NEW YORK, Jan. 23, 2023 /PRNewswire/ -- According to Technavio, the global construction toys market size is estimated to grow by USD 1.23 billion from 2021 to 2026. The market is estimated to grow at a CAGR of 2.79%. Moreover, the growth momentum will accelerate. The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies, growth strategies, product innovations, new product launches, investments, and growth in market share, among others. For more insights, Buy the report!
Global construction toys market - Five forces
The global construction toys market is fragmented, and the five forces analysis covers–
- Bargaining power of buyers
- The threat of new entrants
- Threat of rivalry
- Bargaining power of suppliers
- Threat of substitutes
- For interpretation of Porter's five forces model – Request a sample report
Global construction toys market – Customer landscape
The report includes the market's adoption lifecycle, from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global construction toys market - Segmentation assessment
Technavio has segmented the market based on distribution channel (offline and online).
- The offline segment will account for a significant share of the global market's growth during the forecast period. This channel generates most of its revenue from the sales of products through specialty stores, hypermarkets, supermarkets, convenience stores, and clubhouse stores, and department stores. Vendors in the market are expanding their stores in local and regional markets, which will drive the segment growth during the forecast period.
Based on geography, the global construction toys market is segmented into APAC, North America, Europe, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global construction toys market.
- APAC will account for 43% of the market's growth during the forecast period. China and Japan are the key countries in the construction toys market in the region. However, market growth in this region is expected to be slower than the growth of the market in MEA. The growth of the regional market will be primarily driven by factors such as the rising demand for premium and branded construction toys in countries such as China, Japan, and India.
Global construction toys market – Market dynamics
Key factor driving market growth
- The increased focus of parents on overall childhood development is driving the market's growth.
- Construction toys help improve the creative and social skills of children.
- The rise in focus of parents on inculcating problem-solving and constructive skills in children has increased the demand for construction and building toys.
- To meet this demand, vendors offer innovative construction toys, such as building blocks, construction vehicle model toys, and city-building toys.
- These factors will fuel the growth of the market during the forecast period
Leading trends influencing the market
- The introduction of eco-friendly toys is a key trend in the market.
- Growing health concerns have encouraged many parents and educators to purchase toys made of eco-friendly materials, which are also called green toys.
- Major vendors across the world are gradually shifting from traditional toy manufacturing to eco-friendly toy manufacturing processes.
- For instance, 4M Industrial Development Ltd. offers eco-friendly toys that are made without the use of glue, screws, and tapes.
- Such factors will further support the market growth during the forecast period.
Major challenges hindering market growth
- The presence of counterfeit products is challenging the market's growth.
- The sale of counterfeit products leads to market fragmentation, lack of price standardization, decrease in margins of branded players, reduction in brand equity of major players, uneven competitive scenario, and market share erosion.
- In addition, counterfeit toys can lead to health issues among children.
- Such factors may hinder the market growth during the forecast period
What are the key data covered in this construction toys market report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the construction toys market between 2022 and 2026
- Precise estimation of the size of the construction toys market size and its contribution to the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the construction toys market across APAC, North America, Europe, South America, and Middle East and Africa
- A thorough analysis of the market's competitive landscape and detailed information about vendors
- Comprehensive analysis of factors that will challenge the growth of Construction Toys Market vendors
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The educational toys market is estimated to grow at a CAGR of 8.7% between 2022 and 2027. The size of the market is forecast to increase by USD 16,043.98 million. This report extensively covers market segmentation by age group (0-4 years, 4-8 years, and above 8 years), product (academic toys, cognitive toys, motor skill toys, and other toys), and geography (APAC, North America, Europe, Middle East and Africa, and South America).
The toys and games market is estimated to grow at a CAGR of 8.1% between 2022 and 2027. The size of the market is forecast to increase by USD 70.12 million. This report extensively covers market segmentation product (activity and ride-on toys, infant and pre-school toys, games and puzzles, plush toys, and others), distribution channel (offline and online), and geography (APAC, North America, Europe, Middle East and Africa, and South America).
