The North America Construction Toys Market would witness market growth of 5.9% CAGR during the forecast period (2022-2028).
Learning and educational toys help children and adults develop their imagination, problem-solving, creativity, and cognitive abilities. As a result, there is an increase in demand for learning and educational toys due to quickly shifting consumer preferences, growing demand for high-quality and environmentally friendly toys, fierce pricing competition among major players like Mattel and LEGO, and an increase in online sales.
The children can learn about spatial awareness by using blocks and construction playthings. The child will learn more about their body, the blocks, and how everything fits together in the environment when they develop their own project ideas. The experience of playing teaches kids to recognize and adapt to change. Like where the blocks should go to prevent them from collapsing before they are finished.
Building things with Lego, Duplo, and wooden blocks is a terrific approach to enhancing children's development of their fine-motor abilities. They can practice and refine these specific abilities by connecting, gripping, and moving blocks using their fingers and vision to cooperate.
The Canadian toys & games industry has recently experienced difficult operating conditions as a result of the COVID-19 outbreak. In order to regain their previous position and maintain their competitiveness, Canadian business owners have decreased the pricing of their goods while allowing reasonable imports from other countries with lower labor costs. While the sales of toys and games increased due to an internet platform, which is providing profitable chances for US-based manufacturers.
The US market dominated the North America Construction Toys Market by Country in 2021; thereby, achieving a market value of $4.6 billion by 2028. The Canada market is estimated to grow at a CAGR of 8.3% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 7.4% during (2022 - 2028).
Based on Material, the market is segmented into Polymer, Wood, Metal and Others. Based on Product, the market is segmented into Bricks & Blocks, Tinker Toy and Others. Based on Distribution Channel, the market is segmented into Hypermarkets & Supermarkets, Specialty Stores, Online and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Construction Toys Market is Estimated to reach $18.1 Billion by 2028, at a CAGR of 6.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Hasbro, Inc., Mattel, Inc., Spin Master Corp., LEGO Group (KIRKBI A/S), Ravensburger AG, Magformers LLC, PlayMonster LLC, Bandai Namco Holdings, Inc., Rockaway Records Ltd., Basic Fun, Inc.
By Material
By Product
By Distribution Channel
By Country
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