Global Building Blocks
Market Report
2024
Delivery Includes:- Market Timeline 2019 till 2031, Market Size, Revenue/Volume Share, Forecast and CAGR, Competitor Analysis, Regional Analysis, Country Analysis, Segment Analysis, Market Trends, Drivers, Opportunities, Restraints, ESG Analysis, Porters Analysis, PESTEL Analysis, Market Attractiveness, Patent Analysis, Technological Trend, SWOT Analysis, COVID-19 Analysis, Consumer Behavior Analysis, etc.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
PDF Access: Password protected PDF file, Excel File Access: Quantitative data, PPT Report Access: For the presentation purpose, Cloud Access: Secure Company Account Access.
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"Global Building Blocks market size 2023 was XX Million. Building Blocks Industry compound annual growth rate (CAGR) will be XX% from 2024 till 2031."
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Market Split by Type |
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Market Split by Material |
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Market Split by Age Range |
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Market Split by Distribution Channel |
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Market Split by Play Purpose |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Building Blocks industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Building Blocks Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Toy blocks, also known as building blocks, are solid shapes used for construction play. Some are simple planks made of wood, while others are more elaborate, like interlocking bricks made of plastic. Toy blocks otherwise known as building blocks are strongly shaped blocks used for development play. They keep children engaged and occupied for long periods of time. Building blocks can be made of wood, plastic, magnetic materials, and more.
Blocks can be powerful learning tools for children. Studies show that toy blocks help develop motor skills, hand-eye coordination, spatial reasoning, cognitive flexibility, language skills, creativity, divergent thinking, social competence, and engineering skills. Building blocks have been linked to improved math skills in children who engage regularly in play, which is available both online and offline. Furthermore, building Blocks are used in the classroom to assist in skill development as well as to assess current knowledge. It helps in improving hand-eye coordination, developing scientific and technological solutions, involving geometry, mathematics, and engineering, following directions with logic and reasoning, duplicating complex patterns, and planning and evaluating patterns.
Increasing demand for toys globally is accelerating the growth of the global building blocks market
Toys have been an integral part of childhood. Play is a key element in children’s growth and development and it stimulates imagination, the emergence of ideas, and creative expression. By making things, children explore their ideas and discover how things work. The increased awareness of toys having a positive effect on child development is accelerating the demand for different types of toys. For instance, The Toy Association, Inc., U.S. retail sales of toys generated $29.2 billion in 2022. In recent years parents have become more aware of the benefits of building blocks, as they encourage cooperative building projects, challenge children with specific building tasks, promote children's imaginative play, and stimulate their interest in toy blocks with character toys and other accessories. Further, the rise in personal income, along with the urbanization trend, has resulted in a surge in demand for toys and games, especially from organized multi-brand retail stores. As a result, market vendors are experiencing higher revenue generation opportunities, driving market growth.
Growing spending on child development is accelerating the growth of the global building blocks market.
With parents seeking toys that offer both entertainment and educational value, there has been a surge in demand for educational toys and games which can include building blocks. These toys help children learn and develop new skills while keeping them engaged at home. Toy companies that focus on creating educational toys and align their marketing strategies accordingly can tap into this growing market.
Plastic toys and building blocks are contributing to environmental pollution, and to control the pollution several steps need to be taken to reduce the footprint. Sustainable choices are healthy both for ourselves and the planet, which is the top reason why parents want environmentally-friendly products which can hamper the growth of the market.
Numerous sectors all over the world have been severely impacted by the COVID-19 epidemic. The toy sector, and consequently the market for building blocks, is one such sector. As COVID-19 spread, other industries were forced to close down or restrict production, which disrupted the supply chain. Building blocks and other toys are in short supply due to delays in manufacture and distribution that have occurred as a result. Additionally, non-essential companies, including toy stores, had to temporarily close their doors as lockdown procedures were put in place. This significantly decreased the amount of building blocks sold.
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November 2022
Upexi Closed the Acquisition of E-Core and its Subsidiaries, Adding Over $40 Million in Trailing Twelve-Month Sales and Increasing Projected Calendar 2023 Sales to $100MUpexi Inc, a multi-faceted brand owner and innovator in aggregation, today announced the closing of its acquisition of E-Core, Inc. and its subsidiaries; Tytan Products and New England Technology, Inc., for a combination of cash, stock, and one-to-three-year notes.
August 2021
LEGO Group unveiled building blocks made from recycled plastic
LEGO announced that its latest design is the first one made from recycled material that has passed strict quality, safety, and play requirements, following several iterations that were not durable enough. These are made using polyethylene terephthalate (PET) recycled from bottles that have been thrown away and are adding to the waste of the world.
June 2019
Xiaomi launched the Mitu Smart Building Block Cross-Country Four-wheel drive toy car
Xiaomi‘s Mitu sub-brand is the division under which the company releases toy products. The brand has launched a new product but in a surprise twist, it is under crowdfunding. This happens to be the first toy product that would be launched under the crowdfunding platform. The device comes with a retail price of 699 yuan and a crowdfunding special price of 599 yuan ($86).
