Global Construction Toys Market Size, Share, Growth Analysis, By Type(Building Blocks, and Puzzles), By Distribution Channel(Offline retail, and Online retail) - Industry Forecast 2024-2031

Report ID: SQMIG25J2035 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 61 | Figures: 75

Global Construction Toys Market News

In April 2023, Mattel announced the acquisition of the construction toy brand, KNEX, in a deal worth $250 million.

In February 2023, Spin Master announced the launch of a new line of construction toys based on the popular Netflix series, Cobra Kai.

In January 2023, Lego announced the launch of a new line of construction toys based on the popular Disney movie, Frozen 2.

In September 2022, Mega Construx announced a partnership with Nintendo to launch a new line of construction toys inspired by the popular video game, Super Mario.

In August 2022, K'NEX announced the launch of a new line of building sets inspired by the popular video game, Fortnite.

Global Construction Toys Market Report Snapshots

License Type Top market research company in USA

File Type

$5,300

BUY NOW GET FREE SAMPLE

Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Construction Toys Market size was valued at USD 12.18 billion in 2021 and is poised to grow from USD 12.95 billion in 2022 to USD 21.11 billion by the end of 2030, growing at a CAGR of 6.30% during the forecast period (2023-2030).

The competition in the construction toy industry is fragmented, with several small and medium-sized players operating in the market. The industry is witnessing the entry of several new players who are introducing innovative and sustainable construction toys in the market. To gain a competitive edge, players in the market are focusing on product innovation, incorporating advanced technologies such as IoT, and expanding their distribution networks. In addition, companies are also investing in marketing and advertising campaigns to increase brand awareness and attract new customers. The industry is expected to witness increased competition as more players enter the market in the coming years. 'LEGO Group (Denmark)', 'Mattel, Inc. (US)', 'Hasbro, Inc. (US)', 'K'NEX Industries, Inc. (US)', 'MEGA Brands Inc. (Canada)', 'Bandai Co., Ltd. (Japan)', 'Playmates Toys Limited (Hong Kong)', 'Melissa & Doug, LLC (US)', 'TOMY Company, Ltd. (Japan)', 'Geobra Brandstätter GmbH & Co. KG (Germany)', 'Simba Dickie Group GmbH (Germany)', 'Ravensburger AG (Germany)', 'VTech Holdings Limited (Hong Kong)', 'Goliath BV (Netherlands)', 'Magformers, LLC (South Korea)', 'Basic Fun, Inc. (US)', 'Educational Insights, Inc. (US)', 'Yiwu Baojie Toys Factory (China)', 'Hape International Inc. (China)', 'MindWare Holdings, Inc. (US)'

One major driver for the growth of the construction toy industry is the increasing awareness among parents and education authorities about the benefits of these toys in cognitive development. These toys are known to stimulate problem-solving ability, improve motor skills, spatial reasoning, cognitive flexibility, and social competence in children. With the growing focus on cognitive development among children, parents and educators are increasingly opting for construction toys that offer both entertainment and education. This is expected to drive the demand for construction toys in the market in the coming years.

One key market trend in the construction toy industry is the increasing popularity of sustainable and eco-friendly toys. With growing concerns about the environmental impact of plastic toys and the health hazards associated with them, consumers are increasingly opting for toys made from natural and sustainable materials such as wood, bamboo, and organic cotton. Toy manufacturers are responding to this trend by introducing new lines of eco-friendly construction toys, which are not only safe for children but also better for the environment. This trend is expected to drive the demand for sustainable construction toys in the market in the coming years.

North America and Asia-Pacific are two of the major regions in the global construction toy market. North America is expected to dominate the market due to the high demand for educational toys and games that aid in cognitive development. In the US, the demand for construction toys is mainly driven by the growing awareness of the benefits associated with them, such as improved problem-solving skills and creativity among children. Additionally, the increasing availability of eco-friendly and sustainable toys is boosting the market growth in this region.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

Global Construction Toys Market Size, Share, Growth Analysis, By Type(Building Blocks, and Puzzles), By Distribution Channel(Offline retail, and Online retail) - Industry Forecast 2024-2031

Global Construction Toys Market News

Global Construction Toys Market Report Snapshots

Want to customize this report?

FAQs

What is the global market size of Construction Toys Market?

Who are the key vendors in the Global Construction Toys Market?

What is the key driver of Global Construction Toys Market?

What is the key market trend for Global Construction Toys Market?

Which region accounted for the largest share in Global Construction Toys Market?

Request Free Customization

Related Reports

Feedback From Our Clients

$5,300