Press release
Educational Toy Market to reach USD 132.54 Bn by 2029, emerging at a CAGR of 8.54 percent and forecast 2023-2029
Educational Toy Market
The Educational Toy Market achieved a valuation of US$ 74.68 billion in 2022. Anticipated growth at a CAGR of 8.54% throughout the forecast period reflects the market's resilience and potential for expansion.
Maximize Market Research Pvt Ltd, a leading market research firm, has published an in-depth report on the Global Educational Toy Market. The report encompasses a detailed analysis of market dynamics, COVID-19 impact, drivers, restraints, and regional insights. Additionally, the report provides segmentation based on various parameters, offering valuable insights for industry stakeholders.
The report employs a robust research methodology, combining qualitative and quantitative analysis to provide a comprehensive understanding of the Educational Toy Market. A detailed explanation of the methodology is available in the full report.
Request a Free Sample Copy or View Report Summary:https://www.maximizemarketresearch.com/request-sample/147976
Educational Toy Market Dynamics:
The market faced significant challenges due to stringent lockdown measures that resulted in halted manufacturing, adversely affecting both the supply chain and distribution channels. Despite these obstacles, a positive impact emerged as schools remained closed, and children spent more time at home. This led to a surge in demand for innovative educational toys. Moreover, parents, recognizing the prolonged closure of schools, increased their spending on their children to ensure their education was not compromised during this period.
The surge in demand for smart toys is notable, characterized by their incorporation of artificial intelligence components such as microprocessors, volatile or non-volatile memory units, and input/output devices. Smart toys also feature voice recognition and voice synthesizers, seamlessly integrated into both software and hardware.
The smart toys market achieved a valuation of approximately US$ 11.72 billion in 2021 and is poised for sustained growth at a remarkable CAGR of 16.4% throughout the forecast period. This heightened demand for smart toys stands as a pivotal driver propelling the overall market expansion.
Educational Toy Market Regional Insights:
The North American region asserts its dominance in the market, holding a substantial market share. A key driving force behind this supremacy is the escalating demand from both retailers and consumers for products and educational toys proudly labeled as "Made in USA." The market witnesses a notable surge in the quest for innovative educational toys.
From a business perspective, products manufactured in the USA offer cost-effectiveness and quicker shipment, presenting a favorable alternative to imports from China. Notably, customers exhibit a preference for the superior quality associated with domestically made products, distinguishing them from those produced in China.
The market size of the North American educational toys market stands at approximately US$ 24.98 billion, firmly securing its dominance with a commanding market share of around 38%.
In contrast, the Asia Pacific region is poised to experience the most rapid Compound Annual Growth Rate (CAGR) throughout the forecast period. This growth is fueled by a vast customer base, exemplified by the substantial population of infants aged 0 to 4 years in India, reaching approximately 17 million in 2021. Initiatives undertaken by the Government of India to position the country as a hub for educational toys contribute to the region's market opportunities. Additionally, the "Make in India" initiatives play a pivotal role in propelling market growth in this dynamic and burgeoning region.
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Educational Toy Market Segmentation:
The Educational Toy Market is segmented based on type, including Arts and Crafts, Role Play, Games and Puzzles, Motor Skills, STEM toys, Musical toys, and others. Motor skills toys dominate the segment with a market share of approximately 26%. The 0 to 4 years age group is expected to dominate the market, driven by parents' increased spending on early childhood education.
by Type
Arts and Crafts
Role Play
Games and Puzzles
Motor Skills
STEM toys
Musical toys
Other toys
by Age Group
0-4 years
4-8 years
Above 8 years
by Distribution Channel
Hypermarkets/Supermarkets
Specialty Stores
Departmental Stores
Online Channels
Others
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Educational Toy Market Key Players:
1.Mattel
2. GoldLok Toys
3. CocoMoco kids
4. Atlas games
5. Clementoni
6. Goliath games
7. Hasbro
8. WowWee Group
9. Ravensburger ag
10. Thames & kosmos
11. The lego group
12. Tomy company, ltd.
13. Vtech holdings
14. Zephyr toymakers pvt. ltd.
15. MindWare Inc.
16. Pegasus Toykraft Pvt. Ltd.
Get to Know More About This Market Study:https://www.maximizemarketresearch.com/market-report/educational-toy-market/147976/
Table of content for the Educational Toy Market includes:
1. Global Educational Toy Market: Research Methodology
2. Global Educational Toy Market: Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3.Global Educational Toy Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4 . Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape (2022 to 2029)
• Past Pricing and price curve by region (2022 to 2029)
• Market Size, Share, Size and Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by growth and trend
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
Contact Maximize Market Research:
MAXIMIZE MARKET RESEARCH PVT. LTD.
⮝ 444 West Lake Street, Floor 17,
Chicago, IL, 60606, USA.
✆ +1 800 507 4489
✆ +91 9607365656
🖂 mailto:sales@maximizemarketresearch.com
🌐 https://www.maximizemarketresearch.com
About Maximize Market Research:
Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of the majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.
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