The baby dryer market is expected to grow from USD 848.221 million in 2025 to USD 1,097.706 million in 2030, at a CAGR of 5.29%.
It is anticipated that demand for products that are practical, simple to use, and ecologically friendly will accelerate market expansion. Since more families now have two incomes, customers have more spending power, and businesses are profiting from services that simplify things. An increase in the Internet of Things followed by the growing demand for smartphones is resulting in the digital paying platform which is further expected to drive the online sales channel, further driving the baby dryer market growth. Online shopping is a convenient option for those who lead busy lives, and it is anticipated to play a significant role during the forecast period.
An increase in the number of working mothers is further said to create favourable conditions for market growth. As the number of parents with two jobs increases globally, parents prefer services and goods that provide convenience and high-quality childcare for young children. In April 2020, the United States Bureau of Labor Statistics published data regarding its statistics on married couple families, of which about 64.2 percent were assessed to be dual-employed parents.
With the use of baby bottle drying racks, kitchen items can be kept clutter-free and in order. Bottle drying racks make it easier to clean bottles, which is necessary for babies' healthy development and growth. Dirty bottles can be cleaned and dried with the help of these baby bottle drying racks, which is also an imperative factor in organizing the counter space for the Kitchen.
Eco-friendly products in recent times have been in wide-scale demand by various consumers and in this regard, the eco-friendly products in the baby market are also in demand where the consumers are shifting their attention and focus towards these products growing rapidly. These environmental products will allow consumers to get preferred solutions for their baby’s needs, such as wipes that are biodegradable and safe for the environment, as well as diapers. These products carrying a low environmental impact will be in demand more by the consumers who would further be less reluctant. This factor is essential as it supports driving the market. The use of environmentally friendly products will be a better choice for the consumers as well as for the environment
The Asia Pacific region is anticipated to grow exponentially during the forecast period market for baby dryers. This is because of the high birth rate the region is witnessing, which efficiently contributed to an increase in the consumption of products. For instance, in January 2020, UNICEF. Org published data regarding the birth of 392,078 babies on 2020 New Year’s Day. According to the same report, India is regarded to be the major and the highest contributor, with 67,385 babies, followed by China, with 46,299 babies.
North America is projected to exhibit substantial growth in the baby dryer market owing to the high spending made by parents on child care. For instance, according to the data published by American Progress. Org in June 2019, 5.1 million families in the United States are estimated to spend an average of USD 250 on child care weekly.
Baby Dryer Market Segmentation: