Dublin, Sept. 17, 2024 (GLOBE NEWSWIRE) -- The "Toys Market (2024 Edition): Analysis by Product Type, Age, Distribution Channel, Region, and Country: Market Insights and Forecast (2020-2030)" report has been added to ResearchAndMarkets.com's offering.
The global toys market was valued at USD 103.03 billion in 2023, and is expected to reach USD 143.41 billion in 2030.
The global toys market has benefited from the expanding middle-class population and rising disposable incomes in emerging economies. As more families attain higher income levels, their spending power on non-essential items, including toys, has increased. This economic growth has opened up new opportunities for toy manufacturers to penetrate untapped markets and cater to a broader consumer base. The increasing urbanization in these regions has also contributed to the market's growth, as urban parents often have greater access to a variety of toy products and are more likely to spend on their children's recreational needs.
The bath and shower toiletries market, is competitive and fragmented, owing to the presence of many regional and international players. The leading companies are using strategic approaches, like mergers, expansions, acquisitions, partnerships, and new product developments, to boost their brand presence among consumers. Key players dominating the market include L'Oreal, Unilever, Johnson & Johnson, etc.
Brand licensing has emerged as a significant driver of the toys market, with popular media franchises and characters playing a pivotal role in influencing children's toy preferences. Movies, television shows, and video games have a substantial impact on the types of toys that children desire, leading to lucrative licensing agreements between toy manufacturers and entertainment companies. Iconic franchises such as Disney, Marvel, and Star Wars have consistently driven toy sales, as children seek to own merchandise related to their favourite characters. The cyclical nature of media releases and the continuous introduction of new franchises ensure a steady stream of demand for licensed toys.
Consumers are increasingly seeking eco-friendly and sustainable toys made from non-toxic materials and recyclable components. Toy manufacturers are responding to this demand by adopting sustainable practices in their production processes and developing environmentally conscious products. This shift towards sustainability not only caters to the preferences of environmentally conscious consumers but also aligns with global efforts to reduce plastic waste and promote sustainable consumption.
Scope of the Report
- The report provides an analysis of the global Toys Market by value (in USD billion).
- It examines the Toys Market by region, covering the Americas, Europe, Asia Pacific, and the Middle East & Africa (MEA), as well as 20 specific countries, including the United States, Canada, Brazil, Mexico, Germany, the United Kingdom, France, Italy, Spain, the Netherlands, China, Japan, South Korea, India, Australia, Singapore, and more.
- The report evaluates the Toys Market over the historical period from 2020 to 2023, the estimated year 2024, and forecasts for 2025 to 2030.
- The market is further analyzed by product type (Games and Puzzles, Infant and Pre-School Toys, Construction Toys, and Others), by age group (0-8 years, 8-15 years, and 15 years & above), and by distribution channel (E-Commerce, Supermarkets, Traditional Stores, and Other Channels).
- Key insights are presented using SWOT analysis and Porter's Five Forces framework. The market's attractiveness is highlighted by region, product type, age group, and distribution channel.
- Additionally, the report identifies the major opportunities, trends, drivers, and challenges facing the industry.
- The report tracks competitive developments, strategies, mergers and acquisitions and new product development. The companies analysed in the report are:
- The Lego Group
- Mattel Inc.
- Hasbro Inc.
- Bandai Namco Holdings Inc.
- Spin Master Corp.
- MGA Entertainment Horst Brandstatter Group
- Vtech holdings Limited
- Sega Sammy Holdings Limited
- Melissa and Doug LLC
- Simba Dickie Group
- Dream International Limited
For more information about this report visit https://www.researchandmarkets.com/r/9pin1s
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