Science, Technology, Engineering and Mathematics (STEM) Toys Market Analysis APAC, North America, Europe, Middle East and Africa, South America - US, Canada, China, Japan, Germany - Size and Forecast 2024-2028

Published: Oct 2023 Pages: 190 SKU: IRTNTR43317

Science, Technology, Engineering and Mathematics (STEM) Toys Market Forecast 2024-2028

The science, technology, engineering and mathematics (STEM) toys market is projected to reach a value of USD 8.09 billion at a CAGR of 8.89% between 2023 and 2028. The market's expansion is influenced by several factors, including the increasing emphasis on educational initiatives, the integration of digital platforms in STEM learning, and the growing focus on gender equality and inclusion. These factors highlight the importance of learning, creativity, and development for children, fostering innovation and advancements in technology, engineering, science, and math education. Our report examines historical data from 2018 - 2022, besides analyzing the current market scenario.

What will be the size of the STEM Toys Market During the Forecast Period?

Science, Technology, Engineering and Mathematics (STEM) Toys Market Forecast 2024-2028

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Market Dynamics and Customer Landscape

The STEM toys market is driven by a multitude of factors, including the growing emphasis on educational initiatives and the increasing recognition of the importance of STEM learning for children's development. This trend has led to a surge in demand for STEM toys that promote creativity, innovation, and problem-solving skills through hands-on and interactive play experiences. Toy companies are continuously innovating, incorporating technology, engineering, and science concepts into their products, including coding, robotics, and building kits. However, despite the market's growth, challenges remain, such as ensuring accessibility and affordability of STEM toys for all children, as well as addressing the gender gap in STEM participation. Additionally, there is a need to continually adapt to evolving educational trends and technological advancements, ensuring that STEM toys remain relevant and engaging for future generations. Our researchers studied the data for years, with 2023 as the base year and 2024 as the estimated year, and presented the key drivers, trends, and challenges for the market. 

Key Market Driver - Growing emphasis on STEM education

There has been growing traction and emphasis on education over recent years, increasing in the global market. In addition, the growing recognition of the importance of STEM fields in preparing students for future careers has driven the demand for educational toys that promote STEM learning.

Moreover, this increasing emphasis on education has had a profound impact on the market in focus, influencing consumer preferences and driving innovation in the design and development of STEM toys. In addition, factors such as the rise in demand for coding and robotics toys have also positively impacted the toys market. Therefore, it is expected to drive the market growth during the forecast period.

Significant Market Trends - Integration of AI and machine learning (ML) technologies 

There has been a significant revolution in the global STEM toys market due to the integration of Artificial Intelligence (AI) and Machine Learning (ML) technologies in STEM toys. In addition, these advanced technologies enhance the educational value of toys by providing personalized learning experiences, promoting critical thinking, and expanding the possibilities for experimentation and exploration.

Moreover, AI and ML technologies have facilitated the development that can adapt and respond to a child's unique abilities and learning style. For instance, the Cubetto Playset is a coding toy that incorporates AI technology to provide an adaptive learning experience. Furthermore, the toy utilizes ML algorithms to analyze the child's interactions and adjust the difficulty level accordingly. Hence, such factors are positively impacting the market. Therefore, it is expected to drive the market growth during the forecast period.

Major Market Challenge - Threat from substitutes for STEM toys

There is a significant availability and attractiveness of alternative products and activities that offer similar educational benefits that can divert consumer attention and resources away from traditional STEM toys. Therefore, it limits the market demand and growth potential.

Moreover, screen-based technology and digital applications are some of the major substitutes for STEM toys. In addition, with the increasing ubiquity of smartphones, tablets, and computers, children can access a wide range of educational apps, games, and interactive content that promote STEM learning. Furthermore, these digital substitutes offer interactive experiences, engaging visuals, and instant feedback, all of which can rival the hands-on engagement that STEM toys offer. Hence, such factors hinder the market growth during the forecast period.

Market Segmentation

The report extensively covers market segmentation by application (in-home and in-school), age group (9-10 years, 6-8 years, and 11-13 years), subjects (science, engineering, mathematics, and technology), and geography (APAC, North America, Europe, Middle East and Africa, and South America). 

 Application Analysis

The in-home segment is estimated to witness significant growth during the forecast period. This segment is designed for children to use within the comfort of their own homes, either independently or with the guidance of parents or caregivers. In addition, the rise in demand for in-home can be attributed to several factors, such as the increasing recognition of the importance of early STEM education, the need for educational entertainment at home, and the convenience of learning opportunities within a familiar environment.

