Asia Pacific Kids Storage Furniture Market Size & Outlook
Asia Pacific kids storage furniture market, 2018-2030 (US$M)
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Asia Pacific kids storage furniture market highlights
- The Asia Pacific kids storage furniture market generated a revenue of USD 3,220.4 million in 2023.
- The market is expected to grow at a CAGR of 23% from 2024 to 2030.
- In terms of segment, bookshelves was the largest revenue generating type in 2023.
- Wardrobes is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 3,220.4 million |
| Market revenue in 2030 | USD 13,682.7 million |
| Growth rate | 23% (CAGR from 2023 to 2030) |
| Largest segment | Bookshelves |
| Fastest growing segment | Wardrobes |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Wardrobes, Toy Storage, Bookshelves, Chests, Boxes & Baskets, Hooks & Hangers |
| Key market players worldwide | Williams-Sonoma Inc, Wayfair Inc Class A, Million Dollar Baby, Blu Dot, FirstCry, KidKraft, Crate & Barrel, Casa Kids |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 25.6% of the global kids storage furniture market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 13,682.7 million by 2030.
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Kids Storage Furniture Market Scope
Kids Storage Furniture Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific kids storage furniture market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to kids storage furniture market will help companies and investors design strategic landscapes.
Bookshelves was the largest segment with a revenue share of 31.64% in 2023. Horizon Databook has segmented the Asia Pacific kids storage furniture market based on wardrobes, toy storage, bookshelves, chests, boxes & baskets, hooks & hangers covering the revenue growth of each sub-segment from 2018 to 2030.
Due to the rising demand for home furnishings and higher disposable income, the Asia Pacific region's middle-class population is contributing significantly to the market's growth. For example, according to December 2022 article by Nikkei Inc. from July to September of 2022, Malaysia's gross domestic product increased by 14%. Despite inflation, the economy was supported by a 15% growth in consumption, which makes up over 60% of GDP.
When buying furniture, Asian customers generally prefer local stores. As their incomes rise, however, they prefer to shop at chains that offer consistent quality and a wide selection. In China and Southeast Asia, where a growing middle class drives the demand for home décor, furniture industry competitors are competing for market share. European competitor Inter IKEA Systems B.V. and Japanese furniture store Nitori Holdings have witnessed significant growth in the region.
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Target buyers of Asia Pacific kids storage furniture market databook
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Our clientele includes a mix of kids storage furniture market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific kids storage furniture market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific kids storage furniture market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific kids storage furniture market size, by country, 2018-2030 (US$M)
Asia Pacific Kids Storage Furniture Market Outlook Share, 2023 & 2030 (US$M)
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