The "Pet Toys - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Pet Toys Market to Reach $3.7 Billion by 2027
Amid the COVID-19 crisis, the global market for Pet Toys estimated at US$ 2.5 Billion in the year 2020, is projected to reach a revised size of US$ 3.7 Billion by 2027, growing at a CAGR of 5.8% over the analysis period 2020-2027.
Plush Toys, one of the segments analyzed in the report, is projected to record a 6.3% CAGR and reach US$ 1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Rope & Tug Toys segment is readjusted to a revised 5.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $668.2 Million, While China is Forecast to Grow at 8.9% CAGR
The Pet Toys market in the U.S. is estimated at US$ 668.2 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$ 776.3 Million by the year 2027 trailing a CAGR of 8.9% over the analysis period 2020 to 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 5.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR.
Balls Segment to Record 6.3% CAGR
In the global Balls segment, USA, Canada, Japan, China and Europe will drive the 5.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$ 278.6 Million in the year 2020 will reach a projected size of US$ 411.6 Million by the close of the analysis period.
China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$ 493.6 Million by the year 2027, while Latin America will expand at a 7.6% CAGR through the analysis period.
Select Competitors (Total 42 Featured):
Fluff & Tuff Inc.
Pet Qwerks Inc.
The OurPet's Co.
Key Topics Covered
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Impact of COVID-19 and a Looming Global Recession
Global Competitor Market Shares
Pet Toys Competitor Market Share Scenario Worldwide (in %): 2020E
Global Competitor Market Shares by Segment
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/r/f6ffsi
View source version on businesswire.com: https://www.businesswire.com/news/home/20210308005558/en/
Laura Wood, Senior Press Manager
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