How Many Stuffed Animals Are Sold Each Year

Industry Insights

The global blimp creature & plush toys market size was valued at USD 7.98 billion in 2018 and is anticipated to aggrandize at a CAGR of 7.61% over the forecast period of 2019 to 2025. Growing target population beyond the globe is expected to propel the market growth. Loftier affect of various drawing shows and action movies likewise plays a key role in boosting the demand for stuffed animal and plush toys.

In addition, ascension demand for custom-fabricated plush toys across the world impels manufacturers to focus more on product innovation, thereby fueling market growth. Thus, constant product innovations, such every bit toys with advanced features like GPS trackers and sensors, are projected to contribute to the product need.

U.S. Stuffed Animal & Plush Toys Market

Moreover, companies have undertaken several business strategies, such equally M&A and partnerships. This will also take a positive impact on the growth of this stuffed & plush toys market place over the years to come. For instance, Reliance Retail caused the largest toy store, Hamleys, to expand its geographical attain.

Due north America is anticipated to be the largest regional marketplace by 2025 due to increasing sales of custom-fabricated toys, such every bit activeness figures and cartoon toys. On the other hand, Asia Pacific is estimated to annals the fastest CAGR over the forecast period. The offline distribution channel segment is expected to account for the largest market share past 2025.

Product Insights

Based on product, the stuffed & plush toys market is segmented into stuffed animals, cartoon toys, activeness figures, and others. The stuffed creature products segment led the global market in 2018 accounting for a share of more than 42%. The segment is projected to expand farther at a steady CAGR over the forecast period. The cartoon toy product segment is anticipated to annals the fastest CAGR of 9.32% over the forecast period. Rise popularity of various cartoon shows is estimated to drive the demand for these toys, thereby contributing to the segment growth.

Distribution Channel Insights

Offline distribution aqueduct was the largest segment in the stuffed animal & plush toys market and generated a revenue of USD 6.89 billion in the year 2018. Offline distribution channels include gift stores, toy stores, hypermarkets, specialty stores, etc. Availability of a broad range of products in these stores is the cardinal growth-driving cistron for the segment. Moreover, various offers and discounts on branded products and store assistants provided by these stores will boost segment growth.

Global Stuffed Animal & Plush Toys Market

Online channel is expected to be the fastest-growing segment in the market place with a CAGR of x.75% from the year 2019 to 2025. Chop-chop expanding due east-commerce sector, peculiarly in emerging regions, and rising number of cyberspace and smartphone users are the key factors driving the product sales through online platforms. These platforms also provide home delivery, a number of payment options, such as Cash on Deliver (COD), which will drive the segment further. Moreover, online channels offer 24*7 service.

Regional Insights

North America holds the largest market share in the global industry due to loftier need for dissimilar types of the stuffed & costly toys, mainly in U.S. and Canada. Moreover, demand for custom-made soft toys is projected to drive the regional marketplace further. Asia Pacific is expected to accept the fastest CAGR of more than 9% over the forecast menstruum. This growth tin can be attributed to the rise demand for stuffed animal products in countries, such as Communist china, Nippon, and India. Improved standards of living and rising disposable income levels in these countries will heave the product demand further.

Blimp Animal & Costly Toys Market Share Insights

Some of the key companies in the market are Mattel, Inc.; Bandai Namco Group; LEGO A/South; Hasbro, Inc.; Simba Dickie Group; Spin Master Ltd.; Budsies, LLC; Giantmicrobes, Inc.; and Ty, Inc. These companies have undertaken several competitive strategies, such equally mergers and acquisitions, partnerships, and new product development.

Report Scope

Attribute	Details
Base of operations year for estimation	2018
Bodily estimates/Historical data	2015 - 2017
Forecast period	2019 - 2025
Market place representation	Revenue in USD Billion and CAGR from 2019 to 2025
Regional telescopic	Northward America, Europe, Asia Pacific, Central & South America, Middle East & Africa
Country scope	U.S., Germany, France, India, China, Brazil, and South Africa
Report coverage	Revenue forecast, visitor share, competitive mural, growth factors and trends
15% complimentary customization scope (equivalent to 5 analyst working days)	If you need specific information, which is non currently within the scope of the report, we will provide it to you as a part of customization

Segments Covered in the Report

This report forecasts acquirement growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2025. For the purpose of this study, Grand View Research has segmented the global stuffed animal & plush toys marketplace report on the basis of production, distribution aqueduct, and region:

Product Outlook (Acquirement, USD Billion, 2015 - 2025)
- Stuffed Animals
- Cartoon Toys
- Action Figures
- Others
Distribution Aqueduct Outlook (Acquirement, USD Billion, 2015 - 2025)
- Online
- Offline
Regional Outlook (Revenue, USD Billion, 2015 - 2025)
- North America
  - The U.S.
- Europe
  - Germany
  - France
- Asia Pacific
  - China
  - India
- Center East & Africa
  - Due south Africa
- Primal & Due south America
  - Brazil