• Phone: +1-631-791-1145
  • Email: sales@imarcgroup.com

Indian Toys Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

The Indian toys market was worth US$ 1.5 Billion in 2018, registering a CAGR of 15.9% during the year 2011-2018. The market is further projected to cross US$ 3.3 Billion by 2024, growing at a CAGR of 13.3% during 2019-2024. The existence of toys in India dates back to the Indus Valley Civilization around five thousand years ago. The earliest toys included whistles shaped like birds, toy monkeys which could slide down a string and small carts which were made from materials found in nature such as sticks, clay and rocks. In recent years, the advent of advanced technology and machinery has encouraged manufacturers to produce modern and innovative toys.

Indian toys Market Report

India has one of the largest young population in the world, owing to which, the toy industry in the country has witnessed a rapid growth. The market is brimming with a wide array of both traditional and modern toys. However, with evolving trends, there has been a shift from conventional toys towards innovative and hi-tech electronic toys. For instance, Lego has replaced wooden building blocks while barbie dolls have now taken over traditional cloth dolls.

Indian Toys Market Drivers

  • Driven by a huge consumer base, India represents an important market for toys. With a population of around 1.3 Billion, it is the second largest populated country in the world.  Morever, the country has a very large young population with around half of the total population under the age of 25.
  • The increasing domestic demand for toys in India is also being catalysed by the country’s strong economic growth and rising disposable incomes. India has exhibited strong GDP growth rates for the last several years and now represents amongst the world’s largest economies. Driven by this trend, the middle-class population has experienced strong growth in the region. consumers have more disposable incomes and their spending patterns have also changed. This has resulted in a major shift from traditional, medium- to low-end battery-operated toys, towards innovative electronic toys, intelligent toys as well as upmarket plush toys.
  • There are a large variety of toys currently available in the market. The diverse product category ranges from traditional plush toys, construction and building toys, dolls, board games and puzzles to high-end electronic toys, educational toys, ride-ons, etc. There are toys which are domestically produced by small, medium and large manufactures and also those that are produced from renowned international brands. Each toy category has inexpensive and high-end versions.
  • Online sales channels have also recently witnessed a boom in India with the evolution of smartphones and other digital media. As quality and features of products can be discussed among shoppers, and prices can be compared on various platforms, online sales channels have appeared to be one of the fastest growing distribution channels for toys in India.


Breakup by Toy Type:

On the basis of toy type, plush toys are the most popular segment as they are considered safe and are popular among children of all age groups. Other major toy types include electronic toys, games and puzzles, construction and building toys, dolls, ride-ons, sports and outdoor play toys, infant/pre-school toys and activity toys.

Breakup by Gender:

Based on gender, unisex toys dominate the Indian toys market, accounting for the majority of the overall market share. Unisex toys are followed by girls’ and boys’ toys.

Breakup by Distribution Channel:

The market has further been segmented on the basis of distribution channel into specialty stores, super and hyper markets, online and others. Currently, specialty stores represent the largest distribution channel.

Regional Insights:

On a geographical front, Maharashtra currently represents the largest market. Maharashtra is followed by Tamil Nadu, Karnataka, Gujarat, Delhi and others.

Competitive Landscape:

Some of the leading players operating in the market are:

  • Funskool
  • Lego
  • Mattel
  • Hasbro


This report provides a deep insight into the Indian toys market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the toys market in any manner.

Key Questions Answered in This Report:

  • How has the Indian toys market performed so far and how will it perform in the coming years?
  • What are the key regions in the Indian toys market?
  • Which are the popular toy types in the Indian toys market?
  • Who are the major end-users in the Indian toys market?
  • What are the major distribution channels in the Indian toys market?
  • What are the various stages in the value chain of the Indian toys market?
  • What are the key driving factors and challenges in the Indian toys market?
  • What is the structure of the Indian toys market and who are the key players?
  • What is the degree of competition in the Indian toys market?

