Traditional Toys and Games Market Grow with a CAGR of 5.19% through 2030
The
global traditional toys and games market is driven by rising parental emphasis
on skill development, nostalgia-driven purchases, growing demand for
educational toys, and increasing interest in offline play experiences among
children
According to
TechSci Research report, “Traditional Toys and Games Market - Global
Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030F”,
the Global Traditional Toys
and Games Market was valued at USD 96.31 billion in 2024 and is expected to
grow to USD 130.13 billion by 2030 with a CAGR of 5.19% during the forecast
period. The global traditional toys and games market is undergoing a dynamic
transformation, influenced by evolving consumer preferences, technological
advancements, and a renewed appreciation for classic play. Several key trends
and challenges are shaping the industry's trajectory, ensuring its relevance in
a rapidly changing world.
One
significant trend is the resurgence of nostalgic toys, driven by the
"kidult" phenomenon adults purchasing toys for themselves. Brands
like Care Bears, Tamagotchi, and Sylvanian Families have experienced renewed
popularity, appealing to both adults and children. This trend is fueled by a
desire for comfort and a connection to childhood, with nearly one-third of toy
sales attributed to adults and teens.
Another
notable development is the rise of collectible blind boxes. Pop Mart, a
Beijing-based toy company, has achieved remarkable success with its blind box
offerings, featuring characters like Labubu. These toys have become a global
phenomenon, especially popular among Gen Z and millennial consumers in Asia,
the US, and Europe. The blind box format, where consumers don't know which
character they are purchasing until opening, drives repeat purchases and
collecting behavior.
Despite
these positive trends, the industry faces several challenges. The proliferation
of digital devices and online entertainment options has significantly altered
children's play patterns. Smartphones, tablets, and video games offer
interactive and engaging experiences that often surpass the appeal of
traditional toys. This shift challenges traditional toy manufacturers to
innovate and integrate technology into their products to remain relevant.
Cultural
preservation is another aspect influencing the market. Traditional toys like
Channapatna toys in India and handcrafted toys in Mexico are gaining
international recognition for their craftsmanship and cultural significance.
These toys serve as vehicles for cultural expression and preservation in a
globalized world.
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"Global Traditional Toys and Games Market”
The Traditional
Toys and Games Market is segmented into product type, sales channel and region.
Based on the sales
channel, the online segment is the fastest-growing channel in the global
traditional toys and games market, driven by shifting consumer behaviors and
technological advancements. The convenience of shopping from home, coupled with
a broader selection of products and competitive pricing, has made online
shopping increasingly popular among consumers. This trend is evident in regions
like North America, where e-commerce platforms account for a significant
portion of toy sales. Additionally, the rise of mobile shopping and advancements
in digital payment systems have further facilitated the growth of online toy
retailing. As a result, the online segment is expected to continue its rapid
expansion in the coming years.
Based
on region, Asia Pacific is the fastest-growing region in the global traditional
toys and games market, driven by a combination of demographic trends, economic
development, and evolving consumer behaviors. The region's rapid urbanization
and expanding middle class are significant factors contributing to this growth.
Countries like India and China have large populations with increasing
disposable incomes, leading to higher demand for quality toys. In Southeast
Asia, urbanization is also on the rise, with countries such as Indonesia and
the Philippines experiencing notable growth in their middle-class populations. A
notable trend in the region is the rise of "kidults"—adults
purchasing toys for themselves. This demographic shift is particularly evident
in countries like Japan and South Korea, where adults seek nostalgic items and
collectibles. For instance, in Southeast Asia, the kidult market is expanding,
with millennials and Gen Z showing increased interest in toys as part of their
leisure activities.
Major companies
operating in the global Traditional Toys and Games Market are:
- Dream International Limited
- Hasbro, Inc.
- Jakks Pacific Inc.
- Mattel, Inc.
- Lego A/S
- BANDAI NAMCO Holdings Inc.
- LeapFrog Enterprises, Inc.
- Spin Master Corp
- Tomy Co., Ltd.
- Playmates Toys Limited
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“The integration of technology into
traditional play is also reshaping the market. Smart toys incorporating
augmented reality (AR), virtual reality (VR), and artificial intelligence (AI)
are gaining traction, offering interactive and personalized experiences. These
tech-integrated toys engage children in innovative ways, enhancing learning and
entertainment. Environmental consciousness is increasingly influencing consumer
choices. Parents and caregivers are seeking toys made from sustainable
materials, such as wood, organic fabrics, and recycled plastics. Manufacturers
are responding by adopting sustainable practices, including responsible
sourcing and eco-conscious packaging“, said Mr. Karan Chechi, Research
Director of TechSci Research, a research-based management consulting firm.
“Traditional Toys and
Games Market – Global Industry Size, Share, Trends, Opportunity and Forecast,
By Product Type (Outdoor & Sports Toys, Construction Sets, Dolls &
Plush Toys, Vehicles Toys, Others), By Sales Channel
(Supermarkets/Hypermarkets, Specialty Stores, Online, Others), By Region &
Competition, 2020-2030F”, has evaluated the future growth potential of global
Traditional Toys and Games Market and provides statistics & information on
market size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in the global Traditional
Toys and Games Market.
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