The science, technology, engineering and mathematics (STEM) toys market is poised to grow by $1.65 billion, according to the “Global Science, Technology, Engineering and Mathematics (STEM) Toys Market 2023-2027” report. The growth is driven by a collaborative environment in educational institutions, the rising adoption of STEM toys as teaching aids, and strong growth in online sales.
The study identifies the introduction of subscription services as one of the prime reasons driving the STEM toys market growth during the next few years. Also, the growing popularity of coding robot toys and the rising application of artificial intelligence in STEM toys will lead to sizable demand in the market, the report said.
The report on the STEM toys market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report also offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment.
The vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading STEM toys market vendors.
They include All Star Learning, Elenco Electronics, Evertoys Evollve , Fat Brain Toys, Fun Express, Funvention Learning, Johnco, Learning Resources, LEGO System, Mattel, Melissa and Doug, Mindware, Pegasus Toykraft, Scientifics Direct, Smartivity Labs, Spin Master, Tangible Play, Timbuk Toys, and Xinxiang Alpha Manufacturing.