How big is the toy industry in the UK?

Revenue in the Toys & Games segment amounts to US$9.79bn in 2022. The market is expected to grow annually by 4.50% (CAGR 2022-2026).

Is the toys industry growing?

Global toy sales reached $95 billion in 2020, posting a 2.6% growth over 2019.

Is there a demand for toys?

The global toys market size was USD 129.45 billion in 2020. The global COVID-19 impact has been unprecedented and staggering, with the product witnessing a positive demand shock across all regions amid the pandemic. Based on our analysis, the global market exhibited a stellar growth of 22.30% in 2020.

How much is the toy industry worth UK?

The revenue of the toys and games market grew significantly in recent years, going from approximately 4.9 billion British pounds in 2013 to over 7.1 billion in 2021.

Who sells the most Toys in the UK?

Argos.co.
Argos.co.uk is leading the Toys & Baby e-commerce market in the UK, with e-commerce net sales of US$ 812 million in 2020 generated in the UK, followed by Amazon.co.uk with US$ 733 million. Third place is taken by Sainsburys.co.uk with a revenue of US$ 319 million.

Is the toy industry competitive?

However, the demise of major retailers like Toys R Us reveals another side of the toy market: It’s an intensely competitive and rapidly changing industry. A SWOT analysis points out its strengths and weaknesses.

What is happening in the toy industry?

Increased demand for classic toys In 2021 and beyond, the toy industry looks to be investing in the comfort that nostalgic toys bring to parents. Global toy industry experts even predict that the sales of these classic toys may make up for some of the losses suffered from kids turning to video games at an earlier age.

Why is the toy industry growing?

The disposable income diverted from other forms of entertainment was a contributor to the industry’s growth as consumers continued to look for ways to entertain their children and themselves,” said Juli Lennett, vice president and industry advisor, Toys, The NPD Group.

How is the toy industry doing?

Between 2020 and 2024, the educational toy market is expected to grow by more than $24 billion. Thames & Kosmos, creator of science toys since 2001, saw a huge spike in demand for their products during 2020. As of December 2020, sales were up 80% over 2019.

What is the target market for toys?

Families with young children are the main target market for the toy industry.

What is the future of the toy industry?

The Indian toys market reached a value of US$ 1.35 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 2.73 Billion by 2027, exhibiting a CAGR of 12.6% during 2022-2027.