Global Construction Toys Market to Reach $18.5 Billion by 2030
The global market for Construction Toys estimated at US$14.5 Billion in the year 2023, is expected to reach US$18.5 Billion by 2030, growing at a CAGR of 3.6% over the analysis period 2023-2030. Traditional Blocks & Plates, one of the segments analyzed in the report, is expected to record a 3.8% CAGR and reach US$7.2 Billion by the end of the analysis period. Growth in the Architecture segment is estimated at 2.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $3.9 Billion, While China is Forecast to Grow at 6.2% CAGR
The Construction Toys market in the U.S. is estimated at US$3.9 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.8 Billion by the year 2030 trailing a CAGR of 6.2% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.8% and 4.3% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 1.6% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.5 Billion by the year 2030.
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