Global Musical Toy Market Overview:
Musical toys are used by babies and toddlers for their entertainment and fun. It enhances their creativity, helps in language development and emotional intelligence but primarily it is used for helping soothe a crying baby or help them to lift up their mood. Toys like musical funny looking animal or stuffed toys with, music are widely used increasing the global musical toy market. However, the quality of material used in the production of of musical toys might be a hindrance to the market.
Growth Drivers
- Growing Population of Babies and Toddlers across the World
- Increasing Demand for the Musical Toys by Modern Parents
Roadblocks
- Lack of Child-Friendly Musical Toys
- Regulatory Norms Regarding Child Safety for Musical Toy Manufactures
Opportunities
- Improving the Sustainability and Quality of Material used for the Production of Musical Toy
Challenges
- Issues with the Noise Produced by Musical Toys
Competitive Landscape:
Some of the key players profiled in the report are Brio World (Sweden), LeapFrog Enterprises, Inc. (United States), Spin Master Ltd (Canada), Fisher-Price Toys (United States), Hasbro, Inc. (United States), Agglo Corporation Limited (Hong Kong), Bandai Co. Ltd (Japan), Irwin Toys (Canada), Circle E Retail PVT Ltd (IToys) (Canada), Gund (United States) and MindWare, Inc (United States). Additionally, following companies can also be profiled that are part of our coverage like PLAYMOBIL (Germany), Giochi Preziosi S.p.A. (Italy) and Ravensburger AG (Germany). Analyst at AMA Research see United States Vendors to retain maximum share of Global Musical Toy market by 2026. Considering Market by Distribution Channels, the sub-segment i.e. Online will boost the Musical Toy market. Considering Market by Age, the sub-segment i.e. 0-6 Months will boost the Musical Toy market.
"The U.S. Consumer Product Safety Commission (CPSC) closely monitors and regulates toys. Any toys made in — or imported into — the United States after 1995 must follow CPSC standards. Be sure to consider your child's temperament, habits, and behavior whenever you buy a new toy. Even a child who seems advanced compared with other kids the same age shouldn't use toys meant for older kids. The age levels for toys are determined by safety factors, not intelligence or maturity."
What Can be Explored with the Musical Toy Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Musical Toy Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Musical Toy
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Musical Toy market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Musical Toy market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Musical Toy Manufacturers, Musical Toy International Traders, Musical Toy Distributors and Suppliers, Research and Development Institutes, Potential Investors and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.