Learning and educational toys Market to Garner $81.29 Bn, Globally, by 2030 at 5.1% CAGR: Allied Market Research

Rise in demand from children and young population and advent of games in bars and cafes have boosted the growth of the global learning and educational toys market.

News provided by

Allied Market Research

Nov 23, 2021, 08:20 ET

PORTLAND, Ore., Nov. 23, 2021 /PRNewswire/ -- Allied Market Research recently published a report, titled, "Learning and Educational Toys Market by Product Type (Building Sets, Games & Puzzles, Sports & Outdoor Toys, and Others), Age Group (5 years, 5 to 10 years, and above 10 years), and Distribution Channel (Hypermarkets/Supermarkets, Specialty Stores, Departmental Stores, Online Channels, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030". As per the report, the global learning and educational toys industry generated $49.97 billion in 2020, and is estimated to reach $81.29 billion by 2030, growing at a CAGR of 5.1% from 2021 to 2030.

Major determinants of the market growth

Rise in demand from children and young population, reduction of carbon footprint and surge in environment-friendly initiatives, and advent of games in bars and cafes have boosted the growth of the global learning and educational toys market. However, tariff duties, growth in digitalization, and widespread penetration of smartphones hinder the market growth. On the contrary, untapped potential in developing markets and rapid growth of online retail platformsare expected to open new opportunities for the market players in the future.

Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/14608

Covid-19 scenario:

The Covid-19 outbreak led to strict lockdown that forced manufacturers to cut down their production output and halttheir production facilities to curb the spread of the virus.
However, the market is expected to return to its normal stage as several governments rolled out vaccination drives.

The sports and outdoor toys segment held the lion's share

By product type, the sports and outdoor toys segment dominated the market in 2020, accounting for nearly one-third of the global learning and educational toys market. In addition, the segment is estimated to register the highest CAGR of 4.9% during the forecast period, owing to growing popularity of the sport among children and adults. The report includes an analysis on the building sets, games & puzzles, and others.

The specialty store segment dominated the market

By distribution channel, the specialty store segment held the largest share in 2020, contributing to around one-third of the global learning and educational toys market, as they offer high-quality service and detailed product specification & expert guidance. However, the online channelssegment is expected to manifest the highest CAGR of 6.5% from 2021 to 2030, owing toease in access to product information and large consumer base.

Asia-Pacific, followed by North America, held the largest share

By region, the global learning and educational toys market across Asia-Pacific, followed by North America, held the largest share in 2020, accounting for more than one-third of the market. In addition, the region is projected to portray the highest CAGR of 7.1% during the forecast period, owing to large rural population, rise in urbanization, women participation in the workforce, and increase in disposable income.

For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/14608

Major market players

Atlas Games
Goliath Games
Clementoni S.p.A.
The LEGO Group, Hasbro, Inc.
Ravensburger AG
ZEPHYR TOYMAKERS PVT. LTD.
Vtech Holdings
Tomy Company, Ltd.
Thames & Kosmos

Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter

Get more information: https://www.alliedmarketresearch.com/library-access

Toys Market: Global Opportunity Analysis and Industry Forecast, 2021-2027

South Asia Kids Toys Market: Opportunity Analysis and Industry Forecast, 2021-2030

Sports Apparel Market: Global Opportunity Analysis and Industry Forecast, 2019-2026

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
[email protected]
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter