Toys Market Poised to Reach a Valuation of USD 275.65 Billion by the End of 2030 | Market Research Future
Research Reports
Aug 14, 2023
Market Research Future Insights
According to MRFR analysis, the toys market is expected to register a CAGR of 5.2% from 2022 to 2030 and hold a value of over USD 275.65 billion by 2030.
The world of toys is a vibrant and ever-changing landscape that continues to captivate the hearts and minds of children and adults alike. From traditional playthings to cutting-edge technological wonders, the toys market has witnessed remarkable transformations over the years. The global market has witnessed steady growth, buoyed by factors such as rising disposable income, changing lifestyles, and the enduring demand for play and entertainment. According to industry reports, the toys market is projected to continue its upward trajectory, embracing both traditional and modern aspects of play.
The COVID-19 pandemic had a mixed impact on the toys market. The prolonged lockdowns and social distancing measures have led to an increase in demand for toys and games as more people are spending time at home. Parents are looking for ways to keep their children entertained and occupied, and toys have become an important tool for that purpose.
The COVID-19 pandemic has also disrupted the global supply chain and manufacturing process of toys, which has led to shortages and delays in the delivery of some products.
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Key Players
Some of the key market players are:
- BANDAI NAMCO Entertainment Europe S.A.S
- LEGO System A/S
- Hasbro
- Mattel
- JAKKS Pacific Inc.
Market Segmentation
The toys market has been segmented into type and end-user.
Based on the type, the market has been segmented into preschool toys, soft toys and dolls, action toys, arts and crafts toys, construction toys and vehicles.
Based on the end-user, the market has been segmented into store-based and non-store-based.
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Regional Analysis
The Asia Pacific is currently the largest region in terms of market size and growth. The toys market is a global industry, and its size and growth are influenced by various factors such as population demographics, disposable income, and cultural preferences.
The Asia Pacific region accounts for a significant share of the global toys market due to its large population, growing middle class, and rising consumer disposable income.
Discover more research Reports on Consumer and Retail Industry, by Market Research Future:
Baby Toys Market: Information by Product Type (Board Games, Soft Toys & Dolls, Action Toys, Arts & Craft Toys, Construction Toys, Vehicles, Musical Toys & Rattles, and Others), by End User (Infants and Toddlers), by Distribution Channel (Store-Based {Supermarkets & Hypermarkets, Specialty Stores, and Others} and Non-Store-Based) and Region (North America, Europe, Asia-Pacific, Rest of the World)—Forecast till 2028
Baby Cradle Market Research Report: Information by Product Type (Hammock Cradle and Rocking Cradle), Material Type (Fabric, Metal, and Wood), Shape (Rectangular, Round, and Oval), Category (Manual, and Electric), Distribution Channel (Store-Based [Supermarkets & Hypermarkets, Convenience Stores, and Others] and Non-Store-Based), and Region (North America, Europe, Asia-Pacific, and Rest of the World)—Forecast till 2028
NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
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