openPR Logo
Press release

Indian STEM Toys Market Size Report Predicts Healthy Growth with Demand & Forecasts by 2031

02-14-2024 12:12 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Indian STEM Toys Market Size Report Predicts Healthy Growth with

The Indian market for STEM toys has high potential to unlock as India has the largest population of children and adolescents reaching 25.3% in 2022. STEM toys stand for science, technology, engineering, and mathematics toys. The STEM toys market in India is estimated to grow at a CAGR of 8.5% during 2024-2031, opening doors for existing players to upgrade and new entrants to bring innovative STEM toys into the market. The growing young population, inclusion of tech and science in education, growing disposable income, and urbanization, among others are the key driving factors supporting the market growth in India. This article will uncover the secrets of the Indian STEM toys market for everyone to learn about the potential and opportunities this market possesses-

To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/india-stem-toys-market

Secrets of the Indian STEM Toys Market

• The government of India has supported the production and manufacturing of STEM toys in India through its Production Linked Incentive (PLI) scheme. The Indian Government in August 2023 decided to utilize their $23.70 billion funds for the PLI scheme by investing in toys, leather, and footwear production.

• The growing inclusion of STEM toys for education purposes has also been supporting the market growth. Innovative market players are investing in the creation of toys that support the purpose of education by making it more fun and are collaborating with various schools and education hubs. For instance, in July 2022, ThinkerPlace collaborated with Pune schools to introduce pre-school STEM DIY kits.

• Integration of technology and AI in the creation of STEM toys is supporting the market growth. These smart toys are not only escalating the learning process of a student but also making a child future-ready. For instance, Sphero launched an electronic building block set called LittleBits Code Kit that allows children to create interactive toys and gadgets. The purpose of this STEM toy is to incorporate coding and programming skills in the kid from the beginning of their learning cycle.

A full report of Indian STEM Toys Market is available at: https://www.omrglobal.com/industry-reports/india-stem-toys-market

• Market players are raising large funds for the development of STEM toys. For instance, in a series B funding round led by Inventus, PlayShifu raised $17 million for the creation and production of STEM toys in 2021.

• Growing demand for creative and new-age toys is primarily driving the market growth. Many e-commerce players in India have reported a high rise in the sale of STEM toys online. For instance, Flipkart, one of the biggest Indian e-commerce players has reported 150% Year-on-Year (YoY) growth in the sale of STEM toys in 2021.

Even with such high potential and growth opportunities, the Indian STEM toys market is still dominated by a few key market players and these market players are generating major sales and profits in the market. Elenco Electronics, Inc., Hasbro, Inc., LEGO System A/S, Mattel, Melissa & Doug, Smartivity, and Spin Master are some of the major players operating in the Indian STEM toys market. The reason behind the success of these companies in India is bringing innovation and technology to make toys smarter.

Related Report

https://www.somosxbox.com.mx/noticias-urgente/cuota-de-mercado-de-fotosintesis-artificial-tendencias-perspectivas-futuras-analisis-y-pronostico-2023-2029/115249/

https://ekz-crosstour.ch/news/wachstum-analysebericht-anteil-trends-und-ueberblick-des-online-gaming-marktes-im-asiatisch-pazifischen-raum-2023-2029/120841/

Media Contact:

Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Indian STEM Toys Market Size Report Predicts Healthy Growth with Demand & Forecasts by 2031 here

News-ID: 3384289 • Views:

