Baby Car Seat Market Bullish in 2019
by Evan Nasseri Seo ExpertFOR IMMEDIATE RELEASE
(February 18, 2019):
The latest industry market report from MotorComfort indicate that the
baby car seat market is projected to continue thriving from 2019 to
2023, particularly in the developed countries of Europe and the U.S. the
market is projected to prosper on the back of growing concerns among
parents with regard to the safety of their babies. The increases in
sales of automobiles across the world, along with the increasing
purchasing power of consumers to spend on automobiles, are most probably
the main drivers behind the increasing growth in the market.
With
respect to regions, the world’s baby car seat market is fragmented into
Europe, North America, Asia Pacific, Latin America, and Africa. Out of
these regions, the North American market led the way and it is projected
to garner positive compounded annual growth rate (CAGR) from 2018 to
2023. The North American market is booming on the back of strict
government regulations concerning child safety seat. For instance, the
state of California recently passed legislation that makes it mandatory
for all children below 2 years to be buckled up in rear-facing baby car
seats unless the baby’s weight is over 40 pounds or the baby’s height is
above 40 inches tall.
Besides the North American market, The CEO
of Motor Comfort feels that “Europe has seized the second leading share
in the global baby car seat market” It is also expected to witness
bullish growth in the coming five years. Growing concerns about child
safety as well as government regulations in the Euro Zone countries like
the UK are anticipated to drive the demand for baby car seats in the
region. Moreover, the growing population of newborns in the European
continent is expected to further increase the demand for baby car seats
in the region.
On the other hand, the Asia Pacific market is also
estimated to grow at a remarkable CAGR over the next five years. The
market for baby car seats in the region is projected to thrive on the
back of growing disposable incomes and rising awareness about the need
and advantages of baby car seats.
In terms of product type, the rear-facing baby car seat
segment seized the lion’s share of the global market and it is
projected to maintain this momentum over the period from 2018 to 2023.
Automobile manufacturers are looking forward to making baby car seats a
standard feature in passenger vehicles. This factor alone is projected
to positively impact the growth of baby car seat markets around the
world over the period 2019 to 2013.
For more information, please visit https://motorcomfort.com/
Media Contact:
Andrew M.
Address:2957 Hickory Street
Layton, UT 84041
Phone:801-721-4905
Email: contact@motorcomfort.com
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Created on Feb 18th 2019 11:47. Viewed 352 times.