Industry Size, Share of Top Companies, Growth and Forecast – Bloomingprairieonline
According to the latest report from the IMARC group, entitled “Indian Toys Market: Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022-2027,” the India’s toy market reached a value of US$1.35 billion in 2021. Looking ahead, IMARC Group expects the market to reach US$2.73 billion by 2027, growing at a CAGR of 12.6% over the period 2022-2027. Toys are tools specially designed for toddlers and young children. These are made of different materials, such as clay, fabric, paper, plastic and wood. Playing with toys can improve a child’s skills by enhancing their creativity and artistic flair. A wide variety of toys are commonly available on the market, including cards, board games, remote control vehicles, dolls, and puzzles.
We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
Competitive landscape with key players:
Some of the major players operating in the market are:
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Indian Toy Market Trends:
India’s toy market is mainly driven by a large youth consumer base, with half of the population under the age of 25. This, combined with rapid urbanization and inflation in the disposable income levels of the masses, is expected to boost the market. Additionally, development of innovative toys by key players has boosted the growth of the market. For example, toys based on science, technology, engineering, and math (STEM) are gaining prominence among teenage students across the country, creating a positive outlook for the market. Moreover, the easy availability of various toys with the rapid expansion of online retail platforms in India acts as another major growth driver.
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Indian Toys Market Analysis and Segmentation 2022-2027:
Breakdown of the market by type of toy:
- plush toys
- electronic toys
- Games and puzzles
- Building & Construction Toys
- Sports and outdoor toys
- Baby/preschool toys
- Activity toys
- Other Toys
Read more: Best Indian Toy Companies in 2022
Market breakdown by gender:
- Unisex toys
- Toys for girls
- Toys for boys
Market breakdown by distribution channel:
- Specialty stores
- Super Markets and Hyper Markets
- In line
Breakdown by region:
- Tamil Nadu
- Other States
Main highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market drivers and success factors
- SWOT analysis
- Value chain
- Complete mapping of the competitive landscape
Note: If you need specific information that is not currently covered by the report, we can provide it to you as part of the customization.
The IMARC Group is a leading market research firm providing management strategies and market research worldwide. We partner with clients across all industries and geographies to identify their most important opportunities, address their most critical challenges and transform their businesses.
IMARC’s information products include major business, scientific, economic and technological developments for business leaders in pharmaceutical, industrial and high-tech organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverages, travel and tourism, nanotechnology and new processing methods are at the top of the list. company expertise.
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