Company: KMRK
Filing Date: 2025-01-02
Form Type: DRS
Source: 0001213900-25-000267
Chunk: 109

Company: K-TECH SOLUTIONS CO LTD
Filing Date: 2025-01-02
Form: DRS
Chunk 109
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 the U.S. accounted for nearly 74% of the revenue share in the toys and games sector, highlighting its dominant position. The market is projected to witness growth over the forecast period, driven by the increasing popularity of educational toys and STEM -focusedgames, which parents are choosing to provide their children with both entertainment and learning opportunities. Popular media and entertainment franchises, with licensed toys and games based on movies, TV shows, and video games, are becoming increasingly popular among consumers. This trend is anticipated to fuel regional market growth. Additionally, factors such as rising disposable incomes and a growing population of children aged 0 – 14 are expected to further drive market expansion. The rise of e -commerceplatforms has also made it easier for consumers to purchase toys, providing an additional boost to market growth. The market is segmented into various categories, including action figures, dolls, games and puzzles, and outdoor and sports toys. Among these segments, action figures are expected to experience the highest growth during the forecast period, largely due to the increasing popularity of superhero movies and TV shows, which continue to drive demand for these products. Moreover, the outdoor and sports toys segment is also expected to see significant growth during the forecast period, owing to growing awareness of the importance of physical activity among children. This segment includes products such as bicycles, skateboards, and sports equipment. The following chart illustrates the total U.S. toy sales from 2019 to 2023. Source: International Council of Toy Industries, Migo Overview of Toys Product Market in Europe The European Toys & Games market is poised for steady growth over the next few years, with a projected CAGR of 4.42% between 2023 and 2027. This growth is expected to bring the market to a significant value of US$50.11 billion by the end of the forecast period. 65 Several factors are driving this expansion, including rising disposable incomes, innovations in toy technology, and the increasing popularity of licensed products featuring characters from movies, TV shows, and video games. Additionally, the demand for educational toys continues to grow as parents prioritize products that combine entertainment with learning opportunities for their children. The European market is characterized by a blend of well -establishedlocal companies and prominent international brands. Furthermore, the market is experiencing a shift toward eco -friendlyproducts and sustainable packaging, reflecting growing consumer awareness and concern about environmental impacts. Competitive Landscape of the Toy Exporters Industry in Hong Kong The toy industry is fragmented and experiencing moderate growth. The degree of innovation in the market is