Germany Toys Market Overview:
The Germany toys market is projected to exhibit a growth rate (CAGR) of 7.50% during 2024-2032. Significant technological advancements, increasing sale of STEM toys, rising disposable income of consumers, and the expanding purchasing power of people represent some of the key factors driving the growth of the market.
Report Attribute
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Key Statistics
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Base Year
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2023 |
Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Growth Rate (2024-2032) |
7.50% |
Germany Toys Market Trends:
Technological Advancements
The major factors leading the Germany toys market are technological advancements and innovations. Traditional toys are increasingly being replaced by new toys integrated with interactive tools like augmented reality (AR), along with other educational elements. Such innovations are attracting the younger generation and their families not only for entertainment but also because these toys help develop various aspects of children's learning and thinking processes. This aligns with the educational objectives of many German families. STEM toys, which include items related to Science, Technology, Engineering, and Mathematics, have experienced a particularly large increase in sales, which is due to the growing focus on educational and developmental toys. The German toy manufacturers are focusing on innovation and investing in research and development (R&D) to introduce new toys that are likely to be on high demand, thus contributing to the market growth of toys in Germany. For instance, research and development expenditure reached a new all-time high in Germany in 2021. They rose by 5.6% to 112.6 billion euros compared with the previous year, as is reported by the Federal Statistical Office based on provisional results.
Rising Disposable Income
The increased disposable income and the growing trend of spending more on toys are key factors driving the expansion of the toy market in Germany. Improved economic standards have resulted in higher disposable incomes for German households, allowing more spending on leisure and entertainment products, including high-quality and premium toys. As consumer wealth has increased, families can afford a diverse range of toys for different age groups and preferences. Additionally, smaller family sizes mean that parents and grandparents are more willing to make significant expenditures on children, often opting for high-quality, expensive, and branded toys. This shift towards higher toy expenditure is further supported by market promotions and attractive advertising campaigns, fueling market growth. For instance, the introduction of “Disney Lorcana” trading card game was the most successful product launch. Developed in-house, the game was released in August 2023 in close cooperation with licensor Disney. It fascinated seasoned trading card players and Disney fans alike, who queued up for it at international toy fairs and games conventions.
German Toys Market News
- In May 2024, the LEGO Group launched the latest additions to its collection of LEGO Islands, a series of kid and family-friendly LEGO-themed experiences designed by the brand, within Fortnite.
- In April 2024, Hasbro, a leading toy and game company, announced a global licensing agreement with Playmates Toys, a global toy design, development, marketing and distribution company, to produce and distribute POWER RANGERS product. Playmates is debuting its first POWER RANGERS collection with a kid targeted MIGHTY MORPHIN POWER RANGERS toy line in 2025.
Germany Toys Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on product type, age group and sales channel.
Product Type Insights:
- Action Figures
- Building Sets
- Dolls
- Games and Puzzles
- Sports and Outdoor Toys
- Plush
- Others
The report has provided a detailed breakup and analysis of the market based on the product type. This includes action figures, building sets, dolls, games and puzzles, sports and outdoor toys, plush, and others.
Age Group Insights:
- Up to 5 Years
- 5 to 10 Years
- Above 10 Years
A detailed breakup and analysis of the market based on the age group have also been provided in the report. This includes up to 5 years, 5 to 10 years, and above 10 years.
Sales Channel Insights:
- Supermarkets and Hypermarkets
- Specialty Stores
- Department Stores
- Online Stores
- Others
The report has provided a detailed breakup and analysis of the market based on the sales channel. This includes supermarkets and hypermarkets, specialty stores, department stores, department stores, online stores, and others.
Regional Insights:
- Western Germany
- Southern Germany
- Eastern Germany
- Northern Germany
The report has also provided a comprehensive analysis of all the major regional markets, which include Western Germany, Southern Germany, Eastern Germany, and Northern Germany.
Competitive Landscape:
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Germany Toys Market Report Coverage:
Report Features |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
Units |
Billion US$ |
Scope of the Report |
Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
- Product Type
- Age Group
- Sales Channel
- Region
|
Product Types Covered |
Action Figures, Building Sets, Dolls, Games and Puzzles, Sports and Outdoor Toys, Plush, Others |
Age Groups Covered |
Up to 5 Years, 5 to 10 Years, Above 10 Years |
Sales Channels Covered |
Supermarkets and Hypermarkets, Specialty Stores, Department Stores, Online Stores, Others |
Regions Covered |
Western Germany, Southern Germany, Eastern Germany, Northern Germany |
Customization Scope |
10% Free Customization |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the Germany toys market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the Germany toys market?
- What is the breakup of the Germany toys market on the basis of product type?
- What is the breakup of the Germany toys market on the basis of age group?
- What is the breakup of the Germany toys market on the basis of sales channel?
- What are the various stages in the value chain of the Germany toys market?
- What are the key driving factors and challenges in the Germany toys?
- What is the structure of the Germany toys market and who are the key players?
- What is the degree of competition in the Germany toys market?
Key Benefits for Stakeholders:
- IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Germany toys market from 2018-2032.
- The research report provides the latest information on the market drivers, challenges, and opportunities in the Germany toys market.
- Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Germany toys industry and its attractiveness.
- Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.