Global construction toys market is anticipated to grow at a CAGR of 12.2% during the forecast period (2024-2031). The increasing emphasis of parents on early learning and multiple developmental of their child is a key factor driving the growth of the global construction toys market. These toys promote problem-solving, spatial reasoning, creativity, imagination, fine motor skills, and align with educational trends. Parents seeks toys that offer more than just entertainment, providing a fun and engaging way for children to learn and develop important cognitive skills. Therefore, the key players are taking different growth strategies such as new product launches and mergers & acquisitions to gain a major share in the market.
Recent developments-
- In July 2022, Mattel partnered with SpaceX to develop a line of toys and collectibles aimed at sparking children’s interest in space exploration. The product line featured figures, plush toys, and building sets. This collaboration is built on Mattel’s past work with Elon Musk on remote-controlled cars.
- In January 2024, Spin Master, a global children’s entertainment enterprise, finalized its acquisition of Melissa & Doug, a renowned US-based brand celebrated for its early childhood play products.
- In 2022, Manor Independent School District in Texas introduced a robotics program that utilizes LEGO Education products, aiming to incorporate interactive and enjoyable learning experiences for elementary school students. The growing participation of schools in exploring the potential of these toys is further likely to drive the global market growth.
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Market Coverage
- The market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
Segment Covered-
- By Product
- By Material
- By Distribution Channel
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- The LEGO Group, Mattel, Inc., Spin Master Ltd., Hasbro Inc., and Learning Resources Inc. among others.
Construction Toys Market Report Segment
By Product
- Bricks & Blocks
- Tinker Toy
- Others (Vehicle Toys, and Puzzles)
By Material
- Wood
- Polymer
- Metal
- Others (Foam)
By Distribution Channel
- Hypermarkets & Supermarkets
- Specialty Stores
- Online
- Others (Retailer)
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Construction Toys Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Bandai Namco Holdings Inc.
- Marklin & Cie GmbH
- Learning Resources Inc.
- Magformers, Inc.
- Märklin & Cie. GmbH
- MEGA Brands Inc.
- Melissa & Doug
- PlayMonster Group LLC
- Polydron (UK) Ltd
- Ravensburger
- Schylling
- Spin Master Ltd.
- TEGU, Inc.
- VTech Holdings Ltd.
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