NEW YORK, Aug. 19, 2021 /PRNewswire/ -- The educational toys market is expected to grow by USD 28.40 billion, progressing at a CAGR of over 14% during the forecast period.
NEW YORK, Aug. 19, 2021 /PRNewswire/ -- The educational toys market is expected to grow by USD 28.40 billion, progressing at a CAGR of over 14% during the forecast period.
The increasing demand for smart toys, rising emphasis on STEM toys, surging number of investments, and growing personal disposable income are some of the major factors propelling market growth. In addition, the rising popularity of green toys, the surging emergence of 3D printing in toy manufacturing, and the growing use of licensed merchandise for marketing and branding are some of the prominent trends anticipated to contribute to the market's growth in the next few years. However, factors such as the threat from counterfeit products will hamper the market growth.
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Educational Toys Market: Product Landscape
The education toys market is segmented by academic toys, cognitive toys, motor skills toys, and other toys. Academic toys was the largest segment of the market in 2020 and will continue to be the largest segment of the market in 2025, growing faster than the overall market.
Educational Toys Market: Geographic Landscape
By geography, APAC is going to have a lucrative growth during the forecast period. About 36% of the market's overall growth is expected to originate from APAC due to the economic development in the region with China and Japan emerging as the key contributors to the market's growth.
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Key Topics Covered:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by Age
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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