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Toys

Overview of the toy industry

The toy industry is one of the leading, central and time-honoured segments of the global economy. It is due to the industry's extensive historical link to humanity. Also, it is highly comprehensive and of high value. It is due to the popularity of toys for diverse goals. These include education, partaking in hobbies, entertainment, and so on. It includes primarily tending to the needs of children. Yet, adults also partake in using or creating diverse toys. Examples include playing cards and board games.

Is the industry of high value?

The global economic segment has recently reached global values of around $108 billion as a result. Over 5,000 enterprises that engage more than 661,800 specialists produce such values. Various materials are used to manufacture these toys. Examples include plastics, metals, wood, electronics, textiles, leather, paper, and so on. It results in the industry featuring a diverse and extensive inter-industrial network. For example, it has links to the education, plastics, maternity, child, baby, and textiles sectors. It also has connections to the rubber, sports, and entertainment industries. It also has connections to the electronics, games, and paper segments. Likewise, it has links to the consumer goods, graphic design, handicrafts, and health sectors. The hobby, lifestyle, leather, marketing, and metalworking sections are similarly linked. Linked are also the packaging, printing, music, and sciences sections.

Is the industry innovative?

The segment features such an extensive network due to diverse causes. Among them is its chief focus on research. It enables it to adapt to the latest industrial requirements and challenges. Generally, the global toy industry presents its most recent innovations at trade expositions. It includes annual events in diverse countries. They attract hundreds of thousands of attendees.