Decompression Toys Market Forecast and CAGR
According to the latest research by Fact.MR, the decompression toys market is set to witness steady growth at a CAGR of 5.2% during the forecast period. The growth in competition and hectic lifestyle has led to distorted work-life balance of several people. In response to this, spinner and puzzle are expected to be a crucial part of stress management and for living a healthy lifestyle in the coming future.
What is Driving Demand for Decompression Toys?
The rising interest of the adult generation and their attraction towards puzzles, spinners, and stress relieving toys are driving the demand growth. Key players are focusing on the present trend and adapting to new and innovative methods in the designing of anxiety relief toys.
For instance, adopting the new trends in the stress relief toys market, the development of 4D puzzles has provided key players with potential opportunities. The chronological aspects of the 4D puzzle let users feel relaxed, leading to the production of dopamine user’s brain and resulting in critical thinking and problem-solving skills develop in users. Numerous such aspects have attracted a high consumer base and are expected to witness demand growth soon.
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Factors that Likely to Augment Decompression Toys Sales
The growing focus of kids on smartphones and tablets is a big concern for parents. Due to their extreme use of electronic gadgets, they are under stress every single day. So parents and guardians buy toys like puzzles, stress balls, fidget spinners for their children that help them to manage post-traumatic stress disorder (PTSD), anxiety, and other distress. This is one factor of increasing sales of stress-controlling toys in the market.
For instance, Fasacu launched a fidget toy that can be used by everyone. The benefits offered by fidget toy such as improvement in imagination, increased learning ability, improved creativity has caught attention of high number of consumers leading to augmented demand for such toys.
US and Canada Decompression Toys Market Outlook
In the US, the demand for pre-school toys is higher owing to increased sales of mathematics, science, art, technology-based gadgets. On the other hand, some people of Canada prefers toys related to puzzles, doodle theory, educational theory etc. due to the beliefs such as these toys will help them gain more knowledge and intelligence, in turn, leading to augmented demand.
Increasing birth index, along with rising income is supposed to be given a good market opportunity for stress relief toys during the forecast period. The growing popularity of stress relief toys like serenity stress ball, bubble toys, triennium fidget cube among the youth and elder people opens the door for the market of stress relief toys and puzzles in the world.
Furthermore, with social media platform, people can showcase their talent and encourage other people to follow communities. All these factors fueling the demand growth in the region.
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Europe Demand Outlook for Decompression Toys
Many countries in the EU have been severely impacted by the COVID-19 crisis, which has led to a decline in economic activities. However, the toys market is not much affected by the outbreak, because stress relief toys bring joy, comfort, and support to deal with the challenges caused by the ongoing pandemic.
Despite the COVID-19 challenges, the market of spaghetti ball, play foam, squishy stress relief balls, and others toys remains resistant and buoyant as the good spike in the overall sales during the lockdown period.
Again with the trend of work from home or study from home, and closing of tourism and leisure venues, people of Europe have planned to stimulate children as well as adults, relieve pressure by using stretchy mice and cheese, lavender luvvies scented stress balls, and different toys and bring joy, happiness to the house. And this plan brings good sales of stress relief toys in the European countries.
Furthermore, the introduction of scented toys by players in the region has attracted more customers. The introduction of such modifications and upgrades in toys is likely to experience a demand growth soon. Moreover, differentiating targeting on kids and elderly people has been a strategic move by these players further leading to augmented sales projections.
Who are the Key Manufacturers and Suppliers of Decompression Toys?
Some of the leading manufacturers and suppliers include CHANG QING SHU TOYS, Antsy Labs, Tangle Creations., Lego; MOKURU, Bandai America Incorporated, ZURU, Yiwu Flybear Toy Company Limited, Crazy Aaron Enterprises, Inc, and Tangle Creations,
Some of the key players are working on research and development to design a toys as per the preference as well as the comfort of the customers. Key players are planning to expand their business or sales by setting us of a production plant or broadening their toys offering in the global market. Growing competition in the numerous regions is expected to augment the demand during the forecast period.
An Adaptive Approach to Modern-day Research Needs
Decompression Toys Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
By Product Type
- Decompression Cube
- Decompression Gyro
- Decompression Magnetic Fluid
By Material Types
- Under US$25
- US$200 & above
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Others
- Western Europe
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- Rest of Asia Pacific
- Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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