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Science, Technology, Engineering, and Mathematics Toys Market by Distribution Channel - Forecast and Analysis - 2023-2027

  • Published: Nov 2022
  • Pages: 158
  • SKU: IRTNTR43317
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The science, technology, engineering, and mathematics (STEM) toys market is estimated to grow at a CAGR of 7.12% between 2022 and 2027. The size of the market is forecast to increase by USD 1653.71 million. The growth of the market depends on serval factors, including the growth of a collaborative environment in educational institutions, the Rising adoption of STEM toys as teaching aids, and strong growth in online sales.

This report extensively covers market segmentation by distribution channel (offline and online), type (stem electromechanical systems, stem electronics, and stem robotics), and geography (APAC, North America, Europe, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

 What will the Size of the Science, Technology, Engineering and Mathematics (STEM) Toys Market be During the Forecast Period?

Science, Technology, Engineering and Mathematics (STEM) Toys Market Size

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Parent Market Analysis

The reports categorize the global science, technology, engineering, and mathematics (STEM)  toys market as a part of the global education market (also referred to as the global education services market). The parent global education market covers products, services, and solutions that are offered to educational institutions, corporate institutions, students, parents, individuals, and teachers. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Science, Technology, Engineering and Mathematics (STEM) Toys Market: Key Drivers, Trends, Challenges, and Customer Landscape

The growth of a collaborative environment in educational institutions is notably driving the science, technology, engineering, and mathematics (STEM) toys market growth, although factors such as the intense competition from mobile games may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Science, Technology, Engineering and Mathematics (STEM) Toys Market Driver 

The growth of a collaborative environment in educational institutions is notably driving the science, technology, engineering, and mathematics (STEM) toys market growth. The shift in learning approaches from traditional exam-based education toward a context-oriented approach in educational institutions significantly contributes to the growth of the global science, technology, engineering, and mathematics (STEM) toys market. Adopting STEM toys in classrooms enables teachers and students to link core concepts, such as critical thinking, statistics, creativity, and discussions with game-based learning and practical examples. This enables students to sync their education and learning activities with industry-specific and job-oriented learning.

Several countries are adopting new standards in primary and secondary education to promote a collaborative classroom learning environment. The education sector has witnessed a shift toward an example-oriented, context-based learning approach. Students are encouraged to understand the subject better through practical examples and illustrative designs in classrooms instead of rote memorization and learning. This heightens student participation and learning in STEM subjects.

For instance, the Next Generation Science Standards (NGSS), adopted in the US focuses on learning methods that encourage curiosity and inquiry in science subjects instead of a specific curriculum. This standard includes adopting engineering as a core discipline for students right from the primary education level to promote an inquiry-based, hands-on learning approach. Similarly, the Common Core State Standards (CCSS) in the US emphasizes learning approaches for mathematics. Thus, emphasis on context-based education is expected to continue to drive the global science, technology, engineering, and mathematics (STEM) toys market during the forecast period.

Key Science, Technology, Engineering and Mathematics (STEM) Toys Market Trend

The introduction of subscription services for STEM toys is the primary trend driving the science, technology, engineering, and mathematics (STEM) toys market growth. Many online retailers provide subscription services for STEM toys in addition to retail services. The shift toward context-based education has increased the adoption of STEM toys in the learning environment. Amazon launched its STEM toy club subscription service that focuses on working parents. The company provides a STEM toy that encourages learning about core STEM aspects for a monthly subscription fee. STEM toys are handpicked by STEM experts to ensure safety and compatibility with specific age groups (3-5 years, 5-7 years, and 8-13 years). Subscription services for STEM toys are expected to increase awareness about them and other educational toy products. This will allow vendors to expand their customer base during the forecast period.

