Technavio has been monitoring the educational toys market, operating under the consumer discretionary industry. The latest report on the educational toys market, 2020-2024 estimates it to register an incremental growth of USD 24.30 billion, at a CAGR of about 15% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage on the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Engino.net Ltd., Hasbro Inc., Johnco Productions Pty Ltd., Learning Resources Ltd., LEGO System AS, Mattel Inc., Melissa & Doug LLC, MindWare Inc., Ravensburger AG, and VTech Holdings Ltd. are among some of the major market participants.
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Increasing demand for smart toys has been instrumental in driving the growth of the market. However, the threat from counterfeit products might hamper market growth.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
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Educational Toys Market 2020-2024: Segmentation
Educational Toys Market is segmented as below:
Based on geographic segmentation, over 36% of the market's originated from APAC during the forecast period. In addition, the academic toys segment led the growth under the segmentation by product. This report provides an accurate prediction of the contribution of all the segments to the growth of the superfood powders market size.
Educational Toys Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The educational toys market report covers the following areas:
This study identifies the growing popularity of green toys as one of the prime reasons driving the Educational Toys Market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
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Educational Toys Market 2020-2024: Key Highlights
Related Reports on Consumer Discretionary Include:
Global Smart Toys Market - Global smart toys market is segmented by technology (Wi-Fi, Bluetooth, and others), distribution channel (offline and online), and geography (APAC, Europe, MEA, North America, and South America). Click Here to Get an Exclusive Free Sample Report
Global Online Toys and Games Retailing Market - Global online toys and games retailing market is segmented by product (activity and ride-on toys, infant and pre-school toys, plush toys, games and puzzles, and others) and geography (APAC, Europe, MEA, North America, and South America). Click Here to Get an Exclusive Free Sample Report
Table of Contents:
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by Age
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