A16073 | Pages: NA | Jul 2022 | 101 Views | | |
Author(s) : Roshan Deshmukh | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Toys & Games Market
Request Now !Toys and games include everything from rattles, dolls, and toy vehicles to skipping ropes, board games, and jigsaw puzzles, among other things. They have inherent worth that contributes to children's entire development. Toys aid in the expression of emotions and the development of creativity in youngsters. Games are a great way to relax while also improving cognitive, physical, and social skills. In recent years, the popularity of interactive and multi-functional toys and games has had a major impact on the toys and games industry. Toy and game sales based on popular characters from cartoons, television shows, and movies are increasing, driving the market forward. The worldwide toys and games industry is projected to benefit from population expansion along with steadily growing personal disposable income levels. Furthermore, aside from children, older customers are projected to boost toy and game sales, particularly in areas such as action figures and accessories.
Market Scope and Structure Analysis
Report Metric | Details |
Market Size Available for Years | 2020–2030 |
Base Year Considered | 2020 |
Forecast Period | 2021–2030 |
Forecast Unit | Value (USD) |
Regions Covered | North America, Europe, Asia-Pacific, and LAMEA |
Segments Covered | Product Type, Age Group, Distribution Channel, and Region |
Companies Covered | Atlas Games, LLC., Clementoni S.p.A., Goliath Games, LLC., Hasbro, Inc., LEGO Brand Retail, Inc., Mattel, Inc., Ravensburger AG., Tomy Company, Ltd., Vtech Holdings, Ltd., and Thames & Kosmos, LLC. |
COVID-19 Impact Analysis
Top Impacting Factors
Market Trends
Influence of Technology is Promoting Video Games
Globally, the video game industry has developed a recurring revenue model over the past few years due to continuous video game engagement. As technology is expanding, consumer spending on video content, virtual reality products and video game tournaments has witnessed significant growth. The market is observing exponential growth due to factors, such as the expansion of mobile and online gaming and the shift from physical to digital distribution of software. Furthermore, the factors governing the success of the market are local leagues and the franchising approach, the arrival of new game formats and competition, the approval of content rights sales, team profitability, and the impact of industry convergence involving traditional media, entertainment, telecom, and sports companies.
The rising popularity of innovative toy packaging to uplift market growth
Companies concentrate on delivering a variety of packaged gaming goods to surprise children when they unbox things. This is expected to pique children's enthusiasm in playing with such goods, boosting the toy market's development. Furthermore, current gift-giving habits among the world's population would boost the rate of consumption of such products. Fragrance toys are becoming increasingly popular as display kits give a soothing scented sensation to children while they play. The rising popularity of brain training cubes and educational board games among children is expected to boost the industry's overall growth soon. The introduction of gaming goods made of environmentally friendly materials like bamboo, play, cork, and others is expected to reduce demand for sustainably manufactured dolls.
Key Benefits of the Report
Questions Answered in the Toys & Games Market Research Report
Key Market Segments
Segments | Sub-segments |
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By Product Type |
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By Age Group |
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By Distribution Channel |
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By Region |
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Key Market Players
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