NEW YORK , March 10, 2022 /PRNewswire/ -- Science, technology, engineering, and mathematics (STEM) toys Market Facts at a Glance-
To understand more about Market Dynamics. Download our FREE sample report
The Science, technology, engineering, and mathematics (STEM) toys Market is expected to increase by USD 964.09 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 5% as per the latest market forecast report by Technavio. The science, technology, engineering, and mathematics (STEM) toys market share growth by the offline segment will be significant for revenue generation. Globalization has spurred investments in traditional commerce and has subsequently increased the number of specialty toy stores providing scientific and educational toys. Customers with impulsive buying behavior prefer to shop STEM toys from the offline channel as they can make an immediate purchase and get possession of the product on the spot after making the purchase.
To gain further insights on the market contribution of various segments - Download a FREE Sample!
Vendor Insights-
The Science, technology, engineering, and mathematics (STEM) toys Market is fragmented, and the vendors are deploying growth strategies such as focusing on product delivery through multiple distribution channels to compete in the market.
Find additional highlights on the vendors and their product offerings. Download Free Sample Report
Regional Market Outlook
The Science, technology, engineering, and mathematics (STEM) toys Market share growth in APAC will be significant during the forecast period. 35% of the market's growth will originate from APAC during the forecast period. Japan and China are the key markets for science, technology, engineering, and mathematics (STEM) toys in APAC. Market growth in this region will be faster than the growth of the market in other regions. Parents and teachers encourage context-based learning over traditional exam-oriented learning for students in classrooms and related learning environments.
Download our FREE sample report for more key highlights on the regional market
Latest Drivers & Trends Driving the Market-
The growth of a collaborative environment in educational institutions will fuel the growth of the science, technology, engineering, and mathematics toys market size. Several countries are adopting new standards in primary and secondary education to promote a collaborative learning environment in classrooms. The education sector has witnessed a shift towards an example-oriented, context-based learning approach. Students are encouraged to understand the subject better through practical examples and illustrative designs in classrooms, as opposed to rote memorization. This heightens student participation and learning in STEM subjects.
The introduction of subscription services for STEM toys is a major trend supporting the science, technology, engineering, and mathematics toys market share growth. Many online retailers provide subscription services for STEM toys in addition to retail services. The shift toward context-based education has increased the adoption of STEM toys in the learning environment. Amazon launched its STEM toy club subscription service with a focus on working parents. The company provides a STEM toy that encourages learning about core STEM aspects, for a chargeable monthly subscription fee. STEM toys are handpicked by STEM experts to ensure safety and compatibility to age groups (3-5 years, 5-7 years, and 8-13 years)
Find additional information about various other market Drivers & Trends mentioned in our FREE sample report.
Didn't Find What You Were Looking For? Customize Report-
Don't miss out on the opportunity to speak to our analyst and know more insights about this market report. Our analysts can also help you customize this report according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.
We offer USD 1,000 worth of FREE customization at the time of purchase. Speak to our Analyst now!
Related Reports:
Science, Technology, Engineering, And Mathematics (STEM) Toys Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5% |
Market growth 2021-2025 |
USD 964.09 million |
Market structure |
Fragmented |
YoY growth (%) |
3.86 |
Performing market contribution |
APAC at 35% |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Elenco Electronics Inc., Hasbro Inc., Johnco Productions Pty Ltd., Learning Resources Ltd., LEGO System AS, Mattel Inc., Melissa & Doug LLC, Ravensburger AG, Smartivity Labs Pvt. Ltd., and Spin Master Corp. |
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. |
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Distribution channel
Customer Landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
Share this article