Varie
Parents Prioritize Learning: Educational Toys Market Set for 9.5% CAGR Driven by Skill-Building Focus | Future Market Insights, Inc.
The educational toy market is driven by growing competition in the market by new startups. New entrants are deploying online platforms to promote learning through play. With an increasing number of parents seeking educational toys to boost their child's learning abilities and foundational skills, value of the market is projected to increase.
According to a survey of parents by The Toy Association of the United States , 76% of parents wish their kids to join a STEAM (Science, Technology, Engineering, Arts and Mathematics) related profession later in life. Supporting this positive perception, STEM-related jobs are expected to expand 1.7X than non-STEAM jobs. Thus, a vast proportion of parents are seeking STEAM toys to encourage children in these fields.
Key players are leveraging the well-established distribution network covering several countries. Additionally, leading merchants are using their reserves to market their products on social media and other digital platforms to reach more customers. Players are also seen investing in digitalization of their businesses to boost their visibility and ease their operations. Increasing rivalry in this market is projected to compel innovation and market advancement. Following are the key players in educational toy industry:
Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.
Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai and has delivery centers in the United Kingdom, the United States, and India. FMI's latest market research reports and industry analysis helps businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition.
Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
sales@futuremarketinsights.com
https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
Logo: https://mma.prnewswire.com/media/1197648/3531122/FMI_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/parents-prioritize-learning-educational-toys-market-set-for-9-5-cagr-driven-by-skill-building-focus--future-market-insights-inc-302029624.html