Key Science, Technology, Engineering and Mathematics (STEM) Toys Market Challenge

The intense competition from mobile games may impede the science, technology, engineering, and mathematics (STEM) toys market growth. The penetration of mobile devices such as smartphones and tablets has resulted in the emergence of several game-based learning software and applications targeted at kids of different age groups. Technological advances allow these applications to offer user-friendly interfaces, thereby enabling better engagement and operability for students. The availability of easy applications, better graphics, content interactivity, and a range of gaming options is aiding mobile game manufacturers to attract and retain their consumers at a higher rate than traditional toy manufacturers. Many mobile application developers provide a range of interactive learning software for STEM and other disciplines at competitive prices.

For instance, Edoki Academy offers a range of applications that are classified under mathematics, language, creativity, discovery, and bundled packages. Popular offerings from the company include Code Karts and Crazy Gears. Code Karts introduces pre-coding to children aged four and above through a series of logical puzzles presented in a raceway layout. Crazy Gears focuses on machine construction and related gear mechanisms. The prominence of mobile applications and software in STEM learning is expected to hamper the growth of the global science, technology, engineering, and mathematics (STEM)  toys market during the forecast period.

Key Science, Technology, Engineering and Mathematics (STEM) Toys Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Science, Technology, Engineering and Mathematics (STEM) Toys Market Share by Geography

Global Science, Technology, Engineering and Mathematics (STEM) Toys Market Customer Landscape

Who are the Major Science, Technology, Engineering and Mathematics (STEM) Toys Market Vendors?                                     

Vendors 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.

Mindware Inc. - The company offers toys in different categories such as science and nature, technology, creative activities, brain teasers, and others to generate revenue under its unified segment. The company offers science, technology, engineering, and mathematics toys such as Keva Catapult.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • All Star Learning Inc.
  • Elenco Electronics Inc.
  • Evertoys
  • Evollve Inc.
  • Fat Brain Toys LLC.
  • Fun Express LLC
  • Funvention Learning Pvt. Ltd.
  • Johnco
  • Learning Resources Ltd.
  • LEGO System AS
  • Mattel Inc.
  • Melissa and Doug
  • Mindware Inc.
  • Pegasus Toykraft Pvt. Ltd.
  • Scientifics Direct Inc.

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segments in the Science, Technology, Engineering and Mathematics (STEM) Toys Market?

The market share growth by the offline segment will be significant during the forecast period. The offline segment includes specialty stores, department stores, hypermarkets and supermarkets, and general stores that sell STEM toys and remain the primary distribution channels. Globalization has spurred investments in traditional commerce and has subsequently increased the number of specialty toy stores that offer scientific and STEM toys. Several vendors, such as Mattel, Hasbro, and LEGO toys, offer a range of STEM toy products through retail stores, franchise shops, and distributor networks. These stores offer privileges such as special offers and customer loyalty programs for regular customers.

Science, Technology, Engineering and Mathematics (STEM) Toys Market Size

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The offline segment showed a gradual increase in market share with USD 2315.80 million in 2017 and continued to grow by 2021. Using offline distribution channels helps manufacturers of STEM toys achieve efficient product distribution practices and reduce sales and distribution costs. Manufacturers prefer the offline distribution channel despite the difficulties of the mode. This is because offline distribution channels allow buyers to test the toys before making a purchase, which is not the case with the online channel. Such factors are driving the growth of the offline segment in the global science, technology, engineering, and mathematics (STEM)  toys market during the forecast period.

Which are the Key Regions for the Science, Technology, Engineering and Mathematics (STEM) Toys Market?

Science, Technology, Engineering and Mathematics (STEM) Toys Market Share by Geography

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APAC is projected to contribute 39% by 2027. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

APAC is the fastest-growing region in the global science, technology, engineering, and mathematics (STEM)  toys market, with China, Japan, South Korea, and India being the leading revenue-generating countries. The science, technology, engineering, and mathematics (STEM) toys market in APAC will be bolstered by growing disposable incomes, increasing consumer awareness about various STEM toy brands, and the growing willingness of parents to spend money on STEM toys for their children for educational purposes. The growth in demand for licensed products based on popular movies and television shows will also have a positive impact on the science, technology, engineering, and mathematics (STEM) toys market in APAC during the forecast period. 

