ROCKVILLE, Md., Nov. 29, 2016 /PRNewswire/ -- Many parents are still recovering from the effects of yesteryear's recession and our still slowly growing economy. As a result, these parents seek value in a broad range of purchases. This is especially true of infant, toddler, and preschool products that can be quite expensive with many items having a short lifespan, according to market research firm Packaged Facts in the report Infant, Toddler, and Preschool Furnishings and Durables, 5th Edition.
For more information on Infant, Toddler, and Preschool Furnishings and Durables, 5th Edition visit: http://www.packagedfacts.com/Infant-Toddler-Preschool-10330889/. Many infant, toddler, and preschool products are necessities so they have to be bought or received as gifts. Parents often rely on gifts for at least some of the items required for kids. But for an increasing number of consumers, pre-owned or used is totally acceptable whether an item is bought second hand, given as a hand-me-down or borrowed. "For parents purchasing products for younger children, almost all things old are new again—or at the very least these preloved items are good enough and affordable enough to make them viable alternatives to buying new," says David Sprinkle, research director, Packaged Facts. Overall estimates are that 20% to 30% of infant, toddler, and preschool products are purchased used or received used from others. Half of those who acquired baby furniture or equipment for their own household in the last 12 months bought it new. A third bought products second hand and about a quarter borrowed the products. A third received products as gifts from friends, co-workers, or family members. Meanwhile 25% received products as a gift from grandparents.