Global Toys Market to 2027
Global Toys Market to 2027
Market Overview
Toys and a=games are important to build motor skills, and hand-eye co-ordination of babies as well as children. Increase in per capita disposable income as well as high birth rate thereby having positive impact on market growth. Also, toys are helpful in stimulation of color, sense, texture, and sounds in babies. Toys are categorized into various age groups such as 0-3 Year, 3-5 Year,5-12 Year, and Other.
Market Drivers
Commercialization of cartoons such as Ironman, Superman, Spiderman, and Doraemon is the key driving factor which is expected to boost the global toys market growth. Increase in disposable income will have the positive impact on market growth. Increase in demand for smart toys is expected to fuel the market growth. Also, high birth rate with rising income is an opportunity to grow toys market across the world. Launch of educational gaming toys such as puzzles which is expected to drive the market during this forecast period.
Market Restraints
However, lack of other hobbies and poor academic performance are the restarting factors which are expected to hamper the global toys market growth. Also, rise in counterfeit products will affect the market growth.
Market Segmentation
Global Toys Market is segmented into product type such as Outdoor Sports Toys, Doll and Accessories, Construction Toys, Infant and Pre-School Toys, Games & Puzzles, and Others, by age group such as 0-3 Year, 3-5 Year,5-12 Year, and Other. Further, market is segmented into distribution channel such as Retail, Specialty Stores, Online Stores, and Others.
Also, Global Toys Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as Lego Group, Mattel Inc, Bandai Namco Holdings Inc., Takara Tomy Co.Ltd, Hasbro Inc, MEGA Bloks, Monster High, Masked Rider, My Little Pony, and TOMICA
Market Taxonomy
By Product Type
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