PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1394662
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1394662
According to SPER Market Research, 'Educational Toys Market Size- By Type, By Age, By Distribution Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033' state that the Educational Toys Market is predicted to reach USD 140.62 billion by 2033 with a CAGR of 10.41%.
A wide variety of items intended to support children's learning and skill development are referred to as educational toys. To promote social interaction, improve cognitive capacities, nurture creativity, and improve fine motor skills are just a few of the educational objectives that are the focus of educational toys, as opposed to traditional toys. In order to accommodate various developmental stages and learning preferences, these toys are usually made to be interactive, captivating, and age-appropriate.
Furthermore, the COVID-19 epidemic affected the market for educational toys in a variety of ways. Lockdowns and school closings, on the one hand, raised the demand for educational toys as parents looked for ways to keep their kids interested in learning while at home. During this time, there was a notable increase in the online sales of educational toys. However, production difficulties, economic uncertainty, and disruptions in the supply chain had a detrimental impact on the market.