Technavio, a tech-focused market research firm, has published a new report on the global baby changing stations market, which is expected to grow at a CAGR of close to 4% during the forecast period 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the global baby changing stations market into the following key regions: APAC, Europe, North America, and ROW.
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Top three contributors for the global baby changing stations market are elaborated below:
Baby changing stations market in Europe: The baby changing stations market in Europe is expected to witness saturation over the forecast period. In Russia, however, the market is likely to register considerable growth over the forecast period.
According to Abhay Sinha, a lead analyst at Technavio, “Changing lifestyles, growing number of working women and an increase in a number of women choosing to start a family later in life are the other factors that are positively affecting the baby changing stations market in the region. The growing emphasis on health and hygiene is also likely to impact the market for baby changing stations. The Government of Russia has implemented a policy that supports higher birth rates, which allow people to spend more on their children.”
Baby changing stations market in North America: Baby changing stations are prevalent and common in North America but, the market is expected to experience stagnant growth owing to the low birth rates. It is expected that the increasing R&D funding to make products lighter, smaller, and more functional will contribute to market growth. The US is the major contributor to the North American baby changing stations market. Market growth in the US will be driven by the law passed by the Former President, Obama, which mandates the installation of baby changing stations in men’s restrooms.
Baby changing stations market in APAC: The baby changing stations market in APAC is witnessing strong demand over the past few years because of the high birth rates, the growth in per capita income, and the rise in living standards in the region. APAC is the fastest growing market for infant nutrition, and China is the major country in the region. The growth in working women population and rapid urbanization led to a shift in the adoption of baby changing stations.
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The leading vendors operating in the global baby changing stations market are:
- American Specialties
- Ecolab
- Foundations Worldwide
- GENWEC Washroom Equipment and Company
- Koala Kare
- Lovair
Other prominent vendors in the market include Central Specialties, Continental Commercial Products, Diaper Deck, Jofel USA, Newell Brands, PHS, Progenii, Vectair Systems, Diaper Depot, World Dryer, and Bradley.
A more detailed analysis is available in the Technavio market research report titled, ‘Global Baby Changing Stations Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Automatic Baby Swing Market 2017-2021
- Global Baby Stroller and Pram Market 2017-2021
- Global Baby Cribs and Cots Market 2016-2020
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