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The in-home segment was the largest segment and was valued at USD 7.26 billion in 2018. Moreover, the main factor that is fuelling the growth of this segment is the growing emphasis on early STEM education. In addition, as parents and educators recognize the significance of building a strong foundation in STEM fields, there is a greater inclination to introduce concepts and activities to children at an early age. Furthermore, in-home STEM toys provide an accessible and engaging way for children to explore and learn about STEM without the need for formal classroom instruction. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.

Age Group Analysis

Based on the age group, the segment is classified into 9-10 years, 6-8 years, and 11-13 years. The e 9-10 years segment mainly focuses on offering educational resources that promote STEM learning and skill development, targeting the cognitive abilities and curiosity of children between the ages of 9 and 10. In addition, the increasing complexity of cognitive abilities in children of this age is contributing to the growth of this segment. Moreover, between the ages of 9 and 10, children experience significant development in their critical thinking, problem-solving, and analytical skills. Furthermore, they are able to grasp more abstract concepts and engage in more advanced reasoning. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.

Regional Analysis

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APAC is estimated to contribute 42% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period.  Some of the leading revenue-generating countries in APAC that contribute to the market growth in the region include China, Japan, South Korea, and India. In addition, the regional market will be bolstered by growing disposable incomes, increasing consumer awareness about various brands, and the growing willingness among end-users to spend money on STEM toy industry for their children for educational purposes. Furthermore, due to higher purchasing potential among consumers, many toy retail chains are entering APAC. Hence, such factors are driving the market growth in the region during the forecast period.

Who are the Major  Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Elenco Electronics Inc: The company offers science, technology, engineering and mathematics toys such as 2 In 1 Ultimate Candy Science Kit, Architectural Engineering, Bouncing Planets.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:

Building Blocks Learning Solutions Pvt. Ltd., Dilly Dally Kids, Elation Edtech Pvt. Ltd., Evollve Inc., Fat Brain Toys LLC., Franckh Kosmos Verlags GmbH and Co. KG, Fun Express LLC, Funvention Learning Pvt. Ltd., GoldieBlox Inc., Hape International Inc., Hasbro Inc., Innovation First International Inc., Learning Resources Ltd., LEGO System AS, Makeblock Co. Ltd., Makey Makey LLC., Mattel Inc., MobilizAR Technologies Pvt. Ltd., MVW Holdings Inc., Nesta Toys, Piper Learning Inc., PlanToys.com, PlayMonster LLC, Ravensburger AG, Scientifics Direct Inc., SmartGurlz, Smartivity Labs Pvt. Ltd., SND Digital Retails LLP, Sphero Inc., Spin Master Corp., Thimble, Timbuk Toys, Tinkering Labs Inc., and Xinxiang Alpha Manufacturing Ltd.

Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  

Market Analyst Overview

The stem toy market is experiencing significant growth, driven by the increasing emphasis on science, technology, engineering, and mathematics education. Toys companies and retailers are capitalizing on this trend by offering a diverse range of toys that foster imagination and creativity, while also promoting learning and developments. These toys often include puzzles, construction sets, and other educational materials that encourage hands-on experimentation and problem-solving. As a result, the toys industry has become a prominent player in the gifts market, appealing to parents and educators who seek to provide children with engaging and educational toys. Retailers are expanding their offerings in the category, with dedicated sections toy store and online, catering to the growing demand for these innovative and enriching products.

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

  •  Application Outlook
    • In-home
    • In-school
  • Age Group Outlook 
    • 9-10 years
    • 6-8 years
    • 11-13 years
  • Subjects Outlook 
    • Science
    • Engineering
    • Mathematics
    • Technology
  • Geography Outlook
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Argentina
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Science, Technology, Engineering And Mathematics Toys Market Scope

Report Coverage

Details

Page number

190

Base year

2023

Historic period

2018 - 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 8.89%

Market Growth 2024-2028

USD 8.09 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

7.87

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 42%

Key countries

US, Canada, China, Japan, and Germany

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Building Blocks Learning Solutions Pvt. Ltd., Dilly Dally Kids, Elation Edtech Pvt. Ltd., Elenco Electronics Inc., Evollve Inc., Fat Brain Toys LLC., Franckh Kosmos Verlags GmbH and Co. KG, Fun Express LLC, Funvention Learning Pvt. Ltd., GoldieBlox Inc., Hape International Inc., Hasbro Inc., Innovation First International Inc., Learning Resources Ltd., LEGO System AS, Makeblock Co. Ltd., Makey Makey LLC., Mattel Inc., MobilizAR Technologies Pvt. Ltd., MVW Holdings Inc., Nesta Toys, Piper Learning Inc., PlanToys.com, PlayMonster LLC, Ravensburger AG, Scientifics Direct Inc., SmartGurlz, Smartivity Labs Pvt. Ltd., SND Digital Retails LLP, Sphero Inc., Spin Master Corp., Thimble, Timbuk Toys, Tinkering Labs Inc., and Xinxiang Alpha Manufacturing Ltd.

Market dynamics

Parent market analysis,Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our market growth analysis report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research and Growth Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting between 2024 and 2028
  • Precise estimation of market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming market trends and changes in consumer behavior
  • Growth of the market across APAC, North America, Europe, Middle East and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of the market companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Age Group
    • Exhibit 07: Executive Summary – Chart on Market Segmentation by Subjects
    • Exhibit 08: Executive Summary – Chart on Incremental Growth
    • Exhibit 09: Executive Summary – Data Table on Incremental Growth
    • Exhibit 10: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 11: Parent market
    • Exhibit 12: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 13: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 14: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 15: Chart on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 16: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 17: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 18: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global science, technology, engineering and mathematics (STEM) toys market 2018 - 2022
      • Exhibit 19: Historic Market Size – Data Table on global science, technology, engineering and mathematics (stem) toys market 2018 - 2022 ($ billion)
    • 4.2 Application Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Application Segment 2018 - 2022 ($ billion)
    • 4.3 Age group Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Age group Segment 2018 - 2022 ($ billion)
    • 4.4 Subjects Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Subjects Segment 2018 - 2022 ($ billion)
    • 4.5 Geography Segment Analysis 2018 - 2022
      • Exhibit 23: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)
    • 4.6 Country Segment Analysis 2018 - 2022
      • Exhibit 24: Historic Market Size – Country Segment 2018 - 2022 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 25: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 26: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 27: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 28: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 29: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 30: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 31: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 32: Chart on Application - Market share 2023-2028 (%)
      • Exhibit 33: Data Table on Application - Market share 2023-2028 (%)
    • 6.2 Comparison by Application
      • Exhibit 34: Chart on Comparison by Application
      • Exhibit 35: Data Table on Comparison by Application
    • 6.3 In-home - Market size and forecast 2023-2028
      • Exhibit 36: Chart on In-home - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 37: Data Table on In-home - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 38: Chart on In-home - Year-over-year growth 2023-2028 (%)
      • Exhibit 39: Data Table on In-home - Year-over-year growth 2023-2028 (%)
    • 6.4 In-school - Market size and forecast 2023-2028
      • Exhibit 40: Chart on In-school - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 41: Data Table on In-school - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 42: Chart on In-school - Year-over-year growth 2023-2028 (%)
      • Exhibit 43: Data Table on In-school - Year-over-year growth 2023-2028 (%)
    • 6.5 Market opportunity by Application
      • Exhibit 44: Market opportunity by Application ($ billion)
      • Exhibit 45: Data Table on Market opportunity by Application ($ billion)

    7 Market Segmentation by Age Group

    • 7.1 Market segments
      • Exhibit 46: Chart on Age Group - Market share 2023-2028 (%)
      • Exhibit 47: Data Table on Age Group - Market share 2023-2028 (%)
    • 7.2 Comparison by Age Group
      • Exhibit 48: Chart on Comparison by Age Group
      • Exhibit 49: Data Table on Comparison by Age Group
    • 7.3 9-10 years - Market size and forecast 2023-2028
      • Exhibit 50: Chart on 9-10 years - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 51: Data Table on 9-10 years - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 52: Chart on 9-10 years - Year-over-year growth 2023-2028 (%)
      • Exhibit 53: Data Table on 9-10 years - Year-over-year growth 2023-2028 (%)
    • 7.4 6-8 years - Market size and forecast 2023-2028
      • Exhibit 54: Chart on 6-8 years - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 55: Data Table on 6-8 years - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 56: Chart on 6-8 years - Year-over-year growth 2023-2028 (%)
      • Exhibit 57: Data Table on 6-8 years - Year-over-year growth 2023-2028 (%)
    • 7.5 11-13 years - Market size and forecast 2023-2028
      • Exhibit 58: Chart on 11-13 years - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 59: Data Table on 11-13 years - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 60: Chart on 11-13 years - Year-over-year growth 2023-2028 (%)
      • Exhibit 61: Data Table on 11-13 years - Year-over-year growth 2023-2028 (%)
    • 7.6 Market opportunity by Age Group
      • Exhibit 62: Market opportunity by Age Group ($ billion)
      • Exhibit 63: Data Table on Market opportunity by Age Group ($ billion)

