Nearly $ 55 Billion Growth in Global Toys and Games Market 2020-2024 | 40% Growth to Come from APAC | Technavio

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Mar 04, 2021, 11:00 ET

NEW YORK, March 4, 2021 /PRNewswire/ -- The global toys and games market is poised to grow by USD 54.72 billion, progressing at a CAGR of over 8% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. Get a Free Sample Report to Know More

Toys and Games Market by Product, Distribution Channel, and Geography - Forecast and Analysis 2020-2024

Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the toys and games market.

Frequently Asked Questions:

Based on segmentation by product, which is the leading segment in the market?
Based on the product, the activity and ride-on toys segment generated maximum revenue for the market in 2019.
What are the major trends in the market?
The emergence of 3D printing is the major trend in the market.
At what rate is the market projected to grow?
The market is projected to grow at a CAGR of over 8% during the forecast period.
Who are the top players in the market?
Atlas Games, Clementoni Spa, Goliath Games LLC, Hasbro Inc., LEGO Group, Mattel Inc., Ravensburger AG, Thames & Kosmos, TOMY Co. Ltd., and VTech Holdings Ltd. are the major players in the market.
What are the key market drivers and challenges?
The market is driven by the rising popularity of TV shows and movies. However, the increasing popularity of e-games might challenge growth.
How big is the APAC market?
APAC dominated the toys and games market with a 40% share in 2019.

Related Reports on Consumer Discretionary Include:

Global Online Toys and Games Retailing Market - Global online toys and games retailing market is segmented by product (activity and ride-on toys, infant and pre-school toys, plush toys, games and puzzles, and others) and geography (APAC, Europe, MEA, North America, and South America). Get an Exclusive Free Sample Report

Global Smart Toys Market - Global smart toys market is segmented by technology (Wi-Fi, Bluetooth, and others), distribution channel (offline and online), and geography (APAC, Europe, MEA, North America, and South America). Get an Exclusive Free Sample Report

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Atlas Games, Clementoni Spa, Goliath Games LLC, Hasbro Inc., LEGO Group, Mattel Inc., Ravensburger AG, Thames & Kosmos, TOMY Co. Ltd., and VTech Holdings Ltd. are some of the major market participants. Although the popularity of TV shows and movies will offer immense growth opportunities, the increasing popularity of e-games is likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this toys and games market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Toys and Games Market 2020-2024: Segmentation

Toys and Games Market is segmented as below:

Product

Activity And Ride-on Toys
Infant And Pre-school Toys
Plush Toys
Games And Puzzles
Others

Distribution channel

Offline Distribution Channel
Online Distribution Channel

Geography

APAC
Europe
MEA
North America
South America

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR41411

Toys and Games Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The toys and games market report covers the following areas:

Toys and Games Market Size
Toys and Games Market Trends
Toys and Games Market Industry Analysis

This study identifies the emergence of 3D printing as one of the prime reasons driving the Toys and Games Market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.

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Toys and Games Market 2020-2024: Key Highlights

CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist toys and games market growth during the next five years
Estimation of the toys and games market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the toys and games market across APAC, Europe, MEA, North America, and South America
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of toys and games market vendors

Table of Contents:

Executive Summary

Market Overview

Market Landscape

Market ecosystem
Value chain analysis

Market Sizing

Market definition
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition

Market Segmentation by Product

Market segments
Comparison by Product placement
Activity and ride-on toys - Market size and forecast 2019-2024
Infant and pre-school toys - Market size and forecast 2019-2024
Plush toys - Market size and forecast 2019-2024
Games and puzzles - Market size and forecast 2019-2024
Others - Market size and forecast 2019-2024
Market opportunity by Product

Market Segmentation by Distribution channel

Market segments
Comparison by Distribution channel placement
Offline distribution channel - Market size and forecast 2019-2024
Online distribution channel - Market size and forecast 2019-2024
Market opportunity by Distribution channel

Customer landscape

Overview

Geographic Landscape

Geographic segmentation
Geographic comparison
APAC - Market size and forecast 2019-2024
North America - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography

Drivers, Challenges, and Trends

Market drivers
Volume driver - Demand led growth
Volume driver - Supply led growth
Volume driver - External factors
Volume driver - Demand shift in adjacent markets
Price driver - Inflation
Price driver - Shift from lower to higher-priced units
Market challenges
Market trends

Vendor Landscape

Overview
Landscape disruption

Vendor Analysis

Vendors covered
Market positioning of vendors
Atlas Games
Clementoni Spa
Goliath Games LLC
Hasbro Inc.
LEGO Group
Mattel Inc.
Ravensburger AG
Thames & Kosmos
TOMY Co. Ltd.
VTech Holdings Ltd.

Appendix

Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations

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