The baby carriages and baby carriages parts market in Malaysia experienced fluctuations between 2013 and 2023, with a notable peak in 2023 at $31.332 million. While the early years saw some volatility, recent trends indicate a more stable and consistent growth. From 2021 to 2023, the market grew by 3.21% year-on-year, maintaining a positive trajectory. Since 2019, the market has shown a Compound Annual Growth Rate (CAGR) of 3.59%.
Looking ahead from 2024 to 2028, the market is forecasted to grow at a CAGR of 2.37%, reaching an estimated value of $36.419 million by 2028. This signals a steady, albeit slower, growth rate compared to the previous five years.
Future trends to watch for in the Malaysian baby carriages market include:
- Increased demand for multifunctional and safety-focused baby carriages.
- Growing middle-class population driving higher disposable income and expenditure on premium baby products.
- Influence of eco-friendly and sustainable products as consumer preferences shift towards environmentally conscious options.
- Technological advancements in baby carriage design and enhanced online retailing experiences.
