Nursery Furniture - Nigeria | Statista Market Forecast

Revenue in the Nursery Furniture market amounts to US$44.78m in 2024. The market is expected to grow annually by 13.57% (CAGR 2024-2029).
In global comparison, most revenue is generated United States (US$516m in 2024).
In relation to total population figures, per person revenues of US$0.20 are generated in 2024.

Definition:

The Nursery Furniture market includes essential furniture and accessories designed to assist parents and caregivers with the daily care and hygiene of newborns. These products focus on providing convenience, comfort, and efficiency for both the child and the caregiver, covering key activities such as diaper changing and bathing, as well as other early care needs. The target age group for these products is primarily newborns, for whom they are crucial during the first year of life.

Additional Information:

The Nursery Furniture 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.

Baby changing stations (tables or units for changing diapers)
Babycare mats
Baby bathing stations (bath stands and baby tubs)
Potty chairs

Baskets and boxes
Storage units (shelves, cabinets, or dressers)
Baby monitors and electronics
Toys and play equipment
Baby diapers

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.