Toy market news

Toys and Games market to grow by USD 50.73bn, report predicts

The potential growth difference for the toys and games market between 2020 and 2025 is USD 50.73 billion, according to a report by global technology research and advisory company Technavio. The growth will mainly be driven by a rising middle class population with greater personal disposable income.

Toys And Games Market by Product (Activity and ride-on toys, Infant and pre-school toys, Games and puzzles, Plush toys, and Others), Distribution Channel (Offline distribution channel and Online distribution channel), and Geography (North America, Europe, APAC, South America, and MEA) – Forecast and Analysis 2021-2025” outlines the key market dynamics that will impact the toy sector over the next few years.

31% of the market’s growth will originate from North America during the forecast period. The US, Mexico and Canada are the key markets for toys and games in North America. Market growth in this region will be slower than the growth of the market in the European, APAC, and MEA regions. The increasing demand for premium toys, rising spending capacity of consumers, and the presence of several prominent vendors will facilitate the toys and games market growth in North America over the forecast period.