ExpressAfrica
    • Advanced Search
    • People
    • African Wiki 
    • Market
    • Add Product
    • Jobs
    • COVID-19 Update 
  • Join
    • Login
    • Signup
Rubecca Anderson Cover Image
User Image
Drag to reposition cover
Rubecca Anderson Profile Picture
Rubecca Anderson
  • My Wall
  • Groups
  • Following
  • Followers
  • Likes
  • Photos
  • Videos
Rubecca Anderson profile picture
Rubecca Anderson
2 months ago

Toys Market- Evolving Applications of Lateral Flow Assays Presents Opportunities
Market Overview
MRFR (Market Research Future) expects the toys market to thrive at a sluggish rate of 2.5% from 2020 to 2027 (analysis period). The toys market size is projected to touch USD 94 billion by 2027-end.
Top Boosters and Deterrents
The toys market has been experiencing incredible growth in the past few years, driven primarily by the surging demand in entertainment, education, development, engagement, and interactivity sectors. Sustainability has emerged as a notable trendsetter in the global industry, with numerous environment-friendly items like plastic-free games for kids, wooden baby toys, organic cotton stuffed animals and recycled plastic bath games gaining popularly worldwide.
The COVID-19 outbreak however, put a dampener on the sales in view of the disrupted supply chains along with lockdown as well as curfews across several countries. However, families were also forced to spend time together at homes, which led to higher demand for toy categories including board games, outdoor games, games, and puzzles, particularly in matured markets like Canada, the US, the UK, Australia, and many European countries. Most of the sales happened via the online medium as specialty stores and supermarkets faced strict regulations and lower workforce. With popular entertainment avenues as well as theme parks like Walt Disney shutting down, parents were forced to shift from expensive entertainment facilities to lower priced toys.
Commercialization of some of the most famous movies as well as cartoon characters like Ironman, Spiderman, Doraemon and Superman remains a key strategy employed by the toy manufacturers to draw the attention of children. In view of the surging household income along with favorable demographics, emerging countries in Latin America and Asia Pacific have become lucrative markets. Players are launching high-value and premium dolls & accessories made of high-performance raw materials. China is fast developing into a prime manufacturing hub for toys, with massive facilities for exporting toys to other regions.
Market Segmentation
The toys industry can be considered for type and distribution channel.
The various types of toys available in the global industry include soft toys and dolls, preschool toys, arts and crafts toys, action toys, vehicles, construction toys, and others.
The distribution channels listed in the market study are store-based as well as non-store-based. The store-based channels are specialty stores, supermarkets, and hypermarkets, and more. Mounting use of online channels among consumers has fostered the accessibility to different types of toys. Easy access and high internet penetration have boosted e-retailing of a variety child products, especially toys, since it is cost effective and saves time.
Regional Study
The regions where the toys industry should witness growth at varying rates include Europe, MEA or Middle East, the Americas along with APAC/Asia Pacific.
The North American market for toys is the highest gainer among all the regions, primarily due to the presence of reputed manufacturers and the burgeoning fanbase for superhero movies. A striking trend in the North American toy market, especially in the US, is the popularity of collectibles, such as mini-cars, cards and stickers, coins, figurines and dolls antiques, stamps, and comic books. The collectibles market also receives a push from the influx of major brands like Fingerlings from WowWee Group Limited and LOL Surprise! from MGA Entertainment Inc. trying to widen their customer base armed with innovative marketing campaigns.
The APAC toys industry should record the fastest CAGR between 2020 and 2027, as the region has witnessed incredible growth in the organized retail sector over the years. The rising significance of educational games with parents growing focused on enhancing their children’s mental capabilities has also favored the toys market in the region. Intense product advertising and the launch of technically sophisticated toys in China, Indonesia, and Japan further add to the regional market’s value.
Top Companies
The LEGO Group (Denmark), Mattel, Inc. (US), Hasbro, Inc. (US), Playmates Toys Limited (Hong Kong), Tomy Company, Ltd (Japan), Kenner Products (US), Spin Master Ltd (Canada), Jazwares, LLC (US), VTech (Hong Kong), Funko Inc. (US), NECA (US), Tru Kids Brands (US), MGA Entertainment Inc. (US), Basic Fun, Inc. (US), are the key manufacturers toys in the global industry.
Recent News
April 2021
Canal Toys, a renowned activity kit manufacturer, has released its latest Studio Creator 2 Video Maker Kit. The toy is deemed as a perfect tool for children aspiring to be content creators on social media and otherwise. This kit comprises a tripod, green screen, and a multicolored LED ring light to help create creative photos and videos.
NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

image
Like
Comment
Share
Rubecca Anderson profile picture
Rubecca Anderson Published an article
4 months ago

