The global construction toys market size is expected to reach
USD 19.64 billion by 2025, according to a new report by Grand View Research,
Inc. It is projected to register a CAGR of 9.5% during the forecast period.
Rising focus on cognitive development of kids among both parents and educational
institutions is expected to expand the scope of construction toys.
Major universities and scientific research
institutes from across the globe emphasis on the use of these products as tools
for improving mental health. For instance, in February 2018, the University of
Colorado published a research paper on the positive effect of construction toys
on spatial skills. Many toy companies have been launching products specific to
age, gender, and interest of the kid.
Construction toys help develop imagination,
creativity, and attentiveness among children. Along with keeping them engaged,
they also improve their problem-solving skills, logical thinking, hand-eye
coordination, and memory. For instance, magnetic construction kits are
considered very helpful for children as they are easier to connect compared to
the conventional products. Rapid R&D in terms of innovation for
introduction of new toys is projected to create growth opportunities for the
global market.
In May 2019, LEGO announced the launch of LEGO
City Space, themed after 50 years of NASA. Multiple new sets are being released
which include, Satellite Service Mission, Rover Testing Drive, Mars Research
Shuttle, Lunar Space Station, Deep Space Rocket and Launch Control, Rocket
Assembly & Transport, and People Pack—Space Research and Development. In
April, 2019 the company also announced the upcoming launch of LEGO Brail Bricks
for blind and visually impaired children. The regular bricks have been molded
with studs for numbers and alphabets. The set consists of 250 pieces covering
digits, mathematical symbols, and alphabets.
Another toy company, Well Played Toys signed a
deal with Legendary Entertainment which makes it a toy partner for the
production in February 2019. Well Played Toys plans to release construction kit
based on Legendary Entertainment production, Lost in Space. Similarly Cobi, a
Polish toy company has launched blocks construction kit in April, 2019. The kit
is based on Boeing's CST-100 Starliner capsule and consists of 227 blocks.
For full research report on Construction
Toys Market visit here:
https://www.grandviewresearch.com/industry-analysis/construction-toys-market
Further key
findings from the report suggest:
- Bricks and blocks accounted for more than 50%
of the global revenue share in 2018
- Polymer-based products is expected to expand
at the fastest CAGR of 10.0% from 2019 to 2025
- North America reported a global revenue share
of more than 30% in 2018
- Online distribution channel is expected to
exceed USD 5 billion by the end of 2025
- Major players operating in the construction
toys market are The LEGO Group.; Tegu; Spin Master Ltd.; Schylling Inc.;
Polydron (UK) Limited; PlayMonster LLC.; Nanoblock; Mattel; Magformers;
KnuckleStrutz; and K’NEX (Basic Fun, Inc.)
Get request sample of this report here: https://www.grandviewresearch.com/industry-analysis/construction-toys-market/request/rs1
Grand
View Research has segmented the global construction toys market on the basis of
product, raw material, distribution channel, and region:
Construction
Toys Product Outlook (Revenue, USD Million, 2015 - 2025)
- Bricks & Blocks
- Tinker Toy
- Others
Construction
Toys Raw Material Outlook (Revenue, USD Million, 2015 - 2025)
- Wood
- Polymer
- Metal
- Others
Construction
Toys Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)
- Supermarkets &
Hypermarkets
- Convenience Stores
- Online
Construction
Toys Regional Outlook (Revenue, USD Million, 2015 - 2025)
- North America
- U.S.
- Europe
- Germany
- France
- U.K.
- Asia Pacific
- India
- China
- Central & South
America
- Brazil
- Middle East &
Africa (MEA)
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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