Europe STEM Toys Market Growth, Size, Share, Industry Report and Forecast 2021-2027
The Europe STEM toys market is estimated to record a solid CAGR of 6.9% during the forecast period (2021-2027). The retail environment in Europe, particularly in the UK is highly focused, where it gives importance to children in families. The toy industry is also more versatile, where the top-selling lines are highly dependent on the latest television series, movies and fictional characters. The downfall of around 6% during 2019 is expected to regain its momentum during 2020 with a sales boost in Q1. The demand for educational cards and board games is high among school-graders, teenagers, and adults. Further, the growth in acceptance and momentum for robotics engineering in major colleges and universities such as the University of Oxford, Cambridge, might encourage the adoption of STEM related accessories among children right from an early age, thereby contributing to the market growth in Europe.
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One of the major reasons for
the rising sales of STEM related toys and games in the European market is the
favorable retail environment. The retail environment in Western European
countries is characterized by heavy discounts. In addition, the end-users in
these countries are known to have a high annual saving ratio. For example, the
average Western European’s saves over 10% of their income during a year, which
is three times more than an average US national. This high saving creates
opportunities for more purchases. This high saving translates itself into
opportunities to buy consumer durables. European customers, especially Germans
and the British, realistically take advantage of retail discounting fueled by
the retailer’s destocking as they have the cash to do so and are willing to pay
more for innovative products that can add value and enhance the home experience
and ease of convenience.
A full
Report of Europe STEM Toys Market is Available at: https://www.omrglobal.com/industry-reports/europe-stem-toys-market
Market Coverage
·
Market number available for – 2020-2027
·
Base year- 2020
·
Forecast period- 2021-2027
·
Segments Covered- by Age Group, Category, and
Distribution Channel
·
Countries Covered- UK, Germany, France, Italy,
Spain, and Rest of Europe
· Competitive Landscape- Hasbro, Inc.; Learning Resources Ltd.; LEGO System A/S; Mattel; and Ravensburge
Europe STEM Toys Market Report Segment
By Age Group
·
0-3
Years
·
3-8
Years
·
8-12
Years
·
12+
Years
By Category
·
Science
·
Technology
·
Engineering
·
Mathematics
By
Distribution Channel
·
Online
·
Offline
Europe STEM
Toys Market Report Segment
·
UK
·
Germany
·
France
·
Italy
·
Spain
Rest of
Europe
Company
Profiles
·
Engino.net
Ltd.
·
Goliath
Games
·
Hasbro,
Inc.
·
K’NEX
·
LeapFrog
Enterprises, Inc.
·
Learning
Resources Ltd.
·
LEGO
System A/S
·
Mattel
·
Ravensburger
·
Spin
Master
·
Valtech,
LLC
·
VTech
Holdings Ltd.
·
WowWee
Group Ltd.
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