From 2013 to 2023, the Baby Carriages and Baby Carriages Parts market size value per capita in Luxembourg experienced a consistent decline from $5.11 to $2.03. Each year showed a decreasing trend, with the most significant drop occurring between 2014 and 2015. Over the past two years, the market decreased by 16.46%. The Compound Annual Growth Rate (CAGR) over the last five years is approximately -4.26%, indicating a steady decline in consumer spending on these products.
Future trends to watch for:
- Rising interest in second-hand and rental baby carriages due to environmental and economic factors.
- Potential recovery fueled by increasing birth rates or consumer confidence might stabilize the market moderated by innovative product features.
- The evolving e-commerce landscape could alter purchasing behavior, impacting traditional retail spaces.
