Technavio has been monitoring the toy and games market and is projected to grow by $ 54.72 billion between 2020 and 2024, a CAGR of over 8% over the forecast period. The report provides an up-to-date analysis of the current market scenario, the latest trends and drivers, as well as the overall market environment.
https://www.businesswire.com/news/home/20200906005008/de/“data-reactid =” 13 “> This press release contains multimedia content. You can find the full version here: https://www.businesswire.com/news/home/20200906005008/de/
Technavio has announced its latest market research report entitled Global Toys and Games Market 2020-2024 (Graphic: Business Wire).
Download a free sample report on the effects of COVID-19 “data-reactid =” 26 “>Although the COVID-19 pandemic continues to change the growth of various industries, the immediate effects of the outbreak are different. While some industries will see a decline in demand, many others remain unscathed and have promising growth opportunities. Technavio’s in-depth research covers all of your needs as our research reports cover all foreseeable market scenarios, including pre and post COVID-19 analysis. Download a free sample report on the effects of COVID-19
The increase in online sales is a major trend that is driving the growth of the market.
Year-over-year growth for 2020 is estimated at 7.57% and the market incremental growth is expected to be $ 54.72 billion.
Atlas Games, Clementoni Spa, Goliath Games LLC, Hasbro Inc., LEGO Group, Mattel Inc., Ravensburger AG, Thames & Kosmos, TOMY Co. Ltd. and VTech Holdings Ltd. are some of the key market players.
The popularity of TV shows and movies is one of the main factors driving the market.
The APAC region will contribute 40% of the market share.
The market is fragmented and the degree of fragmentation will accelerate over the forecast period. Atlas Games, Clementoni Spa, Goliath Games LLC, Hasbro Inc., LEGO Group, Mattel Inc., Ravensburger AG, Thames & Kosmos, TOMY Co. Ltd. and VTech Holdings Ltd. are some of the key market players. The popularity of TV shows and movies offers tremendous growth opportunities. To take advantage of the most opportunities, market vendors should focus more on the growth prospects in the fast growing segments while maintaining their position in the slow growing segments.
The toy and games market is divided as follows:
- Activity and ride-on toys
- Children’s and preschool toys
- Plush toys
- Games and puzzles
- Distribution channel
- Offline sales channel
- Online sales channel
- Geographical landscape
- North America
- South America
https://www.technavio.com/talk-to-us?report=IRTNTR41411“data-reactid =” 44 “>Download a free sample to learn more about the global trends that are affecting the future of market research: https://www.technavio.com/talk-to-us?report=IRTNTR41411
Toy and games market The report covers the following areas: “data-reactid =” 46 “> Technavio provides a detailed picture of the market by studying, synthesizing and aggregating data from multiple sources Toy and games market The report covers the following areas:
- Market size for toys and games
- Market trends for toys and games
- Analysis of the toys and games market
This study identifies the increase in online sales as one of the main reasons for the growth of the toy and games market over the next few years.
Technavio’s subscription platform“data-reactid =” 53 “>Register for a free trial today and get instant access to 17,000+ market research reports. Technavio’s subscription platform
The story goes on
Technavio is a leading global technology research and consulting company. Her research and analysis focuses on emerging market trends and provides actionable insights that companies can use to identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s report library comprises more than 17,000 reports and 800 technologies from 50 countries. Her customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s extensive coverage, research and actionable market insights to identify opportunities in existing and potential markets and assess their competitive position in changing market scenarios.
View source version on businesswire.com:“data-reactid =” 158 “>
Website: www.technavio.com/“data-reactid =” 160 “> Technavio Research
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
E-mail: [email protected]