Construction Toys Global Market To Reach Value Of About $11.5 Billion In 2025
10 Aug, 2021
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.
Global Construction Toys Market Size And Drivers:
The global construction toy 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%. A rise in disposable income is expected to propel the growth of the construction toys market in the forecast period.
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Trends In The Global Construction Toys Market
The introduction of eco-friendly construction toys is the key trend gaining popularity in the construction toys market. Key players are coming up with eco-friendly and sustainable products as concerns over the safety of the raw materials used in construction toys have grown and to maintain a competitive edge over the other players. For example, in January 2020, Mattel, a US-based toy manufacturing company launched an eco-friendly bio-based Mega Bloks line, consisting of the Mega Bloks Polar Friends, Safari Friends and Woodland Friends sets wherein all of the sets would be made from bio-based resins and packaged in entirely recyclable Forest Stewardship Council (FSC)-certified packaging.
Global Construction Toys Market Segments:
The global construction toys market is further segmented based on product, raw material, distribution channel and geography.
By Product: Bricks & Blocks, Tinker Toy, Others
By Raw Material: Wood, Polymer, Metal, Others
By Distribution Channel: Supermarkets & Hypermarkets, Convenience Stores, Online
By Geography: The global construction toys market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the construction toys market in 2020.
Read More On The Report For The Global Construction Toys Market At:https://www.thebusinessresearchcompany.com/report/construction-toys-global-market-report
Construction Toys Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides construction toys market overviews, analyzes and forecasts market size and growth for the global construction toys market, construction toys market share, construction toys market players, construction toys market segments and geographies, construction toys market’s 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.