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Online Baby Products Retailing Market Market size is set to grow by USD 17.33 billion from 2023-2027, Competitive pricing and discounts on baby products boost the market, Technavio

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NEW YORK, July 18, 2024 /PRNewswire/ — The global online baby products retailing market market size is estimated to grow by USD 17.33 billion from 2023-2027, according to Technavio. The market is estimated to grow at a CAGR of  11%  during the forecast period. Competitive pricing and discounts on baby products is driving market growth, with a trend towards growing omnichannel retailing. However, availability of counterfeit baby products  poses a challenge. Key market players include Alibaba Group Holding Ltd., Amazon.com Inc., Baby Earth, Babydash Sdn Bhd, Babyshop Group, Bed Bath and Beyond Inc., Best Buy Co. Inc., Brainbees Solutions Pvt. Ltd., DRESS CODE, eBay Inc., J Sainsbury plc, Kidsroom, Mumzworld.com, Otway Technology Pty Ltd., Pupsik Studio LLP, Qurate Retail Inc., Rakuten Group Inc., Saks Direct Inc., The Walt Disney Co., and Tru Kids Brand.

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Online Baby Products Retailing Market Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017 – 2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 11%

Market growth 2023-2027

USD 17.33 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

10.55

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 40%

Key countries

US, Japan, Germany, UK, and France

Key companies profiled

Alibaba Group Holding Ltd., Amazon.com Inc., Baby Earth, Babydash Sdn Bhd, Babyshop Group, Bed Bath and Beyond Inc., Best Buy Co. Inc., Brainbees Solutions Pvt. Ltd., DRESS CODE, eBay Inc., J Sainsbury plc, Kidsroom, Mumzworld.com, Otway Technology Pty Ltd., Pupsik Studio LLP, Qurate Retail Inc., Rakuten Group Inc., Saks Direct Inc., The Walt Disney Co., and Tru Kids Brand

Market Driver

In today’s digital age, consumers conduct thorough online research before making purchases, enabling them to compare features, brands, and prices. Leading baby product brands are responding by enhancing sales experiences through improved account and supply chain management, as well as informative and interactive websites. Online retailers like Amazon, Alibaba.com, and Flipkart offer features for product comparison based on price, popularity, and customer reviews. Players are expanding distribution channels to cater to diverse customer segments, resulting in the rise of omnichannel retailing. This seamless integration of physical and digital shopping experiences is a significant factor driving the growing demand for online baby product retailing. The global market for online baby product retailing is anticipated to expand during the forecast period due to the increasing popularity of this shopping method. 

The online baby products market is booming with trends like exclusive deals, coupons, and promotions attracting wealthy millennial parents. Brick-and-mortar stores face competition as parents prefer quick delivery and after-sales assistance from retailers. Baby clothing, shoes, furniture, accessories, strollers, car seats, and digital products are popular categories. Lower costs and sales experiences are key factors driving internet buying. Major companies offer eco-friendly and ethically sourced products. Industry players use e-commerce platforms, augmented reality tools, AI-driven recommendations, and subscription boxes to enhance sales. Parents voice opinions and read reviews before purchasing pricings. Competitive scenario includes major industry players, payment service providers, and delivery choices. Digital channels like websites and mobile applications cater to various client categories, offering food, toys, clothes, diapers, and more. 

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Market Challenges

The online baby products retailing market faces challenges due to the prevalence of counterfeit items. These products, which are fraudulently produced and misrepresented as popular brands, negatively impact both the profitability and reputation of authentic vendors. Consumers are attracted to their lower prices, but their use can undermine confidence in the market. The lack of effective authentication processes in some regions, particularly in developing countries like China, exacerbates this issue. This situation may hinder the growth of the global online baby products retailing market during the forecast period.The online baby products retailing market is booming with the rise of wealthy millennial parents opting for convenience and quick delivery. Retailers offer exclusive deals, coupons, and promotions to attract clients, creating a competitive scenario. Brick-and-mortar stores face challenges as parents increasingly turn to internet buying for baby clothing, shoes, furniture, accessories, strollers, car seats, and more. Major companies provide sales experiences tailored to client categories, with e-commerce platforms offering delivery choices and major digital channels like websites and mobile applications. Pricing remains a significant factor, with retailers striving for lower costs. Industry players leverage voice opinions and reviews to build trust, while offering eco-friendly and ethically sourced products. Augmented reality tools, AI-driven recommendations, subscription boxes, and payment service providers enhance the shopping experience. Competition comes from major industry players, and digital products like food, toys, clothes, diapers, and other baby essentials are also part of the mix.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This online baby products retailing market market report extensively covers market segmentation by  

Platform 1.1 Mobile1.2 PC or tabletProduct 2.1 Baby toys2.2 Baby gear2.3 Baby apparel2.4 Baby diaper products2.5 Baby personal care products and othersGeography 3.1 APAC3.2 North America3.3 Europe3.4 Middle East and Africa3.5 South America

1.1 Mobile-  The mobile segment of the global online baby products retailing market refers to sales and transactions conducted through mobile devices, such as smartphones. With the widespread use of smartphones worldwide, they have become the primary mode of Internet access for many consumers. Parents and caregivers can easily browse, search, and purchase baby products using mobile applications and websites. Retailers have developed user-friendly mobile apps and optimized websites to provide a seamless shopping experience. Features like personalized recommendations, easy navigation, and secure mobile payment options have boosted the popularity of mobile platforms. Social media influences consumer preferences and decisions, with retailers utilizing these channels to promote products and drive traffic to mobile platforms. Users can directly make purchases via mobile devices, leveraging social media’s impact on buying decisions. These factors are expected to fuel the growth of the mobile segment of the global online baby products retailing market.

For more information on market segmentation with geographical analysis including forecast (2023-2027) and historic data (2017-2021) – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

The global baby food and infant formula market is driven by rising awareness of nutrition and convenience among parents worldwide. Growth is fueled by demand for organic and natural products, emphasizing health benefits and safety standards. The global baby car seat market is expanding with increasing regulations on child safety in vehicles. Innovations in design, focusing on comfort and ease of installation, drive market growth. Rising disposable incomes and urbanization further propel demand. The global baby diapers market continues to grow due to higher birth rates and improving standards of living. Eco-friendly options gain traction alongside advanced absorbent technologies, meeting evolving consumer preferences for convenience and sustainability.

Research Analysis

The online baby products retailing market is experiencing significant growth due to the convenience and accessibility it offers to parents. E-commerce platforms have revolutionized the way parents shop for essentials like food, toys, clothes, diapers, and more. Augmented reality tools and AI-driven recommendations help parents make informed purchasing decisions. Subscription boxes provide regular deliveries of curated items, while eco-friendly and ethically sourced products cater to the growing demand for sustainable and socially responsible shopping. Payment service providers ensure seamless transactions, and digital channels, including websites and mobile applications, offer around-the-clock access. Parents can enjoy quick delivery, after-sales assistance, and exclusive deals, coupons, and promotions. Brick-and-mortar stores continue to coexist with online retailers, catering to parents who prefer a tactile shopping experience. Wealthy millennial parents are driving the market with their tech-savvy shopping habits and preference for convenience. The market includes a wide range of products, from baby clothing, shoes, and furniture to food and diapers.

Market Research Overview

The online baby products retailing market is experiencing rapid growth due to the increasing preference for convenience and quick delivery among parents. E-commerce platforms are revolutionizing the industry with augmented reality tools that allow parents to virtually try out products before purchasing. AI-driven recommendations and subscription boxes cater to the unique needs of each parent and child. Eco-friendly and ethically sourced products are also gaining popularity, with payment service providers ensuring secure and seamless transactions. Digital channels, including websites and mobile applications, offer exclusive deals, coupons, and promotions, attracting wealthy millennial parents. Brick-and-mortar stores are also adapting to the digital age, offering online shopping options and competitive pricing. Retailers focus on delivering a sales experience that caters to various client categories, with quick delivery and after-sales assistance being key differentiators. The market is competitive, with major companies offering a wide range of baby products, including food, toys, clothes, diapers, and digital products, as well as delivery choices and major brands. Parents can voice their opinions and read reviews to make informed decisions, with pricing being a crucial factor in their buying process.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

PlatformMobilePC Or TabletProductBaby ToysBaby GearBaby ApparelBaby Diaper ProductsBaby Personal Care Products And OthersGeographyAPACNorth AmericaEuropeMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Technology

