Licensed Toy Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 – 2032
The Global Licensed Toy Market was valued at USD 28.9 billion in 2023 and is projected to grow at a robust compound annual growth rate (CAGR) of 4.7% from 2024 to 2032. Innovations in technology, including augmented reality (AR), virtual reality (VR), and artificial intelligence (AI), are becoming essential components of licensed toys, enhancing their interactivity and appeal. These tech-driven toys, often associated with well-known franchises, are fueling greater engagement and driving up demand among today’s tech-savvy consumers.
The licensed toy market is segmented by product type, which includes action figures, dolls and plush toys, arts and crafts, games and puzzles, outdoor and sports toys, construction sets, educational toys, and more. Among these, the action figures segment was valued at USD 6.6 billion in 2023 and is expected to grow at a strong CAGR of 5.4% from 2024 to 2032. The enduring popularity of action figures, often tied to successful movie franchises, TV shows, and video games, ensures a constant flow of consumer interest. Companies focusing on high-quality, collectible action figures continue to cater to enthusiasts, significantly contributing to the sector's revenue generation.
From an end-use perspective, the licensed toy market is divided into individual and commercial categories. The commercial segment held 56% of the market share in 2023 and is anticipated to experience a growth rate of 4.8% from 2024 to 2032. Large retail chains and specialty toy stores play a crucial role in the distribution of licensed toys, ensuring widespread availability and securing prime shelf space for these coveted products. Moreover, collaborations with entertainment franchises often result in exclusive product launches, further boosting demand in the commercial sector. Many popular franchises strategically use licensed toys as a core part of their merchandise for theme park attractions and events.
The U.S. licensed toy market was valued at USD 6.1 billion in 2023 and is projected to grow at a CAGR of 4.8% through 2032. As the home of major entertainment companies, the U.S. remains a central hub for licensed toys, particularly during the release of new content tied to popular franchises. The presence of avid collector communities and fan conventions continues to drive demand for licensed products, creating a dynamic and ever-evolving market. The U.S. is not only a key player in the licensed toy market but also a trendsetter, influencing global shifts in the industry.
The licensed toy market is segmented by product type, which includes action figures, dolls and plush toys, arts and crafts, games and puzzles, outdoor and sports toys, construction sets, educational toys, and more. Among these, the action figures segment was valued at USD 6.6 billion in 2023 and is expected to grow at a strong CAGR of 5.4% from 2024 to 2032. The enduring popularity of action figures, often tied to successful movie franchises, TV shows, and video games, ensures a constant flow of consumer interest. Companies focusing on high-quality, collectible action figures continue to cater to enthusiasts, significantly contributing to the sector's revenue generation.
From an end-use perspective, the licensed toy market is divided into individual and commercial categories. The commercial segment held 56% of the market share in 2023 and is anticipated to experience a growth rate of 4.8% from 2024 to 2032. Large retail chains and specialty toy stores play a crucial role in the distribution of licensed toys, ensuring widespread availability and securing prime shelf space for these coveted products. Moreover, collaborations with entertainment franchises often result in exclusive product launches, further boosting demand in the commercial sector. Many popular franchises strategically use licensed toys as a core part of their merchandise for theme park attractions and events.
The U.S. licensed toy market was valued at USD 6.1 billion in 2023 and is projected to grow at a CAGR of 4.8% through 2032. As the home of major entertainment companies, the U.S. remains a central hub for licensed toys, particularly during the release of new content tied to popular franchises. The presence of avid collector communities and fan conventions continues to drive demand for licensed products, creating a dynamic and ever-evolving market. The U.S. is not only a key player in the licensed toy market but also a trendsetter, influencing global shifts in the industry.
