Login  |  Register          Free Newsletter Subscription
Email
Print
Reprint
Learn RSS

Highest crib sales projected in West, South

By Daphne Garland-McLean -- Kids Today, 2/1/2008

Though overall economic news continues to be bleak, U.S. crib sales are projected to increase 20.5% over the next five years, growing to $1.3 billion in 2012 from $1.0 billion in 2007, according to the latest projections by New York-based Easy Analytic Software Inc.

The West and South lead the pack both for overall crib sales and projected increases in sales. The West can expect a projected increase of 23.2% by the year 2012, if EASI's projections hold. The South can expect a slightly lower 23.0% increase in crib sales growth. EASI's statisticians expect growth of crib sales in the Midwest and Northeast to lag considerably behind growth in the West and South. The Midwest can expect a 17.5% growth in crib sales, while the Northeast can expect crib sales growth to be around 16.0%.

Of the nineteen states with growth projections above the national average, 11 are in the West and seven are in the South. Only one state in the Northeast, Delaware, is projected to have such growth. No Midwest states are expected to exceed the national average.

Rounding out the top five states with growth projections exceeding the national average are Nevada at 34.5%, Arizona at 32.2%, Idaho at 27.5%, Utah at 26.3% and Florida at 26.3%.

Several major metropolitans within each of the four regions exceed the national sales growth projection for cribs. Palm Coast, Fla., is projected to have a 57.3% increase by the year 2012, the fastest growing metropolitan in the country when it comes to crib sales. St. George, Utah, with a projected sales increase of 45.2% comes in second to Palm Coast. In the Midwest, Sioux Falls, S.D., is expected to show the fastest sales growth in the next five years, going from $800,000 to $1,000,000, an increase of 28.3%. In the Northeast, Dover, Del., is projected to see a considerable boost in cribs sales with a growth projection of 31.2%.

EASI estimates also indicate one half of the 10 largest markets should have healthy growth in crib sales between 2007 and 2012. Atlanta-Sandy Springs-Marietta, Ga., is predicted to increase crib sales by 28.8%. Not far behind, Dallas-Fort Worth-Arlington, Texas, is expected to grow from $21 million to $27 million, a change of 28.6%. Houston-Baytown-Sugar Land, Texas, should see growth of 28.3%. Somewhat lower, the Miami-Fort Lauderdale-Miami Beach, Fla., market's crib sales growth is expected to increase by 21.9%. And, if EASI estimates hold true, the Washington-Arlington-Alexandria, D.C.-Va.-Md.-W.Va., market should have growth around 20.7%. The top 10 markets expect to hold steady with a 26% share of all U.S. crib sales in 2012.

$1.04 Up 20.5% $1.26
2007 estimated 2012 projected

State Estimated 2007 2012 Projected % Change
Alabama $16.5 $19.6 18.6%
Alaska 2.2 2.7 21.7
Arizona 21.1 27.9 32.2
Arkansas 9.8 11.8 20.1
California 116.5 140.5 20.6
Colorado 17.2 21.3 23.5
Connecticut 12.9 15.0 16.8
Delaware 3.1 3.8 23.3
District of Columbia 2.6 2.8 10.3
Florida 66.0 83.3 26.3
Georgia 33.0 41.5 25.7
Hawaii 4.0 4.8 21.9
Idaho 4.8 6.1 27.5
Illinois 44.7 52.6 17.6
Indiana 22.4 26.7 19.0
Iowa 10.7 12.5 17.6
Kansas 9.8 11.6 18.0
Kentucky 15.0 17.8 18.8
Louisiana 14.7 17.3 17.9
Maine 4.8 5.7 17.9
Maryland 20.5 24.4 19.1
Massachusetts 23.6 27.1 14.5
Michigan 35.9 41.6 15.9
Minnesota 18.6 22.1 19.2
Mississippi 9.9 11.8 19.0
Missouri 20.9 24.8 18.5
Montana 3.3 4.0 20.0
Nebraska 6.3 7.5 18.8
Nevada 8.8 11.8 34.5
New Hampshire 4.7 5.7 20.2
New Jersey 30.6 35.9 17.3
New Mexico 6.5 7.9 22.4
New York 67.6 7 7.5 14.7
North Carolina 32.3 40.3 24.6
North Dakota 2.3 2.6 15.3
Ohio 41.3 47.8 15.7
Oklahoma 12.5 14.9 18.6
Oregon 13.1 16.0 22.5
Pennsylvania 44.5 51.8 16.3
Rhode Island 3.8 4.4 14.9
South Carolina 15.5 19.1 22.9
South Dakota 2.7 3.2 19.3
Tennessee 21.7 26.2 21.0
Texas 78.2 98.3 25.8
Utah 7.4 9.4 26.3
Vermont 2.2 2.6 17.3
Virginia 27.9 33.8 21.3
Washington 22.9 28.1 22.8
West Virginia 6.4 7.4 15.5
Wisconsin 20.0 23.7 18.7
Wyoming 1.8 2.2 19.9
Total $1,045.5 $1,259.3 20.5%
States in bold are expected to exceed the national average in sales growth between 2007 and 2012.
Source: Easy Analytic Software Inc. and Kids Today market research

