Infant Prams Market Size, Share, Growth, and Industry Analysis, By Type (Full-Size Pram, Travel system, Double Pram) By Downstream Industry (Under 9 Months, 9 to 24 Months, Above 24 Months) and Regional Forecast to 2032.

Updated On: 11 November 2024

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INFANT PRAMS MARKET REPORT OVERVIEW

The Global Infant Prams Market Size was USD 9.76 Bn in 2023 and is projected to touch USD 15.94 Bn by 2032, exhibiting a CAGR of 5.03% during the forecast period.

Due to the increasing emphasis on child safety, urbanization, and disposable income, the market for Infant Prams Market seems to be expanding rapidly over time, as consumers are becoming aware of the benefits of the prams, now they began to look for features such as small folding and adjustable chairs that offers comfort, convenience, and safety. Multipurpose and lightweight designs are some of the examples that are promoting innovation of the product. Big players have also started focusing on making their presence over the internet and product offerings

COVID-19 IMPACT: Disruptions and Shifts in Consumer Behavior Have Impacted the Infant Prams Market: Supply Chain Challenges and E-Commerce Growth

The Global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

Due to production disruption and delays in the supply chain, the COVID-19 pandemic has caused obstacles in the infant industry, where lockdown caused a shift in consumer performance towards online buying, which has increased pram e-commerce scales. Spending on nonessential infant products was cut due to economic uncertainties, which slowed down the market growth. Nonetheless, there was a surge in demand for hygiene, and superior quality quality prams due to growing health concerns.

LATEST TREND

"Scaling Production and Cost Reduction in Lab-Grown Meat"

Lightweight, collapsible, and multipurpose designs are becoming very popular in the infant stroller market due to their convenience in cities. It’s become more and more common to see eco-friendly metals and smart strollers with capabilities like GPS monitoring. The demand for fashionable, customizable strollers is a reflection of consumers for customization. Growth is still growing due to the advancement of commerce.

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INFANT PRAMS MARKET SEGMENTATION

By Type

Based on type the global market can be categorized into Full-Size Prams, Travel systems, Double Prams

• Full-Size Prams: It mainly refers to the full-size panels in the acoustic sandwich panel market providing the highest level of sound insulation for commercial.

• Travel system: It mainly refers to the panels that are popular in the acoustic panel industry, and offer superior sound absorption and vibration damping.

By Downstream Industry

Based on type the global market can be categorized into Under 9 Months, 9 to 24 Months, Above 24 Months

• Under 9 Months: It mainly refers to infants aged below 9 months, prioritizing safety, comfort, and support for newborns and younger babies.

•  9 to 24 Months: It mainly refers to prams designed for toddlers, offering enhanced durability, adjustable seating, and features that accommodate growing children’s mobility and needs.

• Above 24 Months: It mainly refers to the prams designed for older toddlers, featuring robust construction and adjustable features for active children.

DRIVING FACTOR

"Urbanization and Rising Disposable Incomes Fuel Infant Pram Sector Growth"

The Infant Prams Market growth is happening due to the growing urbanization along with the rise in disposable income in the economy. Prams are very affordable and easy to use therefore leading to the great demand as more families have started to relocate to cities. To adopt this hectic lifestyle, where parents are purchasing high-quality, mainly focusing on lightweight, portable, and easy-to-carry products.

"Increasing Safety Awareness and E-Commerce Expansion Boost Pram Demand"

The market is witnessing high growth in the demand for baby strollers which has emphasized the integration of advanced technology such as harnesses and shock-absorbing wheels as in the present day parents become more aware of their kid's safety. Due to the growth of the e-commerce industry, the pram market can penetrate more into the market, which also focuses on sustainability and emphasizes more on getting ecological acceptance.

RESTRAINING FACTORS

"High Costs and Supply Chain Disruptions: Key Restraining Factors in the Infant Prams Sector"

One of the main obstacles for this sector is their high cost, utilization of premium materials, and cutting-edge technology in these prams. Delay in the manufacturing and the supply chain also gets disrupted which also results in a shortage of manpower leading to higher costs. The prams market is further pressured by competition from other baby transport options like strollers and carriers.

