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Latin America Baby Car Seat Market to grow at 9% CAGR by 2026: Actual Market Research
Jul, 27
2021

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Latin America Baby Car Seat Market to grow at 9% CAGR by 2026: Actual Market Research

 

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The biggest challenge in the region is the acceptance of baby car seats. The parents are less likely to install one or advocate for the same to others. This is the major reason why the market could not succeed to contribute more than 4% of the global market share. However, the increasing urbanization in the region had given a push to the market, resulting in USD 153.16 Million in the year 2015. During the last five years, the child restraint systems have undergone head-on and side-impact tests and the ease of use of these seats has also been improved. This has given rise to an acceptance in the region, expected to allow the market to grow with an anticipated CAGR of 9%. The recent publication by Actual Market Research under the title- Latin America Baby Car Seat Market Outlook, 2026; studies the market value trend for the period of 2015 to 2026, based on product type, sales channel, region, country & companies.

Infants and children in Latin America and the Caribbean are still being put at risk by inadequate Child Restraint Systems. The region has a high dominance of infant baby car seats, which held to almost a share of 30% in the market. When already the use of child restraints is low in the region, the increasing unemployment, and declining birth rate are adding to the misery. Having an advantage of longer usage, the convertible baby car seat segment is to have a high growth rate in the future, while the market is expected to reach a value of USD 63.80 Million.

The increasing unemployment has widened the gap between the unequal distributions of wealth. However, there has been an incline in the organized retail segment, which has made it possible for the hypermarket & supermarket segment to hold more than half of the baby car seat market revenue. Increased preference towards online shopping in the region is to allow the segment to grow over 13% CAGR in the forecasted period. Children's road safety continues to be of great concern in the Latin American region. In fact, among the most common problems is that not enough children are traveling in child restraint systems, the lack of proper controls, and the scarcity of 3-point seat belts and ISOFIX anchorages.

The bigger questions in the region are how to reach those parents who tended not to use child car seats, and how to get them to install and use them properly. Across much of Latin America, it still isn’t the norm to use car seats. Many Hispanics, including many US citizens, believe wrongly that a baby is safest when held in his or her mother’s arms. For those parents who already have seats, the key lay in making them aware of how to check their seats for proper installation, and how to make sure they were using the right seat for the size and age of their children.

The key manufacturers of this industry include Dorel Industries Inc., Goodbaby International Holdings, Graco Children's Products Inc., Mothercare PLC, Car Mate MFG CO. LTD., Britax Child Safety Inc., Diono INC., Infa-Secure Pty Limited, HTS Besafe, Clek INC.