Industry Background:
Construction toys have become popular and have gain prominence nowadays. Construction toys refer to an assembly in which set of standard pieces allow for the construction of a variety of different model. The main aim of bringing this concept of toys was to enhance the creativity level of the children and improve their thinking. As children grow & learn, the range of skills which they are developmentally ready to get expands, building upon previous knowledge. The key manufacturers of early educational toys have to need to meet the regulatory requirements as children in this age group are very delicate & are prone to accidents. Educational toys used for play is important for children's cognitive, emotional, and social development. The pieces in the construction toys avoid the lead time of manufacturing of custom pieces and allow children to construct the different complex structure. High intellectual and cognitive benefits between children under different age group are expected to propel the demand for construction toys. Teacher and parents with significance for such toys which will foster creativity and spatial skill of preschool children will drive the market for the forecasted period.
This growth is primarily driven by Increased Focus on Overall Childhood Development, Advantage Associated With Construction Toys as Enhancing the Creativity Level of Children and Improving Their Thinking and Growing Number of Online Buyers.
Globally, a noticeable market trend is evident Rise in Adoption of Multi-Channel and Promotional Strategies by Vendor
. The Consumer Goods sector in the Asia Pacific region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Vtech Holding Limited (Hong Kong), Mega Bloks (Mattel, Inc.)(United States), Hasbro (United States), LEGO System A/S (Denmark), Bandai Co., Ltd. (Japan), Playmags (United States) and Melissa & Doug (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Market Drivers
- Increased Focus on Overall Childhood Development
- Advantage Associated With Construction Toys as Enhancing the Creativity Level of Children and Improving Their Thinking
- Growing Number of Online Buyers
Market Trend
- Rise in Adoption of Multi-Channel and Promotional Strategies by Vendor
- Rise in Popularity of Construction Toys
Restraints
- Governmental Regulations Related to Materials Used for Toys
Opportunities
Growing Preference from the Parents to Provide Children with both Fun and Intelligence, Innovative Educational Products and Emerging Markets and Innovative Construction Toys in the Market
Challenges
Widespread Adoption of Internet and Proliferation of Smartphones Are Hampering the Market and Concerns Over The Use of Toxic Chemical Materials in Toys and Their Adverse Effect on Children
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Construction Toys Study Sheds Light on
The Construction Toys Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Construction Toys industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Construction Toys industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.