The outbreak of COVID-19 in the region led to the closure of production plants for STEM toys in the Q1 and Q2 of 2020 in several countries. However, in 2021, with the lifting of lockdowns in most countries in the region, the regional science, technology, engineering, and mathematics (STEM) toys market recovered due to the initiation of vaccination drives and the reopening of educational institutions. In APAC, a higher emphasis is given to academic toys for training hand-eye coordination, learning new words and pronunciation, and stimulating logical thinking. In addition, parents buy different types of toys to stimulate children's cognitive development. As a result, parents and schools are increasingly opting for smart and interactive STEM toys. Such factors are expected to boost the growth of the regional science, technology, engineering, and mathematics (STEM)  toys market during the forecast period.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by distribution channel, type, and region.

  • Distribution Channel Outlook ( USD Million, 2017 - 2027)
    • Offline
    • Online
  • Type Outlook ( USD Million, 2017 - 2027)
    • STEM electromechanical systems
    • STEM electronics
    • STEM robotics
  • Region Outlook ( USD Million, 2017 - 2027)
    • APAC
      • China
      • India
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Brazil
      • Argentina

Science, Technology, Engineering and Mathematics (STEM) Toys Market Scope

Report Coverage

Details

Page number

158

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 7.12%

Market growth 2023-2027

USD 1653.71 million

Market structure

Fragmented

YoY growth (%)

6.18

Regional analysis

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

Performing market contribution

APAC at 39%

Key countries

US, Canada, Japan, China, and France

Competitive landscape

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

Key companies profiled

All Star Learning Inc., Elenco Electronics Inc., Evertoys, Evollve Inc., Fat Brain Toys LLC., Fun Express LLC, Funvention Learning Pvt. Ltd., Johnco, Learning Resources Ltd., LEGO System AS, Mattel Inc., Melissa and Doug, Mindware Inc., Pegasus Toykraft Pvt. Ltd., Scientifics Direct Inc., Smartivity Labs Pvt. Ltd., Spin Master Corp., Tangible Play Inc., Timbuk Toys, and Xinxiang Alpha Manufacturing Ltd. 

Market dynamics

Parent market analysis, 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 forecast period.

Customization purview

If our 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 Science, Technology, Engineering and Mathematics (STEM) Toys Market Report?

  • CAGR of the market during the forecast period.
  • Detailed information on factors that will drive the growth of the market between 2023 and 2027
  • Precise estimation of the science, technology, engineering and mathematics (stem) toys market size and its contribution of the market in focus on the parent market.
  • Accurate predictions about upcoming trends and changes in consumer behavior.
  • Growth of the market industry 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 vendors.
  • Comprehensive analysis of factors that will challenge the growth of science, technology, engineering and mathematics (STEM) toys market vendors.

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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 Distribution Channel
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global science, technology, engineering and mathematics (STEM) toys market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global science, technology, engineering and mathematics (STEM) toys market 2017 - 2021 ($ million)
    • 4.2 Geography Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.3 Distribution channel Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Distribution channel Segment 2017 - 2021 ($ million)
    • 4.4 Type Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Type Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Distribution Channel

    • 6.1 Market segments
      • Exhibit 30: Chart on Distribution Channel - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Distribution Channel - Market share 2022-2027 (%)
    • 6.2 Comparison by Distribution Channel
      • Exhibit 32: Chart on Comparison by Distribution Channel
      • Exhibit 33: Data Table on Comparison by Distribution Channel
    • 6.3 Offline - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Offline - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Offline - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Offline - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Offline - Year-over-year growth 2022-2027 (%)
    • 6.4 Online - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Online - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Online - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Online - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Online - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by Distribution Channel
      • Exhibit 42: Market opportunity by Distribution Channel ($ million)

