Global Preschool Toys Market Overview:
Preschool Children’s Toy are the items that can be used for play. Toys are available in different play forms and are made up of different materials. Toys can be natural objects such as dirt, stones, shells, etc., which are made by hand, such as dolls, cards, blocks, and puzzles. Toys play an important role in the entertainment of human society and in the process of children’s socialization.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (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 |
Influencing Trend:
Increasing Investment in Digital Preschool Children’s Toy Technology
Market Growth Drivers:
Rising Expenditure on Education and Increasing Working Women Population
Challenges:
Chemicals are used to Manufacture Toys
Restraints:
Lack of Quality Teaching Staff and Training Facilities
Opportunities:
Advanced Infrastructure As Well As Quality Education in the Preschools and Rising Investment in Education Sector
Competitive Landscape:
The key manufacturers are targeting the innovations of the products with better quality, better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market
Some of the key players profiled in the report are LEGO (Denmark), Mattel Inc. (United States), Hasbro (United States), Bandai (Japan), TAKARA TOMY (Japan), Gigotoys (Taiwan), MGA Entertainment (United States), Simba-Dickie Group (Germany), Giochi Preziosi (Italy), PLAYMOBIL (Germany), Ravensburger (Germany), Leapfrog (United States) and Spin Master (Canada). Additionally, following companies can also be profiled that are part of our coverage like Smoby (France), AULDEY (China), Goldlok Toys (China) and Melissa & Doug (United States). Analyst at AMA Research see Japanese and German Vendors to retain maximum share of Global Preschool Toys market by 2028. Considering Market by Material Type, the sub-segment i.e. Plastic will boost the Preschool Toys market.
Latest Market Insights:
In February 2023, toy giants Mega Brands and Spin Master announced a merger to create a powerhouse in the preschool toy space. The combined company will control popular brands like Hot Wheels, Power Rangers, and PAW Patrol, giving them a significant market share.
In July 2023, Mega Brands, known for its popular Magna-Tiles and Hot Wheels construction sets, acquired Jazwares, a leading manufacturer of licensed toys based on popular characters like Peppa Pig and Pokémon. This merger is expected to create a powerhouse in the toy industry, with a wider range of products and a stronger presence in the preschool market.
The toy safety standard refers to ASTM F963-17, as incorporated with a modification shown in 16 CFR Part 1250. ASTM F963-17, The Standard Consumer Safety Specification for Toy Safety, is a comprehensive standard addressing numerous hazards that have been identified with toys. In 2008, the Consumer Product Safety Improvement Act of 2008 (CPSIA) mandated that the voluntary toy safety standard in effect at that time become a nationwide mandatory children's product safety rule.
What Can be Explored with the Preschool Toys Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Preschool Toys Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Preschool 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 Preschool 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 Preschool 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 Manufacturers of Preschool Toys, Suppliers of Preschool Toys, Wholesalers, Distributors and Retailers of Preschool Toys, Education Institutions, Solution Providers, Childcare Service Providers and Governmental Bodies.
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.