Demand for smart toys is on the rise due to its user
engaging property. Smart Toys are electronic component embedded toys that have
their own intelligence and behaves according to the environmental stimuli. It
enables to reduce the smartphone industry threat by using artificial
intelligence to attract children. Many smart toys like Spin Master's
interactive Luvabella baby doll, Hasbro's Bluetooth-connected Furreal motorized
pet, Barbie's futuristic hologram Barbie, Lego's app-based coding playset and
Mattel "smart" baby monitor have been launched.
THE BUSINESS RESEARCH COMPANY VALUED THE DOLL, TOY, AND GAME
MANUFACTURING MARKET AT $190 BILLION IN 2017
Asia Pacific was the largest
geographic region in the global doll, toy, and game manufacturing market, accounting
for half of the global market share.
Read report: https://www.thebusinessresearchcompany.com/report/doll-toy-and-game-manufacturing-global-market-report-2018
According to The Business
Research Company’s Consultant, Nitin Gianchandani, the market is witnessing a growth in board games. The
interest in board games is not only restricted to a
particular age group, but
rather can be seen across various age groups.
The Lego Group was the largest company in the global
doll, toy, and game manufacturing market,
with revenues of $37.9 billion
in the year 2016. The Lego Group’s
growth strategy is focusing on creating
innovative new products from concepts developed under the title "Obviously
LEGO, never seen before." The company plans to come up with such concepts
every two to three years. The company also intends to expand LEGO Education,
its division that works with schools and kindergartens. And it will develop its
digital business as the difference between the physical world and the digital
world becomes more and more blurred and less and less relevant for children.
Doll, Toy, And Game Manufacturing
Global Market Report 2018 is a detailed report giving a unique
insight into
this market. The report is priced at $4000 for an individual user. To use
across your office, the price is $6000 and $8000 if you wish to use across a
multinational company.
About The Business Research Company
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