Skip to main content

Toys Market to Reach USD 212.49 Billion by 2027; Product Innovation by Lego System A/S and Nintendo Co. Ltd. to Create promising Growth Opportunities, Says Fortune Business Insights™

Written by Customer Service on . Posted in Mergers And Acquisitions.

Pune, India, Feb. 01, 2021 (GLOBE NEWSWIRE) — The global toys market size is expected to experience significant growth by reaching USD 212.49 billion in 2027 while exhibiting a CAGR of 7.3% between 2020 and 2027. This is attributable to the increasing social media influence that is being leveraged by the manufacturing companies to boost their revenues globally. Fortune Business Insights published this information in its latest report, titled, “Toys Market Size, Share & COVID-19 Impact Analysis, By Product Type (Dolls, Outdoor and Sports Toys, Building and Construction Set, Infant and Preschool Toys, Games & Puzzles, and Others), Age Group (0-3 Years, 3-5 Years, 5-12 Years, 12-18 Years, and 18+ Years), Distribution Channel (Online and Offline), and Regional Forecast, 2020-2027.” The report further observes that the market stood at USD 105.85 billion in 2019.COVID-19 Impact: Market to Exhibit Astonishing 22.30% CAGR in 2020The lockdown is turning out to be favorable for several toy manufacturers as they are registering significant sales. To enable entertainment of the kids confined at their home spaces, parents are buying play products through offline and online platforms. Therefore, based on our analysis, the market is likely to exhibit an impressive CAGR of 22.30% in 2020.Toys are entertainment products preferred by kids of all ages. They play an important role in developing the cognitive skills of the children and are available in different shapes and sizes across several stores.Get Sample PDF Brochure with Impact of COVID19:https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/toys-market-104699List of the Leading Companies Profiled in the Global Market are:Lego System A/S (Billund, Denmark)Hasbro Inc. (Rhode Island, U.S.)Mattel Inc. (California, U.S.)Ravensburger Holding GmbH & Co. KG (Ravensburg, Germany)Spin Master (Toronto, Canada)MGA Entertainment Inc. (California, U.S.)PAI Partners (Paris, France)Nintendo Co. Ltd. (Kyoto, Japan)Radio Flyer (Illinois, U.S.)A.L. Lindsay & Company (New South Wales, Australia)Artsana Group (Grandate, Italy)K’Nex Industries Inc. (Pennsylvania, U.S.)What does the Report Provide?The market report provides a qualitative and quantitative analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies by them to announce partnerships, introduce new products, and collaborate to further contribute to the growth of the market. Moreover, the research analyst has adopted several research methodologies such as Porter’s Five Forces analysis to extract information about the current trends and industry developments that will drive the market growth between 2020 and 2027.DRIVING FACTORSIncreasing Social Media Influence to Aid GrowthThe companies present in the market are leveraging the opportunities provided by the social media platform. With more and more children engaged to social media, the companies are partnering with market agencies to improve their brand presence through these platforms. Moreover, active participation of key players through different technological events that promote gaming is expected to boost the adoption of innovative and advanced toys. These factors are anticipated to favor the toys market growth during the forecast period. SEGMENTATION:Dolls Segment Held 28.73% Market Share in 2019Based on product, the dolls segment held a market share of about 28.73% in 2019 and is projected to showcase exponential growth owing to the availability of different types of dolls based on cartoon characters that are being preferred by the children globally.Inquire Before Buying This Research Report:https://www.fortunebusinessinsights.com/enquiry/queries/toys-market-104699REGIONAL INSIGHTSGrowing Gifting Trend in North America to Propel Market GrowthAmong all the regions, North America is expected to hold the highest position in the global market during the forecast period. This is attributable to the growing gifting trend in countries such as the United States that is likely to drive the demand for toys during special occasions such as birthdays in the region. North America stood at USD 35.88 billion in 2019.The market in Asia-Pacific is anticipated to showcase considerable growth owing to the growing demand for art & craft toys amongst the children in the region between 2020 and 2027.COMPETITIVE LANDSCAPEProduct Innovation by Prominent Companies to Brighten Their Market PositionsThe global market is experiencing healthy competition between the major companies that are striving to maintain a stronghold. These companies are developing innovative toys and other kid entertainment products to cater to the growing demand amongst their patrons. Additionally, other key players are trying to gain a competitive edge over their rivals by adopting strategies such as merger and acquisition, collaboration, and partnership during the forecast period.  Industry Development:November 2020 – Luki Lab, a division of Strottman International, introduced two creative toy series, Gojo Adventure and Pinxies during Christmas holidays. The company is focusing on leveraging the festive occasion to boost their sales revenue by catering to the demand for entertainment products amongst the kids.Browse Detailed Summary of Research Report with TOC:https://www.fortunebusinessinsights.com/toys-market-104699Major Table of Contents:IntroductionResearch ScopeMarket SegmentationResearch MethodologyDefinitions and AssumptionsExecutive SummaryMarket DynamicsMarket DriversMarket RestraintsMarket OpportunitiesEmerging TrendsKey InsightsOverview of the Parent/Related MarketsIndustry SWOT AnalysisSupply Chain and Regulatory AnalysisRecent Industry Developments – Policies, Partnerships, New Product Launches, and Mergers & AcquisitionsQualitative Analysis (in relation to COVID-19)4.5.1 Impact of COVID-194.5.2 Supply Chain Challenges4.5.3 Potential Opportunities due to COVID-19Global Toys Market Analysis, Insights, and Forecast, 2016-2027Key Findings / SummaryMarket Size Estimates and Forecast  By Product Type (Value)DollsOutdoor and Sport ToysBuilding and Construction SetInfant and Preschool ToysGames and PuzzlesOthersBy Age Group (Value)0-3 Years3-5 Years5-12 Years12-18 Years18+ YearsBy  Distribution Channel (Value)OnlineOfflineBy Region (Value)North AmericaEuropeAsia PacificSouth AmericaMiddle East & AfricaTOC Continued…!Speak to Our Expert:https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/toys-market-104699Have a Look at Related Research Insights:Video Game Market Size, Share & Industry Analysis, By Gamer Type (Extreme, Casual), By Device Type (Smart Phones, Tablets, Laptops, Consoles), By Platform Type (Online, Offline), By Age (Between 10 to 20, Between 21 to 35, Between 36 to 50, Between 51 to 65) and Regional Forecast, 2019-2026Smart Toys Market Size, Share and Global Trend By Technology (Wi-Fi, Bluetooth, RFID or NFC), By Distribution Channel (Toy Shops, E-Commerce or Online Stores, Offline Stores, Specialty Stores) and By Geography Forecast till 2026About Us:Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.Contact Us:Fortune Business Insights™ Pvt. Ltd.308, Supreme Headquarters,Survey No. 36, Baner,Pune-Bangalore Highway,Pune – 411045, Maharashtra, India.Phone:US: +1 424 253 0390UK: +44 2071 939123APAC: +91 744 740 1245Email: sales@fortunebusinessinsights.comFortune Business Insights™LinkedIn | Twitter | BlogsRead Press Release:https://www.fortunebusinessinsights.com/press-release/global-toys-market-10485

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.