Company: KMRK
Filing Date: 2025-05-19
Form Type: F-1
Source: 0001213900-25-045262
Chunk: 112

Company: K-TECH SOLUTIONS CO LTD
Filing Date: 2025-05-19
Form: F-1
Chunk 112
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 and capable of supporting parent-child interaction while encouraging learning and creativity are in high demand. Market Size of Toy Exports in Hong Kong According to the Hong Kong Trade Statistics from the Census and Statistics Department, the exports of traditional toys and games were valued at approximately HK$6,013.8 million (US$____), while electronic and video games were valued at approximately HK$4,266.2 million (US$_____) in Hong Kong as of the end of September 2024. In 2023, the export of traditional toys and games in Hong Kong was valued at approximately HK$7,415.8 million (US$____), reflecting a 1.6% decrease compared to the previous year. In contrast, the export of electronic and video games in Hong Kong in 2023 was valued at approximately HK$10,074.2 million (US$____), reflecting a 1.2% increase compared to the previous year. Market Drivers Rising Consumer Demand for Innovation Trends in Creative Play:Parents and children are increasingly seeking innovative and interactive toys that enhance creative play and learning experiences. Manufacturers must adapt to these preferences by incorporating new technologies and creative designs. Educational and STEM Toys:The growing interest in educational toys, particularly those focused on STEM, is driving toy exporters to develop products that combine fun with learning. Establishment of Sales Channels The rapid growth of e -commercehas fundamentally transformed the retail landscape for toys. Online shopping offers consumers greater convenience and access to a wider variety of products compared to traditional retail channels. Consumers can easily compare prices, read reviews, and discover niche products through various online platforms, thereby increasing overall competition in the market. Reliable and Responsive Suppliers Most toy companies outsource manufacturing to overseas suppliers, particularly in developing countries where production costs are lower. Establishing strong relationships with reliable suppliers is crucial, but these partnerships often take years to develop. Companies must invest in building trust and open communication channels to ensure consistent product quality and timely production. 69 R&D capabilities As consumer preferences become increasingly diverse and sophisticated, companies require robust research and development (R&D) capabilities to create appealing product designs and enhance product performance. Investing in R&D enables companies to innovate and differentiate their products effectively. This requires substantial capital and accumulated expertise, highlighting the importance of continuous improvement and adaptation to evolving consumer demands. Overview of Toys Product Market in North America According to the Toy Association, U.S. retail sales of toys generated US$28.0 billion in 2023, reflecting an 8% decline from the previous year. Despite this decrease