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Playroom Furniture Market Expanding At A CAGR Of 5.2% From 2019 To 2025

Posted by neha24 on July 20th, 2020

Playroom Furniture Market

The global playroom furniture market size is expected to reach USD 4.3 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.2% over the forecast period. Shifting focus among parents towards the holistic growth of kids through fun is expected to promote the utility of playroom furniture.

The parents are becoming attentive towards giving kids a dedicated place for fun and learning together. The modern home design and layout is further fixated towards decluttering the house. Thus, the designers make it mandatory to focus on playrooms in houses where most kid related stuff can find a place.

Another trend that has been helping the playroom furniture market expansion is play dates organized among the kids. Most parents and child specialists have been focusing on helping kids in the development of their social skills. A well-furnished playroom makes it easier to invite kids to over one place and limit their fun to certain corners of the house.

The industry is expected to witness new product launches over the next few years. In January 2019, Interior Define collaborated with Monica + Andy to launch a kids line of furniture. This furniture are available in the signature pattern of Monica + Andy, which includes Peace, Palm, Blue Stripe, and Gray Stripe to cover the chairs and sofas. Each product has undergone stringent testing to ensure if they are safe for kids. These are made up of high density hypoallergic foam.

These products can be purchased through online channels as well as interior define stores in New York, San Francisco, Chicago, Boston, Los Angeles, Austin, and Texas. Kids wide chairs are available in the range of USD 500 to USD 1300. Similarly, in April 2019, Kathryn Dennis launched kids furniture that are suitable for playroom. The line comprises of 16 pieces that are available in 21 different fabrics. These products will be available in the price range from USD 600 to USD 4500 per piece.

Access Research Report of Playroom Furniture Market https://www.grandviewresearch.com/industry-analysis/playroom-furniture-market

Further key findings from the report suggest:

  • By raw material, the wood segment generated a revenue of USD 1.7 billion in 2018
  • By product, chairs accounted for more than 30.0% share of the global revenue in 2018
  • The residential application segment accounted for more than 60.0% share of the global revenue in 2018
  • Online distribution channel is expected to expand at the fastest CAGR of 5.7% from 2019 to 2025
  • Hypermarket and supermarket distribution channel accounted for more than 50.0% share of the global revenue in 2018.

 

Also See: Playroom Furniture, Furniture Market, Global Revenue, Interior Define, Kids, Furniture, Playroom

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