Stuffed Animal & Plush Toys Market Worth $13.34 Billion By 2025


Posted June 26, 2020 by sitakant

The global stuffed animal & plush toys market size is expected to reach USD 13.34 billion by 2025 registering a CAGR of 7.61%, according to a new report by Grand View Research, Inc.

 
The global stuffed animal & plush toys market size is expected to reach USD 13.34 billion by 2025 registering a CAGR of 7.61%, according to a new report by Grand View Research, Inc. Growing target population across the globe is expected to be the major factor driving the growth of this market. Moreover, high impact of various cartoon shows and action movies plays a key role in boosting the demand for stuffed and plush toys. In addition, collaborations among key companies and constant product innovations are expected to have a positive impact on the growth of this market.
For instance, Reliance Retail acquired one of the world’s largest toy store, Hamleys, to expand its geographical reach. Manufacturers are focusing on innovation and development to offer products equipped with advanced features, such as GPS trackers and sensors. North America is anticipated to be the largest regional stuffed & plush toys market by 2025 due to increasing sales of custom-made toys, such as action figures and cartoon toys. On the other hand, Asia Pacific is estimated to register the fastest CAGR over the forecast period. The offline distribution channel segment is expected to account for the largest market share by 2025.

For More Details please visit link @:
https://www.grandviewresearch.com/industry-analysis/stuffed-animal-plush-toys-market

Further key findings from the study suggest:
• In terms of revenue,cartoon toy products segment is projected to ascend at the fastest CAGR of 9.32% over the forecast period
• The offline distribution channel segment dominated the global stuffed animal & plush toys market with an overall share of 86.33% in the year 2018
• North America was the dominant regional market in 2018 and is projected expand further at a steady CAGR over the next few years
• Mattel, Inc.; Bandai Namco Group; LEGO A/S; Hasbro, Inc.; Simba Dickie Group; Spin Master Ltd.; and Budsies LLC are some of the key companies in this market

To Request a sample copy please visit @: https://www.grandviewresearch.com/industry-analysis/stuffed-animal-plush-toys-market/request/rs1

Grand View Research has segmented the global stuffed animal & plush toys market on the basis of product, distribution channel, and region:
Stuffed Animal & Plush Toys Product Outlook (Revenue, USD Billion, 2015 - 2025)
• Stuffed Animals
• Cartoon Toys
• Action Figures
• Others
Stuffed Animal & Plush Toys Distribution Channel Outlook (Revenue, USD Billion, 2015 - 2025)
• Online
• Offline
Stuffed Animal & Plush Toys Regional Outlook (Revenue, USD Billion, 2015 - 2025)
• North America
o U.S.
• Europe
o Germany
o France
• Asia Pacific
o China
o India
• Middle East & Africa
o South Africa
• Central & South America
o Brazil

For Inquire before buying please visit @: https://www.grandviewresearch.com/inquiry/6564/ibb

About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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Issued By sitakant
Country United States
Categories Business , Industry , Manufacturing
Tags global stuffed animal plush toys market , stuffed animal plush toys market , us stuffed animal plush toys market size
Last Updated June 26, 2020