According to a report by Statista, the global toys and hobby products market amounted to $568.8 billion in 2022. The market is expected to grow at a CAGR of 6.9% during the forecast period of 2022 to 2026, to reach $742.8 billion by 2026. This growth will be fuelled by an increase in online sales, a rise in demand for eco-friendly and high-quality toys, a fierce price competition and rapidly changing consumer preferences. Moreover, the increase in disposable income as well as a growing awareness of a balanced work and private life is encouraging consumers to spend more money on their hobbies, further boosting market growth. However, the rising popularity of online gaming and concerns about the usage of harmful chemicals in toy manufacturing is restraining market growth.
According to a report by Arizton Advisory and Intelligence, the Europe doors and windows market was valued at $61.2 billion (£59.7 billion) in 2022 and