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Nov 08, 2022, 00:10 ET
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NEW YORK, Nov. 8, 2022 /PRNewswire/ — Technavio categorizes the global toys and games market as a part of the parent leisure products market, covering a variety of categories, including musical instruments, sports equipment, recreational vehicles, camping equipment, toys, bicycles, and other consumer-oriented games. Our research report has extensively covered external factors influencing the parent market growth during the forecast period. The Global Toys and Games Market share is set to increase by USD 70.12 million from 2022 to 2027. Moreover, the market’s growth momentum will accelerate at a CAGR of 8.1% as per the latest market forecast report by Technavio. The market will also record a 6.9% Y-O-Y growth rate during the forecast period.
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Our report analyzes the Life Cycle of the Global Toys and Games Market from the innovator’s stage to the laggard’s stage. The report illustrates the lifecycle of the global toys and games market, focusing on the adoption rates of the major countries such as the US, China, India, Germany, and the UK. To help companies evaluate and develop growth strategies for 2022-2027. Our researchers have included –
Vendor Landscape – The global toys and games market is fragmented. The market is expected to fragment further during the forecast period. Vendors follow some criticality of inputs to compete in the market, including labor, CAPEX, and research and development (R&D). They invest significantly in building infrastructure suitable for manufacturing toys and games and focus on building brand and brand equity to differentiate themselves. Manufacturers strategize their product advertisements to attract consumers by highlighting the features of newly launched products, which helps manufacturers gain a competitive advantage. Vendors differentiate themselves based on regulatory compliance, quality, and innovation and offer products with various features and applications. The price differentiation among these vendors is low due to similar product offerings and growing competition. Some of the key vendors in this market include 4M Industrial Development Ltd., Atlas Games, Clementoni Spa, Elenco Electronics Inc., and Franckh Kosmos Verlags GmbH & Co. KG.
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Technavio’s market research report entails detailed information on regional opportunities in store for vendors, which will assist in generating sales revenues. The Global Toys and Games Market as per geography is categorized into North America, Europe, APAC, South America, and the Middle East and Africa. The report provides an accurate prediction of the contribution of all regions to the growth of the Global Toys and Games Market size and actionable market understanding.
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Toys And Games Market Scope
Report Coverage
Details
Page number
120
Base year
2022
Historical year
2017-2021
Forecast period
2023-2027
Growth momentum & CAGR
Accelerate at a CAGR of 8.1%
Market growth 2023-2027
USD 70.12 million
Market structure
Fragmented
YoY growth (%)
6.9
Regional analysis
North America, Europe, APAC, South America, and the Middle East and Africa
Performing market contribution
North America at 31%
Key consumer countries
US, China, India, Germany, and UK
Competitive landscape
Leading companies, competitive strategies, consumer engagement scope
Key companies profiled
4M Industrial Development Ltd., Atlas Games, Clementoni Spa, Elenco Electronics Inc., Franckh Kosmos Verlags GmbH & Co. KG, Goliath Games LLC, Hasbro Inc., JAKKS Pacific Inc., Kids2 Inc., Learning Resources Ltd., LEGO System AS, Mattel Inc., MGA Entertainment Inc., Playmates Holdings Ltd., Ravensburger AG, Simba Dickie Group GmbH, Smartivity Labs Pvt. Ltd., Spin Master Corp., TOMY Co. Ltd., and VTech Holdings Ltd.
Market Dynamics
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Browse Consumer Discretionary Market Reports
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
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