The Asia Pacific Learning and Educational Toys Market would witness market growth of 5% CAGR during the forecast period (2021-2027).
Learning & educational toys are becoming more popular as it boosts the child’s IQ level by providing better coordination, memory retention, and increased literacy. Such toys challenge the mind of kids, which assist in improving their fine motor skills. For instance, an infant child tries to place blocks but due to imbalance, he is unable to do so but when he tries it again, he manages to arrange the blocks by properly managing the balance. These toys not only help in increasing learning but also allow children to think in a creative manner.
The rising disposable income of consumers across various developing nations of the region is among the major factors accelerating the growth of the regional learning & educational toys market over the forecast period. Additionally, the increasing emphasis of the parents on the development of various skills in their children would open new growth opportunities for the regional market players. In addition, nations like China and India are witnessing an increase in the child population, which would support the growth of the regional learning & educational toys market.
Furthermore, the growing preference of the parents and educators in developing child’s skills by using educational toys would augment the demand for learning & educational toys market in the region. Several key market players are entering this region for the expansion of their business, which is estimated to strengthen the regional learning & educational toys market.
The China market dominated the Asia Pacific Learning and Educational Toys Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $7.59 billion by 2027. The Japan market is estimated to grow at a CAGR of 5.9% during (2021 - 2027). Additionally, The India market would experience a CAGR of 6% during (2021 - 2027).
Based on Age Group, the market is segmented into 5 to 10 years, Upto 5 years and Above 10 years. Based on Distribution Channel, the market is segmented into Specialty Stores, Supermarket/ Hypermarket, Departmental Stores, Online Channels and Others. Based on Product Type, the market is segmented into Sports and outdoor types, Games and Puzzles, Building Sets and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Learning & Educational Toys Market is Projected to reach USD 64.5 Billion by 2027, at a CAGR of 4.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include VTech Holdings Limited, LEGO Group (KIRKBI A/S), Hasbro, Inc., Tomy Company, Ltd., Goliath Games, Atlas Games, Clementoni Spa, Ravensburger AG, and Thames & Kosmos, LLC (Franckh-Kosmos Verlags-GmbH & Co.)
By Age Group
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