NEW YORK, Jan. 19, 2022 /PRNewswire/ — Construction Toys Market Facts at a Glance-
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Total Pages: 120
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Companies: 10+ – Including All Star Learning Inc., geobra Brandstatter Stiftung and Co. KG, Hasbro Inc., Learning Resources Ltd., LEGO System AS, Mattel Inc., Melissa & Doug LLC, Ravensburger AG, Simba Dickie Group, and VTech Holdings Ltd. among others.
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Coverage: Key drivers, trends, and challenges; Product insights & news; Value chain analysis; Parent market analysis; Vendor landscape
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Segments: Distribution channel (offline and online)
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Geographies: APAC (China and Japan), North America (US), Europe, South America, and MEA
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According to the recent market study by Technavio, the Construction Toys Market is expected to increase by USD 1.21 billion from 2020 to 2025, at an accelerated CAGR of 2.79%. The report provides a detailed analysis of drivers & opportunities, top winning strategies, competitive scenario, future market trends, market size & estimations, and major investment pockets.
APAC will register the highest growth rate of 43% among the other regions. China and Japan are the key countries for the construction toys market.
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The construction toys market report covers the following areas:
Vendor Insights-
The construction toys market is fragmented, and the vendors are deploying various organic and inorganic growth strategies to compete in the market. The key developments of some of the vendors are mentioned below:
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LEGO System AS – In October 2020, the company appointed Atul Bhardwaj as Chief Digital and Technology Officer.
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Mattel Inc. – In June 2021, the company launched Crossed Signals for Iconic games portfolio.
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Regional Market Outlook
The construction toys market share growth in APAC will be significant during the forecast period. China and Japan are the key markets for construction toys in APAC.
APAC has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. The declining child mortality rate, which is leading to a rise in the number of the target audiences, will drive the construction toys market growth in APAC during the forecast period.
Download our FREE sample report for more key highlights on the regional market share of most of the above-mentioned countries.
Latest Drivers & Challenges Impacting Driving the Market-
The increased focus of parents on overall childhood development is driving the growth of the construction toys market. However, factors such as the presence of counterfeit products may challenge market growth.
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Read More: Construction Toys Market to Record 2.62% Y-O-Y Growth Rate in 2021 |