Science, Technology, Engineering, and Mathematics (STEM) Toys Market to grow at a CAGR of 5% by 2025|Offline Segment to be Significant for Revenue Generation

NEW YORK , March 10, 2022 /PRNewswire/ — Science, technology, engineering, and mathematics (STEM) toys Market Facts at a Glance-

• Total Pages: 120

• Companies: 10+ – Including 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 among others.

• Coverage: Key drivers, trends, and challenges; Product insights & news; Value chain analysis; Parent market analysis; Vendor landscape; COVID impact & recovery analysis

• Segments: Distribution channel (offline and online)

• Geographies: APAC, North America, Europe, MEA, and South America

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The Science, technology, engineering, and mathematics (STEM) toys Market is expected to increase by USD 964.09 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 5% as per the latest market forecast report by Technavio. The science, technology, engineering, and mathematics (STEM) toys market share growth by the offline segment will be significant for revenue generation. Globalization has spurred investments in traditional commerce and has subsequently increased the number of specialty toy stores providing scientific and educational toys. Customers with impulsive buying behavior prefer to shop STEM toys from the offline channel as they can make an immediate purchase and get possession of the product on the spot after making the purchase.

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Vendor Insights-

The Science, technology, engineering, and mathematics (STEM) toys Market is fragmented, and the vendors are deploying growth strategies such as focusing on product delivery through multiple distribution channels to compete in the market.

• Elenco Electronics Inc. – The company provides a range of STEM toys such as the Snap Circuits Beginner, Snap Circuits Jr., Snap Circuits Select, and other toys.

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Regional Market Outlook

The Science, technology, engineering, and mathematics (STEM) toys Market share growth in APAC will be significant during the forecast period. 35% of the market’s growth will originate from APAC during the forecast period. Japan and China are the key markets for science, technology, engineering, and mathematics (STEM) toys in APAC. Market growth in this region will be faster than the growth of the market in other regions. Parents and teachers encourage context-based learning over traditional exam-oriented learning for students in classrooms and related learning environments.

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Latest Drivers & Trends Driving the Market-

• Science, technology, engineering, and mathematics (STEM) toys Market Driver:

The growth of a collaborative environment in educational institutions will fuel the growth of the science, technology, engineering, and mathematics toys market size. Several countries are adopting new standards in primary and secondary education to promote a collaborative learning environment in classrooms. The education sector has witnessed a shift towards an example-oriented, context-based learning approach. Students are encouraged to understand the subject better through practical examples and illustrative designs in classrooms, as opposed to rote memorization. This heightens student participation and learning in STEM subjects.

• Science, technology, engineering, and mathematics (STEM) toys Market Trend:

The introduction of subscription services for STEM toys is a major trend supporting the science, technology, engineering, and mathematics toys market share growth. Many online retailers provide subscription services for STEM toys in addition to retail services. The shift toward context-based education has increased the adoption of STEM toys in the learning environment. Amazon launched its STEM toy club subscription service with a focus on working parents. The company provides a STEM toy that encourages learning about core STEM aspects, for a chargeable monthly subscription fee. STEM toys are handpicked by STEM experts to ensure safety and compatibility to age groups (3-5 years, 5-7 years, and 8-13 years)

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Table of Contents:

Executive Summary

Market Landscape

• Market ecosystem

• Value chain analysis

Market Sizing

Five Forces Analysis

Market Segmentation by Distribution channel

• Market segments

• Comparison by Distribution channel

• Offline – Market size and forecast 2020-2025

• Online – Market size and forecast 2020-2025

• Market opportunity by Distribution channel

Customer Landscape

Geographic Landscape

• Geographic segmentation

• Geographic comparison

• APAC – Market size and forecast 2020-2025

• North America – Market size and forecast 2020-2025

• Europe – Market size and forecast 2020-2025

• MEA – Market size and forecast 2020-2025

• South America – Market size and forecast 2020-2025

• Key leading countries

• Market opportunity by geography

• Market drivers

• Market challenges

• Market trends

Vendor Landscape

• Vendor landscape

• Landscape disruption

Vendor Analysis

• Vendors covered

• Market positioning of vendors

• 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.

• Spin Master Corp.

Appendix

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Technavio Research
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Website: www.technavio.com/

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SOURCE Technavio