The kids furniture industry is projected to rise at a moderate CAGR of 4% between 2019 and 2029. A steady rise in the prices of real estate and improved spending potential of buyers remain the primary factors driving sales. Growing need for space efficiency to accommodate more clothes, toys, books, and accessories will be the prominent factor shaping the global kids furniture market. This steady growth outlook can be attributed to associated aesthetics through innovative product designs, reveals Fact.MR in its new study.
“Theme based furniture has been garnering interest of the premium consumer class, which is further set to bring in novel growth opportunities in the kids furniture market. Companies are recently directing notable investments to smart furniture solutions as well,” concludes the Fact.MR report.
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Kids Furniture Market – Key Takeaways