According to the research report titled ‘Global Toy Market - Analysis By Product Type, By Age, By Distribution Channel, By Region, By Country (2020 Edition): Market Insights and Outlook Post Covid-19 Pandemic (2020-2025)’, available with Market Study Report, global high temperature pressure transmitter market was worth USD 22.10 billion in 2019 and is anticipated to record a CAGR of 1.4% throughout 2020-2025.
 

As per the report findings, escalating demand for entertainment solutions for kids confined to the walls of their homes due to the lockdown & closure of schools amid the Covid-19 pandemic is majorly driving the global toy market growth. Additionally, rising population and increasing purchasing power of people in the developing economies are enhancing the market outlook.
 

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Based on product type, industry is segmented into games & puzzles, construction toys, infant & pre-school toys, dolls & accessories, outdoor & sports toys, and others.
 

Considering the age group, the marketplace is divided into 0-8 years, 8-15 years, 15 years and above. Among these, 0-8 years toy segment is likely to hold a considerable market share over the forecast duration owing to increasing demand from the emerging economies.
 

Speaking of the distribution channel, worldwide toy market is categorized into ecommerce, traditional stores, supermarket, departmental stores, and others. As cited in the report, supermarkets segment is poised to be the largest sales channel on account of convenience and accessibility associated with these outlets for urban consumers to shop.
 

Geographically, Asia Pacific (China, Japan, South Korea), Europe (Germany, Spain, France, United Kingdom), and North America (United States, Canada), are major contributors to the industry growth.
 

Speaking of the competitive landscape, companies operating in this domain have prospectively positioned themselves in distinct categories to grab a larger market share. For example, Mattel delivers toys focused on pre-school segment and dolls, while Hasbro is well known for the actions figure, games & puzzle segments.
 

Besides Mattel Inc., Clementoni S.p.A., Goliath Games, Thames & Kosmos, Playmobil, VTech, Tomy Company Ltd., Ravensburger AG, Lego System A/S and Hasbro Inc. are the major players influencing the market trends.