The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

According to The Business Research Company’s Construction Toys Global Market Report 2023, the global construction toys market is expected to grow from $9.59 billion in 2022 to $10.17 billion in 2023 at a compound annual growth rate (CAGR) of 6.0%. The market size of global construction toys is expected to grow to $12.97 billion in 2027 at a CAGR of 6.3%.

North America held the largest construction toys market share, and Asia-Pacific was the fastest-growing region in 2022.

Construction Toys Market Driver

A rise in disposable income is expected to propel the growth of the construction toys market in the forecast period. An increase in disposable income is fuelling a healthy surge in leisure spending across the world, with an increase in disposable income, consumers are willing to invest to boost their standard of living, resulting in the purchase of a vast range of consumer products and recreational products such as toys. For example, in the USA, disposable personal income rose from $14,974 billion in 2019 to $17,515.2 billion in 2020. The rise in per capita net disposable income led customers to increase their spending on toys and games, which in turn boosted the demand for construction toys, driving the construction toys market growth.

View More On The Construction Toys Market Report 2023 – https://www.thebusinessresearchcompany.com/report/construction-toys-global-market-report

Key Construction Toys Market Segments

1) By Product: Bricks & Blocks, Tinker Toy, Other Products

2) By Raw Material: Wood, Polymer, Metal, Other Raw Materials

3) By Distribution Channel: Supermarkets & Hypermarkets, Convenience Stores, Online

Construction Toys Market Prominent Players

Major players in the construction toys market are Continental AG, Denso, Magna International, Robert Bosch, NXP Semiconductors, Panasonic, Renesas Electronics, Texas Instruments, Hyundai Mobis, ZF Friedrichshafen, Mobileye, Autoliv Inc, Nvidia, Hitachi, and TRW Automotive Holdings Corp.

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Prominent Construction Toys Market Trend

Product innovation is a key trend gaining popularity in the food diagnostics market. Major companies operating in the food diagnostics market are adopting new technologies to sustain their position in the market. For instance, in October 2020, Neogen Corporation, a US-based food safety company, launched Reveal 3-D Food Buffer, a new food extraction method. This novel method gives their 3-D test users more flexibility by expanding test capabilities to include direct testing of food products, and it has been verified on a wide range of food matrices. This method is applicable to all allergies and product kinds, and it employs a representative sampling protocol, which ensures confidence of results. The approach is simple to implement with Reveal 3-D detection limits.

The Construction Toys Global Market Report 2023  provides comprehensive insights on the construction toys market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the construction toys market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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