Australia Toys and Games Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Market Overview

The Australian toys and games market is expected to register a CAGR of 2.87% during the forecast period (2020-2026).

Australia is also a very wealthy country, with a GDP of about USD 1.36 trillion. It became one of the wealthiest countries in the world in 2020. The Australian toy market is much larger than people generally assume when they consider the small population of the place. It is larger than Mexico or Italy and about the same size as Spain. Just like in the United States, the Australian toy market is highly seasonal. 

Australia’s toy market is in its major characteristics very similar to the United States, the United Kingdom, and Canada. Thus, it is an easy country to enter for Western toy manufacturers. Safety is fundamental to the development and manufacture of toys, regardless of whether they are created by a research and development team at a manufacturing company, by a firm specializing in developing new products or by an individual investor on his or her kitchen table. The Australian Toy Association represents the toy industry on the committee responsible for developing and maintaining these standards.

The online video game sales industry has benefited from strong growth in internet connections over the past five years, as consumers increasingly purchased a range of products online, including video games. Current generation consoles that have integrated online stores have also supported revenue derived from video game sales. Faster internet speeds and the increasing accessibility of online shopping channels are poised support digital purchases of video games over coming few years.

The COVID-19 outbreak had affected the availability of products in toy and game retailing market. Logistical delays and reduced manufacturing activity in China is also anticipated to strongly inhibit retailers' ability to source industry products.

Scope of the Report

Toys and games are the tools of play, and both are a large part of social life. Toys and games have never been exclusively for children. The market is segmented by type into card games, construction sets and models, dolls and stuffed toys, plastic and other toys, puzzles, toys for toddlers and kids, video game consoles, and by distribution channel into online and offline.

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Key Market Trends

The Increasing Household Income is Driving the Market

With the decreasing gender pay gap and many women working part-time, household incomes have, on average, increased considerably over the last two decades. The gender pay gap narrowed over the last 40 years. The average income for couple households is higher, as many couple households are dual-earner households. Thus, with the increases in the overall rate of female labor force participation and more women working full-time, the average household incomes increased substantially over the past few decades. Household wealth has also increased.

In Australia, the average incomes of couples with dependent children are also higher than those for couple-only households, as couple-only households have a higher proportion of retirees, while couples with dependent children are more likely to be of working age. As the family is earning more in Australia, the buying frequency of toys and games for children for their entertainment and learning/education purpose has seen a surge, which is further driving the toys and games market. Major Australian customers buy toys and/or games in an average four-week period.

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