Stuffed & Plush Toys Market Segmented By Cartoon Toys, Traditional Stuffed Animals, Battery Operated, Action Figures and Model Play, Dolls and Playsets, Customizable Stuffed Animals in Synthetic, Natural, Eco Friendly, Organic and Blended Material
Industry: Consumer Goods
Published Date: November-2017
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 170
Report ID: PMRREP20320
With the growing population of children, demand for the stuffed & plush toys will continue to increase in the global market. Increasing demand for comfort and soft creature toys has led the manufacturers to opt for sponge, fur clothing and cotton for the production of stuffed toys. Prevalence of various disease and illness is further expected to impact growth of the global stuffed & plush market positively. Manufacturing companies are increasingly focusing on product development and innovation in synch with the imposed regulations in order to gain a competitive edge over other market players.
According to Persistence Market Research, the global stuffed & plush toys market is expected to represent a value of over US$ 11,000 Mn by the end of 2026.
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(Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)
Demand for the stuffed & plush toys is mainly bound to surge in the number of occasions and events globally. Birthdays, valentine’s day, Christmas and new year are some of the occasions that will continue to boost sales of the stuffed & plush toys in the global market. With the increasing number of traditional occasions, manufacturers are focusing on offering festive toys in the global market. Moreover, increasing number of puppet shows is expected to rev up sales of the stuffed & plush toys in the global market.
Stuffed toys that are manufactured with fur have the tendency to capture germs and bacteria. As the stuffed toys are becoming a breeding ground for bacteria and germs, demand for toys manufactured with fabric material is expected to rev up sales significantly. Moreover, manufacturing companies are increasingly focusing on offering toy products manufactured with natural filling. Bound to these factors, demand for the stuffed & plush toys market is expected to remain high during the forecast period.
Growing prevalence of neurological diseases will continue to impact growth of the global stuffed & plush toys market significantly. Stuffed & plush toys helps the patients of neurological diseases such as dementia and Alzheimer’s disease to regain childlike behavior, which helps in improving their memory.
Moreover, stuffed & plush toys also help the neurological patients to feel relaxed and happy, which in turn improves their chances of recovering. Increasing demand for stuffed & plush toys among the neurological patients will continue to contribute towards growth of the global market.
Increasing collaborations and product launches will continue to impact growth of the global stuffed & plush toys market positively. As manufacturers are mainly focusing on product innovation and development in order to offer products equipped with safety and advanced features. With increasing availability of the stuffed and plush toys that are equipped with advanced features such as GPS trackers and sensors.
Through these features the guardians or parents can conveniently children and infants. In order to gain a competitive edge over the other market players, the manufacturing companies are entering into collaborations to offer innovative products.
However, growing need to comply with various compliances is expected to impact growth of the global stuffed & plush toys market significantly. Several federal and state regulations imposed has led to stringent checking of the stuffed & plush toys before the launch. Moreover, imposition of safety regulations by the Federal Trade Commission regarding the safe manufacturing of the stuffed toy products is likely to boost sales globally. These factors are expected to contribute towards growth of the global stuffed & plush toys market.
As preference for playing with stuffed toys increases, demand for the dolls & playsets is expected to remain high in the global market. On the basis of product type, the dolls & playsets segment is expected to represent the highest revenue growth, accounting for a value of over US$ 900 Mn by the end of 2026. On the other hand, the special feature plush and puppets product type segment is expected to register a robust CAGR during the forecast period.
Based on sales channel, the hyper/super market segment is expected generate significant revenues, recording a value of over US$ 500 Mn by the end of 2017. However, the other sales channel (electronic and video stores, gift shops) segment is expected to register a healthy CAGR through 2026.
By stuffing materials, the synthetic toy fillings segment is expected to witness robust revenue growth, accounting for a value of over US$ 1,100 Mn by the end of 2026. In contrary, the organic toy stuffing materials segment is expected to register a significant CAGR throughout the forecast period.
Leading market players operating in the global stuffed & plush toys market include Mattel, Bandai, Lego, Hasbro, Simba-Dickie Group, Spin Master Ltd, Budsies, GIANTmicrobes, Build-A-Bear Workshop, Inc. and Ty Inc.
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