Global Educational
Toy Industry is expected to rise at a higher CAGR in the
forecast period. Generally, toys can be found in shopping malls and shops since
playing is a significant element of childhood primarily responsible for
cognitive development in kids. Playing helps improve the personalities and
personhood throughout the childhood period. Playing could be perfect method
where kids can practice certain skills and develop good reflexes. During such
plays, children can assume adult roles and develop responsibilities likewise.
They are hence, able to discover how to react in certain situations as the
society approves the right doings.
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Therefore, to ensure learning
with enjoyment in children while playing, educational toys cater to these
purposes. These toys are the tools which children can use while playing.
Further, educational toys help in developing motor skills coupled with social
skills to enhance the leisure activity in children. Educational toys are those
that help the children to discover great creativity while playing. The purpose
behind producing such products particularly for children is to ensure
developing certain skills that may prove useful in some latter point of time in
life.
On a commercial scale,
educational toys are made available according to certain age groups in
children. Commercially available toys are toy telephone, pot lids for banging
together, larger balls, toys encouraging acrobatic movement, kiddie cars,
rocking horse, small rubber balls, kiddie lawn mower, construction block or
sets, large crayons, large sheets of paper, etc. The global educational toy
industry is driven by factors such as growing concern for smart education by
schools and learning institutions. Rising need to boost creativity in children
right from a smaller age propels the market growth during assessment period.
Based on end-use, the global
educational toy industry is segmented into individuals and businesses. Based on
the type, global educational toy industry is segmented into activity toys,
games and puzzles, dolls, construction toys, accessories, outdoor and sports toys.
Based on geography, the global educational toy industry spans North America,
Latin America, Asia-Pacific, Middle-East and Africa. APAC regions such as
India, China, Japan and Singapore are expected to dominate the global market in
the forecast period. North America and European regions are expected to rise at
a higher CAGR in the forecast period owing to presence of large and small
manufacturers.
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The key players in the global
educational toy industry include Hasbro, Chicco, Mattel, Smoby, Bandai, Auldey,
LEGO Group, SILVERLIT, Quiltown, Playwell, HWTOYS, Allo & Lugh, YQG, HuiLe
Toys, Top Bright, Playmobil, Barbie, Play''n''Learn, Fisher Price, DISCOVERY
TOYS, Automoblox, IKEA, Learning Resources, KID Designs, Hog Wild, Educational
insights, Sassy, One Smart Cookie Productions, POOF-Slinky, Safari, and Elenco.
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