Science, Technology, Engineering, And Mathematics (STEM) Toys Market to grow by USD 964.09 million during 2021-2025, Elenco Electronics Inc. and Hasbro Inc. emerge as Key Contributors to growth| Technavio
Technavio has monitored the science, technology, engineering, and mathematics (STEM) toys market in its latest market research report. The market is poised to grow by USD 964.09 mn during 2021-2025, progressing at a CAGR of 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Impact of COVID-19 The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have at par impact on the science, technology, engineering, and mathematics (STEM) toys market. Frequently Asked Questions:
Based on segmentation by Distribution Channel, which is the leading segment in the market? The offline distribution channel segment will lead the market during the forecast period.
What is the major driver in the market? The growth of a collaborative environment in educational institutions will drive the market.
At what rate is the market projected to grow? The market is projected to grow at a CAGR of almost 5%.
What are the key market drivers and challenges? Although a steady increase in the adoption of STEM toys in education will foster the market growth, intense competition from mobile games may impede the market growth.
How big is the APAC market? 35% of the growth will originate from APAC.
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Educational Toys Market by Product, Age, and Geography - Forecast and Analysis 2021-2025: The educational toys market has the potential to grow by USD 28.40 billion during 2021-2025, according to Technavio. Download PDF Sample.
Smart Toys Market by Technology, Distribution Channel, and Geography - Forecast and Analysis 2020-2024: The smart toys market size is expected to grow by USD 878.60 million and record a CAGR of 3% during 2020-2024, according to Technavio.Download PDF Sample
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 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. are some of the major market participants. Although the growth of a collaborative environment in educational institutions, rising adoption of STEM toys as teaching aids and strong growth in online sales will offer immense growth opportunities, is likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this science, technology, engineering, and mathematics (stem) toys market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Science, Technology, Engineering, and Mathematics (STEM) Toys Market 2021-2025: Segmentation
Science, Technology, Engineering, and Mathematics (STEM) Toys Market is segmented as below:
Science, Technology, Engineering, and Mathematics (STEM) Toys Market Size
Science, Technology, Engineering, and Mathematics (STEM) Toys Market Trends
Science, Technology, Engineering, and Mathematics (STEM) Toys Market Industry Analysis
This study identifies the introduction of subscription services for STEM toys as one of the prime reasons driving the Science, Technology, Engineering, and Mathematics (STEM) toys market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports. Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform
CAGR of the market during the forecast period 2021-2025
Detailed information on factors that will assist science, technology, engineering, and mathematics (STEM) toys market growth during the next five years
Estimation of the science, technology, engineering, and mathematics (STEM) toys market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the science, technology, engineering, and mathematics (STEM) toys market across APAC, North America, Europe, MEA, and South America
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of science, technology, engineering, and mathematics (STEM) toys market vendors
Table of Contents:
Value chain analysis
Market segment analysis
Market size 2020
Market outlook: Forecast for 2020 - 2025
Five Forces Analysis
Five Forces Summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by Distribution channel
Comparison by Distribution channel
Offline - Market size and forecast 2020-2025
Online - Market size and forecast 2020-2025
Market opportunity by Distribution channel
APAC - Market size and forecast 2020-2025
North America - Market size and forecast 2020-2025
Europe - Market size and forecast 2020-2025
MEA - Market size and forecast 2020-2025
South America - Market size and forecast 2020-2025
Key leading countries
Market opportunity by geography
Market positioning of vendors
Elenco Electronics Inc.
Johnco Productions Pty Ltd.
Learning Resources Ltd.
LEGO System AS
Melissa & Doug LLC
Smartivity Labs Pvt. Ltd.
Spin Master Corp.
Scope of the report
Currency conversion rates for US$
List of abbreviations
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