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Colombia Toys Market Size, Share, Growth, Report, Forecast: By Product Type: Action Figures, Building Sets, Dolls, Games and Puzzles, Sports and Outdoor Toys, Plush, Others; By Age Group: Up To 5 Years, Between 5 To 10 Years, Above 10 Years; By Distribution Channel: Supermarkets and Hypermarkets; Others; Competitive Landscape; 2024-2032
Colombia Toys Market Outlook
The Colombia toys market size is estimated to expand at a CAGR of 6.10% between 2024 and 2032.
Key Takeaways
- Some of the leading online stores for toys in Colombia are amazon.com, exito.com, claro.com.co, pepeganga.com, and carulla.com.
- A large number of Colombia toys manufacturers rely on collaborations and joint ventures to enhance their participation and brand value in the global market, enabling them to remain updated with the current trends and the latest technologies.
- The majority of the local toy companies are situated in the nation's capital, Bogota, as well as in Antioquia.
The Colombia toys market growth is driven by the rise in disposable incomes, the emergence of online platforms, and the increasing demand for educational toys. The integration of advanced technologies in toy production and the rising demand for toys as a gifting option have also contributed to the expansion of the market. Major companies are incorporating innovative technologies like 3D printing, augmented reality, and virtual reality in the manufacturing process, thereby shaping the future of the market.
The rise in toy purchases by parents in Colombia, driven by higher disposable income and a growing emphasis on social and cognitive development, is positively influencing the market. Key industry players are prioritizing the production of STEM (Science, Technology, Engineering, and Mathematics) toys to appeal to a wider range of consumers. STEM toys aid children in enhancing their critical thinking, refining hand-eye coordination, and advancing their motor skills. These benefits are driving the popularity of educational toys, consequently driving up the Colombia toys market share.
The Colombian market for toys is being influenced by the increasing awareness among consumers regarding the use of environmentally friendly materials. Toy manufacturers are responding to this demand by utilising ecofriendly packaging materials like kraft paper and cornstarch, which are natural, and durable, and help reduce the environmental footprint. Additionally, the rise in Internet usage and smartphone adoption has resulted in a higher reliance on online shopping applications for toy purchases by parents, leading to the Colombia toys market expansion.
Market Segmentation
Colombia Toys Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type
- Action Figures
- Building Sets
- Dolls
- Games and Puzzles
- Sports and Outdoor Toys
- Plush
- Others
Market Breakup by Age Group
- Up to 5 Years
- Between 5 to 10 Years
- Above 10 Years
Market Breakup by Distribution Channel
- Supermarkets and Hypermarkets
- Speciality Stores
- Convenience Stores
- Online
- Others
Competitive Landscape
Market participants are focusing on the development of toys that enable children to enjoy their leisure time and also support social and cognitive development.
- Mattel, Inc.
- Hasbro, Inc.
- LEGO System A/S
- Legad Laurent
- Colmuñecos SAS
- LUNNY COLOMBIA SAS
- NIKYTOM
- Sol Solecito Didactics
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product Type |
|
| Breakup by Age Group |
|
| Breakup by Distribution Channel |
|
| Market Dynamics |
|
| Competitive Landscape |
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| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Market Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Latin America Toys Market Overview
8.1 Key Industry Highlights
8.2 Latin America Toys Historical Market (2018-2023)
8.3 Latin America Toys Market Forecast (2024-2032)
8.4 Latin America Toys Market Share by Country
8.4.1 Brazil
8.4.2 Mexico
8.4.3 Argentina
8.4.4 Colombia
8.4.5 Others
9 Colombia Toys Market Overview
9.1 Key Industry Highlights
9.2 Colombia Toys Historical Market (2018-2023)
9.3 Colombia Toys Market Forecast (2024-2032)
10 Colombia Toys Market by Product Type
10.1 Action Figures
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Building Sets
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Dolls
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Games and Puzzles
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Sports and Outdoor Toys
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.6 Plush
10.6.1 Historical Trend (2018-2023)
10.6.2 Forecast Trend (2024-2032)
10.7 Others
11 Colombia Toys Market by Age Group
11.1 Up to 5 Years
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Between 5 to 10 Years
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Above 10 Years
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
12 Colombia Toys Market by Distribution Channel
12.1 Supermarkets and Hypermarkets
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Speciality Stores
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Convenience Stores
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Online
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyers Powers
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Trade Data Analysis (HS Code: 9503)
14.1 Major Importing Countries
14.1.1 By Volume
14.1.2 By Value
14.2 Major Exporting Countries
14.2.1 By Volume
14.2.2 By Value
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Mattel, Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Hasbro, Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 LEGO System A/S
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Legad Laurent
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Colmuñecos SAS
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 LUNNY COLOMBIA SAS
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 NIKYTOM
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Sol Solecito Didactics
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America Toys Market: Key Industry Highlights, 2018 and 2032
2. Colombia Toys Market: Key Industry Highlights, 2018 and 2032
3. Colombia Toys Historical Market: Breakup by Product Type (USD Million), 2018-2023
4. Colombia Toys Market Forecast: Breakup by Product Type (USD Million), 2024-2032
5. Colombia Toys Historical Market: Breakup by Age Group (USD Million), 2018-2023
6. Colombia Toys Market Forecast: Breakup by Age Group (USD Million), 2024-2032
7. Colombia Toys Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
8. Colombia Toys Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
9. Major Importing Countries by Volume
10. Major Exporting Countries by Volume
11. Major Importing Countries by Value
12. Major Exporting Countries by Value
13. Colombia Toys Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 6.10% between 2024 and 2032.
Integration of advanced technologies, rising demand for educational toys, and expanding exports of toys and sports equipment are the key drivers behind the growth of the market in Colombia.
The key trends aiding the market expansion include the rise in online toy sales, the increasing popularity of toys as a gifting option, and the growing demand for stuffed animals featuring characters from movies and comics.
The major age groups, according to the market report are up to 5 years, between 5 to 10 years, and above 10 years.
The major distribution channels in the market are supermarkets and hypermarkets, speciality stores, convenience stores, and online, among others.
The major players in the market are Mattel, Inc., Hasbro, Inc., LEGO System A/S, Legad Laurent, Colmuñecos SAS, LUNNY COLOMBIA SAS, NIKYTOM, and Sol Solecito Didactics, among others.
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