Estimated Projected % Change
New York-Northern New Jersey-Long Island, N.Y.-N.J.-Pa. $65.5 $75.4 15.2%
Los Angeles-Long Beach-Santa Ana, Calif. 40.0 47.1 17.8%
Chicago-Naperville-Joliet, Ill.-Ind.-Wis. 32.7 38.7 18.3%
Dallas-Fort Worth-Arlington, Texas 21.0 27.0 28.6%
Philadelphia-Camden-Wilmington, Pa.-N.J.-Del.-Md. 20.9 24.5 17.0%
Washington-Arlington-Alexandria, D.C.-Va.-Md.-W. Va. 19.8 23.9 20.7%
Miami-Fort Lauderdale-Miami Beach, Fla. 19.4 23.6 21.9%
Houston-Baytown-Sugar Land, Texas 18.6 23.8 28.3%
Atlanta-Sandy Springs-Marietta, Ga. 18.5 23.8 28.8%
Boston-Cambridge-Quincy, Mass.-N.H. 16.4 18.8 14.2%
Metros in bold are expected to increase sales at a pace faster than the national average.
Source: Easy Analytic Software Inc. and Kids Today market research

16.0% 17.5% 20.5% 23.0% 23.2%
Northeast Midwest U.S. South West

10 fastest-growing major metros per region. All are expected to exceed the national growth rate for crib sales between 2007 and 2012.
Midwest
Metropolitan areas estimated 2007 projected 2012 % change
Consumer spending in millions
Sioux Falls, S.D. 0.8 1.0 28.3%
Farmington, Mo. 0.2 0.3 26.7%
Des Moines, Iowa 2.0 2.5 25.4%
Springfield, Mo. 1.5 1.8 25.3%
Faribault-Northfield, Minn. 0.2 0.3 24.5%
Elkhart-Goshen, Ind. 0.7 0.8 24.0%
Whitewater, Wis. 0.4 0.5 24.0%
Branson, Mo. 0.3 0.3 24.0%
Rochester, Minn. 0.6 0.8 23.9%
Lebanon, Mo. 0.1 0.1 23.5%
Northeast
Metropolitan areas estimated 2007 projected 2012 % change
Consumer spending in millions
Dover, Del. 0.5 0.7 31.2%
East Stroudsburg, Pa. 0.6 0.7 29.8%
Seaford, Del. 0.7 0.8 28.0%
Gettysburg, Pa. 0.3 0.4 25.5%
York-Hanover, Pa. 1.5 1.9 25.1%
Chambersburg, Pa. 0.5 0.6 24.5%
Allentown-Bethlehem-Easton, Pa.-N.J. 2.9 3.5 22.8%
Lewisburg, Pa. 0.1 0.2 22.8%
Reading, Pa. 1.4 1.7 22.5%
Willimantic, Conn. 0.4 0.5 22.4%
South
Metropolitan areas estimated 2007 projected 2012 % change
Consumer spending in millions
Palm Coast, Fla. 0.3 0.5 57.3%
The Villages, Fla. 0.2 0.3 43.8%
Cape Coral-Fort Myers, Fla. 2.2 3.1 39.2%
Raleigh-Cary, N.C. 3.8 5.1 34.7%
Myrtle Beach-Conway-North Myrtle Beach, S.C. 0.9 1.2 34.6%
Port St. Lucie-Fort Pierce, Fla. 1.5 2.0 34.1%
Gainesville, Ga. 0.6 0.7 33.9%
Ocala, Fla. 1.2 1.5 33.7%
Picayune, Miss. 0.2 0.3 33.2%
Lake City, Fla. 0.2 0.3 33.0%
West
Metropolitan areas estimated 2007 projected 2012 % change
Consumer spending in millions
St. George, Utah 0.4 0.5 45.2%
Heber, Utah 0.1 0.1 40.7%
Pahrump, Nev. 0.2 0.2 40.5%
Bend, Ore. 0.5 0 .7 37.9%
Las Vegas-Paradise, Nev. 6.2 8.5 36.9%
Greeley, Colo. 0.8 1.1 36.9%
Prescott, Ariz. 0.8 1.0 35.0%
Phoenix-Mesa-Scottsdale, Ariz. 13.9 18.8 34.8%
Cedar City, Utah 0.1 0.2 34.2%
Lake Havasu City-Kingman, Ariz. 0.7 0.9 34.0%
Source: Easy Analytic Software Inc. and Kids Today market research

 

Behind the numbers

Kids Today market research worked with Easy Analytic Software Inc. to develop sales estimates and projections for cribs, other nursery furniture as well as other U.S. furniture and bedding sales.

