Consumer Goods & Retail

Global Child Safety Seat Market

January 3, 2020
ID: SR/CG-06
Format:Pdf
Pages:220

Global Child Safety Seat Market by Product Type (Infant Car Seat, Combination Car Seat, Booster Car Seat, and Convertible Car Seat), By Distribution Channel (Boutique Stores, Specialty Stores, Supermarkets and Online Stores), and By Region (North America, Europe, Asia Pacific, South America, Middle East, and Africa)

Description

Global Child Safety Seat Market Overview:

The global child safety seat market was valued at USD 5477.6 million, and it is expected to reach USD 7770.5 million with a CAGR of 6 % during the forecast period of 2022-2028.

A child safety seat or kids’ car seat is a seat attached to a car seat, provided with restraint equipment for a child, and capable of restraining a child in the event of a car accident to ensure maximum child safety. Child safety seat, also called the child restraint system, is a kind of seat specially designed for children of different ages, installed in the car, which can effectively improve the safety of children. A safety seat is a seat designed for children of different weights (or ages) and installed in a car to protect children effectively. In the case of a car collision or sudden deceleration, it can reduce the impact on children and limit their body movements to minimize their injuries.

The child car seat or baby car seat parts are mainly: seat body, locking device, seat belt buckle, webbing, ISOFIX interface.

Global Child Safety Seat Market Insights

Global Child Safety Seat Market projected to expand with a CAGR over 6.3%, in value terms, over the forecast period 2019-2027, and expected to reach USD 4.05 Billion by 2027. By Volume, Global Child Safety Market anticipated reaching 46,000 thousand units by 2027 with a CAGR of approx. 5.4%. The increasing number of car accidents attributable to the less and improper use of seat belts and car seats is likely to boost the global Child Safety Seat market in the forecast period. Additionally, with the popularization of domestic cars, more and more families are paying attention to travel safety estimated to leads to the growth of the global Child Safety Seat market in the future periods. According to data published by the World Health Organization, by using different types of child safety seats for children aged 0 to 4, their risk of injury will be reduced by 50% to 80%. For children aged 5 to 9, by using a child safety seat chance of injury will be reduced by 50%.

Additionally, the increasing trend of e-retailing and shifting consumer interest towards buying through online retail, especially in the developing and developed countries, projected to add on and drive revenue growth of the global child safety seat market in the forecast periods. Moreover, improving awareness among people regarding road safety, coupled with stringent child safety regulations in developed countries such as the USA and European countries, are vital factors estimated to augment the growth of child safety car seats. According to WHO 2018 report, approximately 1.35 million people die each year as a result of road traffic crashes. Road traffic injuries are the leading cause of death for children and young adults aged 5-29 years.

Growth Driver

Rising urbanization led to changing lifestyle

The surge in disposable income and urbanization could be among influential factors to drive the growth of the global baby car seat market in the coming years. Besides, changing lifestyles and increasing spending on passenger cars has encouraged the adoption of convenience-oriented routines expected to trigger the global child safety seat or kid-safety car seat market. According to the World Bank, by 2050, it is projected that 68% of the world’s population will live in urban areas (an increase from 54% in 2016). In fact, by 2050, there would be very few countries where rural shares expected to be higher than urban.

Increasing government initiatives towards child safety

Various governments from developing and developed countries implemented stringent regulation towards child road safety expected to drive the demand in the global child safety seat market over the predicted period. For instance, in 2019 USA has allowed each state to craft its laws regarding child car seats. The result is varying regulations, which puts the onus on anyone driving with a child as a passenger to know the car seat laws in the states in which they reside or will be traveling in. In China, child safety has improved since 2011, especially after the promulgation of the Confinement System for Child Occupants of Motor Vehicles standard in July 2012, and the sales of child safety seats increased rapidly.

Augmentation in numbers of car accidents

The surge in traffic leads to the increase in car accidents, which in turn raises parent’s concern about their child’s safety likely to propel the growth of the child safety seat market. According to WHO, road traffic injury is the 8th leading cause of death for all age groups. It is also now the leading cause of death for children and young adults between 5-29. Additionally, mounting concerns about child-safety and convenience benefits offered by these seats, such as the ability to carry the baby to any place, will fuel the global child car seat market.

Product Type Segmental Analysis

Based on product type, the global Child Safety Seat Market categorized into Infant Car Seat, Combination Car Seat, Booster Car Seat, and Convertible Car Seat. The Infant Car Seat segment is expected to account for a 35.9% market share in 2018 and projected to generate a revenue of USD 2.14 Billion by 2027 owing to the convenience and design such as double as carriers, chairs, or rockers when not used in the car. Infant seats fit newborns and smaller infants best. The combined car seat segment grows due to its innovative features ensuring more safety and comfort to the babies.

