Global Traditional Toys and Games Market was valued at US$ 111.83 billion in 2021, According to Traditional Toys and Games Market Report, by Product Type (Educational Toys, Card Games, Stuffed Toys, Outdoor and Sports Toys, Model Vehicles, Construction Sets, Puzzles, Remote Control Toys, Dolls and Action Figures, Board Games and Others), by Distribution Channel (Supermarkets, Hypermarkets, Online, Company Outlets, Toy Stores and Others), and by Age Demographic (0 to 18 months, 19 to 36 months, 3 to 4 years, 4 to 8 years, 8 to 10 years and 10 to 14 years), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa), published by Coherent Market Insights
Global traditional toys and games market was valued at US$ 111.83 Billion in 2021. Traditional toys and games market is expected to register a CAGR of 5.01 % over the forecast period (2022–2030), to reach US$ 173.18 Billion by 2030.
Cognitive development in children involves thinking skills, the ability to process information, and a basic understanding of how the world works. Toys and games naturally offer opportunities for children to practice different thinking skills such as cause and effect, imitation, symbolic thinking, and problem-solving. For instance, when a teacher guides children on how to use simple objects like pots and pans as drumming instruments, they imitate the teacher and make a sound of their own. Offering opportunities like this allows children to practice imitation, understand cause and effect, and discover new elements.
Sensory play helps stimulate a child’s senses, develops hand-eye coordination, and encourages interaction. Problem-solving toys such as light-up mats, stackers and blocks, and others help children figure out cause and effect, and boost their confidence through trial and error while promoting movement. Besides this, themed playsets, construction sets, and dolls help children develop their recognition skills. These toys also assist with language development by reinforcing the names of colors and shapes.
Due to COVID-19 restrictions and remote or hybrid working, parents spent more time at home with their children, which led families to stay connected and spent time together through toys and games. There was continued demand for activity-based toys, especially games and puzzles, and construction sets.
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/traditional-toys-and-games-market-1243
Browse 50 market data tables* and 40 figures* on "Global Traditional Toys and Games Market” - Forecast to 2030.
Key Trends and Analysis of the Global Traditional Toys and Games Market:
- Among regions, North America accounted for a significant market share of 32.00% in 2021. Consumers were increasingly purchasing dolls, puzzles, and model vehicles to keep their children engaged and entertained. Apart from this, sales of traditional toys and games among adults also grew at a significant pace, as home-bound individuals wanted to pass time.
- According to Coherent Market Insights analysis in 2021, demand for traditional toys and games in Europe is expected to grow over the forecast period. Digitalization of traditional toys and games is also expected to fuel growth of the market in the U.K. Increasing adoption of smartphones, tablets, gaming consoles, and other smart devices is broadening the scope for sales of traditional toys and games through online channels.
Key Takeaways of the Global Traditional Toys and Games Market:
- According to Coherent Market Insights 2021, among product type, the outdoor and sports toys segment held the largest revenue share of 20% in the global traditional toys and games market in 2021
- Key players operating in the traditional toys and games market are focusing on various strategies such as new product launch to strengthen their market presence and expand their product portfolio. For instance, in January 2021, Theory11, a manufacturer of playing cards launched ‘The Mandalorian’ playing cards, in collaboration with Star Wars,. The premium deck features custom artwork on each card illustrating Aces, Jokers, and court cards with characters from the show such as Mando, Baby Yoda, IG-11, Moff Gideon, and Cara Dune.
- In June 2021, Lego, a privately held toy manufacturing company based in Billund, Denmark announced that adult superfans will be able to hold virtual meetings with set creators and pore over early product designs and prototypes at “storytelling tables” in its stores.
