DUBAI, UAE. 18th September
2019: Baby Safety Locks Market is
expected to display higher growth rate over the upcoming years. Rapid surge in
the market is credited to the growing concerns among parent regarding baby’s
safety and increasing product penetration in global market. In addition, rising
disposable income, increasing awareness level among parents and improved living
standards are expected to drive the growth of the market over the forecast
period. Globally, market is predicted to generate massive revenue over the
forecast period, providing numerous opportunities for industry participants to
invest in research and development of baby safety locks market.
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Increasing efforts by government authorities such as
European Child Safety Alliance to develop product safer for children is
anticipated to boost the growth of baby safety lock market over the forecast
period. Rising awareness level among parents regarding advantages of baby
safety locks and development of innovative product designs are further
propelling market demand over the past few years. Use of baby safety locks in
vehicle doors, and increasing deployment of hidden magnetic cabinet locks are
predicted to fuel market growth over the coming years.
Baby safety lock are termed as a special-purpose lock that
are used for locking cabinets, drawers, bottles, etc. Baby safety locks are
designed such that they prevent children from getting at any dangerous things
or contents. Young children are organically curious in nature to their
surroundings, thus will always explore. However, they are unaware of dangerous
substances or situations, hence the need for safety locks has become utmost
important.
The baby safety locks market is broadly categorized into
major three segments based on the product type such as magnetic cabinet locks,
cord cabinet locks and sliding cabinet locks. Magnetic cabinet locks segment is
growing rapidly in the market with substantial revenue generation in the last
few years.
The baby safety locks industry is divided by region as North
America, Europe, Asia-Pacific, Latin America and Africa. North America has
shown major growth in recent years owing to the rise in implementation of
latest technologies in manufacturing sector, surge in number of research &
development activities and existence of well-established industrial
infrastructure in the region. In European region, Germany, France, and United
Kingdom are projected to witness steady growth.
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Global Baby Safety
Locks market competition by top manufacturers, with production, price, revenue
(value) and market share for each manufacturer; the top players including
• Dreambaby
• KidCo
• Lindam
• Mag Security
• Mommy's Helper
• Munchkin
• Safety First
• Summer Infant
• Tv Guard
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