Latin America Kids Storage Furniture Market Size & Outlook
Latin America kids storage furniture market, 2018-2030 (US$M)
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Latin America kids storage furniture market highlights
- The Latin America kids storage furniture market generated a revenue of USD 1,175.5 million in 2023.
- The market is expected to grow at a CAGR of 21.4% 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, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 1,175.5 million |
| Market revenue in 2030 | USD 4,557.7 million |
| Growth rate | 21.4% (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, Latin America region accounted for 9.3% 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 |
|---|
Latin America 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 30.42% in 2023. Horizon Databook has segmented the Latin America 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.
In Central & South America, there is a growing trend among consumers to prioritize home renovations, leading to increased expenditures on furniture. Unlike the age-old perception of furniture and home interiors as long-term investments, there is now a prevalent inclination to replace these products every few years.
This shift in consumer behavior is expected to drive the growth of the kids storage furniture market in the region. The popularity of wooden furniture in the region is primarily attributed to the easy availability of wood and the cost-effectiveness of reforestation. In addition, the rising demand for aesthetically appealing kids storage furniture has fueled the use of wood in the industry.
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Target buyers of Latin America 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 Latin America kids storage furniture market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America kids storage furniture market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America kids storage furniture market size, by country, 2018-2030 (US$M)
Latin America Kids Storage Furniture Market Outlook Share, 2023 & 2030 (US$M)
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