Worldwide Educational Toys Industry to 2026 - Growing Demand for Inspirational and Aspirational Toys is Driving the Market
DUBLIN, July 22, 2021 /PRNewswire/ -- The "Educational Toys Market - Global Outlook & Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The educational toy market by revenue is expected to grow at a CAGR of 8.11% during the period 2020-2026.
The study considers the educational toy market's present scenario and its market dynamics for the period 2020?2026. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the market.
The global educational toys market research report includes a detailed segmentation by educational toy type, educator type, age group, distribution channel, category, geography. The rising awareness in APAC, Latin America, and Arab countries for children's education boosts the demand for educational toys across countries such as South Korea, Brazil, India, South Africa, and others. The development of STEM toys that make learning complex concepts easy and fun is expected to boost the demand for academic toys across countries. During COVID-19, when most of the population was locked inside their homes, several vendors were working on finding ways to improve their product lines and expand their offerings in the market.
The key vendors in the global educational toys market include LEGO, Mattel, Hasbro, Vtech, Spin Master, Bandai Namco, and more. The present scenario forces vendors to alter and refine their unique value proposition to achieve a strong presence in the learning toys maket. The focus is heavily shifting toward the use of eco-friendly raw materials in the manufacturing of educational toys. Vendors are expected to shift their manufacturing from plastics to recycle toys. The competition will intensify further with an increase of technological innovations worldwide.
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24 Key Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/ch2hof
Research and Markets
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