Pune, India, Aug. 17, 2023 (GLOBE NEWSWIRE) -- The global educational toys market size was valued at USD 57.41 billion in 2022 and is projected to grow from USD 61.60 billion in 2023 to USD 106.26 billion by 2030, exhibiting a CAGR of 8.10% during the forecast period.
Toys designed with the intention of implementing learning into children are known as educational toys. The increasing demand for environmentally friendly and learning toys is anticipated to drive the market during the forecast period. Fortune Business Insights™ presents this information in their report titled "Global Educational Toys Market, 2023–2030."
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List of Key Players Profiled in the Educational Toys Market Report:
- Mattel (U.S.)
- LEGO System A/S (Denmark)
- Melissa & Doug (U.S.)
- Ravensburger (Germany)
- The Simba Dickie Group (Germany)
- TOMY (Japan)
- JAKKS Pacific, Inc. (U.S.)
- GoldLok Toys (China)
- WowWee Group Limited (Canada)
- CocoMoco Kids (India)
Report Scope & Segmentation:
| Attributes | Details |
| Forecast Period | 2023-2030 |
| Forecast CAGR | 8.10% |
| 2030 Value Projection | USD 106.26 Billion |
| Market Size in 2022 | USD 57.41 Billion |
| Historical Data | 2019-2021 |
| No. of Pages | 182 |
| Report Coverage | Revenue Forecast, Company Profiles, Competitive Landscape, Growth Factors and Latest Trends |
| Segments Covered |
|
| Regions Covered |
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| Educational Toys Market Growth Drivers | Increasing Popularity of Smart Toys to Accelerate Market Growth |
| Government Support to Encourage New Players’ Entry |
Browse Detailed Summary of Research Report with TOC:
https://www.fortunebusinessinsights.com/educational-toys-market-106324
Segments:
Assistance in Developing Motor Skills Through Toys Drive Segmental Growth
By type, the market is divided into games & puzzles, arts & crafts, motor skills, role play, stem toys, musical toys, and other toys. The motor skills segment leads the market. The need to develop fine motor skills in infants, such as hand-eye coordination, to assist them in performing everyday tasks increases the toy’s popularity.
Rising Demand for Toys Helping in Boosting IQ to Lead the Up to 4 Years Segment
Based on age group, the market is categorized into up to 4 years, between 4 and 8 years, and above 8 years. During the forecast period, the up to 4 years segment is expected to dominate the market due to the growing need for educational toys assisting in developing children’s IQ at a young age.
Significant Discounts Offered by Supermarkets & Hypermarkets Propel Growth
By distribution channel, the market is divided into supermarkets & hypermarkets, specialty stores, e-commerce, and others. Substantial discounts offered by hypermarkets such as Walmart in the toy section are increasing in popularity, assisting in leading the segment.
From the regional ground, the market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
Report Coverage:
The report offers:
• Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
• Comprehensive insights into regional developments.
• List of major industry players.
• Key strategies adopted by the market players.
• Latest industry developments include product launches, partnerships, mergers, and acquisitions.
Competitive Landscape:
Big Corporations Concentrate on Online Distribution Channels to Increase Market Growth
Market players are increasing their focus on promoting products through online channels. During the forecast period, Lego Systems A/S and Mattel are anticipated to regain their place. For instance, Mattel products are sold in 150 countries, operate in 25 locations globally, and hold a prominent educational toys market share.
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Drivers and Restraints:
Preference of Smart Toys to Bolster Demand
Consumers are focused on purchasing smart electronic toys. Convenient use and personal approach while instructing make them a preferred choice over other traditional toys. STEM toys are anticipated to witness substantial growth during the forecast period as they are aimed at developing problem-solving skills in children in a creative way.
However, the high circulation of counterfeit and potentially dangerous products may hinder the educational toys market growth.
Regional Insights:
North America Leads Owing to High Popularity of U.S. made Toys
North America dominates the market due to a surge in demand for ‘Made in USA’ learning toys. The region benefits from U.S.-made products as the shipment is faster and cheaper in comparison to shipments from China and Mexico.
Europe is expected to observe steady growth owing to the growing popularity of eco-friendly educational toys.
COVID-19 Impact
During Pandemic Market Witnessed Strong Demand Through Online Channel
The market experienced slow growth during the pandemic due to disruptions in the supply chain. However, online channels contributed to robust growth owing to high demand and heavy spending on innovative learning toys. As many children spent most of their time at home due to stringent laws, the market witnessed huge growth during the pandemic.
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Detailed Table of Contents:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Parent/Related Market Overview
- Industry SWOT Analysis
- Supply Chain Analysis
- Regulatory Framework
- Recent Industry Developments - Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
- Qualitative Analysis (In relation to COVID-19)
- Impact of COVID-19
- Supply Chain Challenges due to COVID-19
- Potential Opportunities Due to COVID-19
- Global Educational Toys Market Analysis, Insights and Forecast, 2019-2030
- Key Findings / Summary
- Market Analysis, Insights, and Forecast – By Type
- Arts & Crafts
- Role Play
- Games & Puzzles
- Motor Skills
- Musical Toys
- STEM Toys
- Other Toys
- Market Analysis, Insights, and Forecast – By Age Group
- Up to 4 Years
- Between 4 and 8 Years
- Above 8 Years
- Market Analysis, Insights, and Forecast – By Distribution Channel
- Supermarkets & Hypermarkets
- Specialty Stores
- E-commerce
- Others
- Market Analysis, Insights, and Forecast – By Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
TOC Continued…!
Key Industry Developments:
- October 2022 – Bubhutsu, a Bengaluru, India-based educational toys brand (launched in August 2022) introduced its first line of toys designed on Krishna Leela theme. The brand emphasizes developing toys on Indian epics theme for children above four years of age.
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