{"id":134259,"date":"2019-01-11T17:26:09","date_gmt":"2019-01-11T17:26:09","guid":{"rendered":"http:\/\/www.georgianewsdesk.com\/news\/story\/134259\/global-toys-and-games-market-projected-to-reach-us-126-billion-by-2023-imarc-group.html"},"modified":"2019-01-11T17:26:09","modified_gmt":"2019-01-11T17:26:09","slug":"global-toys-and-games-market-projected-to-reach-us-126-billion-by-2023-imarc-group","status":"publish","type":"post","link":"http:\/\/www.honolulunewsnow.com\/news\/story\/134259\/global-toys-and-games-market-projected-to-reach-us-126-billion-by-2023-imarc-group.html","title":{"rendered":"Global Toys and Games Market Projected to Reach US$ 126 Billion by 2023 – IMARC Group"},"content":{"rendered":"
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Global Toys and Games Market Influenced by Demand for Character-Based Figurines – IMARC Group<\/div>\n<\/div>\n<\/div>\n
The global toys and games market has witnessed positive growth over the past few years. The efforts by various toy associations in educating parents about the benefits of toys and games along with the introduction of innovative products by manufacturers are further creating a positive outlook for the market.<\/div>\n

IMARC Group’s latest report, titled “Toys and Games Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023<\/strong>”, finds that the global toys and games market reached a value of US$ 102 Billion in 2017. Toys and games play an important role in the learning process of children. They help in stimulating creativity, enhancing cognitive behavior, improving hand-eye coordination, developing physical and mental skills, and strengthening social bonds among children. As a result, parents nowadays are willing to purchase different type of toys and games, which has escalated their demand in recent years. Moreover, the manufacturers are introducing green and sustainable products which cause less pollution and help in instilling environment awareness in children.<\/p>\n

Market Trends:<\/strong><\/p>\n

With inflating income levels and rising standards of living of urban dwellers, a shift has been witnessed from conventional toys to more advanced toys and video games. Additionally, the evolution of online sales channels has made various categories of products and brands easily accessible to consumers. Apart from this, the development of high-tech electronic toys, depicting action figures like the Hulk, Batman, Ironman, etc., as well as experimental games such as virtual reality gaming, has contributed to the overall growth of the market. Further, toy manufacturers are launching innovative products and affordable ranges that aid in building skills and concepts in children. The Toy Association in the United States is also promoting the benefits of games by educating parents on selecting age-appropriate and learning-based toys for their children. Owing to these factors, the market is projected to reach a value of US$ 126 Billion by 2023, at a CAGR of 3.6% during 2017-2023.<\/p>\n

Get a free sample for this market study here: https:\/\/www.imarcgroup.com\/request?type=report&id=1028&flag=B<\/a><\/strong><\/p>\n

Global Toys and Games Market Summary:<\/strong><\/p>\n

Market Breakup by Product Type<\/strong><\/p>\n

1. Plush Toys
2. Infant \/Preschool Toys
3. Activity Toys
4. Dolls
5. Games and Puzzles
6. Ride-Ons
7. Others<\/p>\n

Based on product type, the market has been segmented into plush toys, infant\/pre-school toys, activity toys, dolls, games and puzzles, ride-ons and others. Currently, plush toys represent the most popular segment in the global toys and games market, holding the largest share.<\/p>\n

Market Breakup by Distribution Channel<\/strong><\/p>\n

1. Specialty Stores
2. Hypermarkets and Supermarkets
3. Departmental Stores
4. Online
5. General Stores<\/p>\n

On the basis of distribution channels, specialty stores dominate the market, accounting for the majority of the global share. Specialty stores are followed by supermarkets and hypermarkets, departmental stores, online and general stores.<\/p>\n

Browse full report with TOC: https:\/\/www.imarcgroup.com\/toys-games-market<\/a><\/strong><\/p>\n

Market Breakup by Region<\/strong><\/p>\n

1. North America
2. Europe
3. Asia Pacific
4. Middle East and Africa
5. Latin America<\/p>\n

Region-wise, North America enjoys the leading position in the global toys and games market. Other major regions include Europe, Asia Pacific, Latin America, and Middle East and Africa.<\/p>\n

Competitive Landscape<\/strong><\/p>\n

1. Hasbro
2. Mattel
3. Ravensburger
4. Tomy
5. The Lego Group
6. Funtastic
7. JAKKS Pacific
8. Lansay
9. LeapFrog Enterprises
10. MGA Entertainment
11. Playmates Toys
12. ToyQuest
13. Vivid Imaginations<\/p>\n

The competitive landscape of the market has also been analyzed with some of the key players being Hasbro, Mattel, Ravensburger, Tomy, The Lego Group, Funtastic, JAKKS Pacific, Lansay, LeapFrog Enterprises, MGA Entertainment, Playmates Toys, ToyQuest and Vivid Imaginations.<\/p>\n

Browse similar reports by IMARC Group<\/strong><\/p>\n

China Toys Market Report: https:\/\/www.imarcgroup.com\/china-toys-market<\/a><\/strong><\/p>\n

Indian Toys Market Report: https:\/\/www.imarcgroup.com\/indian-toys-market<\/a><\/strong><\/p>\n

About Us<\/strong><\/p>\n

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.<\/p>\n

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.<\/p>\n

 <\/p>\n

Media Contact<\/span>
Company Name:<\/strong> IMARC Group<\/a>
Contact Person:<\/strong> Richard Lewis
Email:<\/strong> Send Email<\/a>
Phone:<\/strong> +1-631-791-1145
Country:<\/strong> United States
Website:<\/strong> https:\/\/www.imarcgroup.com\/<\/a><\/p>\n

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Global Toys and Games Market Influenced by Demand for Character-Based Figurines – IMARC Group The global toys and games market has witnessed positive growth over the past few years. The<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/www.honolulunewsnow.com\/news\/wp-json\/wp\/v2\/posts\/134259"}],"collection":[{"href":"http:\/\/www.honolulunewsnow.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.honolulunewsnow.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.honolulunewsnow.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.honolulunewsnow.com\/news\/wp-json\/wp\/v2\/comments?post=134259"}],"version-history":[{"count":0,"href":"http:\/\/www.honolulunewsnow.com\/news\/wp-json\/wp\/v2\/posts\/134259\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.honolulunewsnow.com\/news\/wp-json\/wp\/v2\/media?parent=134259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.honolulunewsnow.com\/news\/wp-json\/wp\/v2\/categories?post=134259"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.honolulunewsnow.com\/news\/wp-json\/wp\/v2\/tags?post=134259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}