The North America Cartoon Inspired Kids Wear Market would witness market growth of 6.2% CAGR during the forecast period (2023-2029).
Kids nowadays are familiar with the most recent trends. Therefore, these youngsters are aware of proper and improper attire. Recently, children have started to pick their clothes based on the design and characters they like. When a child picks out their clothes, it will increase their confidence and attractiveness. Developing one's sense of clothing is crucial to personality growth. As a result, more parents nowadays allow their children to select their clothes and toys, which is beneficial for market growth.
The increased desire for licensed toys is supported by the growing availability of digital media, as well as the influence of major worldwide toy and gaming businesses. In addition, due to growing urbanization and a rise in higher-income households, children are now being exposed to internationally renowned games and toys like Barbie, Toy Story, and Ben 10, boosting the demand for cartoon-inspired toys throughout the region.
As parents in developed countries become more mindful of the health dangers associated with plastic toys, they are purchasing more sustainable toys for their children. Additionally, to reduce their carbon footprint, governments worldwide have mandated companies to use recyclable components in creating a variety of items, including toys. For example, toy safety in Europe is governed by the Toy Safety Directive (TSD) (Directive 2009/48/EC).
According to projections, North America is anticipated to experience substantial growth in the near future. The safety and health of infants are becoming increasingly important to working-class parents in the United States. This trend has resulted in a rise in the labour force as well as a surge in dual-income households. Also, there is a noticeable surge in demand for the products during festivals and events where children are actively involved in activities like cosplay, school talent shows, and Halloween. This trend indicates a potential opportunity for businesses to capitalize on these events and increase sales.
The US market dominated the North America Cartoon Inspired Kids Wear Market by Country in 2022; thereby, achieving a market value of $21,269.6 million by 2029. The Canada market is experiencing a CAGR of 8.6% during (2023 - 2029). Additionally, The Mexico market would exhibit a CAGR of 7.7% during (2023 - 2029).
Based on Distribution Channel, the market is segmented into Offline, and Online. Based on Product, the market is segmented into Kids Wear, Toys, and Merchandise. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Cartoon Inspired Kids Wear Market is Projected to reach USD 103.6 Billion by 2029, at a CAGR of 6.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Carters Inc., Gap Inc., JAKKS Pacific, Inc., LEGO Group (KIRKBI A/S), H&M Group, The Walt Disney Company, Mattel, Inc, Hasbro, inc., Bandai Namco Holdings, Inc. and The Children's Place Inc.
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