With a compound annual growth rate of 5.1%, the global learning and education toy market is huge

2022-11-21
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Author:Miracle
Source: ennews

According to foreign media, due toIncreased needs of children and young peoplePlusbarThe emergence of cafe games has promoted the growth of the global learning and educational toy market.

 

Xinhua Meitong Joint Market Research was published recentlyHasA reportAnalyze and forecast the industry development of learning and educational toys in the next decadeIn 2020, the global learning and educational toy industry will generate $49.97 billion in revenue, which is expected to reach $81.29 billion by 2030, with a CAGR of 5.1% from 2021 to 2030.

 

The increase in demand for children and young people, the reduction of carbon footprint and the surge in environmental protection initiatives, as well as the emergence of bar and cafe games, have driven the growth of the global learning and educational toy market.

 

However, the development of tariffs, digitalization and the widespread popularity of smart phones have hindered the growth of the market. On the contrary, the untapped potential of developing markets and the rapid growth of online retail platforms are expected to open up new opportunities for market participants in the future.

 

In terms of product types,In 2020, sports and outdoor toys will dominate the market, accounting for nearly one third of the global learning and educational toy market. In addition, due to the growing popularity of the sport among children and adults, this segment is expected to have the highest CAGR of 4.9% in the forecast period. The report includes an analysis of building suits, games and puzzles.

 

From the perspective of distribution channels, the department of exclusive storesIt will occupy the largest share in 2020, contributing about one-third of the global learning and educational toy market, because they provide high-quality services and detailed product specifications and expert guidance.


However, due to the convenience of obtaining product information and huge consumer base, the online channel segment is expected to have the highest CAGR of 6.5% from 2021 to 2030.

 

By region, the global learning and education toy market in the Asia Pacific region, followed by North AmericaIt will occupy the largest share in 2020, accounting for more than one third of the market.


In addition, due to the large rural population, accelerated urbanization, women's participation in the labor market and increased disposable income, the region is expected to have the highest compound annual growth rate in the forecast period,Will reachby7.1%。


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