INDIAN TOY INDUSTRY AT A GLANCE IN 2015 - 2016 Nearly 40 per cent of Indian toy makers have already closed down in the last five years and another 20 per cent are on the verge of closure, thanks to large-scale imports of toys. The worst-hit toy clusters are in Allahabad, Delhi, Kanpur, Lucknow and Patna. About 50 per cent of the toy units are in Delhi-NCR, 35 per cent are in Maharashtra, and the remaining 15 per cent are scattered across the country.
The toy industry currently employs a total of around three million people in the organised and unorganised sectors. Indian toys market is expected to grow at a CAGR of 20% by 2020 driven by the increase in less than 14 years population and disposable income levels.
• Plastic toys market in India which constitutes a major market share in overall toys market in India is expected to grow at a CAGR rate of 20% in the next 5 years.
• Wooden toys market in India which constitutes a minor market share in overall toys market in India is expected to grow at a CAGR rate of 25% in the next 5 years.
• Cloth & soft toys market in India is expected to grow at a CAGR rate of 18% in the next 5 years.
• Metal toys market in India is expected to grow at a CAGR rate of 15% in the next 5 years.
• Cardboard toys market in India controls second largest market share in entire toys market in India in terms of revenue. It is expected to grow at a CAGR rate of 22% in the next 5 years.
• Recreational toys market in India which constitutes a major market share in overall toys market in India is expected to grow at a CAGR rate of 16% in the next 5 years.
