Playroom Furniture Market Size & Share, Sector / Industry Report & Analysis, 2019-2025
Trusted Business Insights presents the Latest Study on Playroom Furniture Market 2019-2025. The report contains market predictions related to market size, revenue, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary, and SWOT analysis.
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Abstract, Snapshot, Market Analysis & Market Definition: Global Playroom Furniture Market
The global playroom furniture market size was valued at USD 3.0 billion in 2018. Growing focus on the holistic child development has been acting as a catalyst to the market growth. Increasing requirement for a comfortable and dedicated place for kids to have fun without interfering the rest of the house, along with learning, has grabbed parents, teaches, and caretakers attention.
The need for a properly planned playroom has been concretized with growing awareness about the role playing in the growth of children. It helps in improving the intellectual, physical, and emotional health of the kids. Additionally, toys can create a clutter in the rest of the house if kids do not have dedicated space and organizers for keeping and playing with it.
Most playrooms are designed to include furniture, which are brightly painted to entice the interest of the kids. Playroom furniture is designed to fit in a particular pattern, which should keep the kid interested. Bright colors such as red, green, blue, pink, and violet seem to be preferred more over light pastel colors. A trend for designing this furniture according to certain theme can also be observed in some of the houses.
For instance, the room, along with fixtures, is often designed to look like a railway compartment or a car. This helps in making the kids interested in spending time in that room. Shifting trend towards decorating the room, along with its equipment in the theme of superheroes, has been gaining acceptance among the children.
Over the past few years, the furniture manufacturers have been modifying the designs to make sure that kids find themselves inseparable from these. It has been observed that the prime objective driving the manufacturers towards evolution of the products is safety. Manufacturers are designing these products so that they not only impress the children but are also considered safer to use. Furthermore, these products are unbreakable and lightweight so that the kids are not hurt.
Market Segmentation, Outlook & Viewpoint: Global Playroom Furniture Market
Raw Material Market Segmentation & Outlook (Revenue, USD Million, 2014 – 2025)
Product Market Segmentation & Outlook (Revenue, USD Million, 2014 – 2025)
Application Market Segmentation & Outlook (Revenue, USD Million, 2014 – 2025)
Distribution Channel Market Segmentation & Outlook (Revenue, USD Million, 2014 – 2025)
Hypermarket & Supermarket
Key Players, Recent Developments & Regional Insights: Global Playroom Furniture Market
Chairs contributed more than 30.0% share of the global revenue in 2018. Sitting units in general dominated the number in a playroom. These products are developed from materials including polymer, wood, and metal, which are present in much larger numbers as per their counterparts in pre-nurseries and child day care centers. Kids prefer sitting on these products rather than the floor. Many a times, according to the weather conditions, these can be stuffed with fabric, cotton, and foam for long comfortable sitting hours.
Cabinets are expected to register the fastest CAGR of 5.8% from 2019 to 2025. These products come in myriads of others forms such as drawers, organizers, storage, and display units. Cabinets have become a must to sort the huge clutter of toys in the playroom. A trend of including display units which are higher above the kids reach has also been noticed, which include toys that visually appeal the kid but are fragile for them to play with.
The residential segment contributed a share of more than 60.0% in 2018. Application of playroom furniture is increasing in residences owing to rising awareness among parents regarding understanding the kids needs. The millennials have been continuously addressing the need of their kids for spaces that are dedicated for playing. Further, the urban residential places are mostly too cluttered to have a playground. Therefore, an equipped playroom has been preferred owing to the kids safety inside the house in comparison to the external environment.
The commercial segment is expected to expand at the fastest CAGR of 5.5% from 2019 to 2025. In majority of the developing economies including India, China, and Brazil, it has been observed that the parents are employed and they spend most hours of the day away from their kids. In such situations, the kids are admitted in kindergartens, pre-nursery, and day cares at a very early age. These places are themed and designed differently according to different group of kids and their interests.
Distribution Channel Insights
Hypermarket and supermarket accounted for the largest share of exceeding 50.0% in 2018 as people in developing countries including China, India, and Bangladesh largely rely upon on shopping for these physically. Furthermore, people enjoy shopping in physical stores for instant verification, availability, ease of comparison, and huge reliance. In addition, majority of day care centers, kindergartens, and pre-nurseries prefer signing contracts so that a customized set of the furniture is made available as per the requirements.
Online sales are expected to witness the fastest growth as a result of increasing penetration of smartphone users at a global level who prefer e-commerce portals for any purchases. These channels also provide value-added services including cash-on delivery, discounted prices, and cash-back. Additionally, manufacturers including IKEA have developed their in-house e-commerce platforms in order to extend the playroom furniture market hold through offering products in discounted prices and aftersales support.
North America was the largest market, accounting for 30.8% share of the global revenue in 2018. Increased importance of daycare services in corporate offices of U.S. and Canada as a result of increment in the number of female workforces at a domestic level is expected to promote the utility of playroom furniture among kids over the next few years. Additionally, rising popularity of lightweight materials in the furniture industry of U.S. as a result of shifting consumer inclination towards comfort is expected to open new avenues for the key industry participants.
Asia Pacific is expected to be the fastest growing market, expanding at a CAGR of 6.0% from 2019 to 2025. Manufacturers from India, Japan, and China have been making efficient products with the least expense. Unavailability of playgrounds in these countries owing to a large population has generated a need for the playroom in every house. Moreover, trend of kids getting admitted in pre-nursery, kindergarten, and day care in emerging economies including China and India as a result of expansion in middle-class income groups has increased the demand for these in the cities.
Playroom Furniture Market Share Insights
Some of the key players are American Signature, Ashley Furniture Industries, Berkshire Hathaway Furniture, Herman Miller, HNI, IKEA, Kids Furniture World, Kids Zone Furniture, Rooms To Go, Steelcase, TJX, and Williams-Sonoma. The market is driven by continuous product renovations and inclusion of features that make the product suitable and interesting for kids of different age groups. A class of urban population has been keen on products, which are strong, handy, and luxurious to keep in the playrooms.
Key Insights Covered: Global Playroom Furniture Market
1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Playroom Furniture industry.
2. Global major manufacturers’ operating situation (sales, revenue, growth rate and gross margin) of Playroom Furniture industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Playroom Furniture industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Playroom Furniture industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Playroom Furniture industry.
Research Methodology: Global Playroom Furniture Market
- Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
- Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
- Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other
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