1   Preface
2   Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Global Toys Market 
    5.1    Market Overview
    5.2    Market Performance
    5.3    Market Breakup by Toy Type 
    5.4    Market Breakup by Gender 
    5.5    Market Breakup by Distribution Channel 
    5.6    Market Breakup by Region 
    5.7    Market Forecast 
6   Indian Toys Market 
    6.1    Market Overview
    6.2    Market Performance
    6.3    Market Breakup by Toy Type 
    6.4    Market Breakup by Gender 
    6.5    Market Breakup by Distribution Channel 
    6.6    Performance of Various States
    6.7    Market Forecast 
    6.8    Key Price Indicators 
    6.9    SWOT Analysis 
        6.9.1    Overview
        6.9.2    Strengths
        6.9.3    Weaknesses
        6.9.4    Opportunities
        6.9.5    Threats
    6.10    Value Chain Analysis
        6.10.1    Overview 
        6.10.2    Research and Development 
        6.10.3    Raw Material Procurement 
        6.10.4    Manufacturing 
        6.10.5    Quality Control 
        6.10.6    Marketing 
        6.10.7    Distribution 
        6.10.8    Retailers 
        6.10.9    End Users 
    6.11    Porters Five Forces Analysis
        6.11.1    Overview
        6.11.2    Bargaining Power of Buyers
        6.11.3    Bargaining Power of Suppliers
        6.11.4    Degree of Competition
        6.11.5    Threat of New Entrants
        6.11.6    Threat of Substitutes
    6.12    Government Initiatives 
7   Market Breakup by Toy Type 
    7.1    Plush Toys 
        7.1.1    Market Trends
        7.1.2    Market Forecast
    7.2    Electronic Toys 
        7.2.1    Market Trends
        7.2.2    Market Forecast
    7.3    Games and Puzzles 
        7.3.1    Market Trends
        7.3.2    Market Forecast
    7.4    Construction and Building Toys 
        7.4.1    Market Trends
        7.4.2    Market Forecast
    7.5    Dolls 
        7.5.1    Market Trends
        7.5.2    Market Forecast
    7.6    Ride-Ons 
        7.6.1    Market Trends
        7.6.2    Market Forecast
    7.7    Sports and Outdoor Play Toys 
        7.7.1    Market Trends
        7.7.2    Market Forecast
    7.8    Infant/Pre-school Toys 
        7.8.1    Market Trends
        7.8.2    Market Forecast
    7.9    Activity Toys 
        7.9.1    Market Trends
        7.9.2    Market Forecast
    7.10    Other Toys 
        7.10.1    Market Trends
        7.10.2    Market Forecast
8   Market Breakup by Gender 
    8.1    Unisex Toys 
        8.1.1    Market Trends
        8.1.2    Market Forecast
    8.2    Toys for Boys 
        8.2.1    Market Trends
        8.2.2    Market Forecast
    8.3    Toys for Girls 
        8.3.1    Market Trends
        8.3.2    Market Forecast
9   Market Breakup by Distribution Channel 
    9.1    Specialty Stores 
        9.1.1    Market Trends
        9.1.2    Market Forecast
    9.2    Super Markets and Hyper Markets 
        9.2.1    Market Trends
        9.2.2    Market Forecast
    9.3    Online 
        9.3.1    Market Trends
        9.3.2    Market Forecast
    9.4    Others 
        9.4.1    Market Trends
        9.4.2    Market Forecast
10  Performance by Various States 
    10.1    Maharashtra 
        10.1.1    Market Trends
        10.1.2    Market Forecast
    10.2    Tamil Nadu 
        10.2.1    Market Trends
        10.2.2    Market Forecast
    10.3    Karnataka 
        10.3.1    Market Trends
        10.3.2    Market Forecast
    10.4    Gujarat 
        10.4.1    Market Trends
        10.4.2    Market Forecast
    10.5    Delhi 
        10.5.1    Market Trends
        10.5.2    Market Forecast
    10.6    Other States 
        10.6.1    Market Trends
        10.6.2    Market Forecast
11  Toys Manufacturing Process 
    11.1    Product Overview 
    11.2    Raw Material Requirement 
    11.3    Various Types of Unit Operations Involved 
    11.4    Key Success and Risk Factors 
12  Competitive Landscape 
    12.1    Market Structure 
    12.2    Market Breakup by Key Players 
13  Key Players Profiles 
    13.1    Funskool  
    13.2    Lego 
    13.3    Mattel 
    13.4    Hasbro


