DUBLIN, September 21, 2021--(BUSINESS WIRE)--The "Construction Toys Global Market Report 2021: COVID-19 Growth and Change" report has been added to ResearchAndMarkets.com's offering.
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 market is expected to reach $11.52 billion in 2025 at a CAGR of 6.3%.
Major players in the construction toys market are Vtech, LEGO, Hasbro, Mattel, Mega Bloks, Bandai Co. Ltd, Melissa & Doug, Knex, Gebr. Marklin & Cie. GmbH, Meccano, Tegu, Spin Master Ltd., PlayMonster LLC., KnuckleStrutz, Magformers, Schylling Inc., Nanoblock, Polydron Limited, and Learning Resources.
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.
The main types of construction toys are bricks & blocks, tinker toys, others. Toys in the bricks and blocks segment are also known as building blocks, are solid shapes that are used for building games. Some are only plain wooden planks, whereas others are more complex, such as the plastic interlocking bricks.
Tinker toys segment includes the Tinkertoy construction set which is a children's toy construction set made up of tiny pieces that are put together to form shapes or objects. Toys in the other segment include toys like train sets, architectural sets, and educational sets among others. The raw material used in manufacturing construction toys includes wood, polymer, metal, others. These categories of toys are sold through various channels such as supermarkets & hypermarkets, convenience stores, and online stores.
North America was the largest region in the construction toys market in 2020. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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.
In February 2020, Never Wrong Toys, a US-based toy manufacturer in the areas of sports, action games, novelties, collectibles, acquired Laser Pegs for an undisclosed amount. Never Wrong Toys will be able to grow the company, strengthen its brand portfolio and reposition itself in the industry with a new marketing strategy and retail sales strategy as a result of this acquisition. Laser Pegs is a US-based toy manufacturer that produces lighted construction toys.
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 fuelling 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. 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.
Key Topics Covered:
1. Executive Summary
2. Construction Toys Market Characteristics
3. Construction Toys Market Trends and Strategies
4. Impact Of COVID-19 On Construction Toys
5. Construction Toys Market Size and Growth
5.1. Global Construction Toys Historic Market, 2015-2020, $ Billion
5.1.1. Drivers Of the Market
5.1.2. Restraints On the Market
5.2. Global Construction Toys Forecast Market, 2020-2025F, 2030F, $ Billion
5.2.1. Drivers Of the Market
5.2.2. Restraints On the Market
6. Construction Toys Market Segmentation
6.1. Global Construction Toys Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
Bricks & Blocks
6.2. Global Construction Toys Market, Segmentation by Raw Material, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
6.3. Global Construction Toys Market, Segmentation by Distribution Channel, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
Supermarkets & Hypermarkets
7. Construction Toys Market Regional and Country Analysis
7.1. Global Construction Toys Market, Split by Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global Construction Toys Market, Split by Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
Bandai Co. Ltd
Melissa & Doug
Gebr. Marklin & Cie. GmbH
Spin Master Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/7a6izl
View source version on businesswire.com: https://www.businesswire.com/news/home/20210921005835/en/
Laura Wood, Senior Press Manager
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