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Construction Toys Market Report 2023-2032: Industry Analysis, Size, Growth And Forecast | Vtech, LEGO, Hasbro, Mattel, Mega Bloks
Construction Toys Market
The Business Research Company's Construction Toys Global Market Report 2023 identifies A rise in disposable income as the major driver for the Construction Toys market's growth in the forecast period. An increase in disposable income is fuelling a healthy surge in leisure spending across the world, with an increase in disposable income, consumers are willing to invest to boost their standard of living, resulting in the purchase of a vast range of consumer products and recreational products such as toys.
The global construction toys market size grew from $9.59 billion in 2022 to $10.17 billion in 2023 at a compound annual growth rate (CAGR) of 6.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The construction toys market size is expected to grow to $12.97 billion in 2027 at a CAGR of 6.3%.
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Major competitors in the Construction Toys market are Vtech, LEGO, Hasbro, Mattel, Mega Bloks.
A key trend in the Construction Toys market includes introduction of eco-friendly construction toys. Key players are coming up with eco-friendly and sustainable products as concerns over the safety of the raw materials used in construction toys have grown and to maintain a competitive edge over the other players. For example, in January 2020, Mattel, a US-based toy manufacturing company launched an eco-friendly bio-based Mega Bloks line, consisting of the Mega Bloks Polar Friends, Safari Friends and Woodland Friends sets wherein all of the sets would be made from bio-based resins and packaged in entirely recyclable Forest Stewardship Council (FSC)-certified packaging.
Read More On The Global Construction Toys Market Report Here:
https://www.thebusinessresearchcompany.com/report/construction-toys-global-market-report
The Construction Toys market is segmented -
1. By Product: Bricks & Blocks, Tinker Toy, Other Products
2. By Raw Material: Wood, Polymer, Metal, Other Raw Materials
3. By Distribution Channel: Supermarkets & Hypermarkets, Convenience Stores, Online
4. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Construction Toys market.
The Business Research Company's "Global Construction Toys Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Construction Toys Market Include:
1. Executive Summary
2. Construction Toys Market Characteristics
3. Construction Toys Market Trends And Strategies
4. Construction Toys Market - Macro Economic Scenario
5. Construction Toys Market Size And Growth
……
26. Africa Construction Toys Market
27. Construction Toys Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Construction Toys Market
29. Construction Toys Market Future Outlook and Potential Analysis
30. Appendix
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