Global Robotic Toys Market Overview:
The essential objective of Robotic toys is to provide the kids with facilities that will entertain them in their free time. Robotic Toys are available in 2 sorts namely, programmable robots and non-programmable robots. Robotic toys are available from the age group of infants to the age of 12 years, and above. The usage and the demand for the products have increased widely. Parents are prepared to spend cash on buying the toys as toys are helping in moving forward the child's aptitudes. Robotic toys serve as a bridge between entertainment and child development. The toys provide assistance to children at every age of their lives. Robotic toys are user-friendly and are popular among kids. Robotic toys are becoming a part of our lives through the form of science, technology, engineering, and maths. Robotic toys involve creativity, learning, and a do-it-yourself philosophy. Robotic toys are available in different shapes and sizes. They are made in such a way that they are attractive and are loved by the kids.
Growth Drivers
- The Rise in Disposable Income and Higher Standard of Living
- Increasing Demand for Robotic Toys in Gaming Zones in Malls and Other Gaming Shops
- Rising Demand for Interactive, Fun, and Practical Learning Experience Toys
Market Trends
- Availability of a Wide Range of Products
- Growing Need of Effective and Easy Handling Toys
- Increasing Sales of Custom-Made Toys
Roadblocks
- Increased Tariffs and Import Duty
- Fluctuating Price of Raw Material
Opportunities
- Increasing Advancements in Toys by the Usage of Technology and Digitalization
- Increasing Demand for the Advanced Toys by Modern Parents
- Rapidly Expanding E-Commerce Sector
Challenges
- Increased Competition in the Market
Competitive Landscape:
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are MRT International Limited (Canada), Modular Robotics Incorporated (United States), Hamleys (United Kingdom), The LEGO Group (LEGO education) (Denmark), Robotical Ltd (United Kingdom), RoboThink (United States), Fischertechnik GmbH (Germany), Rero (Bulgaria), Parallax Inc. (United States) and ArcBiotics (United States). Additionally, following companies can also be profiled that are part of our coverage like Dexter Industries (United States) and RAWrobotic (Germany). Analyst at AMA Research see European Vendors to retain maximum share of Global Robotic Toys market by 2026. Considering Market by Distribution Channel, the sub-segment i.e. Online Retailers will boost the Robotic Toys market. Considering Market by End-User, the sub-segment i.e. Girl will boost the Robotic Toys market. Considering Market by Age Group, the sub-segment i.e. 1 - 2 Years will boost the Robotic Toys market.
What Can be Explored with the Robotic Toys Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Robotic Toys Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Robotic Toys
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 Robotic Toys 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 Robotic Toys 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 New Entrants/Investors, Analysts and Strategic Business Planners, Manufacturers of Robotic Toys, Suppliers and Distributors of Robotic Toys, Venture Capitalists and Private Equity Firms and End-Use Industry.
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.