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Global Construction Toys Market 2019-2023 | Introduction of Eco-Friendly Toys to Boost Growth | Technavio

November 12, 2019
Global Construction Toys Market 2019-2023 | Introduction of Eco-Friendly Toys to Boost Growth | Technavio
Global Construction Toys Market 2019-2023 | Introduction of Eco-Friendly Toys to Boost Growth | Technavio

LONDON--(BUSINESS WIRE)--Nov 12, 2019--

The global construction toys market is expected to post a CAGR of more than 6% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report

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Technavio has announced its latest market research report titled global construction toys market 2019-2023. (Graphic: Business Wire)

Popularity of computers, TVs, and cell phones among kids is compelling parents to look for ways to engage them in other physical activities. This has increased the demand for toys such as construction toys that can help in the mental, physical, and intellectual development of children. These toys also help nurture creativity and develop positive self-esteem among children. The growing focus of parents on overall child development is expected to boost the growth of the market during the forecast period.

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR31145

As per Technavio, the introduction of eco-friendly toys will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

Global Construction Toys Market: Introduction of Eco-Friendly Toys

The growing demand for toys has increased the concerns over the safety of the raw materials used in construction toys. Parents and educators are increasingly opting for green toys made of eco-friendly raw materials. To capitalize on this trend, many established players and startups are introducing eco-friendly construction toys in the market. These factors are expected to boost the growth of the global construction toys market during the forecast period.

“Increased adoption of multi-channel marketing and promotional strategies and the rising popularity of construction toys inspired from comic characters are some other major factors that will boost market growth during the forecast period”, says a senior analyst at Technavio.

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Global Construction Toys Market: Segmentation Analysis

This market report segments the global construction toys market by distribution channel (offline and online) and geography (APAC, Europe, MEA, North America, and South America).

The APAC region led the market in 2018, followed by North America, Europe, South America, and MEA respectively. During the forecast period, the APAC region is expected to maintain its dominance over the global market. This is due to the rising middle-class population in the region.

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.

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Some of the key topics covered in the report include:

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation

Customer Landscape

Geographical Segmentation

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendor Analysis

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191112005534/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email:media@technavio.com

Website:https://www.technavio.com/

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INDUSTRY KEYWORD: PROFESSIONAL SERVICES CONSULTING

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 11/12/2019 07:30 AM/DISC: 11/12/2019 07:30 AM

http://www.businesswire.com/news/home/20191112005534/en