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Classified in: Covid-19 virus
Subject: MRR

Baby Travel Bags Market to record USD 242.37 Mn incremental growth -- North America to have a significant share


NEW YORK, Sept. 30, 2022 /PRNewswire/ -- The global baby travel bags market is fragmented due to the presence of several established vendors offering a wide range of products. The vendors in the market are incorporating automation in the manufacturing process. They are differentiating themselves in terms of quality, regulatory compliance, and product innovation. However, the price differentiation among vendors is low as the products are made of similar raw materials and designs. Organic growth in the market has a moderate impact on disruption, while inorganic growth is having a low emphasis because of negligible M&A activities. Get deeper insights into the vendor landscape, product launches, and competitive scenario by purchasing our full report. Download PDF Report Sample before purchasing

The global baby travel bags market size is expected to grow by USD 242.37 million between 2021 and 2026. However, the growth momentum is expected to decelerate at a CAGR of 6.2% during the forecast period.

is driven by the changing lifestyles coupled with the rise in single-parent and nuclear families. Baby travel bags have well-organized compartments to store essential baby products such as baby bottles and baby diapers. They are also hassle-free and can be used for other day-to-day purposes. Thus making it convenient and easy for single-parent and nuclear families while traveling. With the rise in the number of nuclear families, in both developed and developing countries, the demand for baby travel bags is expected to increase during the forecast period.

In addition, the introduction of multi-featured baby travel bags is anticipated to further boost the growth of the baby travel bags market. However, the declining birth rate in developed countries will challenge the growth of the market.

Major Baby Travel Bags Companies:

Baby Travel Bags Market Distribution Channel Outlook (Revenue, USD Million, 2021-2026)

The offline segment accounted for maximum sales in the market in 2021. However, the revenue of the offline distribution channel has been declining gradually over the years due to a shift in consumer preference for online shopping. To fuel the sales through offline channels, players are focusing on their store expansion in the local and regional markets.

Baby Travel Bags Market Geography Outlook (Revenue, USD Million, 2021-2026)

North America will dominate the market growth, occupying 36% of the global market share. The regional market is driven by the high spending power of the population and the wide presence of luxury brands across North America. Technavio's sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request Sample Report Here

Related Reports:

Baby Travel Bags Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 6.2%

Market growth 2022-2026

USD 242.37 million

Market structure

Fragmented

YoY growth (%)

7.02

Regional analysis

Europe, North America, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 36%

Key consumer countries

US, China, France, UK, and Germany

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

2 Red Hens Collections, Active Doodie Gear, Albee Baby Carriage Co. Inc., Brainbees Solutions Pvt. Ltd., Britax Child Safety Inc., Carters Inc., Elodie Details AB, Guccio Gucci Spa, hap tim.com Inc., Itzy Ritzy, JuJuBe, OiOi Pty Ltd., Parker Baby Co., Petunia Pickle Bottom, Sanrio Co. Ltd., Storksak Ltd., The ERGObaby Carrier Inc., TOMY International Inc., Wenger SA, and Xiamen Worthfind Imp. and Exp. Co. Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of contents:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by Distribution Channel

6 Customer Landscape

7 Geographic Landscape

8 Drivers, Challenges, and Trends

9 Vendor Landscape

10 Vendor Analysis

11 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

SOURCE Technavio


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News published on 30 september 2022 at 23:15 and distributed by: