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The global baby changing stations market report analyst says one trend in the market is the rising investment in R&D. The market is witnessing increased expenditure by vendors in R&D. The baby changing stations market is witnessing many innovative applications and solutions.Complete report on baby changing stations market spread across 56 pages, analyzing 6 major companies and providing 20 data exhibits are now available at http://www.reportsnreports.com/reports/917454-global-baby-changing-stations-market-2017-2021.html
In addition, vendors are working to reduce the cost of upgrades and maintenance. The rapidly changing technology and changes in consumer preferences are forcing vendors to deliver innovative baby changing stations. These rising investments have fueled the development of new products, leading to innovations and patent applications.
The following companies are the key players in the Global Baby Changing Stations Market: American Specialties, Ecolab, Foundations Worldwide, GENWEC Washroom Equipment and Company, Koala Kare (Bobrick Washroom Equipment), and Lovair. Other Prominent Vendors in the market are: Central Specialties (Gaychrome), Continental Commercial Products (Katy Industries), Diaper Deck, Jofel USA, Newell Brands (Rubbermaid), PHS Group, Progenii, Vectair Systems, Diaper Depot, World Dryer, and Bradley Corporation. Order a copy of Global Baby Changing Stations Market 2017-2021 report @ http://www.reportsnreports.com/purchase.aspx?name=917454
According to the baby changing stations market report, one driver in the market is the rising number of births. The number of births is a key demographic factor that influences the sales potential of baby changing stations. Globally, the number of births has increased with APAC and ROW posting a CAGR of 0.95% and 0.94% respectively during 2012-2015. This is primarily because ROW and APAC are largely comprised of developing countries that have a substantial share of female population in the age group of 20-40 years.
The number of births in countries in North America is sluggish because of the increasing number of women being career-oriented and opting to have children at later ages (over 35-38 years). Moreover, an increasing number of women in North America are opting for single parenthood, thereby limiting the number of children raised as a single parent.
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Baby changing stations market in North America: Baby changing stations are prevalent and common in North America but, the market is expected to experience stagnant growth owing to the low birth rates Baby changing stations market in Europe: The baby changing stations market in Europe is expected to witness saturation over the forecast period. In Russia, however, the market is likely to register considerable growth over the forecast period. Baby changing stations market in APAC: The baby changing stations market in APAC is witnessing strong demand over the past few years because of the high birth rates, the growth in per capita income, and the rise in living standards in the region
Further, the baby changing stations market report states that one challenge in the market is the declining fertility rates. Globally, the total fertility rate has decreased from an average of 4.4 in 1970 to 2.5 in 2015. This is primarily because of the growing focus of women (aged 20-34) on building careers as opposed to raising families in their early and late 20s in both developed and developing regions, excluding Africa and a few countries in the Middle East, Central Asia, and Southeast Asia.
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