Trends, Drivers and Vendor Forecasts for 2021-2025
Accelerating at a CAGR of almost 5%, the science, technology, engineering, and mathematics (STEM) toys market is expected to post an incremental growth of $ 964.09 million over the next five years. Elenco Electronics Inc., Hasbro Inc., Johnco Productions Pty Ltd., Learning Resources Ltd., LEGO SySTEM AS, Mattel Inc., Melissa & Doug LLC, Ravensburger AG, Smartivity Labs Pvt. Ltd., and Spin Master Corp. are among the key market players. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers to provide growth projections and insights. In addition, our report offers a deep understanding of the key market players and their product portfolios. This analytical examination of the market will enable businesses to plan and set the path for future growth prospects.
Science, Technology, Engineering, And Mathematics (STEM) Toys Market: Market Segments and Key Trends
The Science, technology, engineering, and mathematics (STEM) toys market is segmented by Distribution Channel (Offline and Online) and Geography (APAC, North America, Europe, MEA, and South America). APAC led the market with 35% of the market growth set to originate from this region during the forecast period. Intense competition from mobile games is one of the challenges that will need to be overcome to drive growth. This research report provides a detailed analysis of all the segments, key trends, and challenges that are likely to influence growth.
Science, Technology, Engineering, And Mathematics (STEM) Toys Market: Top Drivers to Boost Demand
The Growth of collaborative environment in educational institutions is one of the primary factors driving the growth of the science, technology, engineering, and mathematics (STEM) toys market. The report provides a detailed study of all the factors that are likely to boost the market. An understanding of the key drivers will enable clients to leverage growth opportunities to their advantage with a view to short-term and long-term business goals. For additional insights on this market: Download FREE Sample Report.
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