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Kids Toys Market Trends

Report ID: GMI5575
Published Date: Sep 2024
Report Format: PDF

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Kids Toys Market Trends

The integration of technology into toys has led to the rise of smart and interactive products. These toys often include features such as voice recognition, augmented reality (AR), and connectivity with mobile apps, providing enhanced play experiences and educational benefits. With the growing emphasis on STEM (Science, Technology, Engineering, and Mathematics) education, robotics and coding toys are increasingly popular. These toys help children learn programming skills and robotics principles in a fun and engaging manner. There is growing consumer demand for toys made from sustainable and eco-friendly materials. Brands are focusing on using recycled plastics, biodegradable materials, and non-toxic finishes.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The kids toys market was valued at USD 134.1 billion in 2023 and is estimated to grow at 4.5% CAGR during 2024-2032 owing to technological innovations.

The plastic segment in the market held 41% share in 2023 owing to its high versatility and cost-effectiveness, allowing manufacturers to produce a wide range of toy types at lower costs.

North America kid toys market recorded USD 35.4 billion in 2023 and is expected to reach USD 53.3 billion by 2032 due to a growing emphasis on educational toys that support early learning and cognitive development.

Bandai Namco Holdings Inc., Crayola LLC., Hasbro, Inc., Jakks Pacific, Inc., LeapFrog Enterprises, Inc., Mattel, Inc., Melissa & Doug, LLC, MGA Entertainment, Inc., Playmobil, Ravensburger AG, Spin Master Ltd., and The LEGO Group among others.