Industry Background:
Boys toys are the source of entertainment to babies and kids, as toys keeps them engaged for hours. Baby plays with different toys, toys with attractive sounds and vibrant colours .Baby toys are one of medium of growth and development; it develops motor skills and hand-eye co-ordination. Different type of toys are available with different shape and size, colour and sound quality etc. Toys are objects which are familiar to environment such as animals, trains, dolls etc. But babies may get bored with any toy quickly they need new toy on demand therefore it is a difficult task to keep babies engaged with any toy for long time span they need variety as they are in learning phase.This growth is primarily driven by Increasing Child Population Rate
.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | K Unit |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Consumer Goods sector in the
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 Hasbro (United States), Fisher price (United States), Newll brands (United States), VTech (China), Brevi (Italy), Chicco(Italy), Kids II, Inc (United States), Mothercare (England), The Lego (Denmark) and Toys R Us (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.
Key Developments in the Market:
In November 2019 The Lego acquired Bricklink Acquisition will strengthen the LEGO Group’s engagement with its growing community of adult fans The LEGO Group announced it has acquired BrickLink Ltd , it will strengthen the fan base of Lego.The BrickLink platform has more than one million members and comprises an online marketplace of more than 10,000 stores from 70 countries, digital building software where builders can design and showcase their creations, and a vibrant online community where fans share ideas and builds.
Lego is launching International Space station into lego universe. The 864-piece set shrinks the football-field-long space station to the size of desktop display, while still preserving details such as its rotating solar arrays and robotic arm."Build and display this spectacular Lego Ideas International Space Station (ISS). Packed with authentic ISS details, including a posable Canadarm2 and two rotating joints that coincide with eight adjustable 'solar panels,' this 864-piece set are a wonderful gift idea for space enthusiasts, adult Lego fans. In addition to the space station itself, the set comes with the toy bricks to build a to-scale space shuttle orbiter and three cargo vehicles as well as a display standEvery Child requires toys to play and the increasing population giving the opportunity to the manufacturers to come with innovation and unique features .This is one of the factor the competition between top companies increasing the raid digitization and technological changes the toys are also upgrading day by day .These resulting into merger or acquiring the digital firms by the toy companies to match the market
Influencing Trend:
Toys According To Disney Characters And Animation Movies
Market Growth Drivers:
Increasing Child Population Rate and Increases Activities Of Babies And Kids
Challenges:
Unable Match With New Generation’s Digitization
Restraints:
Harmful Material May Injure The Baby
Opportunities:
Launching Of Play Schools And Nurseries
AMA Research follows 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 mainly 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 showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Baby Toys Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Baby Toys Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Baby Toys players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes 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, Baby Toys Study Sheds Light on
The Baby Toys Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Baby Toys industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Baby Toys industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, 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 the value they currently claim or capture the new addressable opportunity.