CHAPTER 1 METHODOLOGY & SCOPE
1.1 Market scope & definitions
1.2 Base estimates & calculations
1.3 Forecast calculations.
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
CHAPTER 2 EXECUTIVE SUMMARY
2.1 Industry synopsis, 2021-2032
CHAPTER 3 INDUSTRY INSIGHTS
3.1 Industry ecosystem analysis
3.1.1 Factor affecting the value chain
3.1.2 Profit margin analysis
3.1.3 Disruptions
3.1.4 Future outlook
3.1.5 Manufacturers
3.1.6 Distributors
3.2 Supplier landscape
3.3 Profit margin analysis
3.4 Key news & initiatives
3.5 Regulatory landscape
3.6 Impact forces
3.6.1 Growth drivers
3.6.1.1 Popularity of franchise and character-based toys
3.6.1.2 Focus on educational and STEM toys
3.6.2 Industry pitfalls & challenges
3.6.2.1 High licensing costs
3.7 Growth potential analysis
3.8 Porter’s analysis
3.9 PESTEL analysis
CHAPTER 4 COMPETITIVE LANDSCAPE, 2023
4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix
CHAPTER 5 MARKET ESTIMATES & FORECAST, BY PRODUCT TYPE, 2021-2032 (USD BILLION) (BILLION UNITS)
5.1 Key trends
5.2 Action figures
5.3 Dolls & plush toys
5.4 Arts & crafts
5.5 Games & puzzles
5.6 Outdoor & sports toys
5.7 Construction sets
5.8 Educational toys
5.9 Others (Vehicles, Etc)
CHAPTER 6 MARKET ESTIMATES & FORECAST, BY PRICE RANGE, 2021-2032 (USD BILLION) (BILLION UNITS)
6.1 Key trends
6.2 Low
6.3 Medium
6.4 High
CHAPTER 7 MARKET ESTIMATES & FORECAST, BY AGE GROUP, 2021-2032 (USD BILLION) (BILLION UNITS)
7.1 Key trends
7.2 Below 1 Yrs.
7.3 Age 1-
7.4 Age 3-
7.5 Age 5-
7.6 Age 12+
CHAPTER 8 MARKET ESTIMATES & FORECAST, BY END USE, 2021-2032 (USD BILLION) (BILLION UNITS)
8.1 Key trends
8.2 Individual
8.3 Commercial
CHAPTER 9 MARKET ESTIMATES & FORECAST, BY DISTRIBUTION CHANNEL, 2021-2032 (USD BILLION) (BILLION UNITS)
9.1 Key trends
9.2 Online
9.2.1 E-Commerce website
9.2.2 Company owned website
9.3 Offline
9.3.1 Hypermarket/Supermarket
9.3.2 Departmental stores
9.3.3 Specialized stores
9.3.4 Other retail stores
CHAPTER 10 MARKET ESTIMATES & FORECAST, BY REGION, 2021-2032 (USD BILLION) (BILLION UNITS)
