What is Rubik's Cube?
Rubik's Cube is a 3-D combination puzzle invented in the form of square box with 6 different colors on each side. It is operated as a gaming prop. While it is been also used to enhance memory power. The market of Rubic's cube is growing due to the factor like growing educational system in various region. While some of the factors like availability of substitute is hampering the market growth.
The market study is broken down by Type (Ordinary Rubik 's Cube, Alien Rubik 's Cube, Variant Rubik 's Cube and Others), by Application (Entertainment, Competition and Others) and major geographies with country level break-up.
Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Rubik's (United Kingdom), VERDES (Greece), Dayan (China), Cube4you (China), MoYu (China) and GAN Cube (China) are some of the key players that are part of study coverage.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Rubik's Cube market by Type, Application and Region.
On the basis of geography, the market of Rubik's Cube 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). If we see Market by Distribution Channel, the sub-segment i.e. Offline will boost the Rubik's Cube market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Trend
- Advancement in the educational sector
Market Drivers
- Rubik's Cube helps in improvement of problem-solving skills, it improves the concentration in general and also ensures that one can process their thoughts faster. Currently many educational system are operating various fun technique for learning system. It also helps in eye-hand coordination. It generates the cognitive ability and improves the thinking and memory. Basically it is also been used to teach many life lessons like patience, perseverance and focus in the process.
Opportunities
- Growth rate in various region due to famous product
Restraints
- Availability of cheaper substitute in the market
Key Target Audience
Industry Investors, Rubik's Cube Manufacturers, End User Industries, Traders, Distributors, and Suppliers, Government and Research Organizations and Associations and Industry Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.