0

Science, Technology, Engineering, and Mathematics Toys Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025

  • Published: Apr 2021
  • Pages: 120
  • SKU: IRTNTR43317
Technavio

Enjoy complimentary customisation on priority with our Enterprise License!

Get me the latest version! (includes COVID-19 impact)
Safe and Secure SSL Encrypted

info
close
  • Single:

    One user only.
    Quick & easy download option

  • Enterprise:

    Unlimited user access (Within your organization)
    Complimentary Customization Included

2500 USD

The science, technology, engineering, and mathematics (STEM) toys market share is expected to increase by USD 964.09 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 5%.

This science, technology, engineering, and mathematics (STEM) toys market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers science, technology, engineering, and mathematics (STEM) toys market segmentation by distribution channel (offline and online) and geography (APAC, North America, Europe, MEA, and South America). The science, technology, engineering, and mathematics (STEM) toys market report also offers information on several market vendors, including Elenco Electronics Inc., Hasbro Inc., Johnco Productions Pty Ltd., Learning Resources Ltd., LEGO SySTEM AS, Mattel Inc., Melissa & Doug LLC, Ravensburger AG, Smartivity Labs Pvt. Ltd., and Spin Master Corp. among others.

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

Science, Technology, Engineering, and Mathematics Toys Market Size

Download the Free Report Sample to Unlock the Science, Technology, Engineering, and Mathematics (STEM) Toys Market Size for the Forecast Period and Other Important Statistics

 

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

Based on our research output, there has been a positive impact on the market growth during and post-COVID-19 era. 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 intense competition from mobile games may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the science, technology, engineering, and mathematics (STEM) toys industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

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

One of the key factors driving the science, technology, engineering, and mathematics (STEM) toys market growth is the advancement of collaborative environment in educational institutions. 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 market. The adoption of STEM toys in classrooms enables teachers and students to link core concepts such as critical thinking, statistics, creativity, and argumentation with game-based learning and practical examples. This enables students to sync their education and learning activities with industry-specific and job-oriented learning. The education sector has witnessed a shift towards an example-oriented, context-based learning approach. Students are encouraged to understand the subject better through practical examples and illustrative designs in classrooms, as opposed to rote memorization. Thus, emphasis on context-based education is expected to continue to drive the market during the forecast period. 

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

The introduction of subscription services for STEM toys is another factor supporting the science, technology, engineering, and mathematics (STEM) toys market share 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 with a focus on working parents. The company provides a STEM toy that encourages learning about core STEM aspects, for a chargeable monthly subscription fee. STEM toys are handpicked by STEM experts to ensure safety and compatibility to 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 educational toy products. This will offer vendors the potential to expand their customer base. For instance, in September 2019, JOANN and GoldieBlox offered a plan to sign up for the GoldieBlox Box, a monthly craft subscription box to encourage the development of STEM skills in kids.

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

The intense competition from mobile games will be a major challenge for the science, technology, engineering, and mathematics (STEM) toys market during the forecast period. 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 use of easy applications, better graphics, and content interactivity, and a range of gaming options will help mobile game manufacturers 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. The prominence of mobile applications and software in STEM learning is expected to hamper the growth of the market.

This science, technology, engineering, and mathematics (STEM) toys market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the science, technology, engineering, and mathematics (STEM) toys market as a part of the global education services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the science, technology, engineering, and mathematics (STEM) toys market during the forecast period.

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

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Elenco Electronics Inc.
  • Hasbro Inc.
  • Johnco Productions Pty Ltd.
  • Learning Resources Ltd.
  • LEGO SySTEM AS
  • Mattel Inc.
  • Melissa & Doug LLC
  • Ravensburger AG
  • Smartivity Labs Pvt. Ltd.
  • Spin Master Corp.

 

This statistical study of the science, technology, engineering, and mathematics (STEM) toys market encompasses successful business strategies deployed by the key vendors. The science, technology, engineering, and mathematics (STEM) toys market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Elenco Electronics Inc. - The company offers a range of STEM toys such as the Snap Circuits Beginner, Snap Circuits Jr., Snap Circuits Select, and other toys.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The science, technology, engineering, and mathematics (STEM) toys market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Science, Technology, Engineering, and Mathematics (STEM) Toys Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the science, technology, engineering, and mathematics (STEM) toys market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.

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

Science, Technology, Engineering, and Mathematics Toys Market Market segmentation by region

For more insights on the market share of various regions Request for a FREE sample now!

35% of the market's growth will originate from APAC during the forecast period. Japan and China are the key markets for science, technology, engineering, and mathematics (STEM) toys in APAC. Market growth in this region will be faster than the growth of the market in other regions.

Parents and teachers encourage context-based learning over traditional exam-oriented learning for students in classrooms and related learning environments. This will facilitate the science, technology, engineering, and mathematics (STEM) toys market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Distribution Channel Segments in the Science, Technology, Engineering, and Mathematics (STEM) Toys Market?

