Based on the provided data, the Baby Carriages and Baby Carriages Parts market in China is projected to grow steadily from 2024 to 2028. The market size increases from $3.7453 billion in 2024 to $4.526 billion in 2028, representing strong year-on-year growth.
The market in 2023 stood at $3.557 billion as per actual figures. Year-on-year, the market saw percentage increases as follows:- From 2024 to 2025: 5.29%- From 2025 to 2026: 4.98%- From 2026 to 2027: 4.69%- From 2027 to 2028: 4.43%
The 5-year Compound Annual Growth Rate (CAGR) from 2023 to 2028 stands at 4.93%, indicating a consistent and healthy market expansion.
Future trends to watch for:- Increased urbanization and rising disposable incomes may drive higher demand.- Improvement in product innovation and safety standards.- Growth in the e-commerce sector affecting purchase behaviors.- Demographic shifts such as changes in birth rates and family planning policies.
