The global child safety seat market is projected to attain growth with the rising need for ensuring a safe environment for children and infants. Government regulations for child safety, increasing disposable income, and urbanization could be among strong factors helping the market to achieve growth in the coming years. Strategic alliances such as mergers and acquisitions are expected to be some of the go-to tactics adopted by players of child safety seat market. Small players could increase in number as the demand and opportunities in the child safety seat market continue to see a rise.
The global child safety seat market could see a classification as per type of product, where key segments are expected to be convertible, booster, combination, and infant car seats.
Introduction of a wide range of products in colossal markets such as China is anticipated to swell the demand for child safety seat in the immediate future. The world child safety seat market could also attain growth with improving awareness among people regarding road safety. Other factors predicted to set the tone for a valuable growth in the market include strict child safety laws implemented in developed nations of the world. Fatal accident incidences dropped by close to 54-80% in young children and 70% in infants with the usage of child restraint system in cars, according to the findings of the World Health Organization (WHO).
Children below 16 years of age are a group of unintentional death sufferers commonly observed in car accident cases in the U.S. This scenario is not only common in developed countries but also in emerging ones. This could be evident with an estimated 20,000 children under 14 years of age meeting road accidents leading to death in China, according to the country’s Ministry of Communications. Yet, there could be more factors augmenting the demand for child safety seat during the course of the forecast period.
Leading companies such as Babylove, Chicco, Newell Rubbermaid, Britax, and Recaro could make their presence known in the international child safety seat market. The report offers a brilliant explanation of how the competitive landscape could shape between 2017 and 2025, including the competitive nature of the market. Each player profiled in the report is evaluated based on critical factors.
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