Product Code: ETC017204 | Publication Date: Jun 2023 | Updated Date: Aug 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The India toys and hobby goods market import shipment demonstrated a significant decline with a CAGR of -26.4% from 2020 to 2024. However, there was a notable positive uptick in growth between 2023 and 2024, showing a 63.0% increase. This indicates a recent surge in market activity following a period of substantial contraction.
India is the second-largest market for toys and hobby goods in Asia-Pacific with a growing demand from the young population base. The increasing disposable income of families, evolving lifestyle, rising influence of western culture, low penetration levels in semi-urban and rural areas are some of the factors driving the growth of this market. Moreover, entry of international players coupled with innovative products has further fueled the growth.
1. Growing Population Base & Disposable Income: India?s young population base combined with rise in disposable incomes among middle class households have significantly contributed to boosting sales figures within this sector over the years. This provides significant opportunities for toy manufacturers to develop innovative products at affordable prices that appeal to children across different age groups as well as their parents who can afford them.
2. Changing Lifestyle: Urbanization has been on an upsurge across India since past few years which has resulted into changing lifestyles leading people to becoming more indulged towards leisure activities such as playing indoors or outdoors games along with hobbies such as arts & crafts etc., thus providing a boost to sales figures within this segment over time.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Toys and Hobby Goods Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Toys and Hobby Goods Market Revenues & Volume, 2021 & 2031F |
3.3 India Toys and Hobby Goods Market - Industry Life Cycle |
3.4 India Toys and Hobby Goods Market - Porter's Five Forces |
3.5 India Toys and Hobby Goods Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Toys and Hobby Goods Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Toys and Hobby Goods Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing disposable income and changing lifestyle trends in India leading to increased spending on toys and hobby goods. |
4.2.2 Rising awareness about the importance of child development through play and creative activities. |
4.2.3 Expansion of organized retail sector and increasing penetration of e-commerce platforms providing easier access to a wide variety of toys and hobby goods. |
4.3 Market Restraints |
4.3.1 Competition from unorganized sector leading to pricing pressures. |
4.3.2 Challenges related to safety and quality standards compliance. |
4.3.3 Fluctuations in raw material prices impacting production costs. |
5 India Toys and Hobby Goods Market Trends |
6 India Toys and Hobby Goods Market, By Types |
6.1 India Toys and Hobby Goods Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Toys and Hobby Goods Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Toys and Hobby Goods Market Revenues & Volume, By Sports Toys, 2021-2031F |
6.1.4 India Toys and Hobby Goods Market Revenues & Volume, By Intellectual Toys, 2021-2031F |
6.1.5 India Toys and Hobby Goods Market Revenues & Volume, By Education Toys, 2021-2031F |
6.1.6 India Toys and Hobby Goods Market Revenues & Volume, By Decorative Toys, 2021-2031F |
6.1.7 India Toys and Hobby Goods Market Revenues & Volume, By Other, 2021-2031F |
6.2 India Toys and Hobby Goods Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Toys and Hobby Goods Market Revenues & Volume, By Online Sales, 2021-2031F |
6.2.3 India Toys and Hobby Goods Market Revenues & Volume, By Offline Sales, 2021-2031F |
6.2.4 India Toys and Hobby Goods Market Revenues & Volume, By Others, 2021-2031F |
7 India Toys and Hobby Goods Market Import-Export Trade Statistics |
7.1 India Toys and Hobby Goods Market Export to Major Countries |
7.2 India Toys and Hobby Goods Market Imports from Major Countries |
8 India Toys and Hobby Goods Market Key Performance Indicators |
8.1 Number of new toy and hobby stores opened in tier 2 and tier 3 cities. |
8.2 Percentage increase in online searches for educational toys and hobby kits. |
8.3 Growth in the number of toy and hobby exhibitions and events organized in India. |
9 India Toys and Hobby Goods Market - Opportunity Assessment |
9.1 India Toys and Hobby Goods Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Toys and Hobby Goods Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Toys and Hobby Goods Market - Competitive Landscape |
10.1 India Toys and Hobby Goods Market Revenue Share, By Companies, 2024 |
10.2 India Toys and Hobby Goods Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |