The Global Connected Toys Market Report, published by Emergen Research, offers an industry-wide assessment of the Connected Toys market, which is inclusive of the most crucial factors contributing to the growth of the industry. The latest research report comprises an extensive analysis of the micro- and macro-economic indicators that influence the global market development during the forecast period of 2021-2030.
The current trends of the Connected Toys market, combined with a wide array of growth opportunities, key drivers, restraints, challenges, and other critical aspects, have been vividly detailed in the Connected Toys market report. Furthermore, the report takes into account various market dynamics, which, in turn, generate a plethora of developmental prospects for the leading players involved in the of the Connected Toys industry.
The report comprises an exhaustive overview of the Connected Toys market, focusing on its leading players and their lucrative business expansion initiatives. It provides the reader with essential conclusive data and information concerning the Connected Toys market’s growth, assessed on both regional and global levels. Hence, the sample copy of the ‘Global Connected Toys Market’ research report is inclusive of a brief analysis of the Connected Toys industry, the competitive landscape, regional overview, technological innovation, and future market developments, which are based on a practical research methodology.
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According to the most recent analysis by Emergen Research, the size of the global market for connected toys is anticipated to reach USD 36.63 billion in 2030, with a consistent revenue CAGR of 20.9%. The consistent market revenue growth of connected toys can be ascribed to the shift toward two working parents that gave rise to the monitoring and tracking of toy devices. The average proportion of working moms across OECD nations in 2019 was 70.9%. In 45.6% of two-partner homes, both members are full-time workers. In the EU in 2020, 72.2% of mothers and 90.0% of fathers were employed. In Australia, most parents will be employed in 2021. 63.9% of single parents were employed. 78.4% of those households had a working single mother. Both parents had jobs in 69.9% of two-parent families with kids. In the UK in 2019, 92.6% of fathers and 75.1% of mothers reported having a job. 28.5% of mothers reported working fewer hours owing to childcare, compared to only 4.8% of men. As a result, there is a surge in demand for connected toys to assist parents watch and track their children, which in turn is propelling market revenue development.
The leading contenders in the global Connected Toys market are listed below:
Mattel, Hasbro, The LEGO Group, Sony Corporation, VTech Holding Limited, UBTech Robotics Corp., DJI, iRobot Corporation, Sphero, Inc., Digital Dream Labs, Inc
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Market Segmentation:
The report bifurcates the Connected Toys market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
The Connected Toys global study report is a comprehensive analysis of the Connected Toys industry with regards to historical occurrences and a growth forecast in the coming years. The report analyzes the workings of the market to offer recommendations to the established companies as well as new entrants emerging in the market. The report covers a complete analysis of the Connected Toys industry and offers the reader a competitive advantage to stay ahead of the other players.
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Key features of the Market Research Promotion include:
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