Market Overview
According to Fortune Business Insights Global Educational Toys Market was valued at USD 66.22 billion in 2024. The market is projected to grow from USD 71.32 billion in 2025 and reach USD 126.02 billion by 2032, exhibiting a CAGR of 8.47% during the forecast period.
Toys designed with the intention of implementing learning into children are known as educational toys. The increasing demand for environmentally friendly and learning toys is anticipated to drive the market during the forecast period.
Major Players Profiled in the Report:
- Mattel (U.S.)
- LEGO System A/S (Denmark)
- Melissa & Doug (U.S.)
- Ravensburger (Germany)
- The Simba Dickie Group (Germany)
- TOMY (Japan)
- JAKKS Pacific, Inc. (U.S.)
- GoldLok Toys (China)
- WowWee Group Limited (Canada)
- CocoMoco Kids (India)
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Segments
Assistance in Developing Motor Skills Through Toys Drive Segmental Growth
By type, the market is divided into games & puzzles, arts & crafts, motor skills, role play, stem toys, musical toys, and other toys. The motor skills segment leads the market. The need to develop fine motor skills in infants, such as hand-eye coordination, to assist them in performing everyday tasks increases the toy’s popularity.
Rising Demand for Toys Helping in Boosting IQ to Lead the Up to 4 Years Segment
Based on age group, the market is categorized into up to 4 years, between 4 and 8 years, and above 8 years. During the forecast period, the up to 4 years segment is expected to dominate the market due to the growing need for educational toys assisting in developing children’s IQ at a young age.
Significant Discounts Offered by Supermarkets & Hypermarkets Propel Growth
By distribution channel, the market is divided into supermarkets & hypermarkets, specialty stores, e-commerce, and others. Substantial discounts offered by hypermarkets such as Walmart in the toy section are increasing in popularity, assisting in leading the segment.
From the regional ground, the market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
Report Coverage:
The report offers:
- Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
- Comprehensive insights into regional developments.
- List of major industry players.
- Key strategies adopted by the market players.
- Latest industry developments include product launches, partnerships, mergers, and acquisitions.
Drivers and Restraints
Preference of Smart Toys to Bolster Demand
Consumers are focused on purchasing smart electronic toys. Convenient use and personal approach while instructing make them a preferred choice over other traditional toys. STEM toys are anticipated to witness substantial growth during the forecast period as they are aimed at developing problem-solving skills in children in a creative way.
However, the high circulation of counterfeit and potentially dangerous products may hinder the educational toys market growth.
Regional Insights
North America Leads Owing to High Popularity of U.S. made Toys
North America dominates the market due to a surge in demand for ‘Made in USA’ learning toys. The region benefits from U.S.-made products as the shipment is faster and cheaper in comparison to shipments from China and Mexico.
Europe is expected to observe steady growth owing to the growing popularity of eco-friendly educational toys.
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Competitive Landscape
Big Corporations Concentrate on Online Distribution Channels to Increase Market Growth
Market players are increasing their focus on promoting products through online channels. During the forecast period, Lego Systems A/S and Mattel are anticipated to regain their place. For instance, Mattel products are sold in 150 countries, operate in 25 locations globally, and holds a prominent educational toys market share.
Key Industry Development
- September 2023: LeapFrog, a subsidiary of VTech, launched a new collection of learning toys, including magic adventures, wooden, and infant & preschool lines.
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