Baby Carriers Market to Reach $1.12 Bn, Globally, by 2027 at 4.5% CAGR: Allied Market Research
According to the report, the global baby carriers industry generated $987.2 million in 2019, and is projected to generate $1.12 billion by 2027, witnessing a CAGR of 4.5% from 2021 to 2027.
- According to the report, the global baby carriers industry generated $987.2 million in 2019, and is projected to generate $1.12 billion by 2027, witnessing a CAGR of 4.5% from 2021 to 2027.
- Multiple benefits offered in terms of convenience and ease in use along with cost-effectiveness that presents an alternative for prams and strollers drive the growth of the global baby carriers market.
- However, concerns regarding carrying babies for a longer duration and availability of low quality &counterfeit products hinder the market growth.
- Based on region, North Americaheld the highest market share in terms of revenue in 2019, accounting for nearly two-fifths of the global baby carriers market, and will maintain its dominance by 2027.