China Toys Market Growth 2023, Industry Share, Latest Trends, Key Manufacturers, Business Opportunities and Forecast till 2033: SPER Market Research - PowerPoint PPT Presentation

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Title: China Toys Market Growth 2023, Industry Share, Latest Trends, Key Manufacturers, Business Opportunities and Forecast till 2033: SPER Market Research


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Page 1
China Toys Market Growth 2023, Industry Share,
Latest Trends, Key Manufacturers, Business
Opportunities and Forecast till 2033 SPER
Market Research
www.sperresearch.com
enquiries_at_sperresearch.com
2
Page 2 China Toys Market Size- By Product Type,
By End User, By Sales Channel- Regional Outlook,
Competitive Strategies and Segment Forecast to
2033 In order to support learning and development
in new-borns and early children, toys function
as interacting objects. Their forms, colours, and
sizes vary, and they can be found in a multitude
of materials like clay, plastic, cloth, metal,
and wood. The development of thinking and
logical skills, as well as spatial reasoning
abilities, is aided by these playthings, which
are vital to cognitive development. Puzzles,
cards, board games, rattles, building and
construction sets, and educational toys are among
the many kinds of toys that are
offered. According to SPER market research,
China Toys Market Size- By Product Type, By
End-User, By Sales Channel - Regional Outlook,
Competitive Strategies and Segment Forecast to
2033 state that the China Toys Market is
predicted to reach USD 58.36 billion by 2033 with
a CAGR of 10.83. Scope of the Report
The Chinese market experiences significant growth
driven by the surging popularity of toys among
children, particularly multi-coloured items
favoured by preschoolers. The increasing demand
for advanced educational toys like cubetto, dash
robots, remote-controlled cars, and computing
kits is positively impacting the market.
Evolving consumer preferences towards console and
joystick games present expansion opportunities.
Market players actively participate in gaming
events, fostering innovation in gaming items and
fuelling industry growth. Leading companies
focus on offering diverse and surprising gaming
items, enhancing children's interest.
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3
Page 3 Request For Free Sample Report _at_
https//www.sperresearch.com/report-store/china-to
ys- market.aspx?sample1 Kids these days,
however, adore playing online games since they
don't require a separate play set and can be
played on smartphones and tablets. This will
likely limit the growth of the toy industry by
making it harder for the companies that make
video console kits to expand. Moreover, the
ubiquity of skin rashes associated with
prolonged use of dolls and construction play
kitswhich contain harmful materials like lead,
phthalates, and flame retardantsis hindering
consumer decision-making. Furthermore, the
rivalry of the market and rising expenses related
to product development and advertising are
preventing the larger competitors' firms from
growing.
Impact of COVID-19 on China Toys
Market Furthermore, due to the COVID-19
pandemic, children are spending more time at
home, which is increasing the market for larger
play figures that provide hours of enjoyment.
Games with instructional and construction themes
have become more popular among children as a
result of the pandemic. Parents' reluctance to
physically purchase these things has been
impacted by worries about the virus spreading,
which has a negative financial impact on
physical retailers. In addition, businesses face
difficulties in replenishing the newest
merchandise due to disruptions in the supply
chain caused by the pandemic. The chance of
youngsters catching the virus is considerably
raised when parents or guardians go shopping in
person and spend
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4
Page 4 more time outside. Thus, during these
periods, there is a noticeable trend towards
indoor entertainment and instructional
toys. China Toys Market Key Players Geographica
lly, Guangdong dominates the toy market with its
substantial market share, attributed to its
status as a major manufacturing hub, especially
for toys. The province boasts numerous factories
and production facilities, forming industrial
clusters dedicated to the toy industry. These
clusters promote collaboration, innovation, and
efficiency, solidifying Guangdong's leadership.
With years of experience, the region emphasizes
innovation and design, investing in research,
development, and creative product design.
Similarly, Jiangsu province plays a significant
role, leveraging its manufacturing capacity and
expertise to produce a diverse range of toys,
including plastic and electronic varieties.
Additionally, some of the market key players are
Hape International AG, Hasbro, Inc., LEGO System
A/S, Mattel, Inc., Micro Mobility Systems AG,
VTech Holdings Limited, Others.
China Toys Market Segmentation The SPER Market
Research report seeks to give market dynamics,
demand, and supply forecasts for the years up to
2033. This report contains statistics on product
type segment growth estimates and forecasts. By
Product Type Based on the Product Type, China
Toys Market is segmented as Activity Toys,
Construction and Building Toys, Dolls,
Electronic/Remote Control Toys, Games and
Puzzles, Infant/Pre-School Toys, Plush Toys,
Ride-Ons, Sports Outdoor Play Toys,
Others. By End-User Based on the End-User,
China Toys Market is segmented as Boys, Girls,
Unisex.
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5
Page 5
By Sales Channel Based on the Sales Channel,
China Toys Market is segmented as Departmental
Stores, Online Stores, Specialty Toy Chain
Stores, Supermarkets and Hypermarkets,
Others. By Region This research also includes
data for Guangdong, Henan, Jiangsu, Shandong,
Zhejiang, Others. This study also encompasses
various drivers and restraining factors of this
market for the forecast period. Various growth
opportunities are also discussed in the
report. For More Information, refer to below
link- China Toys Market Future Outlook Related
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2033 Follow Us LinkedIn Instagram Facebook
Twitter Contact Us Sara Lopes, Business
Consultant USA SPER Market Research
enquiries_at_sperresearch.com 1-347-460-289974
www.sperresearch.com
enquiries_at_sperresearch.com
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