Educational Toy Market | Insights on the Crisis and the Roadmap to Recovery from COVID-19 Pandemic | Technavio
The global educational toy market is expected to register an incremental growth of USD 24.30 billion, witnessing a CAGR of about 15% during 2020-2024, according to the latest market research analysis by Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the educational toy market in optimistic, probable, and pessimistic forecast scenarios.
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Technavio has announced its latest market research report titled Global Educational Toys Market 2020-2024 (Graphic: Business Wire)
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Amid the COVID-19 Crisis, the Revaluated and Updated Educational Toy Market Report Says:
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Educational Toy Market Segmentation and Competitive Analysis
The educational toy market is segmented by product (academic toys, cognitive toys, motor skills toys, and other toys), age group (0-4 years, 4-8 years, and above 8 years), and geography (APAC, North America, Europe, South America, and MEA). Increasing demand for smart toys has been an instrumental factor in influencing the growth of the educational toy market. Other market drivers include increased emphasis on STEM toys and an increasing number of investments in the market.
The market is fragmented. The report analyzes the market's competitive landscape and offers information on several market vendors, including Engino.net Ltd., Hasbro Inc., Johnco Productions Pty Ltd., Learning Resources Ltd., LEGO System AS, Mattel Inc., Melissa & Doug LLC, MindWare Inc., Ravensburger AG, and VTech Holdings Ltd. Moreover, Technavio offers custom research analysis on the crucial pointers to highlight the impact of COVID-19 on the market across the supply chain.
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Technavio is a leading global technology research and advisory company. Their research and analysis focus 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.
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