Views: 2 Author: Site Editor Publish Time: 2023-02-11 Origin: Site
Quality children's toys shape the way children play and learn. Digital applications have been on the rise recently, with a proliferation of video games and electronic learning toys. With the holidays approaching, parents are looking for the latest toys to keep their children entertained. For this reason, Alpha science toys have conducted a unique survey of the global educational toys market to provide the most professional report on toy industry data trends for 2023 to help you understand the latest trends for the season.
Global Toy Market
The children's toys industry is a lucrative market with big brands investing heavily in manufacturing innovative products every year to drive consumer interest and sales. the global children's toys market is valued at USD 305.57 billion in 2021 and is expected to grow at a CAGR of 5.80% to reach USD 405.08 billion by 2026.
Children's toys and games are considered to be the physical foundation of children's entertainment as they stimulate the senses, encourage creativity, and increase imagination. toys for children aged 0 to 8 years dominated the market in 2021, accounting for 47.3% of the market share. Moreover, educational toys, such as puzzles, construction sets, and STEM toys, are popular among this age group.
In addition, the integration of games, technology, and the introduction of movie-themed toys are expected to boost the market growth.
Popular children's toys this season
Children's toy trends change from year to year, with brands investing heavily in developing new and creative items to keep kids excited. There is no doubt that it is difficult to keep up with the latest trends in the children's toy industry and every child's interests are different, which makes shopping for children's toys tricky. Therefore, Alpha science toys discuss the major themes and most popular toy categories in the kid's toy industry in this article.
Big brands attract large crowds
Thanks to extensive marketing and a prominent social media presence, the top players in the game, such as Lego and Play-Doh, are popular among different age groups. Big brands like Windjammer, L.O.L and Barbie release new collections every year while keeping an eye on the most popular styles and trends.
In addition, many shoppers consider big brands a safe bet because they have a history of attracting large crowds and are notorious for selling out in time for the holidays. This holiday season, Lego sets with ties to other popular franchises are sure to sell out. This includes Star Wars and Super Mario-themed LEGO sets.
Heroes of the Silver Screen
Many children are attached to the characters in their favorite cartoons or movies. In response, brands have launched toys, collectibles, games, and other items themed on popular movies and TV shows.
For example, toys featuring Pokemon, Paw Patrol, Black Panther, and Jurassic World are in high demand. this is supported by a report in 2021, which noted that revenue from toys based on movie characters grew by 19% in 2019.
This trend can also be seen in streaming content. For example, sales of Barbie Dreamhouse skyrocketed after the release of a show called Barbie Dreamhouse Adventures on Netflix. Other favorites include Peppa Pig, Corcoran, and Baby Shark-themed toys. Therefore, it is wise to keep up with the latest trends in movie theaters to take advantage of this lucrative category.
One trend affecting the children's toy market is educational toys for children, particularly technology-themed children's toys. This segment includes children's toys that improve cognitive, academic, and motor skills. Among these, academic children's toys are the most significant driver of market growth. In addition, the increased interest of parents and students in early learning is contributing to the demand for children's educational toys.
Despite the high price tag, many tech-savvy individuals prefer smart toys with cutting-edge innovations over other learning toys. This is because intelligent toys are easy to use and feature user-friendly interfaces and customizable teaching mechanisms.
The growing adoption of smart toys for children has created a huge demand for STEM toys that improve logical reasoning and creativity.
Sensory Toys for Children
There is a lot of interest and demand in the children's toy industry for products that offer peace and comfort. Spurred by the growth of viral Tik Tok and ASMR videos on YouTube, the children's toy industry is quickly adapting to the latest consumer demand for products that create a Zen experience.
Despite the perception that the viral trend will fade over time, children's sensory toys have held their ground, with brands frequently introducing novelty products to appeal to the senses. Gadget spinners, kinetic sand, and textured balls are the most prevalent sensory toys.
Sensory toys are particularly beneficial for children with autism because they stimulate the senses and help improve gross and fine motor skills. They can also provide children with the sensations they crave in a potentially safe way. For example, children with ADHD crave high sensory stimulation, and these children's toys help them relax by providing calming emotional support.
Eco-friendly and inclusive toys
Attitudes of many shoppers are changing, with many consumers preferring eco-friendly and sustainable alternatives. Therefore, in order to be accepted and celebrated by caregivers and parents, a new generation of children's toys must meet certain quality standards. In addition, there is greater interest in gender-inclusive products and products that create a meaningful play.
Many companies are investing in socially responsible children's toys and games and are developing inclusive toy lines for all demographic groups. For example, they make dolls that represent multiple ethnicities.
Next Generation Toys
As the digital space expands, kids s have new opportunities to explore their potential by being creative and developing fresh content with new types of toys. These products encourage kids to share their artwork in novel ways across different platforms.
Many next-generation products promote content creation through photography, coding, drawing, and filmography. They are aligned to social media usage while grounding users in a physical space through sensory toy-building abilities. These products also encourage intergenerational play by allowing children to collaborate with their parents to build fun things together.
By 2030, the gaming console market is expected to grow at a CAGR of 5.37%. The growing demand for 3D video games, e-sport tournaments, and advancements in core wireless connectivity are the primary factors driving the console market’s growth. Additionally, when physical sports were halted last year, many people turned to online gaming as an alternative source of entertainment.
The gaming console market is divided into home, hybrid, and handheld consoles. A home console is popular because it has advanced graphics and can be linked to external devices like television.
On the other hand, the handheld console is portable and comes with built-in game consoles, a speaker, a screen, and controls all in one. A hybrid console has a docking station or a wired connection that connects the device to a fixed power source.
Many children's toy companies are investing in classic toys, such as Tonka trucks, to provide comfort and induce nostalgia in parents. In addition, this is an attempt to make up for the loss of the children's toy industry as more and more children turn to video games at a young age. However, there is a demand for classic toys, as evidenced by the tripling of sales of the traditional Christmas toy "Love Bear" in 2021.
Fisher-Price, another classic brand, continues to release toys inspired by the 1980s and 1990s. Other brands are drawing inspiration from classic TV shows to recreate popular characters and appeal to parents.
Alpha science toys, a China manufacturer of educational toys, goes to great lengths to ensure that its products provide enough sensory stimulation and foster creativity and imagination. The list is endless and keeps growing, from anxiety-relieving Peter Pan to board games, puzzles, STEM toys, construction kits and eco-friendly toys. The main purpose of this article is to give readers an idea of the most sought-after products in the children's toy industry in 2023.
Meanwhile, Alpha science toys, as an excellent toy brand owner and toy manufacturer, will continue to produce children's educational toys with different themes to provide the best quality learning tools for children to understand the world of interesting science knowledge and science fun, so that children can have a childhood full of laughter and growth help and become the smartest professionals.