Asia Pacific Doll, Toy And Game Market Expected To Witness Significant Growth During The Forecast Period 2020-2023 | The Lego Group, Mattel, Inc, Hasbro, Inc

The Business Research Company’s Doll, Toy And Game Market Report - Opportunities And Strategies - Global Forecast To 2030

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The global doll, toy and game market reached a value of nearly $102.5 billion in 2019, having increased at a compound annual growth rate (CAGR) of 7.1% since 2015. The market is expected to grow from $102.5 billion in 2019 to $128.0 billion in 2023 at a compound annual growth rate (CAGR) of 5.7%. The slow forecast growth is mainly due to lockdown and social distancing norms imposed by various countries and economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is also restrained due to uncertain demand due to impending global recession. The market is expected to reach $153.1 billion in 2025, and $235.5 billion in 2030.

The key drivers of the doll, toy and game market include:
The doll, toy and games market is expected to be driven by the increasing popularity of educational and scientific toys for children. Parents of growing children are increasingly investing in educational and scientific toys for their offspring’s to that encourage children to experiment and gain new learning experiences. According to an online survey by Parents’ Choice Foundation and the Michael Cohen Group (MCG) in 2018, around 70% of the respondents classify the toys that they purchased during the past year as educational or learning toys.iii This is expected to drive the market in the forecast period.

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Doll, Toy And Game Market Segmentation:-
By Type
1. Electronic Toys
2. Non-Electronic Toys
The non-electronic toys market was the largest segment of the doll, toy and game market segmented by type, accounting for 65.7% of the total in 2019. Going forward, the electronic toys segment is expected to be the fastest growing segment in the doll, toy and game market, at a CAGR of 6.3% during 2019-2023.

By Material
1. Plastic
2. Wood
3. Metal
The plastic material was the largest segment of the doll, toy and game market segmented by material, accounting for 49.3% of the total in 2019. Going forward, the others material segment is expected to be the fastest growing segment in the doll, toy and game market, at a CAGR of 6.7%..

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By Geography - The doll, toy and game market is segmented into
1.North America
2.Western Europe
3.Asia Pacific
4.Eastern Europe
5.South America
6.Middle East
7.Africa

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Some of the major key players involved in the doll, toy and game market are
1. The Lego Group
2. Mattel, Inc.
3. Hasbro, Inc.
4. Nintendo Co., Ltd.
5. Spin Master Ltd..

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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.

This release was published on openPR.