STEM Market Insights – Expected Hugh Growth of STEM Toys Market Size by 2025

There is a huge growth in the STEM toys Market. It might probably reach revenue up to US$9.5 Billion by 2025. Here are some key insights.

• The analysis of the market forecasts that the industry will witness 1.5 times growth during the forecast period.
• The increasing popularity of high-end construction and engineering, circuits and electricity, DIY projects, robotics & coding, AI, and sensor-based interactive toys are increasing the 12+ years age group segment’s market growth.
• The science segment is expected to pose an absolute growth of 44% during the forecast period. Europe and North America are likely to grow at impressive growth rates.
• Like board games, engineering toys are used for the development of strategic and building skills among teenagers and are expected to grow at a CAGR of close to 7%.
• The concept of toy subscription features from Amazon has been a gamechanger in online distribution models. Amazon, eBay, Best Buy, JD.com, and Alibaba are online retailers.

North America was the largest STEM toys market with a share of contributed over 33% in 2019. Factors such as a high spending power among millennials, inclination toward interactive electronic games, and high urbanization drive the growth of the educational toys market in North America.

Reference: https://www.wfmz.com/news/pr_newswire/pr_newswire_technology/stem-toys-market-size-to-reach-revenues-of-usd-9-5-billion-by-2025-/article_3e7416d6-f03a-58da-8d2d-49974c678c0d.html