Natural Antioxidants Market Emerging Trends and Will Generate New Growth Opportunities Status 2023 | #natural Antioxidants Market

Natural Antioxidants Market Emerging Trends and Will Generate New Growth Opportunities Status 2023

Natural Antioxidants Market Emerging Trends and Will Generate New Growth Opportunities Status 2023

Natural antioxidants are available abundantly as they are derived from easily accessible sources, such as fruits, plants, spices, meats, and herbs.

Read more
Like
Comment
Share
Rubecca Anderson profile picture
Rubecca Anderson Published an article
4 months ago

Natural Antioxidants Market Emerging Trends and Will Generate New Growth Opportunities Status 2023 | #natural Antioxidants Market

Natural Antioxidants Market Emerging Trends and Will Generate New Growth Opportunities Status 2023

Natural Antioxidants Market Emerging Trends and Will Generate New Growth Opportunities Status 2023

Natural antioxidants are available abundantly as they are derived from easily accessible sources, such as fruits, plants, spices, meats, and herbs.

Read more
Like
Comment
Share
Rubecca Anderson profile picture
Rubecca Anderson Published an article
4 months ago

Egg products Market Report 2021 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2027 | #egg Products Market

Egg products Market Report 2021 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2027

Egg products Market Report 2021 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2027

Egg products have been an essential part of many cuisines around the world, citing population rise the demand for egg products market has also increased significantly.

Read more
Like
Comment
Share
Rubecca Anderson profile picture
Rubecca Anderson Published an article
4 months ago

Shifting Consumer Preference Towards Functional Foods Is Projected to Escalate the Demand for Soy Protein Ingredients | #soy Protein Ingredient Market

Shifting Consumer Preference Towards Functional Foods Is Projected to Escalate the Demand for Soy Protein Ingredients

Shifting Consumer Preference Towards Functional Foods Is Projected to Escalate the Demand for Soy Protein Ingredients

Market Research Future predicted that the global soy protein ingredients market is set to reach the CAGR of 6.9% during the forecast period, 2017-2023.

Read more
Like
Comment
Share
Load more posts
    Detail
  • From United States

  • Female
  • 12-07-95
    More info
    My photos 
    0
    Following 
    8
  • optimalmax
    Answer Thi
    Life Lesso
    Sports
    Ads Manage
    News
    Girma Habt
    ExpressAfr
    Followers 
    2
  • laurabbaby
    ankita tak
    Likes 
    8
  • Ethiotutor
    The CEO
    The Africa
    The Africa
    Technology
    Health
    News
    ExpressAfr
    Groups 
    0
    eForumAfrica
    Ask unlimited. Get answer

© 2022 ExpressAfrica

Language
  • English
  • Amharic
  • Afaan oromoo

  •   FAQs 
  • See COVID-19 Update
  • More
    • Privacy Policy
    • Community Standards
    • About
    • African Wiki
    • Jobs
    • African Places
    • Pay
    • Monetization
    • FAQs
    • COVID-19 (Coronavirus) Updates

Unfriend

Are you sure you want to unfriend?

Report this User

Important!

Are you sure that you want to remove this member from your family?

You have poked Rubecca

New member was successfully added to your family list!

Crop your avatar

avatar


Language
  • English
  • Amharic
  • Afaan oromoo
  • Home
  • About
  • Privacy Policy
  • Community Standards
  • Help
  • More
    • African Wiki
    • Jobs
    • African Places
    • Pay
    • Monetization
    • FAQs
    • COVID-19 (Coronavirus) Updates

© 2022 ExpressAfrica

Comment reported successfully.

Post was successfully added to your timeline!

You have reached your limit of friends!

File size error: The file exceeds allowed the limit (244 MB) and can not be uploaded.

Unable to upload a file: This file type is not supported.

We have detected some adult content on the image you uploaded, therefore we have declined your upload process.

Share post on a group

Share to a page

Share to user

Your post was submitted, we will review your content soon.

To upload images, videos, and audio files, you have to upgrade to premium member. Premium Service

Edit Offer

0%

Sell new product

Seller Contact
0%