Global Jigsaw Puzzle Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Jigsaw Puzzle Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Jigsaw Puzzle market finds that the global Jigsaw Puzzle market reached a value of USD 703.22 million in 2022. It’s expected that the market will achieve USD 728.92 million by 2028, exhibiting a CAGR of 0.6% during the forecast period.

Jigsaw puzzles are not only beneficial to the development of children's fine motor skills, but also an ideal tool for training the mind, frustration and the ability to face new challenges for adults. Putting together a puzzle as a family is not only beneficial for the mind but it also helps to promote family unity, teamwork and interpersonal communication skills.

First of all, Jigsaw Puzzle is a healthy and intelligent entertainment game. The increasing demand for children and adults will continue to promote the development of the market.
Secondly, as the population aging trend becomes more obvious and the number of people suffering from Alzheimer's disease increases. The release of the Educa Senior series has become the ideal psychological exercise method for the elderly, and has also provided great benefits in the treatment of Alzheimer's disease, Alzheimer's disease and stroke rehabilitation. It is expected that the consumption Jigsaw puzzles among the elderly will increase in the future.
In addition, as manufacturing costs abroad will increase, such as raw materials, labor costs, etc., the relocation of manufacturing plants to the Asia-Pacific region has become a trend. And the growing economy in the Asia-Pacific region and the increasing consumer demand for entertainment will promote the development of the market.

In 2020, Covid-19 broke out. Affected by the epidemic, people reduced their outing activities, and Jigsaw Puzzle became a more popular pastime and entertainment method. According to White Mountain Puzzles, one of the top puzzle brands in the United States, said people are becoming jigsaw junkies. They have a lot of puzzles out of stock and the ones in stock can take up to two weeks to ship because of the sheer amount of orders they are receiving right now. During the epidemic, the demand for Jigsaw Puzzle has greatly increased, and sales after the epidemic are expected to decline.

Low price competition

As a labor-intensive industry, product homogeneity in the global market is very serious. The price competition is fierce and the profit margin of manufacturers is continuously decreasing, so low-price competition will become one of the obstacles.
In addition, because the technical requirements of Jigsaw Puzzle are not very high, the barriers to entry of the industry are relatively low, thus facing the threat of new entrants and the threat of substitution of cheap products.

Rising labor costs

With the development of the economy, people have higher demands on wages, which has led to an increase in labor prices in various regions of the world. In view of the fact that the production of Jigsaw Puzzle requires more labor, the cost of manufacturers increases as labor costs increase.

Fluctuation in raw material prices

Raw materials occupy an important market share in the production of the entire Jigsaw Puzzle. As the price of raw materials rises, the manufacturing costs of the manufacturers will be increased, thereby reducing the profits that manufacturers can obtain.

Region Overview:

Asia Pacific dominated the Jigsaw Puzzle market in 2021, with a market share of 47.86%.

Company Overview:

Ravensburger is one of the major players operating in the Jigsaw Puzzle market, holding a share of 13.33% in 2020.

Ravensburger Jigsaw Puzzle

Ravensburger Spieleverlag GmbH develops and designs games. Since 1891, they have been making the most beautiful puzzles in Ravensburg, Germany. The Company offers puzzles, art and craft sets, books, learning games, toys, and other games for different age groups. Ravensburger Spieleverlag markets its products worldwide.

Buffalo Games Jigsaw Puzzle

Buffalo Games, Inc. designs, manufactures, and supplies electronic products. The Company offers jigsaw puzzles and party games, electronic toys and youth electronics products.
Buffalo Games is an American company that specializes in board games and puzzles, headquartered in Buffalo, New York. Founded in 1986, Buffalo Games continues to develop its products, with most manufacturing taking place in the United States. Buffalo's product line has often included popular artists and licenses such as Disney, Pixar, Star Wars, Peanuts, The Muppets, Looney Tunes, The Simpsons, NFL, Coca-Cola, Harley-Davidson, NASCAR, M. C. Escher, Vincent van Gogh, and Norman Rockwell.

Segmentation Overview:

Among different product types, Paper Materials segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Children segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Jigsaw Puzzle market covered in Chapter 3:

Piatnik
Schmidt Spiele
Disney
Educa Borras
Ravensburger
White Mountain Puzzles
Artifact Puzzles
Tenyo
Castorland
Trefl
Springbok Puzzles
Buffalo Games

In Chapter 4 and Chapter 14.2, on the basis of types, the Jigsaw Puzzle market from 2018 to 2029 is primarily split into:

Wood Materials
Plastic Materials
Paper Materials

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Jigsaw Puzzle market from 2018 to 2029 covers:

Children
Adults

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)