Imagine enjoying summers in a make-shift swimming pool or jumping on an inflatable castle in an amusement park or even better, within the comfort of your home. What better way to spend your summer holidays or just have a weekend getaway! Today, people are looking for newer sources of entertainment, something that is different from the regular hum drum. Consequently, the global inflatable toys market is expected to grow past the 6% mark during the forecast period (2017-21). Read the detailed report compiled by our analysts here.
Inflatable Toys – Why all Puffed Up?
The disposable income of customers has spiralled upwards in the recent years as a result of which their preferences and tastes have changed drastically. People look for novelty and innovation in everything possible, breaking all the archaic stereotypes. Owing to this, there has been a favorable change in customer’s attitude towards adventurous and recreational activities, leading to an increase in the demand for inflatable toys. With an increased preference for apartments, the demand for inflatable toys is going to shoot up in the residential sector as the new construction projects provide all the amenities within the same infrastructure.
Yardsticks to Consider Before Making a Purchase
It is a pre-requisite that you have a checklist before purchasing anything, right from a small pin to a bull dozer. To make life easy, our experienced team of analysts at Technavio, have come up with five touchstones that will help you decide whether the purchase is good to go,
- Inflatable toys are available at different price ranges. Pick the best one from the lot.
- Whoever said that looks don’t matter? The vendors must make sure their product offerings are aesthetically appealing to the end users.
- People are increasingly turning brand conscious and prefer purchasing only those brands that they trust. (Tip: time to invest in branding and marketing activities).
- Every penny counts. The toys should be durable and resistant to wear and tear. Long lasting, much?
- Different strokes for different folks. Vendors should make sure they offer an extensive product line for buyers to choose from.
Major vendors like Bestway group, BigMouth, FUNBOY and Yolloy, etc. in the global inflatable toy market have come up with different product offerings at different price ranges that cater to the various needs of the customers.
Inflatable Toys Market – Bursting the bubble
These inflatable creatures are high maintenance as they are subjected to constant wear and tear. Also, the worldwide market for inflatable toys will face serious competition from the online gaming market as youngsters are increasingly growing fond of their virtual world. There is a question mark looming over the safety aspect of the inflatable toys due to the increasing number of injuries and casualties; and safety issues in open waters. Manufacturers need to overcome these hurdles to see the silver lining in the sky.
Our experienced team of analysts at Technavio, have compiled an extensively detailed report on the global inflatable toys market and it is expected to soar high up in the sky during the forecast period (2017-21). Interested to know more?
