China’s demand for Toys and Games has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, import & export, consumer consumption...
This study focuses on China’s Toys and Games industry forecasts. In the two past decades, the industry has been growing at a fast pace. The dramatic expansions of the manufacturing capabilities and rising consumer consumptions in China have transformed China’s society and economy. China is one of the world’s major...
The COVID-19 outbreak in South Africa is expected to hinder the demand for traditional toys and games during 2020, with sales especially impacted during Q1 of 2020, when a lockdown was in place. During the lockdown period, specialists stores were closed, and only essential retailers were permitted to open in the country. This meant that consumers...
In 2020, COVID-19 and restrictions the government put in place to prevent its spread have forced Indonesians to stay at home for the most part, and for varying lengths of time. During Q2 of 2020, people were working from home, and schools were expected to be closed for nearly three months to minimise the spread of the virus. Talks about further...
The COVID-19 outbreak in 2020 followed an extended period of unrest in Hong Kong throughout 2019. However, COVID-19 resulted in schools in Hong Kong being closed as well as retail outlets in affected areas. As a result the virus outbreak only served to compound consumers’ desire to stay at home, and added significant disruption to the already...
COVID-19 is likely to have little overall impact on the forecast value growth rate for toys and games in Malaysia in 2020, with just a marginally slower increase expected. Indeed, the forecast for video games has not changed at all, whilst traditional toys and games is only expected to see a marginally slower rate of increase than originally...
In 2019, traditional toys and games required unconventional strategies to be undertaken in order to maintain strong growth, because with the emergence of mobile games on top of other video games, traditional toys and games are no longer the main entertainment options for children and teenagers, and over the year sales to these consumer groups...
In 2019 Hong Kong’s civil unrest caused many outlets to close, and some to go out of business completely. The Mong Kok district, where a significant number of shops selling toys and collectables are located, was where most of the protests and riots took place, and both consumers and businesses in that area were significantly affected. Despite...
Toys and Games Market is projected to grow at a CAGR of 9.91% during the forecast period (2020- 2025). - In recent years, a rise in the popularity of interactive and multi-functional toys and games has been observed among children, which has been positively impacting the toys and games market. - Due to the rise in consumer spending,...
The weak economy, which culminated in a recession in mid-2018, was accompanied by increased cost of living, and VAT and fuel rises, challenging the disposable income of South African parents. Therefore, in 2019, parents had reduced budgets for spending on items such as toys and games. As a result, parents often opted for toys with a high value...