Technavio, a tech-focused market research firm, has published a new report on the global inflatable toys market, which is expected to grow at a CAGR of close to 7% during the forecast period 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the global inflatable toys market into the following key regions: the Americas, APAC, and EMEA.
Source: Technavio
Top three contributors for the global inflatable toys market are elaborated below:
Inflatable toys market in the Americas: The market for inflatable toys in the Americas is led primarily by the US, which was the most preferred destination for the global inflatable toys market in 2016. The market in the Americas has a high growth potential and is likely to experience significant growth during the forecast period, especially South American countries. North America is a hub for theme-based parks and water parks.
According to Ujjwal Doshi, a lead analyst at Technavio, specializing in research on gaming, “Most of the leading vendors like Cedar Fair Entertainment, SeaWorld Parks & Entertainment, Universal Parks & Resorts, and Walt Disney Parks and Resorts are based in North America. We expect the inflatable toys market in the region to expand and flourish during the forecast period as the tourism market in South America experiencing tremendous growth.”
Inflatable toys market in APAC: During 2016, the Chinese population traveling internationally for adventure sports and amusement parks accounted for a majority of the revenue generated by the inflatable toys market in APAC. The addition of new amusement and theme-based parks in China during the forecast period is expected to further fuel the demand for inflatable toys in the APAC region.
Inflatable toys market in EMEA: The UK, France, Germany, and Spain are the key revenue contributors in the market for inflatable toys in EMEA. Modernization of swimming pools according to the latest trends to suit the ambiance of different infrastructures in the region is anticipated to translate into the growth of the market during the forecast period.
The top vendors operating in the global inflatable toys market are:
- Bestway Group
- BigMouth
- FUNBOY
- Yolloy
Other prominent vendors in the market include Blast Zone, General Group, Jump Orange, Little Tikes, OMEGA Inflatables, OU Xiang, and San Mei.
A more detailed analysis is available in the Technavio report titled, ‘Global Inflatable Toys Market 2017-2021’.
Other related reports:
- Global Amusement Park Market 2017-2021
- Global Virtual Reality in Gaming Market 2016-2020
- Global Entertainment Robots Market 2016-2020
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