    7 Market Segmentation by Type

    • 7.1 Market segments
      • Exhibit 43: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 44: Data Table on Type - Market share 2022-2027 (%)
    • 7.2 Comparison by Type
      • Exhibit 45: Chart on Comparison by Type
      • Exhibit 46: Data Table on Comparison by Type
    • 7.3 STEM electromechanical systems - Market size and forecast 2022-2027
      • Exhibit 47: Chart on STEM electromechanical systems - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Data Table on STEM electromechanical systems - Market size and forecast 2022-2027 ($ million)
      • Exhibit 49: Chart on STEM electromechanical systems - Year-over-year growth 2022-2027 (%)
      • Exhibit 50: Data Table on STEM electromechanical systems - Year-over-year growth 2022-2027 (%)
    • 7.4 STEM electronics - Market size and forecast 2022-2027
      • Exhibit 51: Chart on STEM electronics - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Data Table on STEM electronics - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Chart on STEM electronics - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on STEM electronics - Year-over-year growth 2022-2027 (%)
    • 7.5 STEM robotics - Market size and forecast 2022-2027
      • Exhibit 55: Chart on STEM robotics - Market size and forecast 2022-2027 ($ million)
      • Exhibit 56: Data Table on STEM robotics - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Chart on STEM robotics - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on STEM robotics - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by Type
      • Exhibit 59: Market opportunity by Type ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 61: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 62: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 63: Chart on Geographic comparison
      • Exhibit 64: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 65: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 66: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 67: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 68: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 North America - Market size and forecast 2022-2027
      • Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 Japan - Market size and forecast 2022-2027
      • Exhibit 89: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 90: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 91: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.10 China - Market size and forecast 2022-2027
      • Exhibit 93: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 94: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.11 France - Market size and forecast 2022-2027
      • Exhibit 97: Chart on France - Market size and forecast 2022-2027 ($ million)
      • Exhibit 98: Data Table on France - Market size and forecast 2022-2027 ($ million)
      • Exhibit 99: Chart on France - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on France - Year-over-year growth 2022-2027 (%)
    • 9.12 Canada - Market size and forecast 2022-2027
      • Exhibit 101: Chart on Canada - Market size and forecast 2022-2027 ($ million)
      • Exhibit 102: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
      • Exhibit 103: Chart on Canada - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on Canada - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 105: Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 106: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 107: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 108: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 109: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 110: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 111: Matrix on vendor position and classification
            • 12.3 All Star Learning Inc.
              • Exhibit 112: All Star Learning Inc. - Overview
              • Exhibit 113: All Star Learning Inc. - Product / Service
              • Exhibit 114: All Star Learning Inc. - Key offerings
            • 12.4 Elenco Electronics Inc.
              • Exhibit 115: Elenco Electronics Inc. - Overview
              • Exhibit 116: Elenco Electronics Inc. - Product / Service
              • Exhibit 117: Elenco Electronics Inc. - Key offerings
            • 12.5 Evertoys
              • Exhibit 118: Evertoys - Overview
              • Exhibit 119: Evertoys - Product / Service
              • Exhibit 120: Evertoys - Key offerings
            • 12.6 Evollve Inc.
              • Exhibit 121: Evollve Inc. - Overview
              • Exhibit 122: Evollve Inc. - Product / Service
              • Exhibit 123: Evollve Inc. - Key offerings
            • 12.7 Fat Brain Toys LLC.
              • Exhibit 124: Fat Brain Toys LLC. - Overview
              • Exhibit 125: Fat Brain Toys LLC. - Product / Service
              • Exhibit 126: Fat Brain Toys LLC. - Key offerings
            • 12.8 Fun Express LLC
              • Exhibit 127: Fun Express LLC - Overview
              • Exhibit 128: Fun Express LLC - Product / Service
              • Exhibit 129: Fun Express LLC - Key offerings
            • 12.9 Funvention Learning Pvt. Ltd.
              • Exhibit 130: Funvention Learning Pvt. Ltd. - Overview
              • Exhibit 131: Funvention Learning Pvt. Ltd. - Product / Service
              • Exhibit 132: Funvention Learning Pvt. Ltd. - Key offerings
            • 12.10 Johnco
              • Exhibit 133: Johnco - Overview
              • Exhibit 134: Johnco - Product / Service
              • Exhibit 135: Johnco - Key offerings
            • 12.11 Learning Resources Ltd.
              • Exhibit 136: Learning Resources Ltd. - Overview
              • Exhibit 137: Learning Resources Ltd. - Product / Service
              • Exhibit 138: Learning Resources Ltd. - Key offerings
            • 12.12 LEGO System AS
              • Exhibit 139: LEGO System AS - Overview
              • Exhibit 140: LEGO System AS - Product / Service
              • Exhibit 141: LEGO System AS - Key news
              • Exhibit 142: LEGO System AS - Key offerings
            • 12.13 Mattel Inc.
              • Exhibit 143: Mattel Inc. - Overview
              • Exhibit 144: Mattel Inc. - Product / Service
              • Exhibit 145: Mattel Inc. - Key offerings
            • 12.14 Melissa and Doug
              • Exhibit 146: Melissa and Doug - Overview
              • Exhibit 147: Melissa and Doug - Product / Service
              • Exhibit 148: Melissa and Doug - Key offerings
            • 12.15 Mindware Inc.
              • Exhibit 149: Mindware Inc. - Overview
              • Exhibit 150: Mindware Inc. - Product / Service
              • Exhibit 151: Mindware Inc. - Key offerings
            • 12.16 Pegasus Toykraft Pvt. Ltd.
              • Exhibit 152: Pegasus Toykraft Pvt. Ltd. - Overview
              • Exhibit 153: Pegasus Toykraft Pvt. Ltd. - Product / Service
              • Exhibit 154: Pegasus Toykraft Pvt. Ltd. - Key offerings
            • 12.17 Xinxiang Alpha Manufacturing Ltd.
              • Exhibit 155: Xinxiang Alpha Manufacturing Ltd.  - Overview
              • Exhibit 156: Xinxiang Alpha Manufacturing Ltd.  - Product / Service
              • Exhibit 157: Xinxiang Alpha Manufacturing Ltd.  - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 158: Inclusions checklist
                • Exhibit 159: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 160: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 161: Research methodology
                • Exhibit 162: Validation techniques employed for market sizing
                • Exhibit 163: Information sources
              • 13.5 List of abbreviations
                • Exhibit 164: 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.

