Singapore Toys and Hobby Goods Market (2024-2030) | Trends, Growth, Share, Value, Industry, Outlook, Size, Forecast, Companies, Analysis & Revenue

Market Forecast By Type (Sports Toys, Intellectual Toys, Education Toys, Decorative Toys, Other), By Application (Online Sales, Offline Sales, Others) And Competitive Landscape
Product Code: ETC017207 Publication Date: Jul 2023 Updated Date: Jan 2024 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Singapore Toys and Hobby Goods Market Synopsis

The Singapore Toys and Hobby Goods Market are projected to witness a healthy growth rate during the forecast period of 2020-2026. This is mainly due to the increasing demand for toys and hobby goods from children, rising disposable income levels, growing awareness regarding mental health issues among parents, and technological advancements in toy production which make them more interactive and fun. Moreover, initiatives taken by the government such as organizing various events related to toy manufacturing are expected to further drive market growth.

Market Drivers

Rising Demand from Children: The rise in demand for toys and hobby goods among children has been one of the major factors driving market growth over recent years. In addition, many parents now view these items as necessary investments that help their child???s development rather than just luxury expenses. Growing Disposable Income Levels: As disposable incomes have increased across Singapore households over recent years, this has allowed people more access to purchasing things like toys or hobby goods. This trend is likely only going to increase with time given that economic stability increases in Singapore too.

Market challenges

High Cost of Raw Materials & Labor Charges: One challenge facing this industry is the high cost associated with raw materials used in producing toys or hobby goods such as plastics or metals which can be quite expensive depending on availability at times. Additionally labor costs charged by skilled workers can also add up resulting in higher prices for consumers making it difficult for some companies operating within this space who may not be able price competitively enough compared to others.

Key players

Some key players dominating the Singapore Toys & Hobby Goods Market include Hasbro Inc., Mattel Inc., Lego Group, Bandai Namco Holdings Inc., Jakks Pacific Inc., MGA Entertainment Inc., Spin Master Ltd., Tomy Company Ltd.

Covid-19 Impact

Although there was an initial dip in sales when COVID-19 first emerged globally, later on there was an uptick seen driven largely by online purchases made from customers staying indoors due to lockdown measures implemented worldwide.This resulted in a surge of interest towards digital platforms offering safety benefits while still allowing people access products they need enabling market players within this space capitalize on opportunities presented virtually instead.

Key Highlights of the Report:

  • Singapore Toys and Hobby Goods Market Outlook
  • Market Size of Singapore Toys and Hobby Goods Market, 2023
  • Forecast of Singapore Toys and Hobby Goods Market, 2030
  • Historical Data and Forecast of Singapore Toys and Hobby Goods Revenues & Volume for the Period 2020-2030
  • Singapore Toys and Hobby Goods Market Trend Evolution
  • Singapore Toys and Hobby Goods Market Drivers and Challenges
  • Singapore Toys and Hobby Goods Price Trends
  • Singapore Toys and Hobby Goods Porter's Five Forces
  • Singapore Toys and Hobby Goods Industry Life Cycle
  • Historical Data and Forecast of Singapore Toys and Hobby Goods Market Revenues & Volume By Type for the Period 2020-2030
  • Historical Data and Forecast of Singapore Toys and Hobby Goods Market Revenues & Volume By Sports Toys for the Period 2020-2030
  • Historical Data and Forecast of Singapore Toys and Hobby Goods Market Revenues & Volume By Intellectual Toys for the Period 2020-2030
  • Historical Data and Forecast of Singapore Toys and Hobby Goods Market Revenues & Volume By Education Toys for the Period 2020-2030
  • Historical Data and Forecast of Singapore Toys and Hobby Goods Market Revenues & Volume By Decorative Toys for the Period 2020-2030
  • Historical Data and Forecast of Singapore Toys and Hobby Goods Market Revenues & Volume By Other for the Period 2020-2030
  • Historical Data and Forecast of Singapore Toys and Hobby Goods Market Revenues & Volume By Application for the Period 2020-2030
  • Historical Data and Forecast of Singapore Toys and Hobby Goods Market Revenues & Volume By Online Sales for the Period 2020-2030
  • Historical Data and Forecast of Singapore Toys and Hobby Goods Market Revenues & Volume By Offline Sales for the Period 2020-2030
  • Historical Data and Forecast of Singapore Toys and Hobby Goods Market Revenues & Volume By Others for the Period 2020-2030
  • Singapore Toys and Hobby Goods Import Export Trade Statistics
  • Market Opportunity Assessment By Type
  • Market Opportunity Assessment By Application
  • Singapore Toys and Hobby Goods Top Companies Market Share
  • Singapore Toys and Hobby Goods Competitive Benchmarking By Technical and Operational Parameters
  • Singapore Toys and Hobby Goods Company Profiles
  • Singapore Toys and Hobby Goods Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
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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 Singapore Toys and Hobby Goods Market Overview

3.1 Singapore Country Macro Economic Indicators

3.2 Singapore Toys and Hobby Goods Market Revenues & Volume, 2020 & 2030F

3.3 Singapore Toys and Hobby Goods Market - Industry Life Cycle

3.4 Singapore Toys and Hobby Goods Market - Porter's Five Forces

3.5 Singapore Toys and Hobby Goods Market Revenues & Volume Share, By Type, 2020 & 2030F

3.6 Singapore Toys and Hobby Goods Market Revenues & Volume Share, By Application, 2020 & 2030F

4 Singapore Toys and Hobby Goods Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 Singapore Toys and Hobby Goods Market Trends

6 Singapore Toys and Hobby Goods Market, By Types

6.1 Singapore Toys and Hobby Goods Market, By Type

6.1.1 Overview and Analysis

6.1.2 Singapore Toys and Hobby Goods Market Revenues & Volume, By Type, 2020-2030F

6.1.3 Singapore Toys and Hobby Goods Market Revenues & Volume, By Sports Toys, 2020-2030F

6.1.4 Singapore Toys and Hobby Goods Market Revenues & Volume, By Intellectual Toys, 2020-2030F

6.1.5 Singapore Toys and Hobby Goods Market Revenues & Volume, By Education Toys, 2020-2030F

6.1.6 Singapore Toys and Hobby Goods Market Revenues & Volume, By Decorative Toys, 2020-2030F

6.1.7 Singapore Toys and Hobby Goods Market Revenues & Volume, By Other, 2020-2030F

6.2 Singapore Toys and Hobby Goods Market, By Application

6.2.1 Overview and Analysis

6.2.2 Singapore Toys and Hobby Goods Market Revenues & Volume, By Online Sales, 2020-2030F

6.2.3 Singapore Toys and Hobby Goods Market Revenues & Volume, By Offline Sales, 2020-2030F

6.2.4 Singapore Toys and Hobby Goods Market Revenues & Volume, By Others, 2020-2030F

7 Singapore Toys and Hobby Goods Market Import-Export Trade Statistics

7.1 Singapore Toys and Hobby Goods Market Export to Major Countries

7.2 Singapore Toys and Hobby Goods Market Imports from Major Countries

8 Singapore Toys and Hobby Goods Market Key Performance Indicators

9 Singapore Toys and Hobby Goods Market - Opportunity Assessment

9.1 Singapore Toys and Hobby Goods Market Opportunity Assessment, By Type, 2020 & 2030F

9.2 Singapore Toys and Hobby Goods Market Opportunity Assessment, By Application, 2020 & 2030F

10 Singapore Toys and Hobby Goods Market - Competitive Landscape

10.1 Singapore Toys and Hobby Goods Market Revenue Share, By Companies, 2023

10.2 Singapore Toys and Hobby Goods Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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