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Toys and Games in India

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    Report

  • 34 Pages
  • June 2025
  • Region: India
  • Euromonitor International
  • ID: 5972037
In 2024, toys and games in India saw robust value expansion, albeit at a more moderate pace due to inflationary pressures. Video games was the top performer in terms of sales and growth, although traditional toys and games also saw a double-digit rise. Notable trends across both categories included a focus on localised innovation and the enduring appeal of established brands. High fragmentation continued, while retail e-commerce gained significance in distribution despite its already high base.

The Toys and Games in India report offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest retail sales data 2020-2024, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market - be they new product developments, distribution or pricing issues. Forecasts to 2029 illustrate how the market is set to change.

Product coverage: Traditional Toys and Games, Video Games.

Data coverage: Market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

  • Get a detailed picture of the Toys and Games market;
  • Pinpoint growth sectors and identify factors driving change;
  • Understand the competitive environment, the market’s major players and leading brands;
  • Use five-year forecasts to assess how the market is predicted to develop.

Table of Contents

EXECUTIVE SUMMARY
  • Dynamism for both video games and traditional toys and games
KEY DATA FINDINGS
  • CHART 1 Key Trends 2024
INDUSTRY PERFORMANCE
  • Despite the growth of toys and games, some consumers are concerned about their finances
  • Maniams Design Studio integrates local culture into toys and games
  • Reliance leverages brand recognition for growth in toys and games
  • CHART 2 Reliance Games Has a Wide Mobile Games Offering
  • WHAT’S NEXT?
  • Rising disposable incomes expected to drive growth in toys and games
  • CHART 3 Analyst Insight
  • Engagement with mobile games set to continue to rise
  • Local manufacturing set to increase amidst regulation
  • CHART 4 Make in India Initiative Will Increase Local Manufacturing
  • Retail e-commerce will continue to reshape distribution
  • Localised innovations will resonate with Indian consumers
  • CHART 5 Indus Battle Royale Uses Local Environments, Characters, and Weaponry
COMPETITIVE LANDSCAPE
  • Mattel overtakes Hasbro, while fragmentation increases
  • SuperGaming and WoodBee Toys succeed through innovation and cultural relevance
  • NODWIN Gaming expands through AFK Gaming, Trinity Gaming, and Freaks 4U Gaming
  • SuperGaming and Funskool launch innovative products to meet local preferences
CHANNELS
  • Retail e-commerce remains the leading sales channel for toys and games
  • Croma and Reliance Digital create experiential gaming zones
  • Swiggy Instamart and Hamleys partner to offer quick commerce for premium toys and games
ECONOMIC CONTEXT
  • CHART 6 Real GDP Growth and Inflation 2019-2029
  • CHART 7 PEST Analysis in India 2024
CONSUMER CONTEXT
  • CHART 8 Key Insights on Consumers in India 2024
  • CHART 9 Consumer Landscape in India 2024
COUNTRY REPORTS DISCLAIMER
SOURCES
  • Summary 1 Research Sources
TRADITIONAL TOYS AND GAMES IN INDIAKEY DATA FINDINGS
2024 DEVELOPMENTS
  • Cultural relevance, sustainability, and STEM are increasingly important trends
  • CHART 10 Key Trends 2024
  • CHART 11 Analyst Insight
INDUSTRY PERFORMANCE
  • Scientific/educational toys shows the strongest increase, as parents facilitate their children’s learning
  • CHART 12 Smartivity Offers a Range of STEM Toys
  • BIS certification improves safety and ensures consumer trust
  • Maniams Design Studio launches culture-themed puzzles Kona and Jharokha
  • WHAT’S NEXT?
  • Household income set to rise, propelling the expansion of traditional toys and games
  • Scientific/educational toys to reshape traditional toys and games
  • Growing demand for toys that reflect Indian culture and heritage
  • Sustainability expected to rise in importance in traditional toys and games
  • Global giants will have to adapt to the rise of Indian start-ups
COMPETITIVE LANDSCAPE
  • Mattel leads due to popularity of brands including Barbie, Uno, and Hot Wheels
  • CHART 13 Mattel Has a Wide Range of Popular Brands
  • Toys ‘R’ Us India proactively embraces BIS certification
  • Jammbo and Toyshine expand their reach through diverse distribution strategies
  • Funskool Atomic Launcher offers safe, washable, outdoor play for children
CHANNELS
  • Traditional toys and games stores continues to dominate due to established customer loyalty
  • Amazon and Flipkart gain share through convenience and wide product range
  • Zepto and Blinkit are leaders in quick commerce, but Swiggy Instamart rises rapidly
COUNTRY REPORTS DISCLAIMERVIDEO GAMES IN INDIAKEY DATA FINDINGS
2024 DEVELOPMENTS
  • Mobile games are popular due to widespread access and local cultural elements
  • CHART 14 Key Trends 2024
INDUSTRY PERFORMANCE
  • Mobile games continues to drive growth in video games software
  • SuperGaming's Indo-Futurism drives growth through local innovation
  • CHART 15 Indo-Futurism Concept Inspires Indus Battle Royale Characters
  • In-game purchases and transactions drive revenue growth
  • CHART 16 Battlegrounds Mobile India Uses Microtransaction Model to Drive Revenue
  • WHAT’S NEXT?
  • Rising disposable incomes set to fuel continued growth for video games
  • Growth for mobile games to be driven by new technologies and in-game purchases
  • CHART 17 Analyst Insight
  • E-sports set to contribute to growth for video games as company investment increases
  • Gaming headsets set to maintain its rising trend as the competition rises
  • Localised innovation crucial to resonate with Indian consumers
COMPETITIVE LANDSCAPE
  • Sony and Microsoft see falling shares due to hardware supply problems
  • 99Games leverages engagement and content to bolster its presence in mobile games
  • NODWIN Gaming acquires Freaks 4U Gaming to expand its global reach
  • SuperGaming's Indus Battle Royale innovates with Indian cultural elements
CHANNELS
  • Retail e-commerce gains share in video games distribution
  • Video games hardware has the highest share of offline sales
  • Offline retailers integrate gaming to boost customer engagement and brand loyalty
  • Steam experiences user base growth as digital distribution dominates
  • COUNTRY REPORTS DISCLAIMER