    8 Market Segmentation by Subjects

    • 8.1 Market segments
      • Exhibit 64: Chart on Subjects - Market share 2023-2028 (%)
      • Exhibit 65: Data Table on Subjects - Market share 2023-2028 (%)
    • 8.2 Comparison by Subjects
      • Exhibit 66: Chart on Comparison by Subjects
      • Exhibit 67: Data Table on Comparison by Subjects
    • 8.3 Science - Market size and forecast 2023-2028
      • Exhibit 68: Chart on Science - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 69: Data Table on Science - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 70: Chart on Science - Year-over-year growth 2023-2028 (%)
      • Exhibit 71: Data Table on Science - Year-over-year growth 2023-2028 (%)
    • 8.4 Engineering - Market size and forecast 2023-2028
      • Exhibit 72: Chart on Engineering - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 73: Data Table on Engineering - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 74: Chart on Engineering - Year-over-year growth 2023-2028 (%)
      • Exhibit 75: Data Table on Engineering - Year-over-year growth 2023-2028 (%)
    • 8.5 Mathematics - Market size and forecast 2023-2028
      • Exhibit 76: Chart on Mathematics - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 77: Data Table on Mathematics - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 78: Chart on Mathematics - Year-over-year growth 2023-2028 (%)
      • Exhibit 79: Data Table on Mathematics - Year-over-year growth 2023-2028 (%)
    • 8.6 Technology - Market size and forecast 2023-2028
      • Exhibit 80: Chart on Technology - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 81: Data Table on Technology - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 82: Chart on Technology - Year-over-year growth 2023-2028 (%)
      • Exhibit 83: Data Table on Technology - Year-over-year growth 2023-2028 (%)
    • 8.7 Market opportunity by Subjects
      • Exhibit 84: Market opportunity by Subjects ($ billion)
      • Exhibit 85: Data Table on Market opportunity by Subjects ($ billion)

    9 Customer Landscape

    • 9.1 Customer landscape overview
      • Exhibit 86: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    10 Geographic Landscape

    • 10.1 Geographic segmentation
      • Exhibit 87: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 88: Data Table on Market share by geography 2023-2028 (%)
    • 10.2 Geographic comparison
      • Exhibit 89: Chart on Geographic comparison
      • Exhibit 90: Data Table on Geographic comparison
    • 10.3 APAC - Market size and forecast 2023-2028
      • Exhibit 91: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 92: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 93: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 10.4 North America - Market size and forecast 2023-2028
      • Exhibit 95: Chart on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 96: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 97: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 10.5 Europe - Market size and forecast 2023-2028
      • Exhibit 99: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 100: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 101: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 10.6 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 103: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 104: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 105: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 10.7 South America - Market size and forecast 2023-2028
      • Exhibit 107: Chart on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 108: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 109: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 110: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 10.8 US - Market size and forecast 2023-2028
      • Exhibit 111: Chart on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 112: Data Table on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 113: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 114: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 10.9 China - Market size and forecast 2023-2028
      • Exhibit 115: Chart on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 116: Data Table on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 117: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 118: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 10.10 Japan - Market size and forecast 2023-2028
      • Exhibit 119: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 120: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 121: Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Exhibit 122: Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • 10.11 Germany - Market size and forecast 2023-2028
      • Exhibit 123: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 124: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 125: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 126: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 10.12 Canada - Market size and forecast 2023-2028
      • Exhibit 127: Chart on Canada - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 128: Data Table on Canada - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 129: Chart on Canada - Year-over-year growth 2023-2028 (%)
      • Exhibit 130: Data Table on Canada - Year-over-year growth 2023-2028 (%)
    • 10.13 Market opportunity by geography
      • Exhibit 131: Market opportunity by geography ($ billion)
      • Exhibit 132: Data Tables on Market opportunity by geography ($ billion)

    11 Drivers, Challenges, and Trends

    • 11.1 Market drivers
      • 11.2 Market challenges
        • 11.3 Impact of drivers and challenges
          • Exhibit 133: Impact of drivers and challenges in 2023 and 2028
        • 11.4 Market trends

          12 Vendor Landscape

          • 12.1 Overview
            • 12.2 Vendor landscape
              • Exhibit 134: Overview on Criticality of inputs and Factors of differentiation
            • 12.3 Landscape disruption
              • Exhibit 135: Overview on factors of disruption
            • 12.4 Industry risks
              • Exhibit 136: Impact of key risks on business

