Overview and Scope
Construction toys refer to building blocks that are made up of a set of basic components that are supplied and configured to enable children to construct structures of their own design that can then be disassembled and redesigned into something new.
Sizing and Forecast
The construction toys market size has grown strongly in recent years. It will grow from $10.39 billion in 2023 to $11.12 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to educational value, tradition and legacy, durable and long-lasting, licensed themes, social and cognitive development, gender-neutral appeal.
The construction toys market size is expected to see strong growth in the next few years. It will grow to $14.92 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to e-commerce growth, sustainability concerns, inclusive toy design, parental consciousness, rise of maker culture, focus on safety standards. Major trends in the forecast period include incorporation of stem learning, integration of augmented reality (AR), expansion of licensing partnerships, modular and customizable sets, digital integration for interactive play, 3D printing options.
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Segmentation & Regional Insights
The construction toys market covered in this report is segmented –
1) By Product: Bricks & Blocks, Tinker Toy, Other Products
2) By Raw Material: Wood, Polymer, Metal, Other Raw Materials
3) By Distribution Channel: Supermarkets & Hypermarkets, Convenience Stores, Online
North America was the largest region in the construction toys market in 2023. The regions covered in the construction toys market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
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 fueling 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. For example, in 2021, according to Federal Reserve Board, US-based is the central banking system, the average American has $56,088 in disposable income each year. 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 construction toys market growth.
Key Industry Players
Major companies operating in the construction toys market report are LEGO Group, BANDAI NAMCO Holdings Inc., Hasbro Inc., Mattel Inc., VTech Holdings Limited, Kawada Ltd., Tegu Inc., Mega Brands Inc., Melissa & Doug Corporation, Spin Master Corp., Magformers International Inc., Hornby Hobbies Limited, Learning Resources Inc., PlayMonster LLC, K'NEX Brands L.P., Revell GmbH, Gebrüder Märklin & Cie. GmbH, Enlighten Bricks Co. Ltd., Geomagworld S.p.A., Cobi Sp. z o.o., Meccano Ltd., Thames & Kosmos LLC, The Tinkershop LLC, Tamiya Inc., Schylling Inc., KnuckleStrutz LLC, Polydron Educational Ltd., Wange Laoxing Toys Co. Ltd., Xingbao Group Co. Ltd., LaQ Co. Ltd.
The construction toys market report table of contents includes:
1. Executive Summary
2. Construction Toys Market Characteristics
3. Construction Toys Market Trends And Strategies
4. Construction Toys Market - Macro Economic Scenario
5. Global Construction Toys Market Size and Growth
...
32. Global Construction Toys Market Competitive Benchmarking
33. Global Construction Toys Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Construction Toys Market
35. Construction Toys Market Future Outlook and Potential Analysis
36. Appendix
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