1. The toys market is booming
The toys market is booming and there is no stopping it. With the release of new movies, video games, and other entertainment mediums, the demand for toys has increased exponentially. This is good news for toy manufacturers as they are able to sell their products at a higher price. However, this is bad news for parents who have to spend more money on toys for their children.
The most popular toys right now are based on movies and video games. The release of the new Star Wars movie has caused a surge in demand for all things related to the movie. This includes toys, clothes, and other merchandise. The same can be said for the release of the new Batman v Superman movie. Video games are also a big hit with kids right now. The release of the new Call of Duty game has led to an increase in demand for toy guns and other war-related toys.
The toys market is expected to continue to grow in the coming years. This is good news for toy manufacturers, but bad news for parents who have to pay for these toys.
2. The demand for toys is growing
The demand for toys is growing
The global toy market is estimated to be worth $93.1 billion in 2020, up from $89.4 billion in 2019. The market is expected to grow at a compound annual growth rate (CAGR) of 2.6% between 2020 and 2025 to reach $106.3 billion.
There are several factors driving the growth of the toy market. Firstly, the world population is projected to grow from 7.7 billion in 2020 to 8.5 billion by 2030, which will result in more children being born and entering the key 0-14 age group. Secondly, the global economy is expected to recover from the Covid-19 pandemic in 2021, which will lead to increased spending on discretionary items such as toys.
Thirdly, the rise of digital technologies is resulting in the development of new types of toys that are more interactive and engaging for children. Some of the most popular toys on the market at the moment are robotic pets, such as the Sony Aibo, as well as augmented reality (AR) and virtual reality (VR) toys.
Finally, the growing popularity of unboxing videos on YouTube and other social media platforms is driving demand for collectible toys, such as Funko Pop! vinyl figures.
The global toy market is forecast to continue growing in the coming years, driven by population growth, economic recovery, and the rise of new technologies.
3. The supply of toys is increasing
It’s no secret that the toy industry is booming. In fact, it’s expected to reach a value of $120 billion by the end of 2020. A large part of this growth is due to the increasing supply of toys.
There are a number of reasons for the increasing supply of toys. First, the population is growing. There are more children being born every day, which means there is a greater demand for toys. Second, the global economy is doing well. This means that parents have more disposable income to spend on toys for their children. Finally, the toy industry is becoming more innovative, which is leading to the development of new and unique toys that are in high demand.
As the supply of toys continues to increase, so does the demand. This is good news for the toy industry, as it indicates that the market is healthy and growing. It is also good news for parents and children, as it means that there are more options available when it comes to finding the perfect toy.
4. The prices of toys are rising
It’s no secret that the prices of toys have been on the rise in recent years. In fact, according to the Consumer Price Index, the cost of toys has increased by nearly 6% since 2013. This is bad news for parents who are already struggling to keep up with the rising cost of living.
There are a number of factors that have contributed to the rising cost of toys. First, the cost of raw materials has increased significantly in recent years. This is largely due to the fact that China, which produces a large percentage of the world’s toys, has been experiencing inflation.
Secondly, the cost of shipping and logistics has also increased. This is due to the fact that fuel prices have been on the rise, and it costs more to ship goods from China to the United States.
Lastly, the tariffs that have been placed on Chinese goods by the Trump administration have also contributed to the rising cost of toys. These tariffs have made it more expensive for toy manufacturers to import goods from China, and they have passed these costs on to consumers in the form of higher prices.
So what does this all mean for parents? Well, it means that you’re going to have to start spending more money on toys for your kids. But it also means that you need to be more selective about the toys you buy.
Instead of buying your child the latest and greatest toy that they may only play with for a few weeks, consider investing in a few high-quality, classic toys that will stand the test of time. These toys may cost a bit more upfront, but they will save you money in the long run.
So don’t be discouraged by the rising cost of toys. Instead, use it as an opportunity to teach your children the value of quality over quantity.
5. The competition in the toys market is fierce
The competition in the toys market is fierce. There are many big players and many small players. The big players have the scale and the small players have the agility. The big players have the marketing budgets and the small players have the social media buzz. The big players have the legacy and the small players have the freshness.
The competition is also fierce because the toys market is a global market. There are players from all over the world competing for the same customers. There are players from China, from Europe, from the United States, from Japan, and from many other countries.
The competition is also fierce because the customers are demanding. They want the best products at the best prices. They want the products to be safe and to be of good quality. They want the products to be delivered on time.
The competition is also fierce because there are many new players entering the market every year. The entry of new players keeps the market dynamic and keeps the prices down.
The competition is also fierce because the market is fragmented. There are many players and many products and many channels. The fragmentation makes it difficult for any one player to dominate the market.
The competition is also fierce because the products are commoditized. There are many products that are very similar and the customers can easily switch from one product to another.
The competition is also fierce because of the low barriers to entry. Anybody can start a toy company. All you need is a good idea and some capital.
The competition is also fierce because the margins are low. The toy companies are not making a lot of money. They are all competing on price.
The competition is also fierce because the cycle times are short. The toy companies have to design new products every year to keep the customers interested.
The competition is also fierce because the products are perishable. The toy companies have to sell the products before they go out of style.
The competition is also fierce because the customers are fickle. The toy companies have to constantly innovate to keep the customers interested.
The competition is also fierce because the products are seasonal. The toy companies have to sell the products during the holiday season.
6. The future of the toys market is bright
The future of the toys market is bright. In the next few years, the global toys market is expected to grow significantly. This is mainly attributed to the growing demand from the Asia-Pacific region, where the population is young and the middle class is rapidly growing.
In addition, the global toys market is also being driven by the growing popularity of digital toys. These toys are becoming increasingly popular with children and parents alike, as they offer a more interactive and engaging play experience. As the technology behind these toys continues to evolve, we can expect to see even more innovative and exciting products hitting the market in the years to come.
So, if you’re looking to invest in the toys market, the future looks bright. With strong growth expected in the coming years, now is the perfect time to get involved.
LIST OF KEY COMPANIES PROFILED:
- Lego System A/S(Billund, Denmark)
- Hasbro Inc.(Rhode Island,U.S.)
- Mattel Inc.(California, U.S.)
- Ravensburger Holding GmbH & Co. KG(Ravensburg, Germany)
- Spin Master(Toronto, Canada)
- MGA Entertainment Inc. (California, U.S.)
- PAI Partners(Paris, France)
- Nintendo Co. Ltd. (Kyoto, Japan)
- Radio Flyer (Illinois, U.S.)
- A.L. Lindsay & Company(New South Wales, Australia)
- Artsana Group (Grandate, Italy)
- KNex Industries Inc. (Pennsylvania, U.S.)
Report Scope & Segmentation
Value (USD Billion)
|By Product Type|
|By Age Group|
|By Distribution Channel|