Kids Activity Box Market: Introduction
Transparency Market Research delivers key insights on the global kids activity box market. In terms of revenue, the global kids activity box market is estimated to expand at a CAGR of 5.9% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global kids activity box market.
Kids activity box companies are expanding their product lines to meet the increasing demand for kids activity box products. Moreover, strong product innovation among companies with newer themes & STEAM-based products are expected to boost the market during the forecast period. In addition, kids activity box companies are adopting latest technologies to provide extra benefits and convenience to clients, and also to boost their own efficiencies. These factors are expected to have a positive impact on the global kids activity box market during the forecast period.
Kids Activity Box Market: Key Segments
In terms of product, STEAM based is expected to dominate the kids activity box market during the forecast period. Each of STEAM’s five subjects share a common approach and focus. It requires gathering and using evidence to provide knowledge or solve problems. STEAM learning occurs naturally everyday as kids explore, play, and try new things. When kids have the opportunity to investigate the world around them, they learn and experiment with new STEAM skills and theories. Research shows there is a positive relationship between early STEAM experiences and future success in school. The kids activity box market is expected to expand at a CAGR of 5.6% by value during the forecast period.
Under the age -group segment, the 4-6 years & 6-8 years segments are anticipated to hold major share and maintain their share during the forecast period. Asia Pacific and North America have a considerable number of high income and upper middle income countries with significant per capita income which indicates a higher disposable income and thus, highlights the higher standard of living. Thus, parents are able to afford expensive & premium subscriptions for kids of different age groups. These factors are expected to drive the demand for kids activity box in the residential sector of APAC and North America during the forecast period. The age group segment is expected to expand at a CAGR of 5.3% by volume.
Based on pricing, low range products are highly demanded and hold the largest share in the kids activity box market based on pricing. Consumers prefer low range products to avoid the risk of associated damages.
The global kids activity box market is dominated by the online distribution channel, as COVID-19 has changed the face of the buying process. Manufacturers focusing on advertisements and providing discounts on online purchases may fuel the demand for online distribution channels over the forecast timeframe. Organized retail is expected to have significant growth opportunities as kids activity box products placed on retail shelves give consumers numerous varieties to choose from depending on their particular applications.
Kids Activity Box Market: Prominent Regions
The global kids activity box market can be categorized into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Asia Pacific accounted for a dominant share of the global kids activity box market in 2020 and is expected to remain dominant over the forecast period. Emphasis on nutrition and growth is one of the most important drivers of the Asian economy. This factor is expected to have a positive impact on the Asia Pacific kids activity box market during the forecast period.
The Asia Pacific kids activity box market is expected to register the highest CAGR in the future. Key players operating in the market in the region are adopting new technologies to provide quality products to their customers. Increasing promotional activities are also expected to have a positive impact on the market in the region.
Kids Activity Box Market: Key Players
Key players operating in the global kids activity box market are Bitsbox, Brickyard Building Blocks, Dan&Darci, Kitchen Kid, LLC, KiwiCo, Inc, Learn & Climb, Little Passports, Magic Crate, Flintobox, and Xplorabox, among others.
Global Kids Activity Box Market: Segmentation
Kids Activity Box Market, by Type
- Theme Based
- STEAM Based
Kids Activity Box Market, by Age Group
- 2-4 years
- 4-6 years
- 6-8 years
- 8-12 years
Kids Activity Box Market, by Price
- Low ( Below US$ 20)
- Medium ( US$ 20-US$ 30)
- High (Above US$ 30)
Kids Activity Box Market, by Distribution Channel
- eCommerce Websites
- Company Owned Websites
- Specialty Stores
- Hypermarkets & Supermarkets
- Others (Gift Stores, etc.)
Kids Activity Box Market, by Region
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America
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