India Toys Market (2026-2032) | Trends, Segmentation, Size & Revenue, Forecast, Value, Competitive Landscape, Analysis, Share, Growth, Companies, Industry

India Toys Market Growth Rate

According to 6Wresearch internal database and industry insights, the India Toys Market is growing at a compound annual growth rate (CAGR) of 7.25% during the forecast period (2026-2032).

Five-Years Growth Trajectory of the India Toys Market with Core Drivers

Below mentioned are the evaluation of year-wise growth rate along with key drivers:

Topics Covered in the India Toys Market Report

The India Toys Market report thoroughly covers the market by types, applications, and distribution channels. The market report provides an unbiased and detailed analysis of ongoing market trends, opportunities/high growth areas, and market drivers, which would help stakeholders devise and align their market strategies according to the current and future market dynamics.

India Toys Market Highlights

India Toys Market Synopsis

The India Toys Market is expected to have consistent growth. The market growth is driven by increasing spending power of consumers and urbanization. Further, the market growth is driven by technological advancements in toys, which are attracting children to adopt more digital toys. Additionally, the market growth is driven by growing preference for eco-friendly products due to growing environmental concerns and growing knowledge among consumers about the harmful effects of plastic. Also, growing government regulations regarding the safe production of toy products are expected to increase consumer trust towards this industry.

Evaluation of Growth Drivers in the India Toys Market

Below mentioned are some growth drivers and their impact on market dynamics:

The India Toys Market is projected to grow steadily with a CAGR of 7.25% during the forecast period of 2026-2032. The market growth is driven by growing urbanization and rising consumer preference for attractive and fun toys. It can be seen that there is high demand for educational toys within the consumer due to the belief that children learn more effectively at a young age. Also, it is believed by experts that educational toys increase the cognitive thinking among children, which makes the demand for toys much higher among people. Growing government initiatives like the “Make in India” campaign are expected to proliferate this industry growth. The growing expansion of e-commerce platforms is expected to encourage this industry growth even more by providing ease of accessibility and availability of products.

Evaluation of Restraints in the India Toys Market

Below mentioned are some major restraints and their influence on market dynamics:

India Toys Market Challenges

The India toys market faces several challenges. These mainly include strict regulatory compliance and safety standards imposed by the government. On top of that, the market deals with cost fluctuations due to increased reliance on imports for raw materials. Also, due to growth in internet penetration, there is increasing preference among children for mobile and video games, which discourages this market adoption. The availability of counterfeit products in the market also discourages buyers from purchasing these products.

India Toys Market Trends

Some major trends contributing to the development of the India Toys Market Growth are:

• Rise of Smart Toys: Increasingly the consumers are preferring more digital toys than traditional ones.
• E-commerce Boom: The growth in online retail platforms is increasing the industry growth by providing ease of accessibility and a variety of toys.
• Premium and Customized Toys: There is growing demand for premium and customized toys among consumers in India.

Investment Opportunities in the India Toys Market

Here are some investment opportunities in the India Toys Industry:

• Local Manufacturing Expansion: Investing in local manufacturing facilities to reduce dependency on imports and cater to domestic demand more effectively.
• E-commerce Platforms: The growing e-commerce retail platforms are encouraging the adoption of the market.
• Smart Toys Development: For investors it will be very beneficial to put money into toys integrated with AR and AI. 

Top 5 Leading Players in the India Toys Market

Here are some top companies contributing to the India Toys Market Share:

1. Funskool India Ltd.

Funskool is one of India's leading toy manufacturers, offering a wide range of products, including educational toys, puzzles, and games. The company has a strong presence in both the domestic and international markets.

2. Hamleys India

Hamleys is a global toy retailer with a large presence in India, known for its extensive collection of premium and high-quality toys. The company is expanding its footprint across the country through both retail stores and e-commerce platforms.

3. Mattel India

Mattel is a globally recognized brand, known for iconic toys such as Barbie, Hot Wheels, and Fisher-Price. In India, Mattel continues to lead the market with its diverse portfolio of educational and entertainment-focused toys.

4. Toykraft India Pvt. Ltd.

Toykraft is known for its innovative educational toys and arts & crafts kits. The company has a strong presence in both the domestic and international markets, particularly in the arts and creative toy segment.

5. Lego India Pvt. Ltd.

Lego is a leader in construction toys, providing highly popular building sets for various age groups. The company has capitalized on the growing interest in STEM education and interactive play.

