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NEW YORK, Aug. 30, 2022 /PRNewswire/ — The “Science, Technology, Engineering And Mathematics (STEM) Toys Market – Forecast and Analysis 2021-2025” report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years. The science, technology, engineering, and mathematics (STEM) toys market share is expected to increase by USD 964.09 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 5%. Technavio categorizes the science, technology, engineering, and mathematics (STEM) toys market as a part of the global education services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the science, technology, engineering, and mathematics (STEM) toys market during the forecast period – To know more about the parent market analysis –Click Now!
Science, Technology, Engineering and Mathematics (STEM) Toys Market – Segmentation Analysis
The science, technology, engineering, and mathematics (stem) toys market report is segmented by Distribution Channel (offline and online) and Geography (APAC, North America, EuropeMEA, and South America).
Revenue Generating Segment
- The science, technology, engineering, and mathematics (STEM) toys market share growth by the offline segment will be significant for revenue generation.
- Globalization has spurred investments in traditional commerce and has subsequently increased the number of specialty toy stores providing scientific and educational toys. Customers with impulsive buying behavior prefer to shop STEM toys from the offline channel as they can make an immediate purchase and get possession of the product on the spot after making the purchase
- The changing learning approach in educational institutes, ie, a shift from traditional exams to a concept-oriented approach, has played a major role in the growth of the STEM toy market during 2020 and is expected to grow during the forecast period.
Regional Highlights
- 35% of the market’s growth will originate from APAC during the forecast period.
- Japan and China are the key markets for science, technology, engineering, and mathematics (STEM) toys in APAC. Market growth in this region will be faster than the growth of the market in other regions.
- Parents and teachers encourage context-based learning over traditional exam-oriented learning for students in classrooms and related learning environments.
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