Toys Market Share, Exploring Growth Drivers, Price Trends, Industry Analysis, Outlook Report 2023-2028

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

The global toys market size reached US$ 170.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 267.9 Billion by 2028, exhibiting a growth rate (CAGR) of 7.2% during 2023-2028.

Toys represent an integral part of the global consumer market, encompassing a wide array of products designed for entertainment, education, and imaginative play for children of all ages. These diverse playthings include everything from traditional dolls and action figures to electronic gadgets and educational games. They serve as vital tools for child development, fostering creativity, motor skills, and cognitive abilities. They come in various types, each tailored to specific age groups and interests. The significance of toys lies in their ability to bring joy and learning to children's lives. They offer avenues for exploration, social interaction, and skill development. Moreover, toys encourage curiosity and problem-solving, laying the foundation for future learning and personal growth. In a dynamic and competitive market, toys continue to evolve, integrating cutting-edge technology and innovative design to captivate young minds.

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Market Trends:

The global toys market is majorly driven by the increasing emphasis on early childhood education and development. This is propelling the demand for educational and STEM-focused toys. As parents seek products that combine entertainment and learning, the market has responded with innovative educational toys that inspire creativity and critical thinking. Along with this, the digital revolution has also left its mark, with interactive and connected toys gaining popularity offering immersive and educational play experiences. In addition, the COVID-19 pandemic highlighted the importance of toys as tools for engagement and learning during periods of isolation and remote schooling. Moreover, sustainable and eco-friendly toys are on the rise, aligning with growing environmental consciousness among consumers. Apart from this, collaboration between toy manufacturers, educational institutions, and child development experts is fostering innovation in toy design and functionality. Furthermore, regulatory compliance and safety standards are creating a positive market outlook.

Explore Full Report with Table of Contents: https://www.imarcgroup.com/toys-market

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• Clementoni Spa
• Funskool Ltd.
• Hasbro Inc.
• Lego A/S (Kirkbi A/S)
• Mattel Inc.
• Playmobil (Brandstätter Group)
• Pressman Toy Corporation (Goliath B.V.)
• Simba Dickie Group
• Spin Master
• Talicor Inc.
• Thinkfun Inc. (Ravensburger North America Inc.)
• Tomy Company Ltd

Explore Top Companies Blog by IMARC Group: https://www.imarcgroup.com/toy-companies-manufacturers

Toys Market Segmentation:

Our report has categorized the market based on region, product type, age group and sales channel.

Breakup by Product Type:
• Action Figures
• Building Sets
• Dolls
• Games and Puzzles
• Sports and Outdoor Toys
• Plush
• Others

Breakup by Age Group:
• Up to 5 Years
• 5 to 10 Years
• Above 10 Years

Breakup by Sales Channel:
• Supermarkets and Hypermarkets
• Specialty Stores
• Department Stores
• Online Stores
• Others

Breakup by Region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Browse Related Reports of IMARC Group:

GCC Toys Market: https://www.imarcgroup.com/gcc-toys-market

Europe Toys Market: https://www.imarcgroup.com/europe-toys-market

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This release was published on openPR.