NEW YORK, May 20, 2022 /PRNewswire/ — Science, Technology, Engineering and Mathematics (STEM) Toys Market Size Expected to Grow by $964.09 million from 2020 to 2025 to a 5% CAGR according to Technavio’s latest research report. 35% of the market growth will come from APAC during the forecast period. Japan and China are the major markets for science, technology, engineering and math (STEM) toys in Asia-Pacific. Market growth in this region will be faster than market growth in other regions. Parents and teachers encourage context-based learning over traditional exam-based learning for students in classrooms and related learning environments.
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Science, Technology, Engineering and Math (STEM) Toys Market: Scope
Science, Technology, Engineering and Math (STEM) Toys Market: Drivers and Challenges
The growth of a collaborative environment in educational institutions will fuel the growth in the size of the science, technology, engineering and math toys market. Several countries are adopting new standards in primary and secondary education to promote a collaborative learning environment in classrooms. The education sector has seen a shift towards an example-driven, context-based approach to learning. Students are encouraged to better understand the subject through practical examples and illustrative designs in classrooms, as opposed to rote memorization. This enhances student engagement and learning in STEM subjects.
However, Intense competition from mobile games will be a major challenge for the science, technology, engineering and math toys market during the forecast period. The penetration of mobile devices such as smartphones and tablets has led to the emergence of several game-based learning software and applications for children of different age groups. Technological advancements allow these apps to offer user-friendly interfaces, thus enabling better engagement and operability for students. Using simple apps, better graphics, content interactivity and a range of game options will help mobile game makers attract and retain consumers at a higher rate than game makers. traditional toys. Many mobile app developers offer a range of interactive learning software for STEM and other disciplines at competitive prices. The importance of mobile apps and software in STEM learning is expected to hamper the market growth.
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Science, Technology, Engineering and Math Toys (Stems) Market: Segmentation Analysis
the Science, Technology, Engineering and Mathematics (STEM) Toys Market the analysis report includes segmentation by distribution channel (offline and online) and geography (APAC, North America, EuropeAME and South America).
The Technavio report presents a detailed picture of the market through study, synthesis and summation of data from multiple sources by analysis of key parameters.
Companies cited
The science, technology, engineering and math (STEM) toys market is fragmented and sellers deploy organic and inorganic growth strategies to compete in the market.
The Science, Technology, Engineering and Mathematics (STEM) Toys Market forecast report offers in-depth information about key vendor profiles. The profiles include production, sustainability and outlook information from key companies.
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The competitive scenario predicted in the Science, Technology, Engineering and Mathematics (STEM) Toys Market report analyzes, evaluates and positions companies based on various performance indicators. Some of the factors taken into consideration for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, market share growth, etc. Don’t wait, take a strategic approach and boost your business goals with our Science, Technology, Engineering and Mathematics (STEM) Toys Market Forecast report – Buy now!
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Scope of Science, Technology, Engineering and Mathematics (STEM) Toys Market |
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Report cover |
Details |
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Page number |
120 |
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Year of reference |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum and CAGR |
Accelerate at a CAGR of 5% |
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Market Growth 2021-2025 |
$964.09 million |
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Market structure |
Fragmented |
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Annual growth (%) |
3.86 |
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Successful market contribution |
APAC at 35% |
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Competitive landscape |
Leading companies, competitive strategies, scope of consumer engagement |
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Profiled companies |
Elenco Electronics Inc., Hasbro Inc., Johnco Productions Pty Ltd., Learning Resources Ltd., LEGO System AS, Mattel Inc., Melissa & Doug LLC, Ravensburger AG, Smartivity Labs Pvt. Ltd., and Spin Master Corp. |
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Market dynamics |
Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID 19 Impact and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period, |
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Personalization area |
If our report does not include the data you are looking for, you can contact our analysts and customize the segments. |
Main topics covered:
Summary
Market landscape
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Market ecosystem
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Value chain analysis
Market sizing
Five forces analysis
Market segmentation by distribution channel
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Market segments
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Comparison by distribution channel
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Offline – Market size and forecast 2020-2025
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Online – Market size and forecast 2020-2025
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Market opportunity by distribution channel
Customer landscape
Geographic landscape
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Geographic segmentation
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Geographic comparison
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APAC – Market size and forecast 2020-2025
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North America – Market size and forecast 2020-2025
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Europe – Market size and forecast 2020-2025
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MEA – Market size and forecast 2020-2025
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South America – Market size and forecast 2020-2025
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Main leading countries
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Market Opportunity by Geography
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Market factors
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Market challenges
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Market trends
Supplier Landscape
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Supplier Landscape
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Landscape disturbance
Vendor analysis
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Suppliers Covered
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Positioning on the supplier market
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Elenco Electronics Inc.
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Hasbro Inc.
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Johnco Productions Pty Ltd.
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Learning Resources Ltd.
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LEGO AS System
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Mattel Inc.
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Melissa & Doug LLC
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Ravensburger AG
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Smartivity Labs Pvt. ltd.
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Spin Master Corp.
Annex
About Us
Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.
Contact
Technavio Research
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UK: +44 203 893 3200
E-mail: [email protected]
Website: www.technavio.com/
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