Global Construction Toys Market 2019-2023 | Introduction of Eco-friendly Toys to Boost Growth | Technavio

LONDON--()--The global construction toys market is expected to post a CAGR of over 6% during the period 2019-2023, according to the latest market research report by Technavio.

A key factor driving the growth of the market is the increased focus of parents on overall childhood development. Children, nowadays, are getting addicted to computers, TVs, and cell phones. Therefore, parents are looking for ways to engage them in different physical activities. This has led to an increase in demand for toys, including construction toys that can help in the mental, physical, and intellectual development of children. Construction toys help the children engage in physical and mental activities, thereby improving their imagination and social skills. Construction toys help the child in nurturing their creativity and developing positive self-esteem. Vendors are introducing many innovative construction toys for kids such as building blocks, construction vehicle model toys, and city building toys, thereby driving the growth of the market.

As per Technavio, the introduction of eco-friendly toys will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global construction toys market research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

Global construction toys market: Introduction of eco-friendly toys

The growing demand for toys has also raised various safety and health issues associated with the raw materials used in construction toys. Therefore, parents and educators are opting for toys made of eco-friendly materials, which are generally called green toys. Vendors are increasingly focusing on the development of sustainable products. The continuous shift in consumers’ preference for green toys is one of the major factors prompting the vendors to introduce eco-friendly toys. Therefore, vendors across the globe are gradually shifting from traditional toys manufacturing to eco-friendly toys manufacturing process, thereby driving the demand during the forecast period.

“Apart from the introduction of eco-friendly toys, the increasing popularity of toys as gifts, especially during festivals and occasions is another major aspect that is driving the growth of the market. To cater to the growing demand, vendors are offering products that are specific to festivals and occasions in various regions. This is attributed to design improvements, efficient ordering processes, and smooth delivery processes. Such practices will fuel the up-selling and cross-selling of toys among retailers,” says a senior analyst at Technavio.

Global construction toys market: Segmentation analysis

This market research report segments the global construction toys market by distribution channel (online and offline) and geographical regions (APAC, North America, Europe, South America, and MEA).

The APAC region led the market in 2018, followed by North America, Europe, South America, and MEA, respectively. During the forecast period, the APAC region is expected to continue dominating the global market as well as register the highest incremental growth due to the rising demand for premium and branded construction toys in the region.

Looking for more information on this market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory 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 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com

Release Summary

The global construction toys market is expected to post a CAGR of over 6% during the period 2019-2023, according to Technavio.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com