Research and Markets: Global Baby Stroller and Pram Market 2016-2020 - Growing Urbanization is a Major Driver Triggering Growth

January 13, 2016 at 05:43 pm IST

Research and Markets (http://www.researchandmarkets.com/research/phm832/global_baby) has announced the addition of the "Global Baby Stroller and Pram Market 2016-2020" report to their offering.

The research shows that changing lifestyles are a major factor triggering market growth, which has resulted in a projected CAGR of over 5% for the global baby stroller and pram market during the forecast period.

Improved product quality is one of the major trends. According to government rules and regulations, baby strollers and prams have to undergo several quality checks before they are sold in the market. This improves the quality produced by the vendors. Increased demand from developing nations is another major trend. Thus, with the combined effect of drivers and emerging trends, the future of the global baby stroller and pram market looks promising.

According to the report, growing urbanization is one of the major drivers in the market. In the recent past, developing countries have witnessed rapid urbanization, leading to a rise in disposable income and dual earning. This has led to increased spending on baby care products.

Further, the report states that declining birth rates in developed countries are one such challenge. The rise in unemployment in these countries has made people reluctant to start a family, which in turn affects the sales of baby strollers and prams.

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