Toys Market: was valued at USD 141.2 billion in 2021. The Global Toys Market size is estimated to grow at a CAGR of 21.7 % over the forecast period.
Toys Market Overview:
The study is based on thorough research, qualitative and quantitative assessment by industry experts, and inputs from professionals in the field and supply chain players. The research examines parent market trends, macroeconomic data, and controlling variables in-depth, as well as Toys Market attractiveness by segment. The qualitative influence of key market variables on market segments and regions is also mapped out in the study.
Market Scope:
This study includes business screening for the client's specialty area, as well as up-to-date relevant data on strategic priorities such as consolidations, procurements, collaborations, developments, and product releases for top companies on a local scale for a variety of industries or markets depending on the client's billing cycle. Our data is continually updated and amended by a team of research specialists to reflect the most recent trends and facts. We have extensive research and consulting experience in a wide range of business disciplines, allowing us to meet the needs of both people and corporations. Our educated team includes unique sources of data as well as a number of alternative tactics
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Toys Market Key Players:
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.)
To extend their presence in emerging nations and eventually broaden their client base, the key players in the market are embracing different growth tactics such as agreements and strategic alliances, as well as new product debuts. The following are some of the major participants in the Toys market:
Toys Market Segmentation:
By Product, Dolls segment dominated the market with 30% share in 2021. Companies are releasing dolls of various characters that correspond to the plots of recently released blockbuster animated films. This is likely to boost such a segment's revenues. In the United States, for example, The Walt Disney Company released 'Triple Force Friday,' a collection of dolls inspired by the Star Wars film, in October 2020. Also, they are available in a variety of shapes and categories, including vintage, modern, and antique dolls, resulting in significant revenue from this area. These developments are also driving the demand of the segment.
Because parents are worried about their children's health and fitness, the outdoor and sports category is expected to grow at a CAGR of 8.97% through the forecast period. This element increases demand for outdoor base products like as play tents, pools, aeroplanes, and other similar items to assist their children in participating in various outside activities such as hiking, touring, camping, and other similar activities. Moreover, the increasing rate of consumer participation in sports is expected to drive segmental growth.
Toys Market Regional Analysis:
Factors affecting individual markets and changes in market laws affecting current and future marketing strategies are also covered in the Toys market research discussion. Some of the key factors used to predict the market situation for specific countries are consumption volume, processing facilities, and inventories, shipment analysis, predictive price models, and raw material prices. raw and upstream and downstream value chain analysis. While providing predictive analysis of the country data, the existence and affordability of global brands, as well as the obstacles they face due to significant or limited competition from domestic and national manufacturers, all taking into account the influence of tariff bases and shipping routes. .
COVID-19 Impact Analysis on Toys Market:
The COVID-19 outbreak resulted in a severe and prolonged decline in production efficiency, while travel bans and factory closures kept people away from their businesses, leading the Toys market to slow in 2020. The new research features pandemic's impact on the Toys market, as well as observations, research, estimations, and projections. The Stellar Toys Market Research study contains an in-depth examination of customer behavior in the aftermath of the virus, as well as its influence on the Toys market's outlook, classification, trends, and economic constraints.
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Key Questions Answered in the Toys Market Report are:
- What are the drivers motivating overall Toys market advancement in the upcoming period?
- What revenue potential is estimated from the Toys market’s transactions in the years ahead?
- What CAGR potential is forecasted for the Toys market in the approaching period?
- Who are the significant contenders functioning in the Toys market?
- Which region is leading the Toys market share at the end of the forecast period?
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