The baby carriages and baby carriage parts market in Malaysia has shown an overall upward trend from 2012 to 2022. Significant growth occurred between 2012 and 2015, with an outstanding increase of 47.7% in 2015. Some fluctuations were observed in subsequent years, including minor contractions in 2014, 2016, and 2017. Steady growth resumed from 2018, reaching its peak in 2022 with a market size value of $30.358 million. The market fluctuated modestly in 2020 due to external factors, but a strong recovery followed, culminating in a year-on-year growth of 3.38% in 2022.
Key variations and trends:
- Substantial growth from 2012 to 2015, peaking at a 47.7% increase in 2015.
- Minor contractions in 2014, 2016, and 2017.
- Resumed steady growth from 2018 to 2022, with an average annual growth rate (CAGR) of 4.07% over the last five years.
Future trends to watch for in this market include the development of multifunctional and compact baby carriages, reflecting changing consumer preferences for convenience and space-saving. Additionally, sustainability and eco-friendly materials will likely become more significant as environmental consciousness grows among consumers. Technological integration in baby products, such as smart features for enhanced safety and monitoring, may further influence market dynamics.