IGT Named FanDuel Sportsbooks’ Exclusive Retail Sports Betting Platform Provider in North America for Four Additional Years

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IGT PlaySports and FanDuel Group team up for retail sports betting through 2028

LONDON, Sept. 26, 2024 /PRNewswire/ — International Game Technology PLC (“IGT”) (NYSE: IGT) announced today that it recently renewed a multi-year retail sports betting agreement with FanDuel, North America’s premier online gaming company and an operating unit within Flutter Entertainment plc (NYSE: FLUT). Under the terms of the agreement, IGT PlaySports™ will continue as the exclusive retail sports betting platform provider for FanDuel’s retail sportsbooks across North America for four additional years, starting September 1, 2024. IGT PlaySports and FanDuel have worked together since 2019, when FanDuel opened its first sportsbook in the U.S. at The New Meadowlands Racing & Entertainment in New Jersey.

“For more than five years, IGT PlaySports’ team and technology have helped FanDuel’s retail sportsbook operation deliver a best-in-class customer experience while helping us maintain our position as America’s #1 Sportsbook,” said Christian Genetski, FanDuel President. “Given IGT’s experience as a global land-based casino supplier, we believe it offers the experience and capabilities we needed supporting our retail locations.”

“IGT PlaySports looks forward to supporting FanDuel as its exclusive retail sports betting platform provider in North America for four additional years,” said Joe Bertolone, IGT Senior Vice President, Sports Betting. “IGT PlaySports is committed to helping our customers realize the full potential of the retail sports betting market and differentiate their products through exceptional player experience and reliable technology.”

IGT PlaySports has been FanDuel Group’s exclusive retail platform provider in the U.S. since 2020. In addition to leveraging the IGT PlaySports platform, FanDuel Sportsbooks offer players a range of self-service betting technologies including the IGT PlaySports Kiosk and IGT PlaySports Pad. IGT PlaySports technology is currently powering 27 FanDuel Sportsbooks across 20 gaming jurisdictions.

For more information, visit IGT.com, or follow IGT PlayDigital on LinkedIn.

About IGT
IGT (NYSE:IGT) is a global leader in gaming. We deliver entertaining and responsible gaming experiences for players across all channels and regulated segments, from Lotteries and Gaming Machines to Sports Betting and Digital. Leveraging a wealth of compelling content, substantial investment in innovation, player insights, operational expertise, and leading-edge technology, our solutions deliver unrivaled gaming experiences that engage players and drive growth. We have a well-established local presence and relationships with governments and regulators in more than 100 jurisdictions around the world, and create value by adhering to the highest standards of service, integrity, and responsibility. IGT has approximately 11,000 employees. For more information, please visit www.igt.com.

Cautionary Statement Regarding Forward-Looking Statements
This news release may contain forward-looking statements (including within the meaning of the Private Securities Litigation Reform Act of 1995) concerning International Game Technology PLC and its consolidated subsidiaries (the “Company”) and other matters. These statements may discuss goals, intentions, and expectations as to future plans, trends, events, products and services, customer relationships, results of operations, or financial condition, or otherwise, based on current beliefs of the management of the Company as well as assumptions made by, and information currently available to, such management. Forward-looking statements may be accompanied by words such as “aim,” “anticipate,” “believe,” “plan,” “could,” “would,” “should,” “shall,” “continue,” “estimate,” “expect,” “forecast,” “future,” “guidance,” “intend,” “may,” “will,” “possible,” “potential,” “predict,” “project” or the negative or other variations of them. These forward-looking statements speak only as of the date on which such statements are made and are subject to various risks and uncertainties, many of which are outside the Company’s control. Should one or more of these risks or uncertainties materialize, or should any of the underlying assumptions prove incorrect, actual results may differ materially from those predicted in the forward-looking statements and from past results, performance, or achievements. Therefore, you should not place undue reliance on such statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include (but are not limited to) the factors and risks described in the Company’s annual report on Form 20-F for the financial year ended December 31, 2023 and other documents led from time to time with the SEC, which are available on the SEC’s website at www.sec.gov and on the investor relations section of the Company’s website at www.IGT.com. Except as required under applicable law, the Company does not assume any obligation to update these forward-looking statements. You should carefully consider these factors and other risks and uncertainties that affect the Company’s business. All forward-looking statements contained in this news release are qualified in their entirety by this cautionary statement. All subsequent written or oral forward-looking statements attributable to International Game Technology PLC, or persons acting on its behalf, are expressly qualified in their entirety by this cautionary statement.

