India Educational Toys Industry

The India educational toys market size was estimated at USD 2.83 billion in 2023 and it is projected to grow at a CAGR of 14.0% from 2024 to 2030. The projected growth can be attributed to aspects such increasing awareness regarding role of early childhood education in overall growth of children, significance of early age learning in cognitive development, availability of numerous alternatives that offer extremely helpful educational toys and acknowledgement by parents and educators. In addition, constant encouragement by government bodies related to education and welfare of children to innovate and launch such products has been assisting the market to grow at rapid pace.

The India market accounted for a share of 5.3% of the global educational toys market in 2023. The educational toys market in India has been growing at rapid pace. The toys industry in country has cultural significance as well as deep-rooted presence across its history. Making of toys can dated back to ancient civilisation times in India. However, with overall economic growth of the region, retain industry started exploring this market. The industry has evolved through lot of phases in terms of technology of making, designs, textures, materials used in making and more. In recent past, educational toys have been generating greater demand in the country. Emergence of science kits, coding game apps and other such combinations of fun and learning have been fuelling this industry like never before.

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After technology took over the world, toys such as remote controlled cars, robotic games, and interactive toys gained huge attention from customers. International businesses, domestic companies operating on large scale and brands marketed by big retails stores collected unprecedented revenues from toys industry in India. Mass-manufactured toys dumped in market by technologically advanced nations also occupied a large market share in India. Global companies such as Mattel, Hasbro, Lego have also entered the Indian toys market.

In terms of educational toys, the demand is growing every year. Mainly, increased awareness in educators has led to this scenario. Schools and other learning environment are now fully equipped with such toys as they provide stimulation for cognitive development, psychological growth and help in understanding concepts such as gravity, volume, depth, length, basic math, logic and more.

Distribution Channel Insights

The offline sales of educational toys in India accounted for a share of 65.3% in 2023. Places such as supermarkets & hypermarkets, specialty stores, shopping malls, local toy stores in towns are part of offline distribution channels. These places are closer to residential areas and workspaces as well, where parents of young children spend most of their day. The distribution is effective through this channel as it provides added features to experience such as immediate possessions and opportunity to examine aspects such as quality, materials used and the overall durability.

The online sales of educational toys are expected to grow at a CAGR of 15.8% from 2024 to 2030. The privacy factor offered by online shopping experience is accompanied by several other added factors such as doorstep delivery, reviews by previous customers, product descriptions, return & refund policy, customer support services and more. These aspects are encouraging great number of customers to opt for online shopping to educational toys. In addition, increased availability of internet, growing information accessibility, and unceasing growth in smart phone technology penetration has resulted in upsurge in use of online retailing websites. Furthermore, lucrative discounts offered by global and domestic e-retailers are luring more number of buyers towards them.

Product Insights

Building & construction sets accounted for share of 25.6% in 2023. Role-play toys, STEM toys, art & craft kits, music toys, interactive toys, games & puzzles, instruments, language and literacy toys, brainteasers, etc. are some other types of the educational toys available in the industry. Distinguish characteristics of constructions sets attract more consumers. Such sets toys fascinate children and generate more responsiveness from them. Unknowingly, children are engaged in activities such as experiment, discovery, effort, and more. These sets encourage them to use their imaginations to optimum level while keeping them abide to a particular form in order to let them explore different possibilities to complete the task at hand.

Key India Educational Toys Company Insights

The India educational toys market is characterized by local vendors, brands, artisans and other market participants contributing to the competitive landscape, which already has the presence of global and well-established brands.

Key India Educational Toys Companies:

  • Smartivity
  • Mattel, Inc.
  • Hasbro
  • Lego
  • Bandai Namco
  • Funskool
  • Hamleys
  • Playgro
  • Intelliskills
  • Shumee

Recent Developments

  • In May 2023, well-known brand is Indian toys industry, Funskool India Ltd. launched range of educational toys which are designed to enhance physical abilities, coordination, motor skills, creativity among children.

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