NEW YORK, March 11, 2021 /PRNewswire/ -- The global smart toys market is set to grow by USD 878.60 mn during 2020-2024, progressing at a CAGR of almost 3%. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Activision Blizzard Inc., Hasbro Inc., LEGO System AS, Makeblock Co. Ltd., Mattel Inc., Silverlit Toys Manufactory Ltd., Sony Corp., Spin Master Corp., Ubtech Robotics Inc., and VTech Holdings Ltd. are some of the major market participants. The adoption of STEM toys for children's skills enhancement will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. Download Free Sample Report
Smart Toys Market 2020-2024: Segmentation
Smart Toys Market is segmented as below:
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR44886
Smart Toys Market 2020-2024: Vendor Analysis and Scope
To help businesses improve their market position, the smart toys market provides a detailed analysis of around 25 vendors operating in the market. Some of these vendors include Activision Blizzard Inc., Hasbro Inc., LEGO System AS, Makeblock Co. Ltd., Mattel Inc., Silverlit Toys Manufactory Ltd., Sony Corp., Spin Master Corp., Ubtech Robotics Inc., and VTech Holdings Ltd.
The report also covers the following areas:
Market trends such as the rising awareness for character-based smart toys is likely to emerge as one of the primary drivers of the market. However, factors such as the high availability of substitutes may threaten the growth of the market.
Backed with competitive intelligence and benchmarking, our research reports on the smart toys market are designed to provide entry support, customer profile & M&As as well as go-to-market strategy support.
Related Reports on Consumer Discretionary Include:
Global Educational Toys Market - Global educational toys market is segmented by age group (0-4 years, 4-8 years, and above 8 years), product (academic toys, cognitive toys, motor skills toys, and other toys), and geography (APAC, Europe, MEA, North America, and South America). Get an Exclusive Free Sample Report Here!
Global Online Toys and Games Retailing Market - Global online toys and games 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). Get an Exclusive Free Sample Report Here!
Smart Toys Market 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Technology
Market Segmentation by Distribution channel
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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