Baby Safety Locks Market Analysis, Growth, Share, Industry Trends, Supply Demand, Forecast and Sales to 2023
12 December 2019 - The Global Baby Safety
Lock Market is expected to
display higher growth rate over the upcoming years. Rapid surge in the market
is credited to the growing concerns among parent regarding baby’s safety and
increasing product penetration in global market. In addition, rising disposable
income, increasing awareness level among parents and improved living standards
are expected to drive the growth of the market over the forecast period.
Globally, market is predicted to generate massive revenue over the forecast
period, providing numerous opportunities for industry participants to invest in
research and development of baby safety locks market.
Increasing
efforts by government authorities such as European Child Safety Alliance to
develop product safer for children is anticipated to boost the growth of baby
safety lock market over the forecast period. Rising awareness level among
parents regarding advantages of baby safety locks and development of innovative
product designs are further propelling market demand over the past few years.
Use of baby safety locks in vehicle doors, and increasing deployment of hidden
magnetic cabinet locks are predicted to fuel market growth over the coming
years.
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Baby
safety lock are termed as a special-purpose lock that are used for locking
cabinets, drawers, bottles, etc. Baby safety locks are designed such that they
prevent children from getting at any dangerous things or contents. Young
children are organically curious in nature to their surroundings, thus will
always explore. However, they are unaware of dangerous substances or
situations, hence the need for safety locks has become utmost important.
The
baby safety locks market is broadly categorized into major three segments based
on the product type such as magnetic cabinet locks, cord cabinet locks and
sliding cabinet locks. Magnetic cabinet locks segment is growing rapidly in the
market with substantial revenue generation in the last few years.
The
baby safety locks industry is divided by region as North America, Europe,
Asia-Pacific, Latin America and Africa. North America has shown major growth in
recent years owing to the rise in implementation of latest technologies in
manufacturing sector, surge in number of research & development activities
and existence of well-established industrial infrastructure in the region. In
European region, Germany, France, and United Kingdom are projected to witness
steady growth.
Asia-Pacific
region is estimated to hold a major share in the baby safety locks market with
massive growth in forecast period. Countries such as India, China and Singapore
are leading the Asia-Pacific market with strong economic growth, increasing
product penetration in newer markets, availability of several online as well as
offline distribution channels, and significant investment by leading industry
players considering potential growth opportunities in the region.
The
key players in the baby safety locks market are Dreambaby Group, KidCo, Inc.,
Munchkin, Inc., MAG Security Consulting, Mommy’s Helper, Inc., Safety First
Systems LLC, Summer Infant. Inc., and Argos Co.
Market Segment:
Geographically, this report is segmented
into several key Regions, with production, consumption, revenue (million USD),
market share and growth rate of Baby Safety Locks in these regions, from 2012
to 2023 (forecast), covering
•
North America (United States, Canada and Mexico)
•
Europe (Germany, France, UK, Russia and Italy)
•
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
•
South America (Brazil, Argentina, Columbia)
•
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Global Baby Safety Locks market
competition by top manufacturers, with production, price, revenue (value) and
market share for each manufacturer; the top players including
•
Dreambaby
•
KidCo
•
Lindam
•
Mag Security
•
Mommy's Helper
•
Munchkin
•
Safety First
•
Summer Infant
•
Tv Guard
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