Mexico Educational Toys Market Size & Outlook, 2023-2030
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Mexico educational toys market highlights
- The Mexico educational toys market generated a revenue of USD 3,398.3 million in 2023 and is expected to reach USD 7,287.2 million by 2030.
- The Mexico market is expected to grow at a CAGR of 11.5% from 2024 to 2030.
- In terms of segment, games & puzzles was the largest revenue generating product in 2023.
- STEM Toys is the most lucrative product segment registering the fastest growth during the forecast period.
Educational toys market data book summary
| Market revenue in 2023 | USD 3,398.3 million |
| Market revenue in 2030 | USD 7,287.2 million |
| Growth rate | 11.5% (CAGR from 2023 to 2030) |
| Largest segment | Games & puzzles |
| Fastest growing segment | STEM Toys |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Building & Construction Sets, Role Play Toys, Art & Craft Kit, STEM Toys, Games & Puzzles, Musical Toys/Instruments |
| Key market players worldwide | The LEGO Group, Spin Master Corp Shs Subord Voting, Mattel Inc, VTech Holdings Ltd, Hasbro Inc, BYJU'S, Ravensburger, Sphero, Fat Brain Toys |
Other key industry trends
- In terms of revenue, Mexico accounted for 6.6% of the global educational toys market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. educational toys market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 11,464.7 million by 2030.
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Educational Toys Market Scope
Educational Toys Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Fat Brain Toys | View profile | 101-250 | Elkhorn, Nebraska, United States, North America | https://www.fatbraintoys.com |
| BYJU'S | View profile | 10001+ | Bangalore, Karnataka, India, Asia | http://www.byjus.com |
| Ravensburger | View profile | 5001-10000 | Ravensburg, Baden-Wurttemberg, Germany, Europe | https://www.ravensburger.de |
| Sphero | View profile | 101-250 | Boulder, Colorado, United States, North America | http://www.sphero.com/ |
| The LEGO Group | View profile | 10001+ | Billund, Syddanmark, Denmark, Europe | http://www.lego.com |
| VTech Holdings Ltd | View profile | 19500 | Block 1, 57 Ting Kok Road, Tai Po, 23rd Floor, Tai Ping Industrial Centre, New Territories, Hong Kong, Hong Kong | https://www.vtech.com |
| Hasbro Inc | View profile | 5502 | 1027 Newport Avenue, P.O. Box 1059, Pawtucket, RI, United States, 02861 | https://www.hasbro.com |
| Spin Master Corp Shs Subord Voting | View profile | 2400 | 225 King Street West, Suite 200, Toronto, ON, Canada, M5V 3M2 | https://www.spinmaster.com |
| Mattel Inc | View profile | 33000 | 333 Continental Boulevard, El Segundo, CA, United States, 90245-5012 | https://corporate.mattel.com |
Mexico educational toys market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to educational toys market will help companies and investors design strategic landscapes.
Games & puzzles was the largest segment with a revenue share of 26.53% in 2023. Horizon Databook has segmented the Mexico educational toys market based on building & construction sets, role play toys, art & craft kit, stem toys, games & puzzles, musical toys/instruments covering the revenue growth of each sub-segment from 2018 to 2030.
A surge in the demand for didactic and educational toys has been witnessed in Mexico over the past few years. These toys, designed to cultivate problem-solving skills, creativity, and imagination in children, are gaining traction among Mexican parents.
As parents are the primary purchasers of gifts for their children, there is an increased interest in educational toys that offer substantive developmental benefits alongside entertainment value. This reflects a broader trend within the educational toys market, where products are sought not only for amusement but also for their capacity to support children's holistic growth and learning.
Moreover, in April 2023, WHP Global, the parent company of Toys ‘R’ Us, announced a strategic partnership with omnichannel retailer El Puerto de Liverpool to introduce the iconic toy brand to Mexico for the first time.
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Target buyers of Mexico educational toys market databook
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Our clientele includes a mix of educational toys market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Mexico educational toys market , including forecasts for subscribers. This country databook contains high-level insights into Mexico educational toys market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico educational toys market size, by product, 2018-2030 (US$M)
Mexico Educational Toys Market Outlook Share, 2023 & 2030 (US$M)
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