Science, Technology, Engineering and Mathematics (STEM) Toys Market: 35% of Growth to Originate from APAC | Market Size to Grow by USD 964.09 Million from 2020-2025 – QNT Press Release


NEW YORK, June 30, 2022 /PRNewswire/ — The introduction of subscription services for STEM toys is expected to be a key trend of the Science, Technology, Engineering and Mathematics (STEM) Toys Market share growth. Many online retailers provide subscription services for STEM toys in addition to retail services. The shift toward context-based education has increased the adoption of STEM toys in the learning environment. Amazon launched its STEM toy club subscription service with a focus on working parents. The company provides a STEM toy that encourages learning about core STEM aspects, for a chargeable monthly subscription fee. STEM toys are handpicked by STEM experts to ensure safety and compatibility to age groups (3-5 years, 5-7 years, and 8-13 years). Subscription services for STEM toys are expected to increase awareness about them and educational toy products. This will offer vendors the potential to expand their customer base. For instance, in September 2019JOANN and GoldieBlox offered a plan to sign up for the GoldieBlox Box, a monthly craft subscription box to encourage the development of STEM skills in kids.

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The STEM Toys Market value is set to grow by USD 964.09 millionprogressing at a CAGR of 5% from 2020 to 2025, as per the latest report by Technavio.

STEM Toys Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 5%

Market growth 2021-2025

$964.09 million

Market structure

Fragmented

YoY growth (%)

3.86

Regional analysis

APAC, North America, Europe, MEA, and South America

Performing market contribution

APAC at 35%

Full story available on Benzinga.com



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