10.1 Key trends
10.2 North America
10.2.1 U.S.
10.2.2 Canada
10.3 Europe
10.3.1 UK
10.3.2 Germany
10.3.3 France
10.3.4 Italy
10.3.5 Spain
10.3.6 Russia
10.4 Asia Pacific
10.4.1 China
10.4.2 India
10.4.3 Japan
10.4.4 South Korea
10.4.5 Australia
10.5 Latin America
10.5.1 Brazil
10.5.2 Mexico
10.6 MEA
10.6.1 UAE
10.6.2 Saudi Arabia
10.6.3 South Africa
CHAPTER 11 COMPANY PROFILES
11.1 Bandai Namco Holdings Inc.
11.2 Basic Fun!
11.3 Fisher-Price (Division of Mattel)
11.4 Funko Inc.
11.5 Hasbro Inc.
11.6 JAKKS Pacific Inc.
11.7 LEGO Group
11.8 Mattel Inc.
11.9 Mega Brands Inc. (Owned by Mattel)
11.10 Melissa & Doug LLC
11.11 Playmobil (Brand of Geobra Brandstдtter Stiftung & Co. KG)
11.12 Ravensburger AG
11.13 Spin Master Corp.
11.14 Tomy Company Ltd.
11.15 VTech Holdings Ltd.
1.1 Market scope & definitions
1.2 Base estimates & calculations
1.3 Forecast calculations.
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
CHAPTER 2 EXECUTIVE SUMMARY
2.1 Industry synopsis, 2021-2032
CHAPTER 3 INDUSTRY INSIGHTS
3.1 Industry ecosystem analysis
3.1.1 Factor affecting the value chain
3.1.2 Profit margin analysis
3.1.3 Disruptions
3.1.4 Future outlook
3.1.5 Manufacturers
3.1.6 Distributors
3.2 Supplier landscape
3.3 Profit margin analysis
3.4 Key news & initiatives
3.5 Regulatory landscape
3.6 Impact forces
3.6.1 Growth drivers
3.6.1.1 Popularity of franchise and character-based toys
3.6.1.2 Focus on educational and STEM toys
3.6.2 Industry pitfalls & challenges
3.6.2.1 High licensing costs
3.7 Growth potential analysis
3.8 Porter’s analysis
3.9 PESTEL analysis
CHAPTER 4 COMPETITIVE LANDSCAPE, 2023
4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix
CHAPTER 5 MARKET ESTIMATES & FORECAST, BY PRODUCT TYPE, 2021-2032 (USD BILLION) (BILLION UNITS)
5.1 Key trends
5.2 Action figures
5.3 Dolls & plush toys
5.4 Arts & crafts
5.5 Games & puzzles
5.6 Outdoor & sports toys
5.7 Construction sets
5.8 Educational toys
5.9 Others (Vehicles, Etc)
CHAPTER 6 MARKET ESTIMATES & FORECAST, BY PRICE RANGE, 2021-2032 (USD BILLION) (BILLION UNITS)
6.1 Key trends
6.2 Low
6.3 Medium
6.4 High
CHAPTER 7 MARKET ESTIMATES & FORECAST, BY AGE GROUP, 2021-2032 (USD BILLION) (BILLION UNITS)
7.1 Key trends
7.2 Below 1 Yrs.
7.3 Age 1-
7.4 Age 3-
7.5 Age 5-
7.6 Age 12+
CHAPTER 8 MARKET ESTIMATES & FORECAST, BY END USE, 2021-2032 (USD BILLION) (BILLION UNITS)
8.1 Key trends
8.2 Individual
8.3 Commercial
CHAPTER 9 MARKET ESTIMATES & FORECAST, BY DISTRIBUTION CHANNEL, 2021-2032 (USD BILLION) (BILLION UNITS)
9.1 Key trends
9.2 Online
9.2.1 E-Commerce website
9.2.2 Company owned website
9.3 Offline
9.3.1 Hypermarket/Supermarket
9.3.2 Departmental stores
9.3.3 Specialized stores
9.3.4 Other retail stores
CHAPTER 10 MARKET ESTIMATES & FORECAST, BY REGION, 2021-2032 (USD BILLION) (BILLION UNITS)
10.1 Key trends
10.2 North America
10.2.1 U.S.
10.2.2 Canada
10.3 Europe
10.3.1 UK
10.3.2 Germany
10.3.3 France
10.3.4 Italy
10.3.5 Spain
10.3.6 Russia
10.4 Asia Pacific
10.4.1 China
10.4.2 India
10.4.3 Japan
10.4.4 South Korea
10.4.5 Australia
10.5 Latin America
10.5.1 Brazil
10.5.2 Mexico
10.6 MEA
10.6.1 UAE
10.6.2 Saudi Arabia
10.6.3 South Africa
CHAPTER 11 COMPANY PROFILES
11.1 Bandai Namco Holdings Inc.
11.2 Basic Fun!
11.3 Fisher-Price (Division of Mattel)
11.4 Funko Inc.
11.5 Hasbro Inc.
11.6 JAKKS Pacific Inc.
11.7 LEGO Group
11.8 Mattel Inc.
11.9 Mega Brands Inc. (Owned by Mattel)
11.10 Melissa & Doug LLC
11.11 Playmobil (Brand of Geobra Brandstдtter Stiftung & Co. KG)
11.12 Ravensburger AG
11.13 Spin Master Corp.
11.14 Tomy Company Ltd.
11.15 VTech Holdings Ltd.
