Press release
Global Toys Market Valued at USD 254.49 Billion in 2023, Forecasted to Grow at a 21.7% CAGR
Global Toys Market
Toys Market was valued at USD 254.49 billion in 2023. The Global Toys Market size is estimated to grow at a CAGR of 21.7 % over the forecast period.
Toys Market Overview:
Toys aid in the development of children's minds by enhancing their ability to think and make decisions. Brain training, physical activity, promotional products, and collectibles are among the several categories. Festivals are the most common way for affiliated businesses to market various types of play things to children.
Further, the Toys market is segmented by Product, Age Group, Distribution Channel, and geography. On the basis of Product, the Toys market is segmented under Dolls, Outdoor and Sports Toy, Building and Construction Set, Infant and Preschool Toy, Games and Puzzles, and Others. Based on the Age Group, the market is segmented under the channels of 0-3 Years, 3-5 Years, 5-12 Years, 12-18 Years, and 18+ Years. Based on the Distribution Channel, the market is segmented under the channels of Online and Offline. By geography, the market covers the following Regions: North America, Europe, Asia-Pacific, South America, and Middle East & Africa. For each segment, the market sizing and forecasts have been done on the basis of value (in USD Billion).
๐๐ง๐ฅ๐จ๐๐ค ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐จ๐ ๐๐ฎ๐ซ ๐๐๐ญ๐๐ฌ๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ:https://www.stellarmr.com/report/Toys-Market/539
What are Toys Market Dynamics?
Companies concentrate on delivering a variety of gaming goods to surprise children as they unpack the boxed items. This is anticipated to pique children's enthusiasm in playing with such products, boosting the toy market's growth. For example, Lego System A/S presented a sailing adventure set as a presenting item for its LEGO VIP members in August 2021. Also, recent gift-giving tendencies across the global population would boost product demand in toys market.
Moreover, scented items have become increasingly popular, as these play kits provide a soothing perfumed scent to the children. The growing popularity of brain training cubes and educational board games among children is expected to boost the toys market overall growth in the near future.
Producers are developing various sorts of dolls that are appropriate for children's festivals, thereby increasing their overall revenue. For example, during the autumn season in the United States in July 2020, MGA Entertainment Inc., a children's entertainment company, debuted new Rainbow High Fashion Dolls, a doll brand. These factors are driving the growth of the toys market throughout the globe.
๐๐๐๐ ๐๐จ๐ซ๐ ๐๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง? ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐จ๐ฎ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ + ๐๐ซ๐๐ฉ๐ก๐ฌ ๐๐๐ซ๐:https://www.stellarmr.com/report/req_sample/Toys-Market/539
What is Toys Market Regional Insight?
The North American market dominated the market with 37 % share in 2023. North America's increased spending on entertainment-related equipment such as toys, hobbies, and playground equipment accounts for the highest share of sales in the region. Average spending on entertainment-related gadgets in the United States hit USD 3.05 million in 2019. Also, expanding gift-giving market trends among the people are propelling the region's industry expansion.
The Asia Pacific region's fastest growth can be ascribed to recent government measures aimed at advancing the industry in nations like India, China, and Japan. For example, the Indian government created the Production Linked Incentive (PLI) scheme in April 2020 to encourage local manufacturing. As a result, the government is able to meet local demand for such products, promoting toys market growth in these region. Also, the increased popularity of art and craft-based products among Chinese children is fueling market growth in the country.
What is Toys Market Segmentation?
by Product
Dolls
Outdoor and Sports Toy
Building and Construction Set
Infant and Preschool Toy
Games and Puzzles
Others
by Age Group
0-3 Years
3-5 Years
5-12 Years
12-18 Years
18+ Years
by Distribution Channel
Offline
Online
๐ ๐๐๐ ๐๐๐ญ ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ!https://www.stellarmr.com/report/req_sample/Toys-Market/539
Some of the current players in the Toys Market are:
Lego System A/S (Denmark)
Hasbro Inc. (U.S.)
Mattel Inc. (U.S.)
Ravensburger Holding GmbH & Co. KG(Germany)
Spin Master(Canada)
MGA Entertainment Inc. (U.S.)
PAI Partners(France)
Nintendo Co. Ltd. (Japan)
Radio Flyer (U.S.)
A.L. Lindsay & Company(Australia)
Artsana Group (Italy)
K'Nex Industries Inc. (U.S.)
Key Offerings:
Past Market Size and Competitive Landscape
Toys Market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Toys Market Segmentation - A detailed analysis by Product
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
Recommendations
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About Stellar Market Research
Established in 2018, Stellar Market Research is an India-based consulting and advisory firm focused on helping clients reach their business transformation objectives with advisory services and strategic business. The company's vision is to be an integral part of the client's business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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