              TechnavioINFORMATION 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
              Technavio

              TechnavioDATA 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
              Technavio

              TechnavioREPORT 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 growth will increase by $1653.71 million during 2023-2027.
              The science, technology, engineering and mathematics (stem) toys market is expected to grow at a CAGR of 7.12% during 2023-2027.
              Technavio has segmented the science, technology, engineering and mathematics (stem) toys market by distribution channel (Offline and Online) ,type (STEM electromechanical systems, STEM electronics, STEM robotics, MEA, and South America) , and geography (APAC, North America, Europe, Middle East and Africa, and South America).
              All Star Learning Inc., Elenco Electronics Inc., Evertoys, Evollve Inc., Fat Brain Toys LLC., Fun Express LLC, Funvention Learning Pvt. Ltd., Johnco, Learning Resources Ltd., LEGO System AS, Mattel Inc., Melissa and Doug, Mindware Inc., Pegasus Toykraft Pvt. Ltd., Scientifics Direct Inc., Smartivity Labs Pvt. Ltd., Spin Master Corp., Tangible Play Inc., Timbuk Toys, Xinxiang Alpha Manufacturing Ltd.  are a few of the key vendors in the science, technology, engineering and mathematics (stem) toys market.
              APAC will register the highest growth rate of 39.35% among the other regions. Therefore, the science, technology, engineering and mathematics (stem) toys market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the science, technology, engineering and mathematics (stem) toys market growth are:
              • Growth of collaborative environment in educational institutions
              • Introduction of subscription services for STEM toys
              The science, technology, engineering and mathematics (stem) toys market vendors should focus on grabbing business opportunities from the offline segment as it accounted for the largest market share in the base year.
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