The Business Research Company Global Construction Toys Market Report 2021: Growth and Change in COVID-19
LONDON, GREATER LONDON, United Kingdom, August 11, 2021 /EINPresswire.com/ – The introduction of environmentally friendly construction toys is the key trend that is gaining popularity in the building and construction toys market. The major players are offering environmentally friendly and sustainable products as concerns about the safety of raw materials used in construction toys have increased, as well as to maintain a competitive advantage over other players. For example, in January 2020, Mattel, a US-based toy manufacturing company, launched an eco-friendly Mega Bloks range, consisting of the Mega Bloks Polar Friends, Safari Friends, and Woodland Friends sets, in which all sets are made. . from bio-based resins and packaged in fully recyclable Forest Stewardship Council (FSC) certified packaging.
The main players in the construction toy industry are Vtech, LEGO, Hasbro, Mattel, Mega Bloks, Bandai Co. Ltd, Melissa & Doug, Knex, Gebr. Märklin & Cie. GmbH, Meccano, Tegu, Spin Master Ltd., PlayMonster LLC., KnuckleStrutz, Magformers, Schylling Inc., Nanoblock, Polydron Limited and Learning Resources.
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The global construction toys market size is expected to grow from $ 8.94 billion in 2020 to $ 9.04 billion in 2021 at a compound annual growth rate (CAGR) of 1.1%. The growth is mainly due to companies resuming operations and adjusting to the new normal while recovering from the impact of COVID-19, which previously led to restrictive containment measures involving social distancing, the remote work and closure of business activities which resulted in operational challenges. The construction toys market is expected to reach $ 11.52 billion in 2025 at a CAGR of 6.3%. An increase in disposable income is expected to propel the growth of the construction toys market during the forecast period.
The main types of construction toys are bricks and blocks, DIY toys, etc. Toys from the bricks and blocks segment are also known as building blocks, they are solid shapes used for building games. Some are just simple wooden planks, while others are more complex, like plastic interlocking bricks. The Tinker Toys segment includes the Tinker Toy Building Set, which is a children’s toy building set made up of tiny pieces put together to form shapes or objects. Toys from the other segment include toys such as train sets, architectural sets, and educational sets, among others. The raw material used in the manufacture of construction toys includes wood, polymer, metal, etc. These categories of toys are sold through various channels such as supermarkets and hypermarkets, convenience stores and online stores.
Global Construction Toys Market Report 2021 – By product (bricks and blocks, handyman), by raw material (wood, polymer, metal), by distribution channel (supermarkets and hypermarkets, mini markets, online), COVID-19 Growth And Change is part of a series of new reports from The Business Research Company which provide construction toys market overview, construction toys market size and growth forecast for the overall market, construction toys market segments and geographies, construction toys market trends, construction toys market drivers, restraints, major competitor revenue, profiles and market share.
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