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Report Overview

The Singapore toys market is projected to grow at a CAGR of 3.50% between 2025 and 2034.

2024

Base Year

2018-2024

Historical Year

2025-2034

Forecast Year

  • In 2023 total residents below the age of 20 were over 791,000 up 0.3% since 2022, the Department of Statistics reported.

  • As per the annual report of LEGO A/S for the year 2023, the company recorded USD 65.9 billion in revenue.

  • As per the Department of Statistics in Singapore, in 2023, the total live births were 33,541.

Compound Annual Growth Rate

Value in

3.5%

2025-2034


Singapore Toys Market Outlook

*this image is indicative*

Singapore Toys Market Growth

Growth in the Singapore toys market is boosted by hypermarkets and supermarkets, they offer a one-stop shopping experience for a variety of toys.

Supermarkets and hypermarkets are very important in Singapore’s toy market because they can be easily accessed and have a wide range of customers. This makes them convenient places for families with kids since they offer a mix of popular toy brands, licensed merchandise, educational toys, and seasonal toys at competitive prices. They allow individuals to browse and compare options easily.

The toy industry in the domestic region is likely to find growth given steady growth among the relevant age group, coupled with robust marketing by toy brands. In August 2023 Hasbro in Singapore came together with McDonald's to release a new toy as part of the Happy Meal scheme.

Online channels have emerged as one of the main players in the Singapore toy market over the past few years showing a significant rise. Platforms like shopee and Amazon give buyers access to toys that may not necessarily be found within physical stores. Busy parents or individuals find it convenient since online channels allow them to browse through different toys from the comfort of their houses.

Singapore Toys Market Segmentation

Singapore Toys Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:

Market Breakup by Product:

  • Action Figures
  • Building Sets
  • Games and Puzzles
  • Dolls
  • Sports and Outdoor Toys
  • Plush
  • Others 

Market Breakup by Age Group:

  • Up to 5 Years
  • Between 5 to 10 Years
  • Above 10 Years

Market Breakup by Distribution Channel:

  • Supermarkets and Hypermarkets
  • Departmental Stores
  • Online 
  • Others

Singapore Toys Market Share

Growth in the toys market of Singapore is led by action figures owing to the popularity of marketing campaigns led by brands in this segment. Action figures of iconic characters from famous video games, comics, and movie franchises like” Marvel”, “DC” and “Star Wars” have a massive fan base among children and collectors which drives demand in this industry.

Leading Companies in the Singapore Toys Market

Major players in this market have a burgeoning outreach owing to investments in sustainable and eco-friendly toys driven by increasing environmental awareness along with an emphasis on safety and quality.

  • LEGO System A/S
  • Bandai Namco Holdings Inc.
  • Hasbro, Inc.
  • TOMY Company, Ltd.
  • Dream International Limited
  • Sunshing Marketing Pte Ltd.
  • Others

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The market is projected to grow at a CAGR of 3.50% between 2025 and 2034.

The toys market is categorised into action figures, building sets, games and puzzles, dolls, sports and outdoor toys, plush and others.

The toys market key players are LEGO System A/S, Bandai Namco Holdings Inc., Hasbro, Inc., TOMY Company, Ltd., Dream International Limited, Sunshing Marketing Pte Ltd. and others.

Based on the age group, the market is divided into children up to 5 years, between 5 to 10 years and above 10 years.

The market is broken down into supermarkets and hypermarkets, departmental stores, online and others.

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2024
Historical Period 2018-2024
Forecast Period 2025-2034
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product
  • Age Group
  • Distribution Channel
Breakup by Product
  • Action Figures
  • Building Sets
  • Games and Puzzles
  • Dolls
  • Sports and Outdoor Toys
  • Plush
  • Others
Breakup by Age Group
  • Up To 5 Years
  • Between 5 To 10 Years
  • Above 10 Years
Breakup by Distribution Channel
  • Supermarkets and Hypermarkets
  • Departmental Stores
  • Online
  • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • LEGO System A/S
  • Bandai Namco Holdings Inc.
  • Hasbro, Inc.
  • TOMY Company, Ltd.
  • Dream International Limited
  • Sunshing Marketing Pte Ltd.
  • Others

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