List of Figures

Figure 1: India: Toys: Major Drivers and Challenges
Figure 2: Global: Toys Market: Value Trends (in Billion US$), 2011-2018
Figure 3: Global: Toys Market: Breakup by Product Type (in %), 2018
Figure 4: Global: Toys Market: Breakup by Gender (in %), 2018
Figure 5: Global: Toys Market: Breakup by Distribution Channel (in %), 2018
Figure 6: Global Toys Market: Breakup by Region (in %), 2018
Figure 7: Global: Toys Market Forecast: Value Trends (in Billion US$), 2019-2024
Figure 8: India: Toys Market: Value Trends (in Billion US$), 2011-2018
Figure 9: India: Toys Market: Breakup by Product Type (in %), 2018
Figure 10: India: Toys Market: Breakup by Gender (in %), 2018
Figure 11: India: Toys Market: Breakup by Distribution Channel (in %), 2018
Figure 12: India: Toys Market: Performance of Various States (in %), 2018
Figure 13: India: Toys Market Forecast: Value Trends (in Billion US$), 2019-2024
Figure 14: Toys Manufacturing: Breakup of Production Cost (in %)
Figure 15: India: Toys Industry: SWOT Analysis
Figure 16: India: Toys Market: Value Chain Analysis
Figure 17: India: Toys Market: Porter’s Five Forces Analysis
Figure 18: India: Plush Toys Market: Value Trends (in Million US$), 2011 & 2018
Figure 19: India: Plush Toys Market Forecast: Value Trends (in Million US$) 2019-2024
Figure 20: India: Electronic Toys Market: Value Trends (in Million US$), 2011 & 2018
Figure 21: India: Electronic Toys Market Forecast: Value Trends (in Million US$) 2019-2024
Figure 22: India: Games and Puzzles Market: Value Trends (in Million US$), 2011 & 2018
Figure 23: India: Games and Puzzles Market Forecast: Value Trends (in Million US$) 2019-2024
Figure 24: India: Construction and Building Toys Market: Value Trends (in Million US$), 2011 & 2018
Figure 25: India: Construction and Building Toys Market Forecast: Value Trends (in Million US$) 2019-2024
Figure 26: India: Dolls Market: Value Trends (in Million US$), 2011 & 2018
Figure 27: India: Dolls Market Forecast: Value Trends (in Million US$) 2019-2024
Figure 28: India: Ride-on Toys Market: Value Trends (in Million US$), 2011 & 2018
Figure 29: India: Ride-On Toys Market Forecast: Value Trends (in Million US$) 2019-2024
Figure 30: India: Sports and Outdoor Play Toys Market: Value Trends (in Million US$), 2011 & 2018
Figure 31: India: Sports and Outdoor Play Toys Market Forecast: Value Trends (in Million US$) 2019-2024
Figure 32: India: Infant/Pre-School Toys Market: Value Trends (in Million US$) 2011 & 2018
Figure 33: India: Infant/Pre-school Toys Market Forecast: Value Trends (in Million US$) 2019-2024
Figure 34: India: Activity Toys Market: Value Trends (in Million US$) 2011 & 2018
Figure 35: India: Activity Toys Market Forecast: Value Trends (in Million US$) 2019-2024
Figure 36: India: Other Toys Market: Value Trends (in Million US$), 2011 & 2018
Figure 37: India: Other Toys Market Forecast: Value Trends (in Million US$) 2019-2024
Figure 38: India: Toys (Unisex) Market: Value Trends (in Million US$), 2011 & 2018
Figure 39: India: Toys (Unisex) Market Forecast: Value Trends (in Million US$) 2019-2024