Government Regulations Introduced in the India Toys Market

According to Indian government data, The market is well-regulated by various government policies aimed at ensuring smooth expansion of the industry. These regulations include the Bureau of Indian Standards (BIS), which ensures that the toys meet the safety and foreign standards in terms of materials and designs. In addition to this, the government is encouraging the growth of small manufacturers under “Make in India” campaigns. The National Toy Fair organized by the Ministry of Textiles focuses on the production of toy manufacturing and reducing reliance on imports. Moreover, the National Toy Fair, organized by the Ministry of Textiles, represents the toys made by small manufacturers and highlights India's potential in the global toy market.

Future Insights of the India Toys Market

The India Toys Market is expected to grow robustly. The market growth is driven by demand for interactive and smart toys. Consumers are increasingly preferring educational toys that help in increasing the cognitive thinking of children. Investors can invest smartly upon the manufacturing of more eco-friendly toys due to consumers' growing preference for them. Also, investments can be made upon manufacturing premium and high-quality toys, as consumers with high disposable incomes tend to buy the premium segment only. Altogether, the market will have continued expansion driven by tech advancements and e-commerce retail platform growth. 

Market Segmentation Analysis

The report offers a comprehensive study of the subsequent market segments and their leading categories.

Infant and Preschool Toys to Dominate the Market - By Type

According to Guneet Kaur, Senior Research Analyst, 6Wresearch, infant and preschool toys dominate the market due to their growing demand for early childhood development. These toys focus on cognitive and motor skills, making them popular among parents in India.

0-3 Years to Dominate the Market – By Application

The 0-3 years segment is leading  the market by application. The market is mainly driven by a high demand for sensory and developmental toys. Parents increasingly prefers more of educational and safe toys that encourage early learning, making this segment the fastest growing in India. 

Key Attractiveness of the Report

• 10 Years Market Numbers
• Historical Data Starting from 2022 to 2025
• Base Year: 2025
• Forecast Data until 2032
• Key Performance Indicators Impacting the Market
• Major Upcoming Developments and Projects

Key Highlights of the Report:

• India Toys Market Outlook
• Market Size of India Toys Market, 2025
• Forecast of India Toys Market, 2032
• Historical Data and Forecast of India Toys Revenues & Volume for the Period 2022-2032
• India Toys Market Trend Evolution
• India Toys Market Drivers and Challenges
• India Toys Price Trends
• India Toys Porter's Five Forces
• India Toys Industry Life Cycle
• Historical Data and Forecast of India Toys Market Revenues & Volume By Type for the Period 2022-2032
• Historical Data and Forecast of India Toys Market Revenues & Volume By Infant and Preschool Toys for the Period 2022-2032
• Historical Data and Forecast of India Toys Market Revenues & Volume By Dolls for the Period 2022-2032
• Historical Data and Forecast of India Toys Market Revenues & Volume By Games and Puzzles for the Period 2022-2032
• Historical Data and Forecast of India Toys Market Revenues & Volume By Construction Toys for the Period 2022-2032
• Historical Data and Forecast of India Toys Market Revenues & Volume By Outdoor and Sports Toys for the Period 2022-2032
• Historical Data and Forecast of India Toys Market Revenues & Volume By Others for the Period 2022-2032
• Historical Data and Forecast of India Toys Market Revenues & Volume By Application for the Period 2022-2032
• Historical Data and Forecast of India Toys Market Revenues & Volume By 0-3 Years for the Period 2022-2032
• Historical Data and Forecast of India Toys Market Revenues & Volume By 3-5 Years for the Period 2022-2032
• Historical Data and Forecast of India Toys Market Revenues & Volume By 5-12 Years for the Period 2022-2032
• Historical Data and Forecast of India Toys Market Revenues & Volume By 12-18 Years for the Period 2022-2032
• Historical Data and Forecast of India Toys Market Revenues & Volume By 18+ Years for the Period 2022-2032
• India Toys Import Export Trade Statistics
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By Application
• India Toys Top Companies Market Share
• India Toys Competitive Benchmarking By Technical and Operational Parameters
• India Toys Company Profiles
• India Toys Key Strategic Recommendations 

Market Covered

The report subsequently covers the market by following segments and subsegments.

By Type

• Infant and Preschool Toys
• Dolls
• Games and Puzzles
• Construction Toys
• Outdoor and Sports Toys
• Others

By Application

• 0-3 Years
• 3-5 Years
• 5-12 Years
• 12-18 Years
• 18+ Years