Overview and Scope
Construction toys refer to building blocks that are made up of a set of basic components that are supplied and configured to enable children to construct structures of their own design that can then be disassembled and redesigned into something new.
Sizing and Forecast
The construction toys market size has grown strongly in recent years. It will grow from $10.39 billion in 2023 to $11.12 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to educational value, tradition and legacy, durable and long-lasting, licensed themes, social and cognitive development, gender-neutral appeal.
The construction toys market size is expected to see strong growth in the next few years. It will grow to $14.92 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to e-commerce growth, sustainability concerns, inclusive toy design, parental consciousness, rise of maker culture, focus on safety standards. Major trends in the forecast period include incorporation of stem learning, integration of augmented reality (AR), expansion of licensing partnerships, modular and customizable sets, digital integration for interactive play, 3D printing options.
Order your report now for swift delivery, visit the link:
https://www.thebusinessresearchcompany.com/report/construction-toys-global-market-report
Segmentation & Regional Insights
The construction toys market covered in this report is segmented –
1) By Product: Bricks & Blocks, Tinker Toy, Other Products
2) By Raw Material: Wood, Polymer, Metal, Other Raw Materials
3) By Distribution Channel: Supermarkets & Hypermarkets, Convenience Stores, Online
North America was the largest region in the construction toys market in 2023. The regions covered in the construction toys market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Intrigued to explore the contents? Secure your hands-on a free sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=5237&type=smp
Major Driver Impacting Market Growth
A rise in disposable income is expected to propel the growth of the construction toys market in the forecast period. An increase in disposable income is fueling a healthy surge in leisure spending across the world, with an increase in disposable income, consumers are willing to invest to boost their standard of living, resulting in the purchase of a vast range of consumer products and recreational products such as toys. For example, in 2021, according to Federal Reserve Board, US-based is the central banking system, the average American has $56,088 in disposable income each year. The rise in per capita net disposable income led customers to increase their spending on toys and games, which in turn boosted the demand for construction toys, driving the construction toys market growth.
Key Industry Players
Major companies operating in the construction toys market report are LEGO Group, BANDAI NAMCO Holdings Inc., Hasbro Inc., Mattel Inc., VTech Holdings Limited, Kawada Ltd., Tegu Inc., Mega Brands Inc., Melissa & Doug Corporation, Spin Master Corp., Magformers International Inc., Hornby Hobbies Limited, Learning Resources Inc., PlayMonster LLC, K'NEX Brands L.P., Revell GmbH, Gebrüder Märklin & Cie. GmbH, Enlighten Bricks Co. Ltd., Geomagworld S.p.A., Cobi Sp. z o.o., Meccano Ltd., Thames & Kosmos LLC, The Tinkershop LLC, Tamiya Inc., Schylling Inc., KnuckleStrutz LLC, Polydron Educational Ltd., Wange Laoxing Toys Co. Ltd., Xingbao Group Co. Ltd., LaQ Co. Ltd.
The construction toys market report table of contents includes:
1. Executive Summary
2. Construction Toys Market Characteristics
3. Construction Toys Market Trends And Strategies
4. Construction Toys Market - Macro Economic Scenario
5. Global Construction Toys Market Size and Growth
...
32. Global Construction Toys Market Competitive Benchmarking
33. Global Construction Toys Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Construction Toys Market
35. Construction Toys Market Future Outlook and Potential Analysis
36. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Construction Toys Global Market Report 2021 by The Business Research Company is the most comprehensive report available on the market, being wide-ranging both in terms of chronology and geography.
It covers the historic period – 2015-2020, and the forecast period – 2021-2025, with additional forecasts for 2025-2030.
The report helps gain a truly global perspective as it covers 60 geographies, focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.TBRC’s market report includes a chapter on the COVID-19 impact on the construction toys industry, which gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market and how companies can strategize to bounce back from it.
With updated market numbers according to the effects of the coronavirus, the report provides the most accurate expected construction toys market growth numbers from 2021-2030.Request a Sample of the report: https://www.thebusinessresearchcompany.com/sample.aspx?id=5237=smpThe global construction toys market is expected to grow from $8.94 billion in 2020 to $9.04 billion in 2021 at a compound annual growth rate (CAGR) of 1.1%.
The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges.
The construction toys market is expected to reach $11.52 billion in 2025 at a CAGR of 6.3%.View more on the report:https://www.thebusinessresearchcompany.com/report/construction-toys-global-market-reportThe Construction Toys Global Market Report 2020-30 by The Business Research Company evaluates construction toys market size, growth rate, drivers, construction toys industry trends, and major companies.
The global Construction Toys Market is projected to reach USD 19.64 billion by 2025 with a CAGR of 9.5%, according to a new report by Million insights.
Moreover, construction toys enhance the learning abilities of the pre-school child and improve their spatial skills.
This is projected to boost product demand in the next few years.
Moreover, various new sets have been launched including Rover Testing Drive, Mars Research Shuttle, Deep Space Rocket, and Launch Control, satellite Service Mission, Lunar Space Station, People Pack, and Rocket Assembly & Transport.
The company also announced the forthcoming launch of LEGO Brail Bricks in April 2019, for visually impaired and blind children’s.
The collection consists of 250 pieces, which consist of alphabets, math symbols, and numbers.
Construction is an industry which at times face issues in attracting young people.
There are strong requirements for finding newer ways in order to captivate the attention of the young crowd and in one way or the other could develop the future of this particular industry.
The stimulator construction games for kids can certainly offer valuable help in a particular direction.
This is no secret that the construction toys have considerably achieved remarkable progress since their first appearance was in the early seventies.
At that point in time, they managed to establish a strong presence in our everyday lives & especially in the lives of young people.
Keeping this in mind, this becomes very clear that the construction toys can have several benefits for construction: Bring the kids in the construction industry– Even today, construction is several times treated as a work for old-timers.