OPPORTUNITY

"Expanding Market for Eco-Friendly and Tech-Enhanced Infant Prams"

There is a large market for eco-friendly and technologically advanced strollers due to the growing demand, where customers are now seeking advanced technology constructed from sustainable materials. This trend allows marketers to be creative and tap into a specialized market of tech-savvy and ecological parents. Making these changes might provide you with a competitive advantage.

CHALLENGE

"Challenges in Market Penetration and Awareness"

The market for this baby stroller has faced significant challenges due to the high production cost and increase in the competition, because the premium strollers can be too expensive, and some buyers find it difficult to purchase them leading to a rise in the obstacle for the market to expand. The product’s availability in the market and high cost have resulted the disruption in the supply chain.

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INFANT PRAMS MARKET REGIONAL INSIGHTS

• North America

In North America, the infant pram sector is driven by high disposable incomes and a strong focus on child safety, with significant growth observed in the U.S. The U.S. Infant Prams Market is particularly robust due to increasing demand for premium, feature-rich prams and a growing trend towards online shopping and eco-friendly products.

• Europe

Strong safety requirements and a demand for multipurpose designs impact the infant pram market in Europe. The need for eco-friendly prams is growing due to rising environmental awareness, and trends in urbanization are increasing the need for small, lightweight models. Additionally, prams that combine style and functionality are becoming more and more in demand among European consumers.

• Asia

In Asia, the infant pram sector is expanding rapidly due to increasing urbanization, rising incomes, and growing awareness of child safety. There's a notable demand for affordable, versatile prams that cater to diverse lifestyles across different regions. Additionally, the market is seeing a rise in interest in technologically advanced and stylish prams as consumer preferences evolve and purchasing power increases.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market Through Innovation and Market Expansion"

This market is significantly influenced by key industry players that play a pivotal role in driving market dynamics and shaping consumer preferences. These key players possess extensive retail networks and online platforms, providing consumers with easy access to a wide variety of wardrobe options. Their strong global presence and brand recognition have contributed to increased consumer trust and loyalty, driving product adoption. Moreover, these industry giants continually invest in research and development, introducing innovative designs, materials, and smart features in cloth wardrobes, catering to evolving consumer needs and preferences. The collective efforts of these major players significantly impact the competitive landscape and future trajectory of the market.

LIST OF MARKET PLAYERS PROFILED

• Hangzhou Baosheng Metal Material (China)
• Gilfor International (Spain)
• ZC Machinery (China)
• ABO Sandwich Panels Factory (China)
• Xiamen Thinkrock Lightweight Panels (China)
• Kingspan Group (Ireland)
• Vicoustic (Portugal)
• Shandong Hengzhan Building Materials (China)
• Shanghai Hanyao Color Steel Laminboard Factory (China)
• O-METALL GROUP (Germany)
• Mekpan Panel (Turkey)
• SHAHSAHIB (India)
• FTB (Turkey)
• Teknopanel (Turkey)
• ABO Sandwich Panel Factory (China)

INDUSTRIAL DEVELOPMENT

September 2023: The production facilities of Xiamen Thinkrock Lightweight Panels were extended in response to the increasing demand for eco-friendly, lightweight building materials worldwide. New production lines and state-of-the-art machinery are included in the expansion. By making this change, the business promotes sustainable building methods and strengthens its position in the market.

REPORT COVERAGE

This report has focused on the companies that influence future estimates. It entails thorough market research into crucial topics such as market segmentation, opportunities, and industry advances. The study also investigates the trends, growth patterns, market size, share, and potential restrictions, offering a full picture of the current situation.

This Research provides information related to market development, such as changes taking place among the important players and altering dynamics. This guarantees that the report is authenticated and provides useful insights into both current and future trends.