            13 Vendor Analysis

            • 13.1 Vendors covered
              • Exhibit 137: Vendors covered
            • 13.2 Market positioning of vendors
              • Exhibit 138: Matrix on vendor position and classification
            • 13.3 Franckh Kosmos Verlags GmbH and Co. KG
              • Exhibit 139: Franckh Kosmos Verlags GmbH and Co. KG - Overview
              • Exhibit 140: Franckh Kosmos Verlags GmbH and Co. KG - Product / Service
              • Exhibit 141: Franckh Kosmos Verlags GmbH and Co. KG - Key offerings
            • 13.4 Fun Express LLC
              • Exhibit 142: Fun Express LLC - Overview
              • Exhibit 143: Fun Express LLC - Product / Service
              • Exhibit 144: Fun Express LLC - Key offerings
            • 13.5 Funvention Learning Pvt. Ltd.
              • Exhibit 145: Funvention Learning Pvt. Ltd. - Overview
              • Exhibit 146: Funvention Learning Pvt. Ltd. - Product / Service
              • Exhibit 147: Funvention Learning Pvt. Ltd. - Key offerings
            • 13.6 GoldieBlox Inc.
              • Exhibit 148: GoldieBlox Inc. - Overview
              • Exhibit 149: GoldieBlox Inc. - Product / Service
              • Exhibit 150: GoldieBlox Inc. - Key offerings
            • 13.7 Learning Resources Ltd.
              • Exhibit 151: Learning Resources Ltd. - Overview
              • Exhibit 152: Learning Resources Ltd. - Product / Service
              • Exhibit 153: Learning Resources Ltd. - Key offerings
            • 13.8 LEGO System AS
              • Exhibit 154: LEGO System AS - Overview
              • Exhibit 155: LEGO System AS - Product / Service
              • Exhibit 156: LEGO System AS - Key news
              • Exhibit 157: LEGO System AS - Key offerings
            • 13.9 Makeblock Co. Ltd.
              • Exhibit 158: Makeblock Co. Ltd. - Overview
              • Exhibit 159: Makeblock Co. Ltd. - Product / Service
              • Exhibit 160: Makeblock Co. Ltd. - Key offerings
            • 13.10 Mattel Inc.
              • Exhibit 161: Mattel Inc. - Overview
              • Exhibit 162: Mattel Inc. - Business segments
              • Exhibit 163: Mattel Inc. - Key news
              • Exhibit 164: Mattel Inc. - Key offerings
              • Exhibit 165: Mattel Inc. - Segment focus
            • 13.11 Piper Learning Inc.
              • Exhibit 166: Piper Learning Inc. - Overview
              • Exhibit 167: Piper Learning Inc. - Product / Service
              • Exhibit 168: Piper Learning Inc. - Key offerings
            • 13.12 Scientifics Direct Inc.
              • Exhibit 169: Scientifics Direct Inc. - Overview
              • Exhibit 170: Scientifics Direct Inc. - Product / Service
              • Exhibit 171: Scientifics Direct Inc. - Key offerings
            • 13.13 Smartivity Labs Pvt. Ltd.
              • Exhibit 172: Smartivity Labs Pvt. Ltd. - Overview
              • Exhibit 173: Smartivity Labs Pvt. Ltd. - Product / Service
              • Exhibit 174: Smartivity Labs Pvt. Ltd. - Key offerings
            • 13.14 Sphero Inc.
              • Exhibit 175: Sphero Inc. - Overview
              • Exhibit 176: Sphero Inc. - Product / Service
              • Exhibit 177: Sphero Inc. - Key offerings
            • 13.15 Thimble
              • Exhibit 178: Thimble - Overview
              • Exhibit 179: Thimble - Product / Service
              • Exhibit 180: Thimble - Key offerings
            • 13.16 Tinkering Labs Inc.
              • Exhibit 181: Tinkering Labs Inc. - Overview
              • Exhibit 182: Tinkering Labs Inc. - Product / Service
              • Exhibit 183: Tinkering Labs Inc. - Key offerings
            • 13.17 Xinxiang Alpha Manufacturing Ltd.
              • Exhibit 184: Xinxiang Alpha Manufacturing Ltd. - Overview
              • Exhibit 185: Xinxiang Alpha Manufacturing Ltd. - Product / Service
              • Exhibit 186: Xinxiang Alpha Manufacturing Ltd. - Key offerings

            14 Appendix

            • 14.1 Scope of the report
              • 14.2 Inclusions and exclusions checklist
                • Exhibit 187: Inclusions checklist
                • Exhibit 188: Exclusions checklist
              • 14.3 Currency conversion rates for US$
                • Exhibit 189: Currency conversion rates for US$
              • 14.4 Research methodology
                • Exhibit 190: Research methodology
                • Exhibit 191: Validation techniques employed for market sizing
                • Exhibit 192: Information sources
              • 14.5 List of abbreviations
                • Exhibit 193: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              science, technology, engineering and mathematics (stem) toys market market

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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