, owing to increasing number of accidents and injuries of children and rising stringent government regulations in the country.
However, the growth of child safety seat market despite having exceptional qualities of providing benefits to babies is likely to suffer from some disadvantages. Declining birth rates in the developed region is estimated to play as a key factor in limiting the growth of global child safety seat market over the forecast year. The birth rates in the U.S. are falling down every consecutive year bringing the number of people born in the country to its lowermost level in 32 years. Additionally, high priced baby car seats are refraining the global population from procuring them and becoming another key factor for hampering the development of the global child safety seat market.
This report also provides the existing competitive scenario of some of the key players of the child safety seat market which includes company profiling of Artsana S.p.a, Britax, Dorel Juvenile Group, Britax, Diono Inc, Graco Childrens Products Inc and Combi. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global child safety seat market that will help industry consultants, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
