Science, Technology, Engineering and Mathematics (STEM) Toys Market Analysis Highlights the Impact of COVID-19 (2020-2024) | Introduction of Subscription Services for STEM Toys to Boost the Market Growth | Technavio – Digitalmunition




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Published on August 6th, 2020 📆 | 4378 Views ⚑

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Science, Technology, Engineering and Mathematics (STEM) Toys Market Analysis Highlights the Impact of COVID-19 (2020-2024) | Introduction of Subscription Services for STEM Toys to Boost the Market Growth | Technavio

LONDON–(BUSINESS WIRE)–Technavio has been monitoring the science, technology, engineering and mathematics (STEM) toys market and it is poised to grow by USD 473.78 mn during 2020-2024, progressing at a CAGR of over 2% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions:

  • What is a major trend in the market?

    Growing popularity of coding robot toys is a major trend driving the market growth.
  • At what rate is the market projected to grow?

    The year-over-year growth for 2020 is estimated at 1.92% and the incremental growth of the market is anticipated to be $ 473.78 mn during the forecast period.
  • Who are the top players in the market?

    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, are some of the major market participants
  • What is the key market driver?

    Introduction of subscription services for STEM toys is the major factor driving the market
  • How big is the APAC market?

    The APAC region will contribute 36% of the market share

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 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. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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The introduction of subscription services for STEM toys has been instrumental in driving the growth of the market.

Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Science, Technology, Engineering and Mathematics (STEM) Toys Market 2020-2024: Segmentation

Science, Technology, Engineering and Mathematics (STEM) Toys Market is segmented as below:

  • Distribution Channel
  • Geography

    • APAC
    • North America
    • Europe
    • MEA
    • South America

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43317

Science, Technology, Engineering and Mathematics (STEM) Toys Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The science, technology, engineering and mathematics (STEM) toys market report covers the following areas:

  • Science, Technology, Engineering and Mathematics (STEM) Toys Market Size
  • Science, Technology, Engineering and Mathematics (STEM) Toys Market Trends
  • Science, Technology, Engineering and Mathematics (STEM) Toys Market Industry Analysis

This study identifies the growing popularity of coding robot toys as one of the prime reasons driving the science, technology, engineering and mathematics (STEM) toys market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Science, Technology, Engineering and Mathematics (STEM) Toys Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist science, technology, engineering and mathematics (STEM) toys market growth during the next five years
  • Estimation of the science, technology, engineering and mathematics (STEM) toys market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the science, technology, engineering and mathematics (STEM) toys market
  • 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

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 – 2024

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 2019-2024
  • Online – Market size and forecast 2019-2024
  • Market opportunity by Distribution channel

Customer Landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC – Market size and forecast 2019-2024
  • North America – Market size and forecast 2019-2024
  • Europe – Market size and forecast 2019-2024
  • MEA – Market size and forecast 2019-2024
  • South America – Market size and forecast 2019-2024
  • 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

     

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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