You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.

LONDON--(BUSINESS WIRE)--Global educational toys market is set to grow by USD 24.30 bn during 2020-2024 and register a CAGR of about 15%, according to the latest market research report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. Receive Latest Free Sample Report in Minutes The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Engino.net Ltd., Hasbro Inc., Johnco Productions Pty Ltd., Learning Resources Ltd., LEGO System AS, Mattel Inc., Melissa & Doug LLC, MindWare Inc., Ravensburger AG, and VTech Holdings Ltd. are some of the major market participants. The increasing demand for smart toys will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. Educational Toys Market 2020-2024: Segmentation Educational Toys Market is segmented as below: To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR44275 Educational Toys Market 2020-2024: Vendor Analysis and Scope To help businesses improve their market position, the educational toys market provides a detailed analysis of around 25 vendors operating in the market. Some of these vendors include Engino.net Ltd., Hasbro Inc., Johnco Productions Pty Ltd., Learning Resources Ltd., LEGO System AS, Mattel Inc., Melissa & Doug LLC, MindWare Inc., Ravensburger AG, and VTech Holdings Ltd. The report also covers the following areas: Market trends such as the growing popularity of green toys is likely to emerge as one of the primary drivers of the market. However, the threat from counterfeit products is may threaten the growth of the market. Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform Backed with competitive intelligence and benchmarking, our research reports on the educational toys market are designed to provide entry support, customer profile & M&As as well as go-to-market strategy support. Related Reports on Consumer Discretionary Include: Global Smart Toys Market - Global smart toys market is segmented by technology (Wi-Fi, Bluetooth, and others), distribution channel (offline and online), and geography (APAC, Europe, MEA, North America, and South America). Click Here to Get an Exclusive Free Sample Report Global Toys and Games Market - Global toys and games market is segmented by product (activity and ride-on toys, infant and pre-school toys, plush toys, games and puzzles, and others), distribution channel (offline distribution channel, and online distribution channel), and geography (APAC, Europe, MEA, North America, and South America). Click Here to Get an Exclusive Free Sample Report Educational Toys Market 2020-2024: Key Highlights Table of Contents: Executive Summary Market Landscape Market Sizing Five Forces Analysis Market Segmentation by Product Market Segmentation by Age Customer landscape Geographic Landscape Vendor Landscape Vendor Analysis Appendix Technavios in-depth market research reports now include a thorough analysis of the COVID-19 impact on various markets to help industry leaders navigate their business through the new normal. Receive Latest Free Sample Report in Minutes About Us Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavios report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Answer: $24.3 Billion Growth in Global Educational Toys Market | Increasing Demand for Smart Toys to Boost Growth |Technavio