Global Stuffed Plush Toys Market Overview:
A stuffed plush toy is a toy with an outer fabric that is sewn from a textile and is further filled with a flexible material. In the UK and Australia, they can be called soft toys or cuddly toys. The toy originated in Germany in the late 19th century and became increasingly popular after the teddy bear was founded in 1903. Stuffed toys are made in many different shapes, but most often resemble real animals (sometimes with exaggerated proportions or features), legendary creatures, cartoon characters, or inanimate objects. The apparel, footwear, and accessories industries are expected to experience mixed growth during 2020 due to the unprecedented supply chain disruptions caused by the global COVID-19 outbreak. The expected decline in global sales of clothing, shoes, and accessories is due to massive disruptions in the supply chain in major export markets such as China and India.
- Growing Target Population across the Globe
- High Impact of Various Cartoon Shows and Action Movies
- Improved Standards Of Living
- Rising Disposable Income Levels
- Increasing Sales of Custom-Made Toys
- Availability of a Wide Range of Products
- Rising Number of Internet and Smartphone
- Rising Demand for Custom-Made Plush Toys across the Globe
- Availability of Substitutes
- Rapidly Expanding E-Commerce Sector
- Constant Product Innovations, Such As Toys with Advanced Features like GPS Trackers and Sensors
- Low Availability in Underdeveloped Regions
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Mattel (United States), Bandai (Japan), The Lego Group (Denmark), Happy Worker Inc. (Canada), BUDSIES, LLC (United States), Hasbro (United States), Prince International Soft Toys (India), Simba-Dickie Group (Germany), Spin Master (Canada), The Toytales (India) and Fun Zoo (India). Additionally, following companies can also be profiled that are part of our coverage like Ultra Media & Entertainment Pvt. Ltd. (India) and Natkhat (India). Analyst at AMA Research see Asian Vendors to retain maximum share of Global Stuffed Plush Toys market by 2025. Considering Market by Distribution Channel, the sub-segment i.e. Hyper/Super Market will boost the Stuffed Plush Toys market. Considering Market by Stuffing Material, the sub-segment i.e. Synthetic toy fillings will boost the Stuffed Plush Toys market. Considering Market by End-User, the sub-segment i.e. Kids will boost the Stuffed Plush Toys market.
Latest Market Insights:
In 2018, Hasbro, Inc. entered into a partnership with Nickelodeon, for the network's new hit preschool series Top Wing. The launch was primarily carried out in the United States and the global launch was carried out in 2019.
In 2019, Mattel, Inc. expanded its licensing agreement with Disney for Pixar Animation Studios. The licensing agreement included titles like ‘Onward’, ‘Coco’, ‘Finding Nemo’, ‘Monsters, Inc.,’ and ‘The Incredibles’.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Stuffed Plush Toys market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Stuffed Plush Toys market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Providers of Stuffed Plush Toys, End-Users, Potential Investors, Market Research Firms, Regulatory Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.