Figure 40: India: Toys (Boys) Market: Value Trends (in Million US$), 2011 & 2018
Figure 41: India: Toys (Boys) Market Forecast: Value Trends (in Million US$) 2019-2024
Figure 42: India: Toys (Girls) Market: Value Trends (in Million US$), 2011 & 2018
Figure 43: India: Toys (Girls) Market Forecast: Value Trends (in Million US$) 2019-2024
Figure 44: India: Toys Market: Sales through Specialty Stores (in Million US$), 2011 & 2018
Figure 45: India: Toys Market Forecast: Sales through Specialty Stores (in Million US$) 2019-2024
Figure 46: India: Toys Market: Sales through Supermarkets and Hypermarket (in Million US$), 2011 & 2018
Figure 47: India: Toys Market Forecast: Sales through Supermarkets and Hypermarkets (in Million US$) 2019-2024
Figure 48: India: Toys Market: Sales through Online Stores (in Million US$), 2011 & 2018
Figure 49: India: Toys Market Forecast: Sales Through Online Stores (in Million US$) 2019-2024
Figure 50: India: Toys Market: Sales through Other Distribution Channels (in Million US$) 2011 & 2018
Figure 51: India: Toys Market Forecast: Sales through Other Distribution Channel (in Million US$) 2019-2024
Figure 52: India: Toys Market Forecast: Performance of Key Regions (in Million US$), 2019-2024
Figure 53: Maharashtra: Toys Market: Value Trends (in Million US$), 2011 & 2018 
Figure 54: Maharashtra: Toys Market Forecast: Value Trends (in Million US$) 2019-2024
Figure 55: Tamil Nadu: Toys Market: Value Trends (in Million US$), 2011 & 2018
Figure 56: Tamil Nadu: Toys Market Forecast: Value Trends (in Million US$) 2019-2024
Figure 57: Karnataka: Toys Market: Value Trends (in Million US$), 2011 & 2018
Figure 58: Karnataka: Toys Market Forecast: Value Trends (in Million US$) 2019-2024
Figure 59: Gujarat: Toys Market: Value Trends (in Million US$), 2011 & 2018
Figure 60: Gujarat: Toys Market Forecast: Value Trends (in Million US$) 2019-2024
Figure 61: Delhi: Toys Market: Value Trends (in Million US$), 2011 & 2018
Figure 62: Delhi: Toys Market Forecast: Value Trends (in Million US$) 2019-2024
Figure 63: Other States: Toys Market: Value Trends (in Million US$), 2011 & 2018
Figure 64: Other States: Toys Market Forecast: Value Trends (in Million US$) 2019-2024
Figure 65: Plush Toy Manufacturing: Detailed Process Flow
Figure 66: India: Toys Market: Breakup by Key Players (in %), 2018


List of Tables

Table 1: Global: Toys Market: Key Industry Highlights, 2018 and 2024
Table 2: India: Toys Market: Key Industry Highlights, 2018 and 2024
Table 3: India: Toys Market Forecast: Market Breakup by Product Type (in Million US$), 2019-2024
Table 4: India: Toys Market Forecast: Breakup by Gender (in Million US$), 2019-2024
Table 5: India: Toys Market Forecast: Market Breakup by Distribution Channel (in Million US$), 2019-2024
Table 6: Plush Toy Manufacturing: Raw Material Requirement
Table 7: India: Toys Industry: Competitive Structure

Note: We value your privacy and will never rent or sell your email address. Privacy policy

Purchase Options




$ 1999

REACH OUT TO US

Call us on

( US: +1-631-791-1145 )
( UK: +44-702-409-7331 )
( India: +91-120-433-0800 )


Drop us an email at

sales@imarcgroup.com

Social Links