About Fidget Spinner
Fidget spinner is a toy consisting of ball bearings. It is becoming popular among parents as it helps kids to pay attention and improve concentration during class. Fidget spinner is a hand-held toy that users can rotate between their fingers. It is designed as aides for people with anxiety, stress, ADHD, and entertainment for consumers of all ages. In today’s time, many people have bad habits like smoking, overeating, coffee drinking, etc. to reduce stress. Fidget spinner helps people to alleviate their bad habits and provides relief from anxiety, and boredom.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Riya Plastics (India) and FIGROL (China) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Fidget Spinner market by Type (Plastic and Metal) and Region.
On the basis of geography, the market of Fidget Spinner has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Shape, the sub-segment i.e. Triangle will boost the Fidget Spinner market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Fidget Spinner market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Emerging Trend of Plastic Fidget Spinners Due to Low Cost Compared to Metal
Market Growth Drivers:
Growing Awareness About Fidget Spinner to Reduce Stress and Anxiety and Increased Adoption of Fidget Spinners by Parents to Improve Child's Concentration
Challenges:
Decreasing Popularity of Fidget Spinners in the US Due to Consumers’ Preference Towards the Other Alternatives
Restraints:
Ban on the Fidget Spinners by Schools as It Distracts Kids During the Class
Market Leaders and their expansionary development strategies
In November 2023, Hasbro and Studiocanal has Partnered to create toys based on the Paddington Bear franchise.
In October 2023, Fidget Spinners Make a Comeback with New Designs and Features: Companies like FidgetCube and Spinetic are introducing spinners with built-in lights, sounds, and even Bluetooth connectivity.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Fidget Spinner Manufacturers, Suppliers and Distributors of Fidget Spinner, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.