Toys Market CAGR to be at 2.5% | $103.8 Billion Industry Revenue by 2027

According to the report published by Allied Market Research, the global toys market generated $92.2 billion in 2019, and is projected to reach $103.8 billion by 2027, witnessing a CAGR of 2.5% from 2021 to 2027. The report provides a detailed analysis of changing market dynamics, top winning strategies, key segments, regional landscape, key investment pockets, and competitive scenario.

Increase in demand for strategy-based & educational based toys among the children and aggressive marketing strategy of online platforms drive the growth of the global toys market. However, the increased tariffs on Chinese goods as china is the major exporter of toys hinder the market growth. Contrarily, supportive government initiatives to promote local production present new opportunities in the next few years.

Download Sample Copy Of this Report@ https://www.alliedmarketresearch.com/request-sample/8674

The report provides detailed segmentation of the global toys market based on product type, age group, sales channel and region.

Based on product type, the sports and outdoor toys segment contributed to nearly one-fifth of the total market share in 2019, and is estimated to continue its lead position during the forecast period.However, the action figures segment is projected to portray the highest CAGR of 5.6% from 2021 to 2027.

By sales channel, the specialty stores segment held aroundone-third of the total share of the global toys market in 2019, and is estimated to maintain its dominance in terms of revenue throughout the forecast period.However, the online channels segment is projected to portray the highest CAGR of 4.5% from 2021 to 2027.

Send Me Enquire hEre@ https://www.alliedmarketresearch.com/purchase-enquiry/8674

Based on region, North America contributed to the highest market share in 2019, accounting for more than one-third of the total share, and will maintain its leadership status by 2027. On the other hand, Asia-Pacific is expected to witness at the highest CAGR of 5.4% during the forecast period.

Leading players of the global toys market analyzed in the research includeAtlas Games

Goliath Games

Clementoni S.p.A.

The LEGO Group

Hasbro, Inc.

Ravensburger AG

Mattel, Inc.

VTech Holdings

Tomy Company, Ltd.

Thames & Kosmos

LIMITED-TIME OFFER - Buy Now & Get Exclusive Discount on this Report https://www.alliedmarketresearch.com/checkout-final/27abc3156ef011d64afa907a87336d0b

Key Findings Of The Study
By region, Asia- is anticipated to grow with robust CAGR of 5.4% during the forecast period.
By product type, the sports and outdoor toys segment led in terms of toys market share, in 2019; however action figure segment is expected to gain market share in the upcoming years.
By age group, the 5 to 10 Years segment accounted for about two-fifth share of the toys market in 2019; however, the children toys market segment is poised to grow at the highest CAGR during the forecast period.
By sales channel, the online channels segment is expected to gain market share in the upcoming years and is estimated to grow at a CAGR of 4.5% during the toys market forecast period.

Key Benefits for Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the toys market analysis from 2022 to 2032 to identify the prevailing toys market opportunities.

The market research is offered along with information related to key drivers, restraints, and opportunities.

Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.

In-depth analysis of the toys market segmentation assists to determine the prevailing market opportunities.

Major countries in each region are mapped according to their revenue contribution to the global market.

Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.

The report includes the analysis of the regional as well as global toys market trends, key players, market segments, application areas, and market growth strategies.

Know More- https://www.globenewswire.com/en/news-release/2021/01/11/2156416/0/en/Global-Toys-Market-to-Reach-103-8-Billion-by-2027-Allied-Market-Research.html

Explore AMR's Extensive ongoing Coverage on Consumer and Goods Domain
Baby Sleepwear Market https://www.alliedmarketresearch.com/baby-sleepwear-market-A09415
Baby Stroller Market https://www.alliedmarketresearch.com/baby-stroller-market-A12946

Contact:
Davin Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
Follow Us on | Facebook | LinkedIn | YouTube |

About Us:
Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides end-to-end solutions along with information, education, advocacy, and networking resources to SMEs and early-stage start-ups to bring excellence to their processes. In addition, we offer a nurturing environment required to develop and grow businesses, including business planning; virtual support; market intelligence; acquiring resources; and getting direct access to finance, suppliers, and other experts to boost the growth of businesses and entrepreneurs.

Our bundled and hassle-free business support systems are customized to meet the needs of SME consultants and industry leaders. Moreover, our large network of skilled consultants and experts help start-ups get the business on a roll.

This release was published on openPR.