Press release
Learning And Education Toys Market Size, Drivers, Trends, Competitors 2024-2033
Learning And Education Toys Market
The Business Research Company offers in-depth market insights through Learning And Education Toys Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The learning and education toys market size has grown strongly in recent years. It will grow from $54.33 billion in 2023 to $58.19 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to rise of educational philosophy, emphasis on stem education, innovations in construction toys, growth of educational tv and media, demand for language and literacy toys.
The learning and education toys market size is expected to see strong growth in the next few years. It will grow to $75.91 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to educational subscription services, cross-curricular and multifunctional toys, parental involvement and educational value, global expansion and emerging markets, innovation in augmented reality (AR) and virtual reality (VR) toys. Major trends in the forecast period include global shift in education approach, stem and steam education focus, interactive and tech-integrated toys, sustainability and eco-friendly toys, emphasis on early childhood development.
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Market Segmentation:
The learning and education toys market covered in this report is segmented -
1) By Product Type: Building Sets, Games And Puzzles, Sports And Outdoor Toys
2) By Age Group: Upto 5 years, 5 to 10 years, Above 10 years
3) By Distribution Channel: Hypermarket/Supermarket, Specialty Stores, Departmental Stores, Online Channels
Major Driver - Growing Preference For Educational And Strategy-Based Toys Sparks Surge In Learning And Education Toys Market Demand
The rise in demand for strategy-based and educational-based toys among children is driving the growth of the learning and education toys market. Educational toys are the objects of play, and they are generally designed for children, which stimulates learning. They are intended to meet an educational purpose, such as teaching a child about a particular subject or helping a child develop a particular skill. Strategy-based toys also improve the skills of the child. For instance, in August 2021, according to a survey by The NPD Group, U.S. toy industry dollar sales increased 19% from January to June 2021, growing $1.7 billion, to $11.0 billion in sales. Outdoor and Sports Toys also had the largest dollar gain of $280 million while Plush had the fastest dollar growth versus 2020 of 39%. Therefore, the rise in demand for strategy-based and educational-based toys among children is driving the growth of the learning and education toys market.
Competitive Landscape:
Major companies operating in the learning and education toys market report are The LEGO Group, Bandai Namco Holdings Inc., Hasbro Inc., VTech Holdings Limited, Atlas Games, Scholastic Corporation, TOMY Company Ltd., Fisher-Price Inc., Crayola LLC, Goliath Games, Melissa & Doug LLC, LeapFrog Enterprises Inc., Clementoni S.p.A., PlayMonster LLC, MindWare Holdings Inc., Ravensburger AG, Hape International Inc., Elenco Electronics Inc., Educational Insights, Fat Brain Holdings LLC, ThinkFun Inc., Geomagworld SA, Learning Without Tears, Alex Brands, Creativity for Kids, The Learning Journey International LLC, K'NEX Brands L.P., Galt Toys, Roylco Inc., Learning Wrap-Ups Inc., Be Amazing! Toys, OWI Inc., 4M Industrial Development Limited National, Geographic Partners LLC, Uncle Milton Industries Inc., Scientific Explorer
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Top Trend - Advanced Solutions Enhancing Learning And Educational Toys Market Interactive Experiences
Major companies operating in the learning and educational toys market are focusing on advanced solutions such as touch-sensitive technology to enhance interactive learning experiences and engage children more effectively. Touch-sensitive technology refers to interfaces or devices that respond to touch-based input or interactions. For instance, in April 2022, LeapFrog Enterprises Inc., a US-based provider of educational toys, launched new infant and preschool learning toys. The new items include My Pal Scout Smarty Paws, My Pal Violet Smarty Paws, Clean Sweep Learning Caddy, and Ironing Time Learning Set. The adorable My Pal Scout Smarty Paws and My Pal Violet Smarty Paws offer a special interactive experience. These new cuddly friends feature music, games, and mindfulness activities while introducing first words, counting, feelings, and emotions.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Learning And Education Toys Market Characteristics
3. Learning And Education Toys Market Trends And Strategies
4. Learning And Education Toys Market - Macro Economic Scenario
5. Learning And Education Toys Market Size And Growth
…..
27. Learning And Education Toys Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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