United States Arts and Crafts Toys Market to Grow at 7.38% CAGR through 2027

United States arts and crafts toys market is anticipated to register growth during the forecast period due to increasing population in the country.

According to TechSci report on, “United States Arts and Crafts Toys Market - By Region, Competition Forecast & Opportunities, 2027”. United States arts and crafts toys market is expected to grow at a CAGR of 7.38% during the forecast period of 2023-2027, to achieve a market value of USD1.91 billion by 2027. The growing population of the country is largely responsible for the growth of the United States arts and crafts toys market in the upcoming five years. Rising concerns among the parents toward child development and providing educational toys and games to influence better mental and psychological development further support the growth of the United States arts and crafts toys market in the next five years. Due to the recent pandemic situation, the demands for recreational and educational toys are further growing in demands thereby aiding the growth of the United States arts and crafts toys market in the future five years. With the lockdown regulations, the schools and educational centers have been shut down, and the demand for educational and recreational arts and crafts toys has increased, thereby substantiating the growth of the United States arts and crafts toys market in the forecast years through 2027.

 

In 2021, retail sales of arts and crafts in the United States amounted to approximately USD1.2 billion. Additionally, the growing popularity of DIY (do it yourself) activities also supports market growth. These toys allow children to grow and gain their intellect and have fun, play, and enjoy family time, which also aids the growing demands for the arts and crafts toys.

 



Browse over 22 market data Figures spread through 74 Pages and an in-depth TOC on "United States Arts And Crafts Toys Market"

https://www.techsciresearch.com/report/united-states-arts-and-crafts-toys-market/10569.html

 

The United States arts and crafts toys market segmentation is based on type, distribution channel, region, top leading states, and competitive landscape. Based on type, the market is further fragmented into categories like design kits-reusable, painting & drawing kits, boards, clay & dough, and others ({building & construction toys, molding & sculpture toys, etc.}. The painting and drawing kits segment is anticipated to register the fastest growing CAGR of 8.38% in the upcoming five years. The market shares of the segment are also expected to grow significantly on the grounds of increasing demands from the children. Increasing inclination of the kids toward exploration of artistic evolution further supports the growth of the painting and drawing kits segment that also aids the growth of the United States arts and crafts toys market in the future five years. Furthermore, the influence of social media and the growing popularity of nature and cartoon-based paintings enlightening the kids with psychological development also substantiates the growth of the United States arts and crafts toys market in the forecast years through 2027.

 

The market is segmented into toy shops, supermarkets/hypermarkets, online, and others {stationery stores, gift shops, kiosks, etc.}, based on the distribution channel. Offline sources like supermarkets/ hypermarkets and toy shops are expected to gain substantial growth in the future years. Toy shops are expected to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years on the grounds of the influence local shops have on the neighboring consumers. Also, the growing infrastructural facilities related to specialty toys would drive the growth of the segment in the future five years. The market analysis also studies the regions of the United States, such as the South, North-West, West, and Mid-West.

 

A partial list of major market players in the United States arts and crafts toys market includes:

  • Crayola LLC
  • Hasbro, Inc.
  • Spin Master Inc.
  • Mattel, Inc.
  • U.S. Toy Co., Inc.
  • Tomy International, Inc.
  • Channel Craft
  • VTech Holdings Limited
  • Fat Brain Toys, LLC
  • Faber-Castell USA, Inc.

 

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“Surging demand for educational and recreational games and toys are expected to drive the growth of the market. Regions with higher populations along with rising population over the country further support the growth of the United States arts and crafts toys market in the upcoming five years. The growing e-commerce sector and surging demand for online shopping also facilitated the growth of the market. The pandemic situation enhanced the e-commerce sector since the online delivery demands further increased and thereby supporting the growth of the United States arts and crafts toys market in the future five years.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

 

United States Arts and Crafts Toys Market By Type (Design Kits-Reusable, Painting & Drawing Kits, Boards, Clay & Dough and Others ({Building & Construction Toys, Molding & Sculpture Toys, etc.}), By Distribution Channel (Toy Shops, Supermarkets/Hypermarkets, Online, and Others {Stationery Stores, Gift Shops, Kiosks, etc.}), By Region (South, West, Mid-West, North-East), By Top Leading States, Competition, Forecast & Opportunities, 2017-2027 has evaluated the future growth potential of United States arts and crafts toys market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in United States arts and crafts toys market.

 

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  • Marco Brown
    published this page in Submit Content 2022-11-02 23:53:58 -0700

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