Press release
Global Toys Market Expected to Reach USD 254.49 Billion in 2023, Projected to Grow at an Impressive 21.7% CAGR Through Forecast Period
Toys Market
๐๐จ๐ฒ๐ฌ ๐๐๐ซ๐ค๐๐ญ was valued at USD 254.49 billion in 2023. The Global Toys Market size is estimated to grow at a CAGR of 21.7 % over the forecast period.
๐๐จ๐ฒ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
Toys play a crucial role in children's mental development by enhancing their cognitive abilities and decision-making skills. The toy market encompasses various segments, including brain training, physical activity, promotional products, and collectibles. Festivals are often a key strategy for companies to promote different types of toys to children.
The toys market is segmented by Product, Age Group, Distribution Channel, and Geography. In terms of Product, it is categorized into Dolls, Outdoor and Sports Toys, Building and Construction Sets, Infant and Preschool Toys, Games and Puzzles, and Others. Based on Age Group, the market is divided into 0-3 Years, 3-5 Years, 5-12 Years, 12-18 Years, and 18+ Years. Distribution Channels include Online and Offline platforms. Geographically, the market spans North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. Market sizing and forecasts for each segment are presented in terms of value (in USD Billion).
๐๐ง๐ฅ๐จ๐๐ค ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐จ๐ ๐๐ฎ๐ซ ๐๐๐ญ๐๐ฌ๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ:https://www.stellarmr.com/report/req_sample/Toys-Market/539
๐๐ก๐๐ญ ๐๐ซ๐ ๐๐จ๐ฒ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ฒ๐ง๐๐ฆ๐ข๐๐ฌ?
Companies are focusing on delivering a wide range of engaging products that captivate children as they unpack, driving the growth of the toy market. For instance, in August 2021, Lego System A/S introduced a sailing adventure set exclusively for its LEGO VIP members. Additionally, the rising trend of gift-giving globally is expected to further fuel product demand in the toy market.
Scented toys have gained popularity, offering a calming fragrance to children. The increasing interest in brain-training cubes and educational board games is also expected to drive market growth.
Manufacturers are launching various themed dolls targeted at children's festivals, which has positively impacted revenue. For example, in July 2020, during the autumn season in the U.S., MGA Entertainment Inc., a leading children's entertainment company, launched Rainbow High Fashion Dolls, a new brand of dolls. Such initiatives are bolstering the global growth of the toys market.
๐๐ก๐๐ญ ๐๐ซ๐ ๐๐จ๐ฒ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ?
North America led the market with a 37% share in 2023. The region's dominance is attributed to higher spending on entertainment products like toys, hobbies, and playground equipment. In the United States, average spending on entertainment-related devices reached USD 3.05 million in 2019. Additionally, growing gift-giving trends among consumers are driving the region's market expansion.
The Asia-Pacific region is expected to witness the fastest growth due to recent government initiatives in countries like India, China, and Japan aimed at fostering local manufacturing. For instance, the Indian government introduced the Production Linked Incentive (PLI) scheme in April 2020 to boost domestic production, helping meet local demand and supporting market growth. Moreover, the rising popularity of art and craft-based toys among children in China is also contributing to the market's expansion.
๐ ๐๐๐ ๐๐๐ญ ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ! @https://www.stellarmr.com/report/req_sample/Toys-Market/539
๐๐ก๐๐ญ ๐ข๐ฌ ๐๐จ๐ฒ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง?
by Product
Dolls
Outdoor and Sports Toy
Building and Construction Set
Infant and Preschool Toy
Games and Puzzles
Others
by Age Group
0-3 Years
3-5 Years
5-12 Years
12-18 Years
18+ Years
by Distribution Channel
Offline
Online
๐๐จ๐ฆ๐ ๐จ๐ ๐ญ๐ก๐ ๐๐ฎ๐ซ๐ซ๐๐ง๐ญ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐จ๐ฒ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐:
Lego System A/S (Denmark)
Hasbro Inc. (U.S.)
Mattel Inc. (U.S.)
Ravensburger Holding GmbH & Co. KG(Germany)
Spin Master(Canada)
MGA Entertainment Inc. (U.S.)
PAI Partners(France)
Nintendo Co. Ltd. (Japan)
Radio Flyer (U.S.)
A.L. Lindsay & Company(Australia)
Artsana Group (Italy)
K'Nex Industries Inc. (U.S.)
๐ ๐จ๐ซ ๐๐จ๐ซ๐ ๐๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง ๐๐๐จ๐ฎ๐ญ ๐๐ก๐ข๐ฌ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐ฅ๐๐๐ฌ๐ ๐๐ข๐ฌ๐ข๐ญ:https://www.stellarmr.com/report/Toys-Market/539
๐๐๐ฒ ๐๐๐๐๐ซ๐ข๐ง๐ ๐ฌ:
Past Market Size and Competitive Landscape
Market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
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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๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ญ๐๐ฅ๐ฅ๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
S.no.8, h.no. 4-8 Pl.7/4, Kothrud,
Pinnac Memories Fl. No. 3, Kothrud, Pune,
Pune, Maharashtra, 411029
sales@stellarmr.com
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Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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