Toys and games in Singapore saw solid current value growth in 2023, with increases for both traditional toys and games and video games. Toys and games has a dynamic landscape, being shaped by evolving consumer preferences, technological advances, and economic factors.
Amidst the bustling toys and games industry in Singapore, companies are strategically identifying and targeting niche segments to maintain their relevance and drive growth. One such example is the focus of Toys "R" Us on kidults – adults who relish in nostalgic toys and collectibles.
Mattel, a prominent player in toys and games, appears to be bolstering its resilience and competitive edge through its strong core brands and a strategic focus on profitability. One notable development in 2023 was Mattel successful regaining the rights to produce Disney Princess and Frozen toys, previously held by its rival Hasbro.
Retail developments in toys and games are marked by a blend of traditional and digital approaches to meet evolving consumer preferences. Bricks-and-mortar stores are increasingly integrating digital elements into their shopping experiences, such as interactive displays, augmented reality, and mobile apps, to enhance customer engagement and streamline operations.
In the forecast period, toys and games in Singapore is expected to maintain current value growth, with positive CAGRs for both traditional toys and games and video games. Looking ahead, toys and games is poised for further innovation and growth, driven by technological advances, shifting consumer preferences, and economic factors.
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Toys and Games
This is the aggregation of traditional toys and games and video games.
See All of Our DefinitionsThis report originates from Passport, our Toys and Games research and analysis database.
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