Australia Kids Storage Furniture Market Size, Share, and COVID-19 Impact Analysis, By Type (Wardrobes, Toy Storage, Bookshelves, Chests, Boxes & Baskets, and Hooks & Hangers), By Material (Wood, Metal, and Plastic), By Distribution Channel (Online and Offline), and Australia Kids Storage Furniture Market Insights, Industry Trend, Forecasts to 2033

Australia Kids Storage Furniture Market Insights Forecasts to 2033

• The Australia Kids Storage Furniture Market Size was valued at USD 303.5 Million in 2023.
• The Market is Growing at a CAGR of 23.1% from 2023 to 2033
• The Australia Kids Storage Furniture Market Size is Expected to Reach USD 2424.8 Million by 2033

The Australia Kids Storage Furniture Market is Anticipated to Reach USD 2424.8 Million by 2033, growing at a CAGR of 23.1% from 2023 to 2033.

Market Overview

The Australia kids storage furniture market comprises a range of furniture products designed to assist in organizing and storing children's items, including toys, clothing, books, and other personal effects, and also to create a functional and attractive space. The storage products are specifically designed to suit the needs of children, typically in bright colors, playful designs, and child-friendly functionality. Producers are developing innovative and versatile storage furniture that meets the distinct demands of developing children. Some of these include modular shelving units, storage systems for beds, and toy organizers that merge aesthetics with functionality. The possibilities in this segment are in presenting personalized furniture options, leveraging sustainable materials, and integrating smart features such as embedded lighting or charging points. Also, eco-friendly and non-toxic furniture is increasingly popular as parents are becoming more aware of the products they use for their children's rooms.

Report Coverage

This research report categorizes the market for the Australia kids storage furniture market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Australia kids storage furniture market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Australia kids storage furniture market.

Driving Factors

The growing focus on space-efficient design in smaller home settings, especially in urban locales, is driving demand for minimal and multi-use storage solutions. Additionally, the growing preference of the significance of establishing systematic, uncluttered living spaces for childhood development has elevated functional storage as a key aspect of children's bedrooms. Also, the improvement in disposable incomes and a taste for high-quality, bespoke furniture choices are aiding market growth.

Restraining Factors

The presence of low-cost, mass-produced furniture from overseas markets can pressure local manufacturers, as it becomes challenging for them to match prices.

Market Segmentation

The Australia kids storage furniture market share is classified into chip type, material, and distribution channel.

• The bookshelves segment accounted for a significant revenue share in 2023 and is expected to grow at a substantial CAGR during the forecast period.

The Australia kids storage furniture market is segmented by type into wardrobes, toy storage, bookshelves, chests, boxes & baskets, and hooks & hangers. Among these, the bookshelves segment accounted for a significant revenue share in 2023 and is expected to grow at a substantial CAGR during the forecast period. The segment growth is driven because bookshelves are normally designed to store books systematically. Bookshelves provides various benefits like adjustable, ample space, and effective organization.

• The wood segment accounted for a leading market share in 2023 and is expected to grow at a remarkable CAGR during the forecast period.

The Australia kids storage furniture market is segmented by material into wood, metal, and plastic. Among these, the wood segment accounted for a leading market share in 2023 and is expected to grow at a remarkable CAGR during the forecast period. The growth in segment is driven due to wooden children's furniture is the best choice due to its longevity, able to withstand years of usage as kids grow up. While plywood or particle board, breaks easily, quality furniture is designed to last and will not need to be replaced during the child's developmental years.

• The offline segment accounted for the highest market share in 2023 and is expected to grow at a significant CAGR during the forecast period.

The Australia kids storage furniture market is segmented by distribution channel into online and offline. Among these, the offline segment accounted for the highest market share in 2023 and is expected to grow at a significant CAGR during the forecast period. Offline furniture buying caters to customer demands like customized pre-purchase information, installation assistance, and same-day delivery.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Australia kids storage furniture market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Million Dollar Baby Co.
• Williams Sonoma, Inc.
• KidKraft
• Delta Children's Products Corp.
• Crate and Barrel
• Circu Magical Furniture
• Casa Kids
• Rooms To Go
• Hi-Interiors SRL
• Koala
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In March 2023, Koala, an Australian brand recognized for the first 'mattresses in a box,' gained prominence. In their latest collection launched, Koala shifted its focus from adult mattresses to children's furniture.

Market Segment

This study forecasts revenue at Australia, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Australia kids storage furniture market based on the below-mentioned segments:

Australia Kids Storage Furniture Market, By Type

• Wardrobes
• Toy Storage
• Bookshelves
• Chests
• Boxes & Baskets
• Hooks & Hangers

Australia Kids Storage Furniture Market, By Material

• Wood
• Metal
• Plastic

Australia Kids Storage Furniture Market, By Distribution Channel

• Online
• Offline