Distribution Channel Segmental Analysis

Based on the distribution channel, the Global Child Safety Seat Market classified into Boutique Stores, Specialty Stores, Supermarkets, and Online Stores. The Boutique Stores segment estimated to exhibit a 23.1% market share in 2018 and anticipated to reach USD 1.61 Billion revenue by 2027 due to rapid urbanization, and growing internet penetration across the globe contributes to the growth of online sales. The online platform helps consumers compare the features, benefits, and prices of distinct brands at the same time. Supermarkets segment will propel based on consumers approaching retail stores for buying products at low prices, owing to various offers & discounts and convenience.

Region Segmental Analysis

Based on geography, the global Child Safety Seat market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America generated 38% market share in 2018 and estimated to generate maximum revenue by 2027 owing to the increasing trend of e-retailing and shifting consumer interest towards buying through online retail, particularly in North American countries such as Canada and the U.S.

Europe will be the fastest-growing region on account of the strict regulation and policies to protect the children from injuries during car accidents.

Competitor Analysis

Companies such as Goodbaby International Holdings, UPPAbaby, Renolux France Industry, RECARO Holding GmbH, Mothercare plc, InfaSecure, Kiwi Baby Babylove, Chicco, Newell Rubbermaid, Britax, and Artsana Group are the key players in the Global Child Safety Seat Market.

Key Stakeholders

Market research and consulting firms
Industry associations
Global Child Safety Seat Manufacturing Companies
Research organizations and consulting companies
Organizations, associations, and alliances related to Child Safety Seat
Regulatory bodies
Suppliers
Retailers

The objective of the Research

Market modeling starts with identifying a target market where historical data exists. A Market can include prediction problems, economic factors, analyzing customer behavior, and identifying new patterns from past events, which helps our client to have deep dive into the market.
Product analysis involves steps such as examining product features, costs, availability, quality, and other aspects. Product analysis is conducted to understand potential buyers and measure competition in the market.
Market Trend and Economic Factors Analysis helps in assessing potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have a major effect on the target market.
Market Segmental Analysis defines in-depth scenario of the target market by the process of grouping consumers into naturally existing created segments of consumers who share similar product preferences or characteristics
The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs wants, and cultural characteristics that can be specifically targeted.

Recent Development

In January 2020, Cybex International launched “SensorSafe” technology-based infant car seats and child convertible car seats in Canada and the United States.
In September 2019, Britax Child Safety Inc., a U.S.-based manufacturer of car seats and child passenger technology leader, launched ‘One4Life’ child safety car seat in the U.S. market to provide maximum safety and comfort to the child during the journey.
In September 2017, AxKid announced to launch of AxKid Minkid Infant, a new baby car seat with side protection, a ventilation system, and pushchair adapters.
In December 2019, Orbit Baby, a vanguard of a modern-day luxury baby stroller industry, has newly returned to the North American market with an all-new leadership team and a collection of updated products developed for safety, style, and premium comfort for babies and parents. The refreshed Orbit Baby Travel Systems line includes the G5 Stoller with patented SmartHub docking technology, the G5 Infant Car Seat with StrongArm technology, and the updated G5 Bassinet.

Scope of the Report

Report Attribute	Details
Market Size Value in 2021	USD 5477.6 million
The revenue forecast in 2028	USD 7770.5 million
Growth Rate	CAGR of 6 % from 2022 to 2028.
Historical data	2017 – 2020
Forecast period	2022 – 2028
Region covered	North America, Europe, Asia-Pacific, South America, and Middle East & Africa
Key companies Profiled	The Companies include Goodbaby International Holdings, UPPAbaby, Renolux France Industry, RECARO Holding GmbH, Mothercare plc InfaSecure, Kiwi Baby Babylove, Chicco, Newell Rubbermaid, Britax, and Artsana Group are key players.

Market Modelling

By Product Type

Infant Car Seat
Combination Car Seat
Booster Car Seat
Convertible Car Seat

By Distribution Channel

Boutique Stores
Specialty Stores
Supermarkets
Online Stores

By Region

North America
Europe
Asia Pacific
South America

Middle East & Africa

Table Of Contents

Methodology

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Frequently Asked Questions (FAQ):

What is a child safety seat?

What affects the most to the child safety seat market?

The scarcity of meat production is the main reason which affects the meat market. The rising income level of consumers and online stores reduces the production of cultured meat. By gaining meat from stores, people are shifted to packaged food.

Which is the prominent market trend in the global child safety seat market?

The increasing government initiatives towards child safety and their guidelines towards the kids is the prominent global child safety seat market.

What are the challenges in the child safety seat market?

The high price of baby car seats is inhibiting the purchase of child safety seats amidst a large stratum of the global population, which is hampering the development of the global child safety seat market.

Which region is expected to have the largest share in the global child safety seat market?

North America is expected to have the largest share in the global child safety seat market.

What is the growth rate of the child safety seat market during the forecast period 2022-2028?

The global child safety seat market was valued at USD 5477.6 million, and it is expected to reach USD 7770.5 million with a CAGR of 6 %during the forecast period of 2022-2028.

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