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Technavio’s market research analyst predicts the global baby walkers market to grow at a CAGR of around 3% by 2020. Baby walkers are rapidly gaining popularity due to factors like the rise in middle-class population with high disposable income and an increase in innovative product launches. Additionally, factors such as the populace’s growing preference for eco-friendly baby walkers and the rapid growth of the organized retail sector, which includes the e-commerce sector, will foster the sale of baby walkers until the end of 2020.
In terms of geography, the APAC region is envisaged to dominate the global market for baby walkers during the forecast period. Factors such as the populace’s rising disposable income, growing brand penetration of baby walkers, and a rise in the number of the internet users will result in this market’s growth in APAC during the estimated period.
The sit- in walkers segment, which includes products like traditional baby walkers, musical and lighting baby walkers, and non-musical baby walkers, is the largest revenue contributor to the global baby walkers market. This segment has gained popularity owing to its multi-functionality and the advent of features like push handle, washable seats, and entertainment center.
The chain specialized stores segment is the leading market segment for the sale of baby walkers and is envisaged to account for over half of the total market share by the end of 2015. These stores have traditionally been the principal shopping destination for parents as they offer a broad range of baby products.
The global baby walkers market is characterized by the presence of multiple vendors offering a variety of products. The market is fairly competitive with vendors competing on the basis of product portfolio, brand image, and price. In an attempt to sustain the prevailing competition, the market vendors are focusing on innovative product launches. The market is also witnessing a rise in the influx of private labels, which in turn will foster the level of competition among vendors by the end of 2020. With the increased penetration of international vendors, the regional providers may find it difficult to compete on the basis of product quality, technology, and price.
Key vendors in the market are -
Other prominent vendors in the market include Baby Trend, Brevi, Britax, Combi, Joovy, Mamas and Papas, Mee Mee, Mothercare, VTech, Delta Children, Kidco, HABA, and Kolcraft.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by store format
PART 07: Market segmentation by product
PART 08: Geographical segmentation
PART 09: Key leading countries
PART 10: Market drivers
PART 11: Impact of drivers
PART 12: Market challenges
PART 13: Impact of drivers and challenges
PART 14: Market trends
PART 15: Vendor landscape
PART 16: Key vendor analysis
PART 17: Appendix
PART 18: Explore Technavio
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