Global Toy Market (2021 Edition) – Market Insights, COVID-19 Implications, Competition & Forecast

DELHI, India - Sept. 27, 2021 - PRLog -- Global Toy Market was valued at USD 93.63 Billion in the year 2020. During the year 2020 and continuing into 2021, the world has been significantly impacted by the COVID-19 pandemic. Although the brick and mortar retail market has seen disruptions because of continued lockdowns, the toy market witnessed positivity in the growth rate because of growth in e-commerce, and in particular, sales of games with children largely spending their time in households.

Toys play a crucial role in the growth and development of the children and also plays a vital importance in brain development as toys aid in acquiring logical and reasoning skills, helps in gaining spatial reasoning along with logical skills. Playing with toys and board games also assists children in learning as well as building social and communication skills.

The rise in demand for strategy-based and educational based toys among the children propels the growth of the toys market. In addition, the Chinese government has relaxed its decades-old one-child policy and adopted 'three child policy' to address the challenge of an ageing population.

Companies are focusing on establishing partnerships with different marketing agencies and the popular social media influencers related to the kids' content to build their strong brand image. This helps them in driving their revenues from gaming items. For instance, in September 2020, Zuru, a Chinese game maker, partnered with Fanbyted, a U.K. based digital marketing agency, to improve its brand image among U.K. consumers. Additionally, the growing popularity of multi-coloured toy items among pre-school children is further likely to fuel this market growth.

Scope of the Report

• The report presents the analysis of Toy Market for the historical period of 2016-2020 and the forecast period of 2021-2026.
• The report analyses Toy Market By Value.
• The report analyses Toy Market By Product Type (Games and Puzzles, Infant and pre-school toys, Construction Toys, Dolls and Accessories, Outdoor and Sports Toys, Others)
• The report further assesses the Toy Market By Age (0-8 years, 8-15 years, 15 years and above)
• The report further assesses the Toy Market By Distribution Channel (E-commerce, Supermarket, Traditional Stores, Departmental Stores, Others)

For more Information:

https://azothanalytics.com/report/consumer-goods-and-services/global-toy-market-2021-edition-analysis-by-product-type-by-age-by-distribution-channel-by-region-by-country-market-insights-covid-19-implications-competition-and-forecast-2021-2026

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