Jigsaw Toys Market REPORT OVERVIEW
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The global jigsaw toys market size was USD 458.5 million in 2022 and market is projected to touch USD 577.72 million by 2031, at a CAGR of 2.6% during the forecast period.
Jigsaw toys is also known as picture puzzle. The puzzle is a set of irregular cut pieces of pasteboard, wood or a picture form design. The game includes scenes from buildings and nature. Both kids and adults can play the game for fun and learning. This game requires high thinking ability to solve. It consists of lot of pieces which are meant to join or fit together.
Increasing demand for boosting children knowledge and innovation is projected to drive market growth. Growing use of the game in television shows created a huge impact on consumers. This impact of the product is estimated to fuel market growth. Growing awareness among parents to offer children fun and intelligent games is predicted to enhance market growth. Widespread of internet made the game popular among consumer. Rising innovations in the puzzle game to make it more interesting is projected to accelerate market growth during the forecast period. Widespread of topics in the games to play helps to improve memory and attention span is estimated to propel jigsaw toys market growth.
COVID-19 Impact: Growing Digitalization During the Pandemic Restricted Market Growth
An outbreak of COVID-19 pandemic impacted market growth. The market witnessed disruptions in supply chains due to closure of physical stores. Shift in consumer demand due to reduced income and growing demand for digital games. Children preferred using and playing digital games due to ease of availability of such games. Such factors during pandemic restrict market growth for such games.
On the contrary, increasing demand to reduce boredom during pandemic boosted market growth. Rising need for entertainment and education for kids are projected to drive market growth.
LATEST TRENDS
"Increasing Demand from Parents to Expand Market Growth"
Growing need to develop children’s concentration and knowledge is predicted to expand market growth. The game has multiple benefits such as developing self-esteem and improving memory. Puzzles helps children to boost self-confidence and bring sense of satisfaction. Such benefits of the product encourage parents to adopt jigsaw toys for their children. Increasing preferences to learn patience, intelligence and fun while playing is estimated to accelerate market during the forecast period. Easily availability of the game in stores and online is projected to enhance market expansion during the forecast period. In addition, the game helps to develop collaboration with a playing partner. Parents plays with their children which will helps to develop communication among them.
Jigsaw Toys Market SEGMENTATION
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- By Type
Based on type, the market is divided into wood materials, plastic materials, and paper materials.
Plastic materials is the leading part of the type segment. It is because plastic materials are easy to use and are lightweight.
- By Application
On the basis of application, the market is classified into children and adults.
Children are the leading part of the market application.
DRIVING FACTORS
"Developing Logical Reasoning and Problem Solving to Stimulate Market Expansion "
Completing the game is not easy, it requires logic. This high requires logic in all cases and is estimated to fuel market growth. While solving puzzles, players may meet critical situation. The need of critical thinking and reasoning skills is anticipated to boost product demand among consumers. The puzzle is typically made of images which helps players to identify colors, pattern, and shapes. Such features of the game are predicted to boost product demand. Also, developing problem strategies and improving memory is projected to drive market growth. In addition, playing puzzles helps to reduce chances of developing certain types of mental illness. games include meditative benefits such as creating calm persona and a well-being. Increasing demand to relax is estimated to propel jigsaw toys market growth.
"Growing Demand to develop Cognitive Skills to Accelerate Market Growth "
The puzzles come in a variety of topics such as animals, zoo, maps, periodic tables, solar systems, and fairy tales. Such multiple topics helps player to increase their cognitive skills. Playing puzzles games is not only fun but also in gathering information. It can be called as subliminal learning or learning through play. Both children and adults can play this game for knowledge and fun. Also, the game helps to improve ability to focus. Basically, it helps to increase learning perseverance and patience. Such features are projected to drive jigsaw toys market growth during the forecast period.
RESTRAINING FACTORS
"Triggering Frustration to Restrict Market Growth "
The game can lead player to frustration if they don’t find a matching piece. High time consumption of the game is predicted to restrict market growth. Increasing chance to lose a pieces is projected to hamper jigsaw toys market growth during the forecast period.
Jigsaw Toys Market REGIONAL INSIGHTS
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"Presence of Low Cost Manufacturing Equipment in Asia Pacific to Drive Market Share "
Asia Pacific is expected to dominate jigsaw toys market share due to presence of low cost manufacturing equipment in China. Increasing growth of moving production bases and ability to manage low cost products is estimated to accelerate market growth. Growing prevalence for price sensitive customers are predicted to accelerate jigsaw toys demand. Increasing number of pre-schools in the region is projected to accelerate market growth.
North America is expected to show considerable market growth due to increasing investments in licensed games and puzzles sections. Increasing innovations and demand for growing focus to introduce new concepts and functions is projected to drive market growth. Increasing disposable income in the region is estimated to fuel market growth. Rising availability of range of the products is projected to drive market growth during the forecast period.
KEY INDUSTRY PLAYERS
"Leading Players Adopted New Lunch Strategy to Stay Competitive"
The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.
List of Market Players Profiled
- Springbok Puzzles (U.S.)
- Robotime (China)
- Disney (U.S.)
- Schmidt Spiele (Germany)
- CubicFun (China)
- Educa Borras (Spain)
- Ravensburger (Germany)
- Artifact Puzzles (U.S.)
- Tenyo (Japan)
- Toy Town (U.K.)
- Cobble Hill (Canada)
- White Mountain Puzzles (U.S.)
- Buffalo Games (U.S.)
- Castorland (U.S.)
- Hape (Geramny)
INDUSTRY DEVELOPMENT
March 2022 – FunsKool introduced a latest and unique blockbuster line of children’s toys. This include board games, puzzles, dough, and others games.
April 2022 – Funskool India Ltd. acquired Goliath. The acquisition is about manufacturing and distributing their[MP1] popular board game “Sequence” in India.
REPORT COVERAGE
This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 458.5 Million in 2022 |
Market Size Value By |
US$ 577.72 Million by 2031 |
Growth Rate |
CAGR of 2.6% from 2022 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the jigsaw toys market expected to touch by 2031?
The global jigsaw toys market is expected to reach USD 577.72 million by 2031.
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What CAGR is the jigsaw toys market expected to exhibit by 2031?
The jigsaw toys market is expected to exhibit a CAGR of 2.6% by 2031.
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Which are the driving factors of the jigsaw toys market?
Drivers of this jigsaw toys market are developing logical reasoning and problem solving and growing demand for cognitive skills.
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Which are the top companies operating in the jigsaw toys market?
Springbok Puzzles, Robotime, Disney, Schmidt Spiele, CubicFun, Educa Borras, Ravensburger Artifact Puzzles, Tenyo, Toy Town, Cobble Hill, White Mountain Puzzles, Buffalo Games, Castorland, and Hape.