Canada Educational Toys Market Size & Outlook, 2023-2030
Canada educational toys market, 2018-2030 (US$M)
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Canada educational toys market highlights
- The Canada educational toys market generated a revenue of USD 5,145.6 million in 2023 and is expected to reach USD 11,464.7 million by 2030.
- The Canada market is expected to grow at a CAGR of 12.1% from 2024 to 2030.
- In terms of segment, building & construction sets 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 5,145.6 million |
| Market revenue in 2030 | USD 11,464.7 million |
| Growth rate | 12.1% (CAGR from 2023 to 2030) |
| Largest segment | Building & construction sets |
| 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, Canada accounted for 10.0% 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 |
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Canada 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.
Building & construction sets was the largest segment with a revenue share of 22.21% in 2023. Horizon Databook has segmented the Canada 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.
With the trend of the rising importance of STEM skills for career advancement, there is a growing awareness among Canadians about the socio-economic barriers hindering students from pursuing STEM education and careers, with 76% facing these challenges.
Amazon Canada is committed to supporting the next generation of STEM learners by ensuring equal access to educational opportunities. This initiative aims to increase accessibility to STEM learning, fostering innovation and skill development among Canadian kids.
Furthermore, toys play a significant role in facilitating learning and skill development among children. Products like blocks, play dough, craft kits, board games, and musical toys not only enhance motor skills but also promote creativity and problem-solving abilities.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Canada educational toys market , including forecasts for subscribers. This country databook contains high-level insights into Canada educational toys market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada educational toys market size, by product, 2018-2030 (US$M)
Canada Educational Toys Market Outlook Share, 2023 & 2030 (US$M)
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