Contact:
Phil O’Shaughnessy, Global Communications, toll free in U.S./Canada +1 (844) IGT-7452; outside U.S./Canada +1 (401) 392-7452
Francesco Luti, Italian media inquiries, +39 06 5189 9184
James Hurley, Investor Relations, +1 (401) 392-7190

© 2024 IGT

IGT and IGT PLAYSPORTS are trademarks of IGT, its parent, subsidiaries, or affiliates.

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SOURCE International Game Technology PLC

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Jacobs Declares Quarterly Dividend

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DALLAS, Sept. 26, 2024 /PRNewswire/ — The Board of Directors of Jacobs (NYSE:J) has declared a quarterly cash dividend payable to shareholders in the amount of $0.29 per share of Jacobs common stock. This dividend will be paid on Nov. 22, 2024, to shareholders of record as of the close of business on Oct. 25, 2024.

About Jacobs

At Jacobs, we’re challenging today to reinvent tomorrow by solving the world’s most critical problems for thriving cities, resilient environments, mission-critical outcomes, operational advancement, scientific discovery and cutting-edge manufacturing, turning abstract ideas into realities that transform the world for good. With approximately $16 billion in annual revenue and a talent force of more than 60,000, Jacobs provides a full spectrum of professional services including consulting, technical, scientific and project delivery for the government and private sector. Visit jacobs.com and connect with Jacobs on Facebook, InstagramLinkedIn and X.

For additional information contact:

Investors:
Ayan Banerjee
JacobsIR@jacobs.com

Media:
Louise White, 469.724.0810
media@jacobs.com

 

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SOURCE Jacobs

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Hawkes Outdoors, An Authority In Outdoor Adventure, Appoints Kristen Ramirez As President

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Company Poised for Significant Growth in Overlanding, Off-Road, and Outdoor Industry

SAN ANTONIO, Sept. 26, 2024 /PRNewswire-PRWeb/ — Hawkes Outdoors (www.hawkesoutdoors.com), a leading authority in the overlanding, off-road, and outdoor adventure market, today announced the appointment of Kristen Ramirez as President. Ramirez will lead the company into its next phase of expansion and innovation, further cementing Hawkes Outdoors’ leadership in the industry.

Your Adventure. Your Terms.

Since joining the company in 2022, Kristen Ramirez has brought her expertise in customer service, sales, and retail operations to the forefront. As the company looks to continue its growth, her leadership is expected to propel Hawkes Outdoors into new markets and strengthen its position as a top-tier provider in the sector.

“Kristen brings a wealth of experience and a visionary approach that aligns perfectly with our mission,” said Brian Booker, Owner of Hawkes Outdoors. “We are excited about the future and confident that Kristen will drive our company to new heights, continuing to deliver exceptional value to our customers and partners.”

In her new role, Kristen Ramirez will oversee all aspects of the company’s operations, with a focus on expanding product offerings and enhancing customer experience. Under her leadership, Hawkes Outdoors is poised to take advantage of emerging opportunities in the overlanding, off-road, and outdoor adventure markets.

“I am honored to take on this role and look forward to leading Hawkes Outdoors into an exciting new chapter,” said Kristen Ramirez. “Together with our talented team, we will explore new opportunities for growth, enhance our offerings, and maintain our commitment to excellence.”

About Hawkes Outdoors Based in San Antonio, Texas, Hawkes Outdoors is a leading authority in the overlanding, offroad, and outdoor adventure industry, recognized for its extensive product range and outstanding customer service. The company remains dedicated to providing high-quality products and exceptional customer experiences as it continues to shape the future of outdoor adventure.

www.HawkesOutdoors.com

Media Contact

Kristen Ramirez, Hawkes Outdoors, 1 2106249195, info@hawkesoutdoors.com, https://hawkesoutdoors.com/

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SOURCE Hawkes Outdoors

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