NEW YORK, Feb. 17, 2022 /PRNewswire/ -- The online toys and games retailing market is set to grow by USD 9.10 billion from 2019 to 2024, progressing at a CAGR of 10% as per the latest market report by Technavio. North America accounted for the largest online toys and games retailing market share in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. An increasing number of consumers opting for online purchases of toys and games, the rise in disposable income, and a decline in unemployment rates will significantly influence online toys and games retailing market growth in this region. 35% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for online toys and games retailing in North America. Market growth in this region will be slower than the growth of the market in MEA and South America.
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The online toys and games retailing market covers the following areas:
- Online Toys And Games Retailing Market Sizing
- Online Toys And Games Retailing Market Forecast
- Online Toys And Games Retailing Market Analysis
Online toys and games retailing market - Driver
The availability of multipurpose toys and games is one of the primary factors driving the market growth. Constant innovations in the field of toys and games have induced several consumers to opt for multipurpose toys and games that provide children with knowledge, fun, and entertainment. Parents seek toys that help children develop creativity, logical thinking, and problem-solving abilities. One of the key vendors, Amazon.com, has introduced a subscription program called the STEM club that is aimed at parents. Consumers are required to visit the STEM club home page and select the appropriate age of their child to sign-up for the subscription. Amazon.com hand-picks the products and assures they are age-appropriate and delivers them to the specified addresses. Such initiatives taken up by websites to cater to the increasing needs and demands of consumers will drive the growth of the market.
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Companies Mentioned
The Online toys and games retailing market is fragmented with the presence of many global, regional, and local retailers (buyers) that offer a range of products at almost similar prices. The report provides information on the production, sustainability, and prospects of several leading companies, including:
- Alibaba Group Holding Ltd.
- Amazon.com Inc.
- Fat Brain Holdings LLC
- Kohl's Corp.
- Nordstrom Inc.
- Overstock.com Inc.
- Target Corp.
- TinToyArcade.com LLC
- Walmart Inc.
- The Walt Disney Co
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Online toys and games retailing market - Segmentation Analysis
Technavio analyzes the Online toys and games retailing market by Product (activity and ride-on toys, infant and pre-school toys, plush toys, games and puzzles, and others) and Geographic Landscape (APAC, Europe, MEA, North America, and South America). Technavio report provides an accurate prediction of the contribution of all the segments to the growth of the online toys and games retailing market size.
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Online Toys And Games Retailing Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2019 |
Forecast period |
2020-2024 |
Growth momentum & CAGR |
Accelerate at a CAGR of 10% |
Market growth 2020-2024 |
USD 9.10 billion |
Market structure |
Fragmented |
YoY growth (%) |
9.84 |
Regional analysis |
North America, APAC, Europe, South America, and MEA |
Performing market contribution |
North America at 35% |
Key consumer countries |
US, China, Canada, Germany |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Alibaba Group Holding Ltd., Amazon.com Inc., Fat Brain Holdings LLC, Kohl's Corp., Nordstrom Inc., Overstock.com Inc., Target Corp., TinToyArcade.com LLC, Walmart Inc., and The Walt Disney Co |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period, |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Key Topics Covered:
Executive Summary
- Market Overview
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product placement
- Activity and ride-on toys - Market size and forecast 2019-2024
- Infant and pre-school toys - Market size and forecast 2019-2024
- Plush toys - Market size and forecast 2019-2024
- Games and puzzles - Market size and forecast 2019-2024
- Others - Market size and forecast 2019-2024
- Market opportunity by Product
Customer landscape
- Overview
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Volume driver - Demand led growth
- Volume driver - Supply led growth
- Volume driver - External factors
- Volume driver - Demand shift in adjacent markets
- Price driver - Inflation
- Price driver - Shift from lower to higher-priced units
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Alibaba Group Holding Ltd.
- Amazon.com Inc.
- Fat Brain Holdings LLC
- Kohl's Corp.
- Nordstrom Inc.
- Overstock.com Inc.
- Target Corp.
- The Walt Disney Co.
- TinToyArcade.com LLC
- Walmart Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
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