Wooden Toys Market: Present Scenario and the Growth Prospects with Forecast 2025
The wooden toys market has been undergoing rapid changes and has been witnessing consistent innovations in these products. Wooden toys are considered to be safe, as compared to other toys, as they do not possess sharp edges. These toys last long without suffering major breakages. Additionally, traditional wooden toys are manufactured from natural resources, which are mostly non-toxic and are often recycled, which makes them eco-friendly.
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A major factor driving the global wooden toys market is the rising population of kids across the world. Increasing urbanization and rising awareness about the benefits of wooden toys are also fuelling the wooden toys market. Furthermore, there has been a major shift in the buying behavior for traditional toys, globally.
Gradually, a significant shift toward educational toys and art & craft has been witnessed, as parents are focusing more on providing education through fun activities. However, the market is witnessing high volatility in the price of wooden toys. Which is restraining the wooden toys market.
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The global wooden toys market can be classified based on product type, end-user, distribution channel, age group, and geography. Based on product type, the wooden toys market can be segregated into construction sets, dolls, miniatures, vehicles, collectibles, physical activity, puzzles, and others.
In terms of age group, the market can be segmented into 0-12 month, 1-3 years, 3-5 years, 5-12 years, and more than 12 years. Based on end-user, the global wooden toys market can be classified into residential and commercial. Based on distribution channel, the wooden toys can be split into online and offline. The offline segment of the global wooden toys market can be further sub-segmented into supermarkets and hypermarkets, convenience stores, and others. Hypermarkets and supermarkets have a strong presence in the current market.
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In terms of geography, the global wooden toys can be segmented into Asia Pacific, Europe, North America, South America, and Middle East & Africa. North America is expected to hold a prominent share of the global wooden toys market. The market in Asia Pacific is anticipated to expand during the forecast period due to the increasing population in emerging economies such as India and China.
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