Construction Toys Market Scope |
|
Report Coverage |
Details |
Page number |
135 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 2.79% |
Market growth 2022-2026 |
USD 1.23 billion |
Market structure |
Fragmented |
YoY growth 2021-2022 (%) |
2.62 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 43% |
Key countries |
US, China, Japan, France, and UK |
Competitive landscape |
Leading vendors, market positioning of vendors, competitive strategies, and industry risks |
Key companies profiled |
4M Industrial Development Ltd., All Star Learning Inc., Bandai Namco Holdings Inc., BASIC FUN Inc., Elenco Electronics Inc., Evertoys Srl, Fat Brain Holdings LLC, Hasbro Inc., Learning Resources Ltd., LEGO System AS, Magformers LLC, Mattel Inc., Melissa and Doug LLC, PlayMonster LLC, Ravensburger AG, Simba Dickie Group GmbH, Smartivity Labs Pvt. Ltd., Spin Master Corp., TOMY Co. Ltd., and VTech Holdings Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and 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. |
Browse for Technavio's consumer discretionary market reports
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.3 Market size 2021
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Distribution Channel
- 5.1 Market segments
- Exhibit 24: Chart on Distribution Channel - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Distribution Channel - Market share 2021-2026 (%)
- 5.2 Comparison by Distribution Channel
- Exhibit 26: Chart on Comparison by Distribution Channel
- Exhibit 27: Data Table on Comparison by Distribution Channel
- 5.3 Offline - Market size and forecast 2021-2026
- Exhibit 28: Chart on Offline - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Offline - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Offline - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Offline - Year-over-year growth 2021-2026 (%)
- 5.4 Online - Market size and forecast 2021-2026
- Exhibit 32: Chart on Online - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Online - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Online - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Online - Year-over-year growth 2021-2026 (%)
- 5.5 Market opportunity by Distribution Channel
- Exhibit 36: Market opportunity by Distribution Channel ($ million)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 38: Chart on Market share by geography 2021-2026 (%)
- Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 40: Chart on Geographic comparison
- Exhibit 41: Data Table on Geographic comparison
- 7.3 APAC - Market size and forecast 2021-2026
- Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 43: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 7.4 North America - Market size and forecast 2021-2026
- Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.5 Europe - Market size and forecast 2021-2026
- Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.6 South America - Market size and forecast 2021-2026
- Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 7.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 7.8 US - Market size and forecast 2021-2026
- Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.9 China - Market size and forecast 2021-2026
- Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
- 7.10 Japan - Market size and forecast 2021-2026
- Exhibit 70: Chart on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on Japan - Year-over-year growth 2021-2026 (%)
- 7.11 France - Market size and forecast 2021-2026
- Exhibit 74: Chart on France - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on France - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on France - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on France - Year-over-year growth 2021-2026 (%)
- 7.12 UK - Market size and forecast 2021-2026
- Exhibit 78: Chart on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on UK - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on UK - Year-over-year growth 2021-2026 (%)
- 7.13 Market opportunity by geography
- Exhibit 82: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- 8.3 Impact of drivers and challenges
- Exhibit 83: Impact of drivers and challenges in 2021 and 2026
- 8.4 Market trends
9 Vendor Landscape
- 9.1 Overview
- 9.2 Vendor landscape
- Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 85: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 86: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 87: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 88: Matrix on vendor position and classification
- 10.3 4M Industrial Development Ltd.
- Exhibit 89: 4M Industrial Development Ltd. - Overview
- Exhibit 90: 4M Industrial Development Ltd. - Product / Service
- Exhibit 91: 4M Industrial Development Ltd. - Key offerings
- 10.4 All Star Learning Inc.
- Exhibit 92: All Star Learning Inc. - Overview
- Exhibit 93: All Star Learning Inc. - Product / Service
- Exhibit 94: All Star Learning Inc. - Key offerings
- 10.5 Bandai Namco Holdings Inc.
- Exhibit 95: Bandai Namco Holdings Inc. - Overview
- Exhibit 96: Bandai Namco Holdings Inc. - Business segments
- Exhibit 97: Bandai Namco Holdings Inc. - Key offerings
- Exhibit 98: Bandai Namco Holdings Inc. - Segment focus
- 10.6 Hasbro Inc.
- Exhibit 99: Hasbro Inc. - Overview
- Exhibit 100: Hasbro Inc. - Business segments
- Exhibit 101: Hasbro Inc. - Key news
- Exhibit 102: Hasbro Inc. - Key offerings
- Exhibit 103: Hasbro Inc. - Segment focus
- 10.7 Learning Resources Ltd.
- Exhibit 104: Learning Resources Ltd. - Overview
- Exhibit 105: Learning Resources Ltd. - Product / Service
- Exhibit 106: Learning Resources Ltd. - Key offerings
- 10.8 LEGO System AS
- Exhibit 107: LEGO System AS - Overview
- Exhibit 108: LEGO System AS - Product / Service
- Exhibit 109: LEGO System AS - Key news
- Exhibit 110: LEGO System AS - Key offerings
- 10.9 Melissa and Doug LLC
- Exhibit 111: Melissa and Doug LLC - Overview
- Exhibit 112: Melissa and Doug LLC - Product / Service
- Exhibit 113: Melissa and Doug LLC - Key offerings
- 10.10 Ravensburger AG
- Exhibit 114: Ravensburger AG - Overview
- Exhibit 115: Ravensburger AG - Product / Service
- Exhibit 116: Ravensburger AG - Key offerings
- 10.11 Simba Dickie Group GmbH
- Exhibit 117: Simba Dickie Group GmbH - Overview
- Exhibit 118: Simba Dickie Group GmbH - Product / Service
- Exhibit 119: Simba Dickie Group GmbH - Key offerings
- 10.12 VTech Holdings Ltd.
- Exhibit 120: VTech Holdings Ltd. - Overview
- Exhibit 121: VTech Holdings Ltd. - Business segments
- Exhibit 122: VTech Holdings Ltd. - Key offerings
- Exhibit 123: VTech Holdings Ltd. - Segment focus
11 Appendix
- 11.1 Scope of the report
- 11.2 Inclusions and exclusions checklist
- Exhibit 124: Inclusions checklist
- Exhibit 125: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 126: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 127: Research methodology
- Exhibit 128: Validation techniques employed for market sizing
- Exhibit 129: Information sources
- 11.5 List of abbreviations
- Exhibit 130: List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide 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.
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Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
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