Press release
Online Toys and Games Retailing Market Report, Size, Share, Growth, Trends, Forecast to 2033
Online Toys and Games Retailing Market
The new report published by The Business Research Company, titled Online Toys And Games Retailing Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.
As per the report, the online toys and games retailing market size has grown strongly in recent years. It will grow from $16.59 billion in 2023 to $18.18 billion in 2024 at a compound annual growth rate (CAGR) of 9.6%. The online toys and games retailing market size is expected to see strong growth in the next few years. It will grow to $26.35 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%.
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What Is Driving The Growth Of The Global Online Toys And Games Retailing Market?
Rapid Growth Of E-Commerce Fuels Online Toys And Games Market
Increasing consumer preference for online shopping and e-commerce is expected to propel the growth of the online toy and game retail market going forward. Consumer preference for online shopping and e-commerce is increasing due to the convenience of home shopping, wider product selection, and the ability to easily compare prices across multiple platforms. Online shopping and e-commerce are useful for online toy and game retail by providing a convenient shopping experience, offering a vast selection of products, enabling easy price comparisons, and allowing retailers to reach a global audience. For instance, in May 2024, according to the United States Census Bureau, a US-based government agency, the first quarter of 2024 total e-commerce sales in the US rose by 8.6 percent (±1.1%) compared to the first quarter of 2023. Therefore, the rapid expansion of e-commerce is driving the growth of the cushion packaging market.
What Is The Key Trend In The Global Online Toys And Games Retailing Market?
Online Marketplace Enhances Product Range And Customer Convenience
Major companies operating in the online toy and game retail market are focusing on prioritizing the expansion of digital platforms, such as online e-commerce marketplaces, to enhance the customer experience, increase sales, and expand their market reach. An online e-commerce marketplace refers to a digital platform where multiple sellers can list and sell their products or services, and consumers can browse, compare, and purchase from a wide range of offerings in one place. For instance, in June 2024, Tesco PLC, a UK-based retail company, launched a new online marketplace, allowing customers to shop thousands of third-party products alongside Tesco's grocery offerings on Tesco.com and the Tesco app. The initial launch features around 9,000 products across categories such as DIY, garden, homeware, toys, and games. These third-party products are sold and fulfilled directly by Tesco's trusted partners, while Tesco's grocery orders continue to be fulfilled from local stores or fulfillment centers. Tesco is ensuring these sellers meet robust requirements and standards for delivery speed, returns, and customer satisfaction and will monitor their performance on an ongoing basis.
How Is The Global Online Toys And Games Retailing Market Segmented?
The online toys and games retailing market covered in this report is segmented -
1) By Type: Plush Toys, Infant Or Pre-School Toys, Activity And Ride-On Toys, Dolls, Games And Puzzles, Outdoor Seasonal Toys, Other Types
2) By Distribution Channel: E-Commerce Websites, Brand Stores, Marketplaces
3) By Application: School Age Children, Teens, Infants, Toddlers
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How Is The Competitive Landscape Of The Global Online Toys And Games Retailing Market?
Major companies operating in the online toys and games retailing market are Kohl's Corporation, LEGO System A/S, Nordstrom Inc., Mattel Inc., GameStop Corporation, Hasbro Inc., Barnes & Noble Inc., TOMY Company Ltd. , Ravensburger AG, BFL Group, Oompa Toys, Simba Dickie Group GmbH, UncommonGoods LLC, Hamleys of London Ltd, Tru Kids Inc., Le Toy Van Limited, Babesta LLC, Kidding Around Toys, Mary Arnold Toys, Tin Toy Arcade LLC, Toycra, ToysPlanet LLC
Contents Of The Global Online Toys And Games Retailing Market
1. Executive Summary
2. Online Toys And Games Retailing Market Report Structure
3. Online Toys And Games Retailing Market Trends And Strategies
4. Online Toys And Games Retailing Market - Macro Economic Scenario
5. Online Toys And Games Retailing Market Size And Growth
…..
27. Online Toys And Games Retailing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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