Top Companies Market Share in Building Blocks Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
Global Building Blocks Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Building Blocks Industry growth. Building Blocks market has been segmented with the help of its Type, Material Age Range, and others. Building Blocks market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on present and future trends, the market size is estimated from 2019 to 2031. Moreover, study also provides quantitative and qualitative analysis of each type to understand the driving factors for the fastest growing type segment for Building Blocks market.
Type of Building Blocks analyzed in this report are as follows:
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Building Blocks Industry. Request a Free Sample PDF!
The plastic toys segment accounted for about 48.91% market share in 2022. The plastic toys segment is the largest contributor to the global building blocks market. This growth is attributed to the lightweight and flexible characteristics of plastic. Further, plastic is more economical and faster to reproduce, it doesn't rust or rot, and it can be cleaned easily unlike metal or wood which gathers dust and is tough to clean.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Building Blocks market report 2024 Edition by contacting our team.
The play-purpose entertainment segment held the largest market in 2022. Building blocks are widely used for children's entertainment purposes. As the spending capacity of parents has been increasing in recent years, they are willing to pay more on child development toys. In addition, the awareness about toys related to mind development, skill development, and others also increased due to the adoption of smartphones and other advanced technologies.
North America is dominating the global building blocks market, owing to the increasing applications of blocks in kindergartens in Canada and the United States. Further, high spending capacity and awareness about these toy benefits are contributing to the growth of the market. For instance, according to the latest toy sales statistics in the US, consumers spent $29.2 billion on toys in 2022.
On the other hand, the APAC region is estimated to grow with the highest CAGR during the forecast period. This growth is attributed to the growing population, increasing per capita income, and changing lifestyles in major economies like China, India, Japan, and others. Further, the awareness about child development is also increasing and the parents are willing to pay for it, which is contributing to the growth of the global building block market. In addition to that, the rise in customs duties on imported toys by the different governments is also boosting domestic manufacturing but also helped in the growth of the global building blocks market in the Asia Pacific. For instance, the Indian government has heightened customer duties on imported toys and mandated BIS certification for imports in 2022.
The current report Scope analyzes Building Blocks Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
Research Analyst at Cognitive Market Research
I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.
I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.
I am committed to continuous learning and staying abreast of emerging trends in research methodologies. Regular participation in workshops, webinars, and industry conferences ensures that my skills remain sharp and relevant. I spearheaded research initiatives focused on market trends, customer behavior, and competitive landscapes. I have a demonstrated ability to transform complex data sets into clear and concise narratives that inform key business strategies. Collaborating with cross-functional teams, I played a pivotal role in shaping successful projects that hinged on robust research and analysis.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Building Blocks Market is witnessing significant growth in the near future.
In 2023, the Alphabet Blocks segment accounted for noticeable share of global Building Blocks Market and is projected to experience significant growth in the near future.
The Plastic segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Lego , Magformers and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Table of Content differs accordign to the user License selction. Current Displayed TOC is for the Corporate User License Report Edition. TOC Customization options: Add or Remove section's Or chapter's from the report. Specific section's of report can be ordered at a discounted price. If applicable; On Request Volume Data will also be provided (at an Additional Cost).
Type | Alphabet Blocks, Magnetic Building Blocks, Rainbow Building Blocks, Interlocking Building Blocks, Castle Building Blocks, Others |
Material | Plastic, Wooden, Others |
Age Range | 6 Months to 2 Years, 2-3 Years, 3 to 5 years, Above 6 |
Distribution Channel | Online, Offline |
Play Purpose | Entertainment, IQ Training |
List of Competitors | Lego, Mattel, Magformers, Haba, Banbo, Hasbro, Melissa and Doug, People Co Itd, BToys (Battat), Gigoloys, Guangdong Qman Culture Communication, Guangdong Loongon, ShanTou LianHuan Toys and Crafts, others. |
This chapter will help you gain GLOBAL Market Analysis of Building Blocks. Further deep in this chapter, you will be able to review Global Building Blocks Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
Chapter 2 North America Market Analysis
Executive Summary North America Market (2019 vs 2024 vs 2031)
Purchase Add-Ons to Customize the Report Edition and get further granular data level data about the North America market. Add-On Cost: Request before placing the order, Respective Pricing will be informed after sending the inquiry
Qualitative Analysis for the North America Market: North America Building Blocks Market Trends North America Building Blocks Technological Road Map North America Building Blocks Market Drivers North America Building Blocks Market Restraints North America Building Blocks Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia-Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Material Analysis 2019 -2031
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Chapter 12 Market Split by Age Range Analysis 2019 -2031
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Chapter 13 Market Split by Distribution Channel Analysis 2019 -2031
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Chapter 14 Market Split by Play Purpose Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Building Blocks market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Alphabet Blocks have a significant impact on Building Blocks market? |
What are the key factors affecting the Alphabet Blocks and Magnetic Building Blocks of Building Blocks Market? |
What is the CAGR/Growth Rate of Plastic during the forecast period? |
By type, which segment accounted for largest share of the global Building Blocks Market? |
Which region is expected to dominate the global Building Blocks Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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