Cribs & Beds - Cuba | Statista Market Forecast

Revenue in the Cribs & Beds market amounts to US$4.44m in 2024. The market is expected to grow annually by 13.48% (CAGR 2024-2029).
In global comparison, most revenue is generated United States (US$862m in 2024).
In relation to total population figures, per person revenues of US$0.40 are generated in 2024.

Definition:

The Cribs & Beds market includes a range of sleeping solutions designed specifically for babies and young children, with a focus on comfort, functionality, and adaptability as the child grows. These products play a crucial role in providing a restful and supportive sleeping environment, from the newborn stage through early childhood. The market includes a variety of cribs, beds, and bed frames, catering to different developmental stages and room configurations to meet the evolving needs of growing children./p>

Additional Information:

The Cribs & Beds market consists of revenue and average revenue per capita data. Per capita figures refer to the whole population. This market only includes business-to-consumer (B2C) sales. Business-to-business (B2B) sales (e. g., furniture for coffee shops, offices, etc.) are not included in the figures shown. For more information on the displayed data, click on the info button to the right of each box. In terms of key players in the furniture market, IKEA is the leading furniture company, but, with the rise of e-commerce, players such as Wayfair are gaining ground.

Cribs
Bed frames
Platform, storage, and panel beds

Beds for people aged 14 and older
Strollers and buggies
Waterbeds

Data coverage:

Data encompasses B2C enterprises. Figures are based on home furnishings and furniture found in every room of the home. This market is categorized by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen & Dining room, Outdoor, Home Office, and Baby & Children's Furniture. The Furniture market also includes Lamps and Lighting and Home Décor because the furnishings and accessories within these categories are not specific to any room.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as consumer spending and GDP. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing is well suited for forecasting the Furniture market with a projected steady growth. The main drivers are furniture and furnishings, carpets and other floor coverings, and consumer spending per capita.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.