What is Electric Toys Market?
Increasing entertainment spending for kids is the key factor driving the growth of global Electronic Toys market. Electronic Toys provide fun for children, from early learning to gaming and computing, these toys help children develop their dexterity, imagination, language skills, and more; through fun, role-playing, and education. Electronic Toys are subjected to comply with national, regional, and international legal regulations, including manufacturing, construction, and performance requirements. Integration of electronics toys with new technologies, remote-controlled by a smartphones, and updated with apps to create additional and new playing possibilities is one of the growing trends in the global Electronic Toys market.
Highlights from Electric Toys Market Study
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Fat Brain Toys LLC (United States), Tamiya Corporation (Japan), HPI Racing A/S (Denmark), Redcat Racing (United States), Maisto International Inc. (United States), Traxxas (United States), Brio World (Sweden), LeapFrog Enterprises, Inc. (United States), Spin Master Ltd (Canada) and Fisher-Price Toys (United States) |
The rising number of players expected to enter the global electric toys market is predicted to enhance the competition level as well as encourage the growth of the overall market in the near future. Players are anticipated to focus on the development of new toys, which is likely to encourage the growth of the global electric toys market throughout the forecast period. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Electric Toys market throughout the forecasted period.
Fat Brain Toys LLC (United States), Tamiya Corporation (Japan), HPI Racing A/S (Denmark), Redcat Racing (United States), Maisto International Inc. (United States), Traxxas (United States), Brio World (Sweden), LeapFrog Enterprises, Inc. (United States), Spin Master Ltd (Canada) and Fisher-Price Toys (United States) are some of the key players profiled in the study. Electric Toys Market Segmentation:
Scope | Sub-Segments |
---|
Application / End User | House, School, Malls and Other |
Type | Musical Toy, Educational Toys, Mechanical Toys, Remote Control Toys and Others |
Power Source | Rechargeable battery,Non-rechargeable battery |
Distribution Channel | Offline,Online |
On the basis of geography, the market of Electric Toys has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Need of Effective and Easy Handling Toys by the Consumers has provided the Electric Toys Market With a further Push towards Growth and Adoption of Customizable Electric Toys
Market Growth Drivers:
Growing Population of Babies and Toddlers across the World, Increasing Demand for the Musical Toys by Modern Parents and Increasing Demand for Remote Control Toy Cars for Gaming Zones in Malls and Other Gaming Shops
Challenges:
Issues with the Noise Produced by Electric Toys and Availability of Other Substitute Types Toys Can Cause Hindrance to the Electric Toys Market
Restraints:
Lack of Child-Friendly Electric Toys, Regulatory Norms Regarding Child Safety for Electric Toys Manufactures and Adverse Effect of Plastics Used in Making of Electric Toys
Opportunities:
Rising Focus on New Product Inventions by the Manufacturers is Providing More Opportunities for the Growth of the Electric Toys Market
Key Target Audience
Electric Toys Manufacturers, Electric Toys Raw material suppliers, Electric Toys Enterprises, Research Institutes, Suppliers and Distributors and Government Associations
"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."