
Published On: Jul 2022
Published On: Jul 2022
According to a new market research study on “Asia-Pacific Inflatable Toys Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by End Use, Type, and Distribution Channel,” is expected to reach US$ 836.89 million by 2028 from US$ 610.31 million in 2021. The market is estimated to grow at a CAGR of 4.6% from 2021 to 2028. Development of sustainable and nontoxic inflatable toys is the major factor driving the growth of the Asia-Pacific inflatable toys market. However, presence of unorganized market may hinder the growth of Asia-Pacific inflatable toys market. The report provides trends prevailing in the Asia-Pacific inflatable toys market along with the drivers and restraints pertaining to the market growth.
The Asia-Pacific inflatable toys market is segmented into end use, type, distribution channel, and country. Based on end use, the Asia-Pacific inflatable toys market is segmented into residential and commercial. In 2020, the residential segment held the largest share Asia-Pacific inflatable toys market. Based on type, the Asia-Pacific inflatable toys market is segmented into inflatable pool, inflatable animal, inflatable ball, and others. In 2020, the others segment held the largest share Asia-Pacific inflatable toys market. Based on distribution channel, the Asia-Pacific inflatable toys market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. In 2020, the specialty stores segment held the largest share Asia-Pacific inflatable toys market. Similarly, based on country, the market is segmented into China, Japan, India, Australia, South Korea, and the rest of Asia-Pacific. China contributed a substantial share in 2020.
Bestway Inflatables and Material Corp.; General Inflatable; Happy Inflatable Co. Ltd.; Intex Marketing Ltd; Little Tikkes; Omega Inflatables Factory; and Waddle & Friends, Inc. are among the leading companies in the Asia-Pacific inflatable toys market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
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