Construction Toys Market 2022-2026: Descriptive Analysis of Five Forces Model, Market Dynamics and Segmentation

NEW YORK, January 23, 2023 /PRNewswire/ — According to Technavio, global construction toys market the size is expected to grow by $1.23 billion from 2021 to 2026. The market is expected to grow at a CAGR of 2.79%. Moreover, the rate of growth will accelerate. The competitive scenario categorizes companies based on various performance metrics. Some of the factors considered include companies’ financial performance, growth strategies, product innovation, new product launches, investments and market share growth, among others. For more information Buy the report!

Technavio has announced its latest market research report titled Global Construction Toys Market

World Construction Toy Market – Five Forces

The global market for construction toys is fragmentedand five forces analysis covers –

  • Bargaining power of buyers

  • The threat of new entrants

  • Threat of rivalry

  • Bargaining power of suppliers

  • Threat of substitutes

  • To interpret Porter’s Five Forces Model – Request a sample report

Global Construction Toys Market – Customer Landscape

The report covers the lifecycle of market adoption, from the innovator stage to the laggard stage. It focuses on adoption levels in different regions based on penetration. Additionally, the report also includes key purchasing criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Construction Toys Market – Segmentation Assessment

Segment view

Technavio segments the market based on distribution channel (offline and online).

  • The offline the segment will account for a significant share of the global market growth during the forecast period. This channel generates most of its revenue from product sales through specialty stores, hypermarkets, supermarkets, convenience and club stores, and department stores. Market vendors are expanding their stores in local and regional markets, which will drive segment growth over the forecast period.

Geographical overview

On the basis of geography, the global construction toys market is segmented into APAC, North America, Europe, South Americaand Middle East and Africa. The report provides practical insights and assesses the contribution of all regions to the growth of the global construction toys market.

  • APAC will account for 43% of the market growth during the forecast period. China and Japan are the key countries in the construction toys market in the region. However, the market growth in this region is expected to be slower than the MEA market growth. The growth of the regional market will be primarily driven by factors such as increasing demand for premium and branded construction toys in countries such as China, Japanand India.

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World market of construction toysMarket dynamics

A key factor driving market growth

  • The increased parental focus on overall child development drives market growth.

  • Construction toys help improve children’s creative and social skills.

  • The increasing focus of parents on instilling problem solving and construction skills in children has increased the demand for building and building toys.

  • To meet this demand, vendors are offering innovative construction toys such as building blocks, construction vehicle model toys, and city building toys.

  • These factors will drive the growth of the market during the forecast period

Leading trends affecting the market

  • The introduction of eco-friendly toys is a key trend in the market.

  • Growing health concerns have encouraged many parents and educators to buy toys made from eco-friendly materials, which are also called green toys.

  • Major suppliers around the world are gradually moving from traditional toy manufacturing to environmentally friendly toy manufacturing processes.

  • For example, 4M Industrial Development Ltd. offers eco-friendly toys that are manufactured without the use of glue, screws and tape.

  • Such factors will further support the growth of the market during the forecast period.

Major challenges hindering the growth of the market

  • The presence of counterfeit products is a challenge for market growth.

  • The sale of counterfeit products leads to market fragmentation, lack of price standardization, reduction in margins of branded players, reduction in brand equity of major players, uneven competitive scenario and erosion of market share.

  • Also, fake toys can lead to health problems among children.

  • Such factors may hamper the growth of the market during the forecast period

Drivers, trends and challenges impact market dynamics that can impact business. Find more information in a sample report!

What are the key data included in this Construction Toys market report?

  • Market CAGR during the forecast period

  • Detailed information about the factors that will drive the construction toys market growth between 2022 and 2026.

  • An accurate estimation of the size of the construction toys market size and its contribution to the parent market

  • Accurate predictions of upcoming trends and changes in consumer behavior

  • APAC construction toys market growth, North America, Europe, South Americaand Middle East and Africa

  • In-depth analysis of the competitive landscape of the market and detailed information on suppliers

  • A comprehensive analysis of the factors that will drive the growth of the construction toys market vendors

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Scope of the construction toys market

Report coverage

Details

Page number

135

Base year

2021

Estimated period

2022-2026

Growth momentum and CAGR

Accelerate at a CAGR of 2.79%

Market Growth 2022-2026

$1.23 billion

Market structure

Torn apart

Year-on-year growth 2021-2022 (%)

2.62

Regional analysis

APAC, North America, Europe, South America and the Middle East and Africa

Effective market contribution

APAC at 43%

Key countries

USA, China, Japan, France and UK

The competitive environment

Leading suppliers, market positioning of suppliers, competitive strategies and industry risks

Key companies profiled

4M Industrial Development Ltd., All Star Learning Inc., Bandai Namco Holdings Inc., BASIC FUN Inc., Elenco Electronics Inc., Evertoys Srl, Fat Brain Holdings LLC, Hasbro Inc., Learning Resources Ltd., LEGO System AS, Magformers LLC, Mattel Inc., Melissa and Doug LLC, PlayMonster LLC, Ravensburger AG, Simba Dickie Group GmbH, Smartivity Labs Pvt. Ltd., Spin Master Corp., TOMY Co. Ltd. and VTech Holdings Ltd.

Market dynamics

Major market analysis, drivers and barriers to market growth, analysis of fast-growing and slow-growing segments, analysis of the impact and recovery of COVID-19 and future consumer dynamics, and analysis of the state of the market for the forecast period.

Range of customization

If our report doesn’t include the data you’re looking for, you can contact our analysts and get custom segments.

View Technavio’s consumer discretionary market reports

Content

1 Summary

2 Market landscape

3 Sizing the market

4 Five Forces Analysis

5 Market segmentation by distribution channel

6 Customer landscape

7 Geographical landscape

8 Drivers, challenges and trends

9 Supplier landscape

10 Supplier Analysis

11 Appendix

About us

Technavio is a leading global technology research and consulting company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 dedicated analysts, Technavio’s report library consists of more than 17,000 reports and growing, covering 800 technologies spanning 50 countries. Their client base consists of businesses of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, in-depth research and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Argentina IT Market 2023-2027 (PRNewsfoto/Technavio)

Argentina IT Market 2023-2027 (PRNewsfoto/Technavio)

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