The 2007 sales estimates for each product category are based on data available through August 2007 and are subject to revision as additional data become available. Estimates are based on information from the Department of Commerce, the International Trade Commission, sales estimates from manufacturers and retailers, Furniture/Today's Consumer Buying Trends Surveys, the Furniture Store Performance Report and discussions with industry executives and analysts.

Segment figures were aggregated by sister publication Furniture/Today and statisticians at EASI. EASI matched demographic data (such as age and income) gathered by Furniture/Today's Consumer Buying Trends survey against other data sources such as the Bureau of the Census, the Department of Justice, the National Center for Education Statistics and the Department of Labor. EASI then uses a series of statistical models to develop estimates by metro markets.

EASI's highly accurate models are regression curves based upon a variety of factors designed to forecast changes that include growth and the interrelationship of variables. Projections for 2012 are designed to forecast the changes that statistically adjust for household income, age by race and sex, group quarter population and births and deaths, along with other forecasting factors.

Spending forecasts assume a national rate of inflation that does not vary from one location to another.

Data are given for Core-Based Statistical Areas (CBSA), defined as a geographic entity consisting of the county or counties containing one or more cores (urbanized areas or settlement clusters or both) that together have at least 10,000 population, plus adjacent counties having a high degree of social and economic integration with the core(s) measured through commuting patterns.

Within this broad definition, large metros, called Metropolitan Statistical Areas, have at least one urbanized area of 50,000 or more population. Small metros, called Micropolitan Statistical Areas, have at least one urban cluster with a population of at least 10,000, but less than 50,000. Both designations include adjacent territory that has a high degree of social and economic integration with the core measured by commuting ties. The designations are mandated by the Office of Management and Budget and are used by government agencies for statistical reporting purposes.

Additional reports available

Furniture/Today and Easy Analytic Software also have prepared sales estimates and projections for individual product categories in a series of Product Potential Reports.

Each Product Potential Report gives estimated 2007 sales and projected 2012 sales figures for each specific product for 934 metropolitan areas. Each report also provides state-level data for the product.

Product Potential Reports are available for:

Master bedroom

Youth, other adult bedroom furniture

Area rugs

Casual dining

Dining room furniture

Lamps

Entertainment furniture

Curios

Wall decor

Occasional tables

Desks

Top-of-bed linens

Other home office furniture

Stationary sofas/sofa-sleepers

Stationary chairs

Reclining chairs

Swivel, glider rockers

Motion sofas

Email
Print
Reprint
Learn RSS

Talkback

We would love your feedback!

Post a comment

» VIEW ALL TALKBACK THREADS

Related Content

Related Content

 

By This Author

Sponsored Links



 
Advertisement
Sponsored Links

More Content

  • Blogs
  • Photos

Blogs

  • Kelly Nelson
    Customer Care and Beyond

    August 17, 2008
    There Goes The Neighborhood
    I grew up in the same house that my parents bought when they were first married. Mom held onto...
    More
  • Kelly Nelson
    Customer Care and Beyond

    August 14, 2008
    ABC Is Right Around The Corner
    It's that time of year again! The ABC show in Las Vegas is rapidly approaching! Every day I...
    More
  • » VIEW ALL BLOGS RSS

Photos


Sorry, no photos are active for this topic.

Advertisements





NEWSLETTERS
Get the latest info on the infant & juvenile furnishings industries with our weekly eNewsletter

Kids Today eKids News (Weekly)
Furniture Today eDaily (Daily)
Bedding Today eWeekly (Weekly)
Furniture Today's Green (Occassional)
eDaily Classifieds (Weekly)
Home Accents Today eWeekly (Weekly)
Home Accents Today Product Line (Bi-Weekly)
Home Accents Today Green (Occassional)
Casual Living eWeekly (Weekly)
Casual Living Green (Occassional)
Gifts & Dec Direct (Weekly)
Gifts & Dec Product Wire (Twice A Month)
Gifts & Dec Double Take (Occassional)
Home Textiles Today Extra (Daily)
Home Textiles Today's Green (Occassional)
Playthings Extra (Weekly)
Playthings Product Watch (Twice A Month)

About Us    |    Advertising Info    |   Site Map    |   Contact Us    |    Free Subscriptions    |   Industry Links    |    RSS
©2008 Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.
Use of this Web site is subject to its Terms of Use | Privacy Policy
Please visit these other Reed Business sites