Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 305.81 Billion | USD 391.62 Billion | 3.14% | 2022 |
FrequentlyAsked Questions
A toy is defined as an object that is used for the purpose of entertainment. The secondary application of toys is learning, especially cognitive skills at an early stage.
The global toy market is projected to grow owing to the increasing number of toy sellers that are leveraging the extensive consumer reach of online sales platforms.
According to study, the global toy market size was worth around USD 305.81 billion in 2022 and is predicted to grow to around USD 391.62 billion by 2030.
The CAGR value of toy market is expected to be around 3.14% during 2023-2030.
The global toy market is currently dominated by Asia-Pacific.
The global toy market is led by players like LEGO Group, Hasbro, MGA Entertainment, Mattel, Jakks Pacific, Spin Master, Tomy, Bandai, Playmobil, Fisher-Price (a subsidiary of Mattel), Ravensburger, Funko, WowWee, Moose Toys, and VTech.
The report explores crucial aspects of the toy market including detailed discussion of existing growth factors and restraints while also browsing future growth opportunities and challenges that impact the market.
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