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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Sports and Outdoor Toys Market Analysis by Region
North America dominates the sports and outdoor toys market share. According to the U.S. Department of Commerce, sales in the toys and hobbies retail sector in the United States reached USD 33.66 billion in 2021, including both online and offline transactions. Notably, there was a 4.4% increase in 2022, with total sales reaching USD 35.15 billion in the same year.
In the Asia Pacific, China is the largest market with the second highest population of children in the region. China, with around 478 million child population in 2023 (up to age of 14 years), offers lucrative opportunities for market expansion. The growth of the sports and outdoor toys market in Latin America can be attributed to increased exposure of children to social media and the internet. Children frequently encounter ads, reviews, and promotions for toys on these platforms, hence it is common for children to take the lead by actively searching for products online.
Sports and Outdoor Toys Market Report Snapshots
Sports and Outdoor Toys Market Size
Sports and Outdoor Toys Market Trends
Sports and Outdoor Toys Companies
Sports and Outdoor Toys Market Regional Analysis
*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 attained a value of USD 15,324.2 million in 2023.
The market is estimated to grow at a CAGR of 4.6% during 2024-2032
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of USD 23,189.8 million by 2032.
The major market drivers include increasing awareness about the benefits of engaging in outdoor activities, availability of a wide range of sports and outdoor toys, and increasing disposable incomes.
The key trends fuelling the growth of the market include the development of innovative toys leveraging advanced technologies like AI, growing need to introduce children to sports at an early age, and demand for toys with sustainable materials.
The various age groups in the market for sports and outdoor toys include less than 5 years, between 5-10 years, and above 10 years.
The key regional markets for sports and outdoor toys are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The different distribution channels are online channel, speciality stores, hypermarkets and supermarkets, departmental stores, among others.
The key players in the market include The Great Outdoor Toy Company, Simba Dickie Group GmbH, Decathlon, Spin Master Corporation, Hasbro, Inc., Mattel, Inc., The Walt Disney Company, Outdoor Toys, and Vuly Property Pty Ltd, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124