Global Ride-on Toys Market Size By Product Type (Push or Pull ride-on toys, Pedal ride-on toys, Electric ride-on toys), By Distribution Channel (Online and Offline), By Geographic Scope And Forecast

Ride-on Toys Market Size And Forecast

Ride-on Toys Market size is growing at a faster pace with substantial growth rates over a few years and is estimated that the market will grow significantly in the forecasted period i.e. 2021 to 2028.

The market growth is attributed to the increasing disposable income and popularity of ride-on toys amongst end-users across the globe. The Global Ride-on Toys Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Ride-on Toys Market Definition

Any toy that can be ridden on is referred to as a ride-on toy. Ride-on cars, trikes, scooters, balancing bikes, electric vehicles, and animals fall into this category. In reality, children may be required to sit or stand on ride-on toys, which may be propelled by them, pushed or dragged by them, or even motorized nowadays. Ride-on toys, such as a rocking horse, might be termed rocking toys. The toy’s power source is critical, as different kinds are better suited to children at various stages of development. Some ride-on toys can even be used as a walker for babies who are learning to walk. Self-propelled toys can be either foot-powered or pedal-powered, and most youngsters can use a foot-powered play before they are strong and coordinated enough to operate a pedal-powered toy. There are various types of ride-on toys are available in the market such as sleds and wagons, rocking toys, foot-powered toys, pedal toys, motorized vehicles, scooters, and bicycles.

Global Ride-on Toys Market Overview

Rising consumer spending on luxury goods and rising disposable income in developed countries drive the global ride-on-toys market. Nowadays, most consumers end up spending a lot of their wages on pleasures. Ride-on toys are one of the most popular items which have gained popularity amongst kids across the globe. Ride-on toys are wheeled vehicles that allow youngsters to sit and move around. As they are a substantial source of fun for children, ride-on toys have become an integral aspect of consumer products. These are the factors boosting the global ride-on toys market during the forecast period. Ride-on toys are simple to use toys that encourage physical fitness by keeping youngsters busy while they develop muscles by pedaling and steering. It also aids in the development of a child’s movement. These toys also aid in the development of thinking skills such as decision-making and coordination.

However, the high cost of rod-on toys hinders the growth of the global ride-on toys market. These toys are expensive thus most of the consumers cannot afford them which results in restraining the market growth.

Global Ride-on Toys MarketSegmentation Analysis

The global market is segmented on the basis of Product Type, Distribution Channel, And Geography.

Ride-on Toys Market, By Product Type

• Push or Pull Ride-On Toys• Pedal Ride-On Toys• Electric Ride-On Toys• Rocker Ride-On Toys

Based on Product Type, the market is bifurcated into push or pull ride-on toys, pedal ride-on toys, electric ride-on toys, rocker ride-on toys. The electric ride-on toys segment accounted for significant market share in the global Ride-on Toys market due to the rising consumer preference for this type of toy. The technology development and innovation in the baby toys department created a stunning range of electric ride-on toys for kids. These are little, motorized vehicles that can be controlled with remote controls. Some can also be steered manually by the child. These toys have gained popularity amongst small kids and these are perfect for giving kids the ultimate thrill of driving. These are the factors boosting demand for electric ride-on toys in the global ride-on toys market.

Ride-on Toys Market, By Distribution Channel

• Online• Offline

Based on Distribution Channel, the market is divided into Online and Offline. Offline segment accounted for the largest market share in the global ride-on toys market due to rising retail sales across the globe. However, online channels will be the fastest-growing during the forecast period owing to rising consumer preferences for the e-commerce industry. According to the U.S. census bureau News, in 2021, United States total e-commerce sales were expected to reach USD 870.8 billion, which is increased to 14.2% from 2020. In 2021, total retail sales increased 17.9% from 2020. In 2021, e-commerce sales accounted for 13.2% of total sales. In 2020, e-commerce sales will account for 13.6% of total sales.

Ride-on Toys Market, By Geography

• North America• Europe• Asia Pacific• Rest of the world

On the basis of Regional Analysis, the market is classified into North America, Europe, Asia Pacific, and Rest of the world. The Asia Pacific will show positive growth in the global ride-on toys market during the forecast period owing to rising disposable income and consumer preferences for ride-on toys in emerging economies such as India and China. Parents are increasingly focused on their children’s development, with toys and games playing a major role in the market growth. Furthermore, countries such as China have abandoned their one-child policy, resulting in an increase in the number of children, which is expected to fuel the expansion of the different toys and games market. In addition to that, parents and educators choose to enhance their children’s talents through educational toys rather than teaching children essential skills which are expected to provide lucrative prospects for the ride-on toys market in Asia Pacific region.

Key Players

The “Global Ride-on Toys Market” study report will provide valuable insight into the global market. The major players in the market are Peg Pérego, Jakks Pacific, Inc., Toy House, Inc., Mattel, Inc., Toyzone Impex Private Limited, Trunki, Amardeep & Co., Dream International Ltd., Kids II, Inc., Little Tikes.

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors.• Provision of market value (USD Billion) data for each segment and sub-segment.• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market.• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region.• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled.• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions.• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis.• Provides insight into the market through Value Chain.• Market dynamics scenario, along with growth opportunities of the market in the years to come.• 6-month post-sales analyst support.

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