Toys Market Valued at $206.4 Billion in 2024, Estimated at 8.2% CAGR by 2034: Marketplace Decipher

Pune, India, 17 July 2024 /PRNewswire/ — toy market file (Untested analysis revealed via Marketplace Decipher) Estimates of the toy business $206.4 billion in 2024and forecast $453.9 billion by 2034growing on 8.2% CAGR From 2024 to 2034. The toy market is expanding due to the increase in demand for tutorial toys that inspire learning in science, technology, engineering and mathematics (STEM). In addition, the innovative technologies featured in the toys, such as Bluetooth connectivity, artificial intelligence and melodies, provide children with an immersive game playing experience.

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,The toy industry is heavily influenced by pop culture. The demand for related toys, such as action figures, dolls and playsets, is fueled by popular franchises such as Disney, Marvel and Star Wars. There are many toy lines dedicated to films, TV series and video games that profit from their popularity. Sales of related toys may increase in response to the premiere of a new movie or the popularity of a television show.,
– Gauri Garale (Head of Analytics, Marketplace Decipher)

Factors promoting market expansion:

• E-commerce and trend of purchasing groceries online due to availability of diverse merchandise, cheaper cost and entertainment compared to physical retail stores promotes the expansion of the toy market.
• Due to increasing awareness of environmental problems, consumers are demanding eco-friendly toys made from sustainable fabrics such as planks, bamboo and recycled plastics.

Get analysis on the toys market: https://www.marketdecipher.com/report/toys-market

Major Market Trends

• In June 2024Mattel, Inc. has partnered with Common Photos and Academy Award-winning producer/screenwriter Akiva GoldsmanTo produce a live-action theatrical film, Monster Top, under his Weed Street banner.
• In June 2024Spin Grasp Corp. has completed the purchase of Melissa & Doug $950 million,
• In possibly 2024The LEGO Crew has added new additions to its LEGO Islands collection, creating a series of kid- and family-friendly LEGO-themed stories through the logos inside Fortnite.
• In April 2024NEX and Hasbro are expanding their partnership to bring a full-length, fully interactive Kinfolk video game to the acclaimed NEX console.
• In April 2024Funskool India, toy manufacturer, has expanded its Ranipet facility in Tamil Nadu by covering an area of ​​over 160,000 sq. ft. The increase doubles the plant’s production capacity, the company said in a statement.
• In April 2024Goliath Games has seen the acquisition of Fortune Duck Games, renowned for its pioneering and award-winning virtual hybrid board games such as Chronicles of Crime and Destinies.

Toys Market Division:

By product type:

• Doll
• Outdoor and Sports Activities
• indoor sports activities
• motion video games
• motion collectible figures
• work kit
• Building & Development Toys
• bicycle trip
• travel on scooter
• plush toys
• kids and preschool toys
• Automobiles and faraway-managed toys
• musical toys
• Arts and crafts
• stem toys
• H2O Toys
• collectible toys

Via Opportunity Team:

• 0-3 years
• 3-5 years
• 5-12 years
• 12-18 years
• 18+ years

Through gross sales channels

• online manufacturer
• on-line market
• Pratik Retail Shops
• grocery store hypermarket
• toy retail stores
• Other

manage corporations

• lego crew
• Mattel, Inc.
• Hasbro, Inc.
• Playmate Toys Banned
• Tommy Corporate, Ltd.
• kenner goods
• Spin Grasp Ltd
• Jazwares, LLC
• vtech
• funko inc

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