Spain Toys Market Report and Forecast 2024-2032

Spain Toys Market Outlook

The Spain toys market size was valued at nearly USD 1441.90 million in 2023. The market is projected to grow at a CAGR of 1.9% between 2024 and 2032 to attain around USD 1708.06 million by 2032.

Key Takeaways:

• Puzzles and games are expected to constitute a major portion of the Spain toys market share.

• The demand for innovative tech toys that inculcate learning skills among children is expected to drive the market growth.

• Online distribution channels are expected to become increasingly popular among consumers.

The strengthening of legal regulations pertaining to toy advertisements on television and other mass media channels is expected to propel the Spain toys market growth. Toys that foster a sense of equality and pluralism are gaining high popularity in the country.

Toys that match modern consumer sentiments and thoughts are expected to witness a surge in demand, thereby driving the Spain toys market development.  Technologically advanced toys that can inculcate the values of equity, diversity, and inclusion among children are expected to catch consumer attention.

With the shift towards play based learning, toys that enhance cognitive skills and intellectual abilities among children are expected to gain high popularity among parents. This is expected to drive the Spain toys market growth in the forecast period.

Increasing expenditure on toy purchases is prompting parents to subscribe to toy rental services in Spain. This provides the benefit of a diverse range of playing options for children and higher cost savings for parents.

Moreover, these services help in minimising the volume of waste generated, which aligns with the global commitment towards sustainability. Hence, the increasing switch towards cost-effective children’s toy subscription and rental services is expected to foster the Spain toys market expansion over the forecast period.

Market Segmentation

Spain Toys Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Product Type

• Action Figures

• Building Sets

• Dolls

• Games and Puzzles

• 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

• Speciality Stores

• Convenience Stores

• Online

• Others

The key Spain toys market players are Mattel, Inc., Hasbro, Inc., LEGO System A/S, Goliath Games, LLC, Ravensburger AG, BRUDER Spielwaren GmbH + Co. KG, Fábricas Grupadas De Muñecas De Onil, SA, Diset, SA, Borras Plana SA, Miniland S.A., and CEFA TOYSS, SA, among others.

Key Highlights of the Report