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Educational Toys Market Size

Report ID: GMI6813
Published Date: Sep 2023
Report Format: PDF

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Educational Toys Market Size

Educational Toys Market size was valued at USD 56.4 Billion in 2022 and is anticipated to register a CAGR of over 7% by 2032. Fostering creative thinking is a driving force behind the increased demand for educational toys. Parents and educators recognize that promoting creativity is essential for a child's success. Educational toys that encourage imagination, problem-solving, and artistic expression stimulate critical skills.

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The emphasis on Science, Technology, Engineering, and Mathematics (STEM) education has significantly influenced the industry. STEM-focused toys, such as coding kits, robotics sets, and science experiment kits, are gaining popularity as parents and educators seek to prepare children for careers in technology and innovations. They not only teach technical skills but also promote problem-solving, critical thinking, and a deeper understanding of scientific concepts.

Educational Toys Market Report Attributes
Report Attribute	Details
Base Year:	2022
Educational Toys Market Size in 2022:	USD 56.4 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	7%
2032 Value Projection:	USD 111.2 Billion
Historical Data for:	2018 to 2022
No. of Pages:	220
Tables, Charts & Figures:	494
Segments covered:	Type, Age Group, and Distribution Channel
Growth Drivers:	Rising need for the cultivation of creative thinking Growing emphasis on STEM education Integration of technology into educational toys Growing disposable incomes
Pitfalls & Challenges:	Proliferation of smartphones and tablets High-quality educational toys can be high cost

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The proliferation of smartphones, tablets, video games, and other digital screens has affected the attention span of children. These digital distractions provide immediate & engaging entertainment, making it challenging for traditional educational toys to compete. Parents and caregivers struggle to strike a balance between screen time and physical play, raising concerns about the overuse of technology and its impacts on children's development.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

Global market for educational toys was valued at USD 56.4 billion in 2022 and is anticipated to register a CAGR of over 7% between 2023 and 2032, owing to focus on fostering creative thinking in toddlers & kids.

The supermarkets & hypermarkets segment held a market share of around 42% in 2022 and is projected to grow through 2032, backed by the collaborative agreements among toy makers and supermarkets & hypermarkets for the distribution of educational toys.

North America market held around 35% revenue share in 2022 and will continue to grow attributed to the emerging educational STEM toy startups that introduce fresh ideas and products that align with the region's emphasis on STEM education.

CocoMoco Kids, JAKKS Pacific, Inc., Lego, Mattel Inc., Melissa & Doug, LLC, Ravensburger AG, Simba Dickie Group, TOMY Company, Ltd., and WowWee Group Limited.