US STEM Toys Market Growth, Size, Share, Industry Report and Forecast 2021-2027

The US STEM toys market is estimated to exhibit a CAGR of 6.8% during the forecast period (2021-2027). Factors such as the need to reduce obesity, rise in disposable incomes, urbanization, growth of middle-class economies have altogether fuelled the market growth in the past. However, with a higher level of internet penetration, children in the country are attracted to digital gaming, consoles and mobile gaming that can pose a high challenge for the traditional STEM toy vendors. It is also estimated that three in ten kids aged between 7 and 12 years played online games every day in 2019 that can potentially hinder the growth of the toy market. Although, in favor of the market in the US, major toy vendors in the region like LEGO, Hasbro, Mattel, Melissa & Doug are expected to launch new and engaging product lines based on the latest market trends and themes with the product license.

To Request a Sample of our Report on US STEM Toys Market: https://www.omrglobal.com/request-sample/us-stem-toys-market

Furthermore, Walmart and Target are the leading mass merchandise players for toys in the US, with more than 7,000 stores. The new market entrants in the country also prefer specialty retail chains as a more diversified and de-risked opportunity. The sales witnessed a spike in Q1 2020, which was highly supported by the online channels owing to the lockdown and curfew. Moreover, the US Department of Education also invested over $540 million in 2019 to support STEM education through research grants and discretionary in accordance with Trump’s directive to expand opportunities in the field. Eventually, this investment can support the growth and adoption of educational toys among children and schools for training during the forecast period.

(Get 15% Discount on Buying this Report)
A full Report of US STEM Toys Market is Available at: https://www.omrglobal.com/industry-reports/us-stem-toys-market

Market Coverage
• Market number available for –2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segments Covered- by Age Group, Category, and Distribution Channel
• Country Covered- US
• Competitive Landscape- Hasbro, Inc.; Learning Resources Ltd.; LEGO System A/S; Mattel; and Melissa & Doug

US STEM Toys Market Report Segment

By Age Group
• 0-3 Years
• 3-8 Years
• 8-12 Years
• 12+ Years

By Category
• Science
• Technology
• Engineering
• Mathematics

By Distribution Channel
• Online
• Offline

Company Profiles
• Digital Dream Labs, Inc.
• ELENCO ELECTRONICS, INC.
• Hasbro, Inc.
• K’NEX
• Learning Resources Ltd.
• LEGO System A/S
• Mattel
• Melissa & Doug
• Ravensburger
• MindWare , Inc.
• Sphero
• Spin Master
• VTech Holdings Ltd.
• WowWee Group Ltd.

Reasons to Buying From us –
1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/us-stem-toys-market

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

This release was published on openPR.