However, the market still consists of small yet key vendors such as Ravensburger, Spin Master, Learning Resources, Sphero, and Melissa & Doug. LEGO, Hasbro, and Mattel are enjoying a strong position in the global science, technology, engineering, and mathematics toys market. Need for Motor Skills and Cognitive Development.The following factors are likely to contribute to the growth of the STEM Toys market during the forecast period: Competitive Landscape – 10 key vendors and 22 other vendors.Market Segmentation – A detailed analysis by age group, category, distribution, and geography.Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities.Market Size & Forecast by Revenue | 2019−2025.Factors such as a high spending power among millennials, inclination toward interactive electronic games, and high urbanization drive the growth of the educational toys market in North America. North America was the largest STEM toys market with a share of contributed over 33% in 2019.

Amazon, eBay, Best Buy, JD.com, and Alibaba are online retailers.

The concept of toy subscription features from Amazon has been a gamechanger in online distribution models.

Like board games, engineering toys are used for the development of strategic and building skills among teenagers and are expected to grow at a CAGR of close to 7%.

Europe and North America are likely to grow at impressive growth rates.

The science segment is expected to pose an absolute growth of 44% during the forecast period.

The increasing popularity of high-end construction and engineering, circuits and electricity, DIY projects, robotics & coding, AI, and sensor-based interactive toys are increasing the 12+ years age group segment's market growth.

The analysis of the market forecasts that the industry will witness 1.5 times growth during the forecast period.

The STEM toys market is expected to grow at a CAGR of over 7% during the period 2019−2025. 8, 2021 /PRNewswire/ - In-depth analysis and data-driven insights on the impact of COVID-19 included in this global STEM toys market report.

Spin master board games