Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 14 Billion | USD 55 Billion | 18% | 2023 |
The global jigsaw puzzle market size revenue was evaluated at $14 billion in 2023 and is slated to hit $55 billion by the end of 2032 with a CAGR of nearly 18% between 2024 and 2032.
The word jigsaw is derived from the special saw referred to as jigsaw. Jigsaw puzzles are gaining popularity among millennial population and are kind of old-school entertainment form. Furthermore, solving of jigsaw puzzles is a type of mediating and helps reviving childhood memories. Growing demand for 3-D adult puzzles and 3D puzzles is projected to enhance the popularity of jigsaw puzzles.
Growing popularity of jigsaw puzzles to boost the global market trends over 2024-2032
Escalating demand for increasing social interaction that puzzles offer along with the necessity of improving intellectual ability will drive the growth of the global jigsaw puzzle market. Growing preference for licensed puzzles can further boost the growth of the market globally. The need for team bonding events has translated into a humungous demand for puzzles in offices is anticipated to embellish the expansion of the market globally. A large number of firms make use of puzzles to promote communication among their employees, thereby driving global market trends.
An increase online puzzle solving games can hinder the global industry surge by 2032
A rise in use of technological equipment such as laptops & smartphones for solving puzzles online has posed a huge threat to the expansion of the global jigsaw puzzle industry. Moreover, only people in urban regions can solve the puzzles, thereby causing a deep impact on the profitability of the industry globally.
A surge in the children enrollment in schools to open new avenues of growth for the global market
A rise in the enrolment of children in primary education has resulted in use of the product for educational purpose, thereby creating new growth avenues for the global jigsaw puzzle market.
Stringent legislations regulating the jigsaw puzzle sale can hinder the global industry expansion by 2032
Strict government laws governing the sale of jigsaw puzzles in government institutions can put a huge challenge for the global jigsaw puzzle industry expansion over the forecast timeline.
The global jigsaw puzzle market is sectored into licensing, type, distribution channel, and region.
In licensing terms, the jigsaw puzzle market across the globe is bifurcated into non-licensed and licensed segments. Furthermore, the non-licensed segment, which acquired nearly 61% of the global market revenue in 2023, is likely to record the highest rate of growth in the upcoming years. The progression of the segment during the assessment timeline can be due to the easy availing of the same jigsaw puzzles at cost-effective rates.
Based on the distribution channel, the global jigsaw puzzle industry is sectored into online retailers, supermarkets & hypermarkets, sports & recreational stores, and specialty stores segments. Additionally, the sports & recreational stores segment, which gathered a key share of the global industry in 2023, is forecast to lead the segment in the forthcoming years. The segmental expansion during the period from 2024 to 2032 can be due to a rise in the availability of jigsaw puzzles in the sports & recreational stores in both developed countries as well as emerging economies.
Based on the type, the global jigsaw puzzle market is bifurcated into children and adult segments.
Report Attributes | Report Details |
---|---|
Report Name | Jigsaw Puzzle Market |
Market Size in 2023 | USD 14 Billion |
Market Forecast in 2032 | USD 55 Billion |
Growth Rate | CAGR of 18% |
Number of Pages | 207 |
Key Companies Covered | Ravensburger, Educa Borras, Ceaco, Play Panda, Gazelle Promotions, Frank Educational Aids Private Limited, CubicFun, Wrebbit, Artifact Puzzles, Cobble Hill., and others. |
Segments Covered | By Licensing, By Type, By Distribution Channel, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America is projected to maintain the numero uno position in the global jigsaw puzzle market in the ensuing years
North America, which accounted for nearly 71% of the global jigsaw puzzle market earnings in 2023, is likely to be a numero uno region in the forthcoming years. Furthermore, the regional market expansion over the forecast timespan can be due to a surge in the expansion of theme parks in countries such as the U.S., thereby enhancing the demand for jigsaw puzzles. Apart from this, the presence of giant OEMs in the region will embellish the expansion of the market in North America in the upcoming years.
Asia-Pacific jigsaw puzzle industry is set to register the fastest cumulative growth rate in the assessment timeline. The expansion of the industry in the sub-continent of APAC can be due to a rise in the number of adults & children playing jigsaw puzzles. Moreover, countries such as India and China are predicted to be the key regional revenue pockets in the years ahead.
The global jigsaw puzzle market profiles key players such as:
By Licensing
By Type
By Distribution Channel
FrequentlyAsked Questions
The word jigsaw is derived from the special saw referred to as jigsaw. Jigsaw puzzles are gaining popularity among millennial population and are kind of old-school entertainment form.
The global jigsaw puzzle market growth over forecast period can be owing to need for team bonding events have translated into humungous demand for puzzles in offices.
According to a study, the global jigsaw puzzle industry size was $14 billion in 2023 and is projected to reach $55 billion by the end of 2032.
The global jigsaw puzzle market is anticipated to record a CAGR of nearly 18% from 2024 to 2032.
The Asia-Pacific jigsaw puzzle industry is set to register the fastest CAGR over the forecasting timeline owing to rise in the number of adults & children playing jigsaw puzzles. Moreover, the countries such as India and China are predicted to be the key regional revenue pockets in the years ahead..
The global jigsaw puzzle market is led by players such as Ravensburger, Educa Borras, Ceaco, Play Panda, Gazelle Promotions, Frank Educational Aids Private Limited, CubicFun, Wrebbit, Artifact Puzzles, and Cobble Hill.
The global jigsaw puzzle market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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