Press release
Rise In Disposable Income Boost Construction Toys Market: A Key Factor Shaping the Future of the Construction Toys Market in 2025
Construction Toys
The projection for the construction toys market's growth is being fuelled by an expected increase in disposable income. The upward trend in leisure expenditure across the world is due to this improved disposable income, with consumers eager to elevate their living standards by procuring an extensive array of consumer and leisure products such as toys. As reported by the Office for National Statistics, a UK-based executive division of the UK Statistics Authority, in September 2024, the gross disposable household income (GDHI) in the UK saw a 6.3% rise in 2022 compared to 2021. Breaking it down, England's GDHI growth was 6.5%, whereas Northern Ireland, Scotland, and Wales noted increases of 6.3%, 5.5%, and 4.4% respectively. This surge in disposable income mirrors a rebounding economy and diverse regional fiscal circumstances throughout the UK. As such, the escalation in disposable income is a driving force behind the construction toys market's expansion.
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What is the future CAGR of the construction toys market, and how will it impact industry expansion?
In the recent past, the market size for construction toys has seen vigorous growth. This market is projected to rise from $11.05 billion in 2024 to $11.81 billion in 2025, recording a compound annual growth rate (CAGR) of 7.0%. The expansion during the historical period is due to factors such as educational value, tradition and legacy, durability and longevity, licensed themes, benefits in social and cognitive development, and gender-neutral appeal.
The market size for construction toys is projected to experience substantial growth in the coming years, reaching a value of $16.45 billion in 2029 with a compound annual growth rate (CAGR) of 8.6%. The predicted growth during the forecast period can be associated with the expansion of e-commerce, focus on sustainability, inclusive toy designs, increasing parental awareness, the emergence of maker culture, and an emphasis on safety standards. Key trends during this forecast period involve the integration of STEM learning, application of augmented reality (AR), the growth of licensing partnerships, the introduction of modular and customizable sets, the use of digital technology for interactive play, and the availability of 3D printing options.
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What are the most significant trends transforming the construction toys market today?
The construction toys market is expected to grow due to a unique trend known as product innovation which is gaining ground. Large corporations within the market are putting forth innovative product designs in order to maintain their competitiveness. In exemplification of this trend, the Germany-based toy company, Ravensburger, declared in October 2023 the release of its newest creation, GraviTrax Starter-Set Bounce, a great gift for children who enjoy learning through construction play. GraviTrax is a construction toy STEM track system designed for children above eight years, enabling them to construct creative marble runs and initiate their marbles' movement. The GraviTrax system is an ideal educational toy that helps kids understand gravity, magnetism, and kinetic energy, all while offering abundant fun. Additionally, it encourages problem-solving skills due to its rebuildable features that offer endless new experiences.
Which key market segments comprise the construction toys market and drive its revenue growth?
The construction toys market covered in this report is segmented -
1) By Product: Bricks And Blocks, Tinker Toy, Other Products
2) By Raw Material: Wood, Polymer, Metal, Other Raw Materials
3) By Distribution Channel: Super markets And Hyper markets, Convenience Stores, Online
Subsegments:
1) By Bricks And Blocks: Building Bricks, Foam Blocks, Magnetic Building Blocks
2) By Tinker Toy: Classic Tinker Toy Sets, Modern Tinker Toy Variants, Specialty Tinker Kits
3) By Other Products: Construction Vehicles, Construction Kits, Role-Playing Construction Sets
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What regions are at the forefront of construction toys market expansion?
North America was the largest region in the construction toys market in 2024. The regions covered in the construction toys market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the construction toys market?
Major companies operating in the construction toys market include LEGO Group, BANDAI NAMCO Holdings Inc., Hasbro Inc., Mattel Inc., VTech Holdings Limited, Kawada Ltd., Tegu Inc., Mega Brands Inc., Melissa & Doug Corporation, Spin Master Corp., Magformers International Inc., Hornby Hobbies Limited, Learning Resources Inc., PlayMonster LLC, K'NEX Brands L.P., Revell GmbH, Gebrüder Märklin & Cie. GmbH, Enlighten Bricks Co. Ltd., Geomagworld S.p.A., Cobi Sp. z o.o., Meccano Ltd., Thames & Kosmos LLC, The Tinkershop LLC, Tamiya Inc., Schylling Inc., KnuckleStrutz LLC, Polydron Educational Ltd., Wange Laoxing Toys Co. Ltd., Xingbao Group Co. Ltd., LaQ Co. Ltd.
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What Is Covered In The Construction Toys Global Market Report?
•Market Size Forecast: Examine the construction toys market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the construction toys market for a structured understanding.
•Key Players Overview: Analyze major players in the construction toys market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the construction toys market.
•Segment Contributions: Evaluate how different segments drive overall growth in the construction toys market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the construction toys market.
•Industry Challenges: Identify potential risks and obstacles affecting the construction toys market.
•Competitive Landscape: Review strategic developments in the construction toys market, including expansions, agreements, and new product launches.
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