Press release
Toys and Games Market Experiences Explosive Growth, Reaching US$ 844.3 Billion by 2029
Toys and Games Market
The global Toys and Games Market achieved a remarkable valuation of US$ 417.5 Billion in 2021, and it is projected to soar to US$ 844.3 Billion by 2029, demonstrating a robust Compound Annual Growth Rate (CAGR) of 9.2% throughout the forecast period.
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Report Scope:
The comprehensive "Toys and Games Market" report delves into the intricacies of the industry, offering valuable insights into market dynamics, segmentation by product, age group, distribution channel, and regional analysis. The research encompasses data from 2018 to 2021, with forecasts extending up to 2029.
Research Methodology:
Our thorough research methodology involves a meticulous analysis of market trends and challenges. The report utilizes real numbers from past years and includes a market forecast until 2029 to provide a holistic understanding of the industry. The insights are gathered through a combination of primary and secondary research methods.
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Drivers:
The report highlights several drivers propelling market growth, such as the increased adoption of video games, technological advancements like VR/AR, and the rising popularity of interactive and multifunctional toys and games. Factors like parental interest in green toys, the resurgence of traditional games, and growing attachment to old-school games contribute significantly to market expansion.
Restraints:
The market faces challenges due to seasonal demand, short product lifespan, and the limited popularity of certain goods and collectibles.
Regional Insights:
In 2021, the Asia Pacific dominated the market with a 41% share, driven by increased retail stores, a rise in disposable income, and the region's status as a major supplier of products and raw materials. North America is anticipated to grow at a CAGR of 5.1%, propelled by factors like growing consumer awareness of physical fitness and the importance of educational games.
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Market Segment Analysis:
by Product
Electronic Games
Dolls
Games and Puzzles
Other
By Product: Electronic Games claimed a dominant market share of 38% in 2021, fueled by technological advances and the proliferation of mobile and online games.
by Age Group
0-8 yrs
9-15 yrs
15 and above
By Age Group: The 15 and above segment held a 50% share in 2021, while the 0-8 yrs segment is expected to grow at a CAGR of 5% through the forecast period.
by Distribution Channel
Offline
Online
By Distribution Channel: The offline segment led the market with 78.8% in 2021, driven by increased product awareness in hypermarkets and supermarkets.
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Key Players:
1. Mattel Inc.
2. Hasbro Inc.
3. Lego Group
4. Takara Tomy Co. Ltd
5. Bandai Namco Holdings Inc.
6. Simba-Dickie Group
7. Spin Master Ltd
8. AOSHIMA BUNKA KYOZAI Co. Ltd
9. Moose Enterprise Holdings Pty Ltd
10. Tru Kids Inc.
11. Toy Quest
12. Sanrio Company Ltd.
13. Konami Corporation
14. Integrity Toys, Inc.
15. Jakks Pacific
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Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by different segment | 2023-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by segments with their sub-segments and region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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