We do not know the shape or figure of the first kid’s toys, but we do know that they were wooden toys. From ancient civilizations to the present day, wooden toys have been one of the first toys for a child. Children have so many memories with these toys. Even with the advent of many other toys, wooden toys have not lost their place. This industry still has about 35% of the toy market share. As a wooden toys Wholesale Marketplace, you are working in a booming industry. In this blog, we are going to discuss factors that influence the wooden toys market and its scope.
Factors Driving the Wooden Wholesale Toys Market
Many factors play an important part in the development of the wooden wholesale toys industry. With constant innovation, this industry is exploding.
· Awareness About the Benefits of Wooden Kids Toys
Wooden toys have many benefits. Unlike many other materials like plastic or steel, these wooden toys are safe and easy to handle. They are made from natural resources that are non-harmful for a child.
According to a report, many wooden toys such as puzzles, blocks, and maze improve the motor skills and hand-eye coordination of the child.
This awareness has influenced the wooden toys market. Many wholesalers have entered the market with innovative yet classic wooden toys to grab this opportunity.
Besides this, toy wholesalers also spreading awareness about the benefits of wooden toys among their customers and connections. They use different platforms to convey their message. This contributed a lot to the development of the industry.
· Eco-Friendly Toys
A wave of consciousness is spreading rapidly.
As an organic item, wooden toys are the first choice of people who are concerned about the environment. Unlike plastic toys, these toys do not have any terrible impact on the environment.
People are boycotting plastic usage and this resulted in the increase of wholesale wooden toys’ market size.
Toys wholesalers are aware of the fact that in the future, governments can ban plastic kid’s toys just like plastic bags. So, they are transferring their focus to the wooden toys industry. This has created many opportunities for new businesses.
· Wide Range of Wooden Toys
The other factor that affects the growth of this industry is a wide variety of wooden toys. Parents can find all kinds of toys made of wood. They can buy educational gameboards for superhero figures for their children.
The wooden toys’ market is not inferior to other markets as the availability of many types of toys attracts a large audience.
Wholesalers are using different manufacturers and suppliers to get a wide range of wooden toys. According to a survey, 65% of the wholesalers claimed they are dealing in different categories of wooden toys to ensure their place in this competitive market.
Scope of Wooden Wholesale Toy Industry
With an increase in the child population, the toy market is booming. The urge to save nature and improve a child’s abilities are major reasons for the growth of the wooden toys industry.
As we mentioned earlier, this industry already has a 35% market share. Business analysts predict that this share may reach 50% as a whole by 2024.
The recent pandemic affected the wood toys market. People have started ordering from online shops. In fact, educational toys have become one of the most selling items during this pandemic.
Keeping these statistics in mind, analysts are expecting a drastic change in the toy industry.
Toys companies are working on the modernization of wooden toys. They are launching advanced wooden toys in the market, one after another.
Many social media influencers are promoting wooden toys to prevent pollution and harmful substances. It also added fuel to the fire.
If you are a wooden wholesale toys business, share your views and reviews about the opportunities in this market. We would love to hear your thoughts in the comment section.