China Toys Market Destined to Reach US$ 34.9 Billion (CAGR of 10.6%) During 2023-2028 - Latest Research Report

According to the latest report by IMARC Group, titled "China Toys Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," offers a comprehensive analysis of the industry, which comprises insights on the China toys market. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The China toys market size reached US$ 18.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 34.9 Billion by 2028, exhibiting a growth rate (CAGR) of 10.6% during 2023-2028.

A toy is an object that is used to provide entertainment. It is made of wood, clay, paper, and plastic. It includes toy blocks, board games, and dolls. It is often designed for use by kids. However, many are designed specifically for adults and pets. It provides utilitarian benefits, such as physical exercise, cultural awareness, or academic education. It is an enjoyable way of training young kids for life experiences. The modern version of toys includes interactive digital entertainment and smart toys. The demand for toys in China is witnessing an upsurge with the rapidly growing population.

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China Toys Market Trends:

The market in China is majorly driven by the increasing popularity of the product among children. In line with this, the rising popularity of multi-colored toy items among preschool children is significantly contributing to the market. Furthermore, the growing demand for an advanced educational base products such as cubetto and dash robots, remote-controlled cars, and computing kits are positively influencing the market. Apart from this, evolving consumers' choices towards playing console and joystick games are offering numerous opportunities for market expansion. Several market players are participating in different kinds of gaming events. This, in turn, motivates them to develop innovative gaming items, thereby catalyzing industry growth.

Moreover, the leading players are focusing on providing different gaming items to surprise the children while unboxing their packaged toys. This is likely to create interest in playing with such items among the children, stimulating market growth across the country. Besides, the emergence of toys made up of environment-friendly materials such as bamboo, clay, cork, and others are creating a positive outlook for the market. The market players are focusing on developing toys from recycled plastic materials to meet such a demand. This, in turn, is expected to boost market growth across the country.

By the IMARC Group, Some of the Top Competitive Landscape Operating in the Market are Given Below:

• Mattel, Inc.
• LEGO System A/S
• Hasbro, Inc.
• VTech Holdings Limited
• Hape International AG.
• Silverlit Toys Manufactory Limited
• Sieper GmbH
• Micro Mobility Systems AG
• Ravensburger Ltd.
• Shantou City Big Tree Toys Co., Ltd.

Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/china-toys-market

Key Market Segmentation:

Breakup by Product Type:

• Plush Toys
• Electronic/remote Control Toys
• Games and Puzzles
• Construction and Building Toys
• Dolls
• Ride-ons
• Sports and Outdoor Play Toys
• Infant/pre-school Toys
• Activity Toys
• Others

Breakup by End User:

• Unisex
• Boy
• Girls

Breakup by Distribution Channel:

• Specialty Toy Chain Stores
• Supermarkets And Hypermarkets
• Departmental Stores
• Online Stores
• Others

Breakup by Province:

• Guangdong
• Jiangsu
• Shandong
• Zhejiang
• Henan
• Others

Key highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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This release was published on openPR.