According to the report published by Allied Market Research, the South Asia kids toys market was pegged at $6.66 billion in 2020 and is estimated to hit $10.99 billion by 2030, registering a CAGR of 5.4% from 2021 to 2027. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and changing market trends.
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Emergence of games in bars and cafes and increase in demand from children and young population drive the growth of the South Asia kids toys market. On the other hand, imposition of regulations, growth in digitalization, and widespread penetration of smartphones restrain the growth to some extent. However, reduction of carbon footprints and several environment-friendly initiatives are expected to create lucrative opportunities in the industry.
As there are more local events and occasions, there will likely be a greater demand for stuffed and fuzzy toys. Numerous occasions, including birthdays, Valentine’s Day, Christmas, and New Year’s Eve, will continue to spur toy sales. As the number of traditional occasions rises, manufacturers are placing more of an emphasis on providing festive toys on the market. Additionally, additional puppet shows are anticipated to promote sales in the South Asian children’s toy sector.
The robust economic expansion and rise in disposable incomes are also contributing to the rising domestic demand for toys. The number of middle-class people in the area has quickly increased. Consumers’ spending patterns have changed as a result of increased discretionary income. As a result, creative electronic toys, intelligent toys, and high-end plush toys have significantly replaced conventional, medium- to low-end battery-operated toys. During the projected period, these South Asia kids toys market trends are generating South Asia kids toys market possibilities.
The South Asia Kids Toys market is analyzed across product, age group, sales channel, and country. Based on product, the dolls segment contributed to around one-fifth of the total market share in 2020, and is expected to lead the trail by 2030. The same segment would also cite the fastest CAGR of 6.3% from 2021 to 2030.
Based on age group, the 5 to 10 years segment accounted for more than two-fifths of the total market revenue in share in 2020, and is anticipated to rule the roost by 2030. The same segment would also grow at the fastest CAGR of 5.9% from 2021 to 2030.
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Based on country, India held the major share in 2019, generating more than four-fifths of the total market. The same region would also manifest the fastest CAGR of 5.7% during the forecast period. The other countries studied in the report include Sri Lanka, Pakistan, and Bangladesh.
The leading market players analyzed in the South Asia Kids Toys market report include Hasbro Inc., Mattel Inc.,Zephyr Toymakers Pvt. Ltd.,Funskool, Brainsmith, Sri Toys International, Tikiri Toys, LEGO Group, Masoom Playmates, and Shinsei. These market players have adopted different strategies including partnership, expansion, collaboration, joint ventures, and others to reinforce their status in the industry.
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Mar 12, 2020: The global Prosthetics and Orthotics market size is expected to reach USD 13.3 billion by 2027, according to a new report by Radiant Insights, Inc., registering a 4.6% CAGR over the forecast period.
Increasing incidences of sports injuries, rising incidence of osteosarcoma, and expanding geriatric population base are key factors driving the market.Rising geriatric population across the globe has become a major factor driving demand for prosthetics and orthotics.
For instance, as per the United Nations, the number of people aged 60 years or over globally is expected to more than double by 2050, increasing from 962 million in 2017 to 2.1 billion in 2050.
The elderly are more susceptible to conditions such as osteoporosis and osteopenia, making them common users of various orthopedic solutions.To Request A Sample Copy Of This Report @: https://www.radiantinsights.com/research/prosthetics-and-orthotics-market/request-sampleIncreasing incidence of osteosarcoma in young adults and children is also driving the market to a great extent.
Around 800 to 900 new cases of osteosarcoma are reported in the U.S. each year as of 2018.Further key findings from the report suggest:In terms of revenue, the orthotics segment is projected to expand at a CAGR of 4.0% over the forecast period.
Increasing cases of diabetes-related amputations across the globe are acting as the driving factor for this segmentBy revenue, Asia Pacific is expected to exhibit the highest growth rate over the forecast period.
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Data Bridge Market Research has provides the Qualitative and informative knowledge by adding titled “Microlearning Market by By Component (Solution, Services), Organization Size (Large Enterprises, SMEs), Deployment Type (On-Premises, Cloud), Industry (Retail, Manufacturing & Logistics, BFSI, Telecom & IT, Healthcare & Life Sciences, Others), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) Analysis and Forecast, 2019 – 2026”.
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Top Manufacturers Profiles Operating in the Microlearning Market: Few of the major competitors currently working in the global microlearning market are Saba Software; Mindtree.com; Axonify Inc.; IBM Corporation; Bigtincan; SwissVBS; iSpring Solutions Inc.; Epignosis; Cornerstone; Qstream, Inc.; count5, LLC; pryor.com; mLevel; Gnowbe; Neovation Corporation; Multiversity; Trivantis; Aptara Inc.; AlertDriving among others.Grab Sample Report + All Related Tables & Charts of Global Microlearning Market Study Now @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-microlearning-marketMarket Definition: Global Microlearning MarketMicrolearning is the process of training and skilling workers in an enterprise by training them through specialized training method which involves providing them with micro or smaller information sets so as to enhance their understanding and grasping capacity.
This method ensures that the worker can learn it in a more focused duration as the training sets are only for a few minutes and include various interactive activities.
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