Science, Technology, Engineering, and Mathematics Toys Market Segmentation

To gain further insights on the market contribution of various segments Request for a FREE sample

The science, technology, engineering, and mathematics (STEM) toys market share growth by the offline segment will be significant during the forecast period. Globalization has spurred investments in traditional commerce and has subsequently increased the number of specialty toy stores providing scientific and educational toys. Customers with impulsive buying behavior prefer to shop STEM toys from the offline channel as they can make an immediate purchase and get possession of the product on the spot after making the purchase. The changing learning approach in educational institutes, i.e., a shift from traditional exams to a concept-oriented approach, has played a major role in the growth of the STEM toy market during 2020 and is expected to grow during the forecast period. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the science, technology, engineering, and mathematics (STEM) toys market size and actionable market insights on the post-COVID-19 impact on each segment.

 

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

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 5%

Market growth 2021-2025

$ 964.09 million

Market structure

Fragmented

YoY growth (%)

3.86

Regional analysis

APAC, North America, Europe, MEA, and South America

Performing market contribution

APAC at 35%

Key consumer countries

US, Japan, China, France, and Canada

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Elenco Electronics Inc., Hasbro Inc., Johnco Productions Pty Ltd., Learning Resources Ltd., LEGO SySTEM AS, Mattel Inc., Melissa & Doug LLC, Ravensburger AG, Smartivity Labs Pvt. Ltd., and Spin Master Corp.

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 the 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.

Request for a FREE sample

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 2021-2025
  • Detailed information on factors that will drive science, technology, engineering, and mathematics (STEM) toys market growth during the next five years
  • Precise estimation of the science, technology, engineering, and mathematics (STEM) toys market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the science, technology, engineering, and mathematics (STEM) toys industry across APAC, North America, Europe, MEA, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of science, technology, engineering, and mathematics (STEM) toys market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five Forces Summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Distribution channel

    • Market segments
    • Comparison by Distribution channel
    • Offline - Market size and forecast 2020-2025
    • Online - Market size and forecast 2020-2025
    • Market opportunity by Distribution channel

    Customer Landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Elenco Electronics Inc.
      • Hasbro Inc.
      • Johnco Productions Pty Ltd.
      • Learning Resources Ltd.
      • LEGO System AS
      • Mattel Inc.
      • Melissa & Doug LLC
      • Ravensburger AG
      • Smartivity Labs Pvt. Ltd.
      • Spin Master Corp.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • 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
      Interested in this report?
      Get your sample now!
      Science, Technology, Engineering and Mathematics (STEM) Toys Market market growth will increase by $964.09 mn during 2021-2025.
      The science, technology, engineering and mathematics (stem) toys market market is expected to grow at a CAGR of 5% during 2021-2025.
      Technavio has segmented the science, technology, engineering and mathematics (stem) toys market market by distribution channel (offline and online) ,geography (APAC, North America, Europe, MEA, and South America) , and geographic (APAC, North America, Europe, MEA, and South America).
      Elenco Electronics Inc., Hasbro Inc., Johnco Productions Pty Ltd., Learning Resources Ltd., LEGO System AS, Mattel Inc., Melissa & Doug LLC, Ravensburger AG, Smartivity Labs Pvt. Ltd., Spin Master Corp. are a few of the key vendors in the science, technology, engineering and mathematics (stem) toys market market.
      APAC will register the highest growth rate of 35% among the other regions. Therefore, the science, technology, engineering and mathematics (stem) toys market 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 market growth are:
      • advancement of collaborative environment in educational institutions
      • introduction of subscription services for STEM toys
      The science, technology, engineering and mathematics (stem) toys market market vendors should focus on grabbing business opportunities from the offline segment as it accounted for the largest market share in the base year.
      • 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?
      • Off-the-shelf research reports
      • Reports can be tailored to meet the customer's needs
      • Trusted by more than 100 fortune 500 organizations
      • Information about the market's key drivers, trends, and challenges
      • Parent market analysis
      • Every week, 50,000 people visit our subscription platform
      • Detailed vendors report with competitive landscape
      • Covid-19 impact and recovery analysis
      • Data on revenue-generating market segments
      • Details on the market shares of various regions
      • Five-force market analysis

      Certified ISO 9001 : 2015

      We are ISO recognized

      We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.

      We are GDPR and CCPA compliant

      We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.

      Safe and Secure SSL Encrypted
      Technavio

      info
      close
      • Single:

        One user only.
        Quick & easy download option

      • Enterprise:

        Unlimited user access (Within your organization)
        Complimentary Customization Included

      2500 USD

      Technavio Get the report (PDF) sent to your email within minutes.

      Subscribe & Save

      Get lifetime access to our
      Technavio Insights

      Customized Report as per your Business Needs

      • Our analysts will work directly with you and understand your needs
      • Get data on specified regions or segments, competitor and Vendors
      • Data will be formatted and presented as per your requirements
      • We offer $1000 worth of FREE customization at the time of purchase

      Let us help you make report more suited to your requirements.

      • Get a competitive breakdown as per your niche industry
      • Customize the data with various metrics that meet your business prerequisite
      • Understand Revenue Sources, Customers and many more
      • Details on Market Share
      • These customizations are done in a short amount of time by our analysts and industry experts
      Technavio
      Enquire Before Buying
      17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>