Key Market Indicators
Sales of baby garments are projected to decline to approximately $39 million by 2028, down from $49 million in 2023. This marks an annual decrease of 3.6% in compound annual growth rate (CAGR). The demand for baby garments has already seen a year-on-year drop of 1.8%. In this market, China, the United Kingdom, and France rank second, third, and fourth, respectively. Similarly, the baby carriages market is expected to shrink to around $12 million by 2028, from $18 million in 2023. This represents an average annual decline of 6.2%. The market has already experienced a year-on-year decline of 6.3%. In this sector, the United States, Germany, and the United Kingdom hold the second, third, and fourth positions, respectively.