Press release
Educational Toy Market Anticipated CAGR of 8.54% Expected to Propel Market to US$ 132.54 Billion by 2029
Educational Toy Market
Educational toys, pivotal tools for fostering social, physical, cognitive, and emotional development in children, have garnered significant attention. The global Educational Toy Market, valued at US$ 74.68 Bn. in 2022, is poised to exhibit a robust CAGR of 8.54% during the forecast period, reaching an estimated worth of US$ 132.54 Bn. by 2029.
Educational toys encompass a diverse range, including sensory toys, athletic toys, construction toys, apps, electronic toys, and open-ended toys, contributing substantially to children's learning experiences.
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Educational Toy Market Dynamics:
Increasing Popularity of Smart Toys: The rising demand for smart toys, equipped with artificial intelligence and advanced features, has fueled market growth. With a market value of around US$ 11.72 Bn. in 2021, smart toys are projected to grow at a significant CAGR of 16.4% throughout the forecast period.
Rising Digitalization and Online Shopping: The growing prevalence of online shopping, coupled with the increasing digitalization of modern life, has significantly impacted the educational toy market. Approximately 2 billion people engaged in online transactions, contributing to an e-retail sales figure of around US$ 4.2 Trillion, with an estimated 24.5% sales share projected through the forecast period.
Proliferation of Unbranded Products: The market faces challenges due to the widespread circulation of unbranded products, particularly in major markets like India and China. The prevalence of fake and duplicate products, mainly manufactured in China, hampers market growth.
Inconsistent Prices of Raw Materials: Fluctuating prices of raw materials, exacerbated by the impact of COVID-19, pose a constraint to the educational toy market. The inconsistent pricing of raw materials acts as a barrier to market expansion.
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Educational Toy Market Regional Insights:
North America Dominates with a 38% Market Share:
The North American region commands a significant market share of 38%, driven by a preference for made-in-USA products. Retailers and consumers alike demand educational toys manufactured in the USA, citing advantages such as lower prices, faster shipments, and superior product quality.
Asia Pacific Emerges as Fastest-Growing Region:
With a large customer base and initiatives like Make in India, the Asia Pacific region is poised to grow at the fastest CAGR. The market benefits from a massive population, with India alone having around 17 million babies aged 0-4 years in 2021.
Educational Toy Market Segmentation:
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.
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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
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About Maximize Market Research:
Maximize Market Research is a multidisciplinary market research and consulting company staffed by professionals from various industries. Its coverage spans medical devices, pharmaceutical manufacturing, science and engineering, electronic components, industrial equipment, technology and communication, automotive, chemical products, general merchandise, beverages, personal care, and automation systems. The company provides industry-verified market estimations, technical trend analysis, essential market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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