The global construction toys market size is expected to grow from $9.04 billion in 2021 to $9.60 billion in 2022 at a compound annual growth rate (CAGR) of 6.3%. The construction toy market is expected to grow to $12.31 billion in 2026 at a CAGR of 6.4%.
What is the Global Construction Toys Market?
The construction toys market consists of sales of construction toys by entities (organizations, sole traders, and partnerships) that are engaged in the production of construction toys. Construction toys are made up of a set of basic components that are supplied and configured to enable children to construct structures of their creation that can then be disassembled and redesigned into something new.
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What drives the Global Construction Toys Market?
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 the USA, disposable personal income rose from $14,974 billion in 2019 to $17,515.2 billion in 2021. 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 market growth.
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Global Construction Toys Market Segments
The global construction toys market is segmented:
By Product: Bricks and Blocks, Tinker Toy, Others
By Raw Material: Wood, Polymer, Metal, Others
By Distribution Channel: Supermarkets and Hypermarkets, Convenience Stores, Online
By Geography: The regions covered in the construction toys market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Construction Toys Global Market Report 2022 provides market size and growth forecasts for the global construction toys market, global construction toys market share, construction toys market segments and geographies, construction toys market competitive landscape including leading competitors’ revenues, profiles and market shares. The construction toys market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Construction Toys Industry Players include Vtech, LEGO, Hasbro, Mattel, Mega Bloks, Bandai Co. Ltd, Melissa & Doug, Knex, Gebr. Märklin & Cie. GmbH, Meccano, Tegu, and Spin Master Ltd. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
