Market Overview:
The global STEM toys market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as the increasing demand for STEM-based toys from parents and educators, growing focus on STEAM education, and rising awareness about the benefits of STEM toys. The global STEM toys market is segmented on the basis of type, application, and region. On the basis of type, it is divided into science, technology & engineering, math, and other segments. The technology & engineering segment accounted for a major share of the global market in 2017 owing to increased demand for educational robotics kits and 3D printing pens among children. The math segment is projected to grow at a higher CAGR during 2018-2030 due to increasing popularity of puzzles and games that help improve mathematical skills among children. On the basis of application, it is classified into infant/preschool toys (age group up to 5 years), age 6-8 years old (elementary school students), age 9-11 years old (middle school students), other applications (high school students & adults).
Product Definition:
STEM Toys are toys that teach children about Science, Technology, Engineering, and Math. They are important because they help children learn about these subjects at a young age, which can help them later in life when they pursue careers in these fields.
Science:
Science, it's usage and growth factor in STEM toys market is expected to grow at a significant rate over the forecast period. The Science, Technology Engineering and Mathematics (STEM) education movement has been encouraging young people to pursue studies in science, technology, engineering and mathematics. This movement has been gaining traction among schools & parents across the globe as it provides a well-balanced education in terms of practical as well as theoretical knowledge.
Technology & Engineering:
Technology and Engineering is the application of science, technology, and practical knowledge to solve real-world problems. In other words, it is all about combining creativity with innovation in order to create innovative solutions for various industries. STEM (Science, Technology, Engineering & Mathematics) toys are designed using concepts of science and engineering in order to encourage children's natural curiosity about the world around them.
Application Insights:
The infant/preschool toys segment dominated the global STEM toys market, accounting for over 40% of the overall revenue share in 2017. The high share is attributable to rising demand from parents for educational and developmental playthings for their babies. Infant/pres preschoolers require learning tools that stimulate their mental faculties thus leading to a rise in demand for such toys.
In addition, these age groupers are very particular about playing with different types of toys as infants often exhibit preference towards similar types of playthings making it difficult for parents to choose an appropriate toy variety considering both age groups needs and interests. This has led manufacturers to develop products especially designedfor infants thereby driving the application segment further upsurge during this period.
Age 6-8 is another significant period where STEM education plays a vital role as children progress through school.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing awareness among parents related to education and enrichment of childhood skills. China, Japan, South Korea, Singapore and India are some of the countries that have a high concentration of manufacturers offering products in STEM subjects.
The European region accounted for a major share in terms of revenue as well as volume due to increased spending on educational toys by consumers from Western Europe countries such as Germany and U.K., which has resulted into an increase in demand for these products across all regions over the past few years. However, North America may emerge as a potential market after Asia Pacific due to growing investments by companies focusing on developing innovative toys & games based on science & engineering concepts that would appeal both children and adults alike across this region is anticipated over next eight years till 2030 AD (Year Of Innovation).
Growth Factors:
- Increasing demand for STEM-based toys from parents who want to give their children a head start in science and technology
- Rising popularity of educational toys that teach scientific and mathematical concepts
- Growing trend of open-ended play that allows children to explore and learn at their own pace
- Advances in toy technology that make learning more fun and engaging for kids
- Increased emphasis on STEM education by schools, educators, and government officials
Scope Of The Report
Report Attributes
Report Details
Report Title
STEM Toys Market Research Report
By Type
Science, Technology & Engineering, Math
By Application
Infant/Preschool Toys, Age 6-8, Age Between 9-11, Other
By Companies
Hasbro, LEGO Group, Mattel, Bandai, TAKARA TOMY, Gigotoys, Melissa & Doug, Vtech, Spin Master, BanBao, Goldlok Toys, Guangdong Loongon, Guangdong Qman Culture Communication, ShanTou LianHuan Toys & Crafts
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
136
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.
Global STEM Toys Market Report Segments:
The global STEM Toys market is segmented on the basis of:
Types
Science, Technology & Engineering, Math
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Infant/Preschool Toys, Age 6-8, Age Between 9-11, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Hasbro
- LEGO Group
- Mattel
- Bandai
- TAKARA TOMY
- Gigotoys
- Melissa & Doug
- Vtech
- Spin Master
- BanBao
- Goldlok Toys
- Guangdong Loongon
- Guangdong Qman Culture Communication
- ShanTou LianHuan Toys & Crafts
Highlights of The STEM Toys Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Science
- Technology & Engineering
- Math
- By Application:
- Infant/Preschool Toys
- Age 6-8
- Age Between 9-11
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the STEM Toys Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
STEM Toys are toys that help children learn about science, technology, engineering and math (STEM). These toys can be used to explore different concepts in these fields or to have fun while learning.
Some of the major companies in the stem toys market are Hasbro, LEGO Group, Mattel, Bandai, TAKARA TOMY, Gigotoys, Melissa & Doug, Vtech, Spin Master, BanBao, Goldlok Toys, Guangdong Loongon, Guangdong Qman Culture Communication, ShanTou LianHuan Toys & Crafts.
The stem toys market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 STEM Toys Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 STEM Toys Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 STEM Toys Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the STEM Toys Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global STEM Toys Market Size & Forecast, 2020-2028 4.5.1 STEM Toys Market Size and Y-o-Y Growth 4.5.2 STEM Toys Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Science
5.2.2 Technology & Engineering
5.2.3 Math
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Infant/Preschool Toys
6.2.2 Age 6-8
6.2.3 Age Between 9-11
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global STEM Toys Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 STEM Toys Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Science
9.6.2 Technology & Engineering
9.6.3 Math
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Infant/Preschool Toys
9.10.2 Age 6-8
9.10.3 Age Between 9-11
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Science
10.6.2 Technology & Engineering
10.6.3 Math
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Infant/Preschool Toys
10.10.2 Age 6-8
10.10.3 Age Between 9-11
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Science
11.6.2 Technology & Engineering
11.6.3 Math
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Infant/Preschool Toys
11.10.2 Age 6-8
11.10.3 Age Between 9-11
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Science
12.6.2 Technology & Engineering
12.6.3 Math
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Infant/Preschool Toys
12.10.2 Age 6-8
12.10.3 Age Between 9-11
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Science
13.6.2 Technology & Engineering
13.6.3 Math
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Infant/Preschool Toys
13.10.2 Age 6-8
13.10.3 Age Between 9-11
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 STEM Toys Market: Competitive Dashboard
14.2 Global STEM Toys Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hasbro
14.3.2 LEGO Group
14.3.3 Mattel
14.3.4 Bandai
14.3.5 TAKARA TOMY
14.3.6 Gigotoys
14.3.7 Melissa & Doug
14.3.8 Vtech
14.3.9 Spin Master
14.3.10 BanBao
14.3.11 Goldlok Toys
14.3.12 Guangdong Loongon
14.3.13 Guangdong Qman Culture Communication
14.3.14 ShanTou LianHuan Toys & Crafts