Saudi Arabia Toys and Games Market Size Booming at Significant CAGR of 11.28% to Surpass USD 1.1 Billion by 2030

Published | 27 February 2024

Saudi Arabia Toys and Games Market is flourishing because of the growing younger population and thriving e-commerce sector.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Saudi Arabia Toys and Games Market size at USD 629.92 million in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the Saudi Arabia Toys and Games Market size to expand at a CAGR of 11.28% reaching a value of USD 1,103.55 million by 2030. Growing awareness about the advantages of classic games for kids' cognitive development is a major driver of growth in the Saudi Arabian Toys and Games Market. The Kingdom's high spending power and the rising popularity of e-commerce marketplaces like Amazon.com are also expected to further boost the growth of Saudi Arabia Toys and Games Market during the period in analysis.

Opportunity: Growing popularity of e-commerce platforms

Saudi Arabia is witnessing substantial growth in in its e-commerce sector, with an increasing number of consumer goods platforms, including Amazon.com, Noon.com, Salla.sa, and aliexpress.com. Online shopping is gaining significant popularity among consumers in the Kingdom owing to the convenience it offers. These platforms allow customers to compare a wide range of products and their prices and offer discounts, rewards, and cash back under their customer retention programs. Furthermore, high per capita income and a growing female workforce are anticipated to drive the e-commerce sector, proliferating the growth of the Saudi Arabia Toys and Games Market.

Sample Request @ https://www.blueweaveconsulting.com/report/saudi-arabia-toys-and-games-market/report-sample

Saudi Arabia Toys and Games Market

Segmental Coverage

Saudi Arabia Toys and Games Market – By Age Group

Based on age group, the Saudi Arabia Toys and Games Market is segmented into 0–3 years, 3–5 years, 5–12 years, 12–15 years, and above 15 years. The above 15-year segment accounts for the highest market share. However, the 5–12 years age group is anticipated to witness growth at a high CAGR over the forecast period. Children of this age group have better motor skills compared to their younger counterparts; therefore, this age group has a higher demand for toys and games for outdoor activities. Moreover, the rising popularity of recreational activities in the above 15 years age groups is anticipated to drive the demand for toys and games over the forecast period.

Competitive Landscape

Major players operating in the Saudi Arabia Toys and Games Market include Toy Triangle, Toys R Us, Simba Toys, ToysBrand, Toy Town, Clementoni, Melissa & Doug., Lego, Wasit Saudi Corp., and Guangdong Family of Childhood Industrial Co., Ltd. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Don’t miss the business opportunity in the Saudi Arabia Toys and Games Market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and the Saudi Arabia Toys and Games Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Saudi Arabia Toys and Games Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

About Us

BlueWeave Consulting provides comprehensive Market Intelligence (MI) Solutions to businesses regarding various products and services online and offline. We offer all-inclusive market research reports by analyzing qualitative and quantitative data to boost the performance of your business solutions. BlueWeave has built its reputation by delivering quality inputs and nourishing long-lasting relationships with its clients. We are one of the promising digital MI solutions companies providing agile assistance to make your business endeavors successful.

Contact Us:

BlueWeave Consulting & Research Pvt Ltd

+1 866 658 6826 | +1 425 320 4776 | +44 1865 60 0662

info@blueweaveconsulting.com