Indian Toys Market: Size, Outlook, Trend and Forecast Till 2018-2023


Posted December 21, 2018 by SophiaJones

Indian Toys Market: Size, Outlook, Trend and Forecast Till 2018-2023

 
Market Reports on India Provides the Trending Market Research Report on“Indian Toys Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”under Consumer Goods category. The report offers a collection of superior market research, market analysis, competitive intelligence and industry reports.

Summary
Indian toys market was worth US$ 1.3 Billion in 2017,registering a CAGR of 15.8% during the year 2010-2017.The market is further projected to cross US$ 2.9 Billion by 2023,at a CAGR of 13.9% during 2018-2023.The existence of toys in India dates back to the Indus Valley Civilization around five thousand years ago.The earliest toys included whistles shaped like birds, toy monkeys which could slide down a string and small carts which were made from materials found in nature such as sticks, clay and rocks.
In recent years, the advent of advanced technology and machinery has encouraged manufacturers to produce modern and innovative toys.



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Driven by a huge consumer base, India represents an important market for toys. With a population of around 1.3 Billion, it is the second largest populated country in the world. Morever, the country has a very large young population with around half of the total population under the age of 25.

consumers have more disposable incomes and their spending patterns have also changed. This has resulted in a major shift from traditional, medium- to low-end battery-operated toys, towards innovative electronic toys, intelligent toys as well as upmarket plush toys.

Scope
- IOn the basis of toy type, plush toys are the most popular segment as they are considered safe and are popular among children of all age groups.
- Other major toy types include electronic toys, games and puzzles, construction and building toys, dolls, ride-ons, sports and outdoor play toys, infant/per-school toys and activity toys.
- Based on gender, unisex toys dominate the Indian toys market, accounting for the majority of the overall market share. Unisex toys are followed by girls and boys toys.
- The market has further been segmented on the basis of distribution channel into specialty stores, super and hyper markets, online and others. Currently, specialty stores represent the largest distribution channel.

Reasons to buy
- On a geographical front, Maharashtra currently represents the largest market. Maharashtra is followed by Tamil Nadu, Karnataka, Gujarat, Delhi and others.
- This report provides a deep insight into the Indian toys market covering all its essential aspects.

Browse our full report with Table of Contents :
http://www.marketreportsonindia.com/marketreports/indian-toys-market-industry-trends-share-size-growth-opportunity-and-forecast-2018-2023/1309061

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Last Updated December 21, 2018