More Releases from Orion Market Research

Hair Accessories Market Poised for Strong Growth Driven by Gen Z Trends and Sustainability Preferences
Hair Accessories Market Poised for Strong Growth Driven by Gen Z Trends and Sust …
Hair accessories market was valued at $23.8 billion in 2024 and is projected to reach $55.2 billion in 2035, growing at a CAGR of 8.2% during the forecast period (2025-2035). Generation Z, with significant disposable income, is transforming the hair accessories category in a major way. Their close connection to trends creates a unique feeling of urgency to self-express through fashion, such as clips, scrunchies, and barrettes. It has become
Railway Management System Market Size Analysis, Competitive Insights, Leading Players and Growth Opportunities by 2033
Railway Management System Market Size Analysis, Competitive Insights, Leading Pl …
Railway System (or Railway Management System) market was valued at approximately USD 28.28 billion, and it is expected to reach about USD 45.19 billion by 2033, growing at a CAGR of around 4.8% from 2024 to 2033. Railway Management System Market Overview The Railway Management System market includes technologies and systems used to plan, monitor, and manage railway operations-everything from traffic and signaling systems to asset and maintenance management, passenger information,
Monocalcium Phosphate Market Size Analysis, Competitive Insights, Leading Players and Growth Opportunities by 2033
Monocalcium Phosphate Market Size Analysis, Competitive Insights, Leading Player …
Monocalcium Phosphate market was valued at about USD 4.2 billion, and it is anticipated to reach around USD 6.9 billion by 2033, growing at a CAGR of approximately 5% from 2023 to 2033. Monocalcium Phosphate Market Overview Monocalcium phosphate (MCP) is a calcium-phosphorus compound widely used in animal feed, fertilizers, and also in food and beverage applications (for example as leavening agent or acidity regulator), due to its solubility and bioavailability. The
Automotive Lubricants Market Size Analysis, Competitive Insights, Leading Players and Growth Opportunities by 2033
Automotive Lubricants Market Size Analysis, Competitive Insights, Leading Player …
Automotive Lubricants Market was valued at approximately USD 70.44 billion. By 2033, it is expected to reach around USD 107.09 billion, growing at a CAGR of about 3.3% from 2025 to 2033. Automotive Lubricants Market Overview The automotive lubricants market consists of products like engine oils, gear oils, greases, hydraulic fluids, and transmission fluids that reduce friction, wear and tear, and improve efficiency and lifespan of vehicle components. Demand is driven by

All 5 Releases


More Releases for STEM

Animal Stem Cell Therapy Market Worth Observing Growth| Cell Therapy Sciences, M …
Advance Market Analytics published a new research publication on "Animal Stem Cell Therapy Market Insights, to 2030" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Animal Stem Cell Therapy market was mainly driven by the increasing R&D spending across the world. Some of
Introducing My STEM Resume: The Ultimate Solution for STEM Professionals
As STEM industries continue to grow, so does the demand for qualified professionals. Yet, many STEM students and professionals face challenges in effectively showcasing their skills and experience to prospective employers. Recognizing this need, Brendon, a seasoned STEM professional, has developed a groundbreaking solution: My STEM Resume. My STEM Resume is a cutting-edge app designed specifically for STEM professionals, offering a comprehensive suite of tools to streamline the resume creation and
Animal Stem Cell Therapy Market 2022: Allogeneic Stem Cells Popular Sourcing Cho …
The global animal stem cell therapy market recorded sales of around US$ 249.9 Mn in 2021 and the market is predicted to experience healthy growth over the years ahead at a CAGR of 5.2% (2022 to 2032). Request For Free Sample Report of "Animal Stem Cell Therapy Market"@ https://www.persistencemarketresearch.com/samples/14941 Animal stem cell therapies are treatments for disorders such as arthritis, soft tissue injuries, traumatic fractures, tendonitis, inflammatory bowel disease, and others that
Animal Stem Cell Therapy Market 2021 Research Report by Experts- Magellan Stem C …
Global Animal Stem Cell Therapy Market Size, Status and Forecast 2022 The Global Animal Stem Cell Therapy Market Research Report 2022-2027 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive
Stem Cells Market: Development of Infrastructure to Drive Global Stem Cells Mark …
In the global stem cells market a sizeable proportion of companies are trying to garner investments from organizations based overseas. This is one of the strategies leveraged by them to grow their market share. Further, they are also forging partnerships with pharmaceutical organizations to up revenues. Read Report Overview - https://www.transparencymarketresearch.com/stem-cells-market.html In addition, companies in the global stem cells market are pouring money into expansion through multidisciplinary and multi-sector collaboration for large
Global Animal Stem Cell Therapy Market Detailed Analysis 2018-2025 : MediVet Bio …
Qyresearchreports include new market research report “Global Animal Stem Cell Therapy Market Research Report 2018” to its huge collection of research reports. Animal stem cell therapy is a usage of animals stem cell to treat a disease or disorder. The ability of stem cell is to divide and differentiate into a cell with specialized function useful for repairing body tissues damaged by injury or disease. The animal stem cell therapy process