China Toys and Games Market to reach USD 70,302 million by 2017: Ken Research

Increasing popularity of mobile and social games to spur future growth

New Delhi: 07/19/2013- The role of toys and games has transitioned from parenting to tools of child learning and development. Parents nowadays are pre occupied with their professional life and hence, the role of toys and games has become more important. Toys and games play a crucial part in child’s development and increasing their overall proficiency. This has helped in the growth of toys and games market in China. Large variety of toys and games are available in China toys and games market presently. Construction and building toys and massively multi player online role playing games are the most popular categories of toys and games in China.

China is a gigantic market for toys and games. It is the largest toys manufacturer in the world with approximately 80% of the toys exports in the world being exported from China. The key growth drivers of this market are small size of families, significantly rising population and a growing affluence of the Chinese people. With the rising income levels and improvement in the quality of life, the demand for toys among the Chinese people have transformed. There is a shift from traditional, battery-operated toys, construction sets and decorative toys towards unique and innovative electronic toys, intelligent and educational toys as well as plush toys and decorative fabric toys. The market is driven by established retails and more consumers with high disposable income in the tier one markets as compared to the tier two and three markets. The overall toys and games market in China have will reach USD 70,302.9 million in 2017 registering a CAGR of 26.0% during 2013-2017.

According to the research report, it is expected that traditional toys in China will undergo fundamental changes in the future. In future, toy designers will add modern elements to traditional toys in order to give them a new charm. Preschool and educational toys will offer huge market potential in China in the near future. It is anticipated that China toy industry will develop into a more organized market in the near future. The industry would benefit from collaborations and alliances with foreign companies. The companies would come up with new brands of toys with unique features. This will steer up the competition between the domestic and overseas toy manufacturing companies in the china toys market.

China’s online game industry is evolving rapidly which emphasizes the need to adapt to new industry trends, including changes in game players’ preferences, new revenue models, new game content distribution models, new technologies and new governmental regulations. With the increasing social networking population in the country, more users are likely to get inclined towards social games which take the platform of social networking sites. The shift towards mobile gaming will also invite more companies to launch exciting mobile games which the player enjoys to play even on a small screen of a mobile. It presents immense evolution opportunity

The report “China Toys andGames Market Outlook to 2017- Advent of Mobile Online Games to Accelerate MarketGrowth” provides detailed overview on the toys and games market in China. This report helps reader to identify the ongoing trends in the industry and anticipated growth in future depending upon changing industry dynamics in the coming years. The report will help industry consultants, toy manufacturing and gaming companies, suppliers and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future.

                                                                                     

For more information on the industry research report please refer to the below mentioned link:

http://www.kenresearch.com/media--entertainment/gaming-and-recreation/China-Toys-and-Games-Industry/386-94.html

Spas and Salons Set to Flourish Strongly across Qatar Until 2017: Ken Research

The health and wellness market in Qatar has grown consistently during 2006-2012 due to a combination of various factors such high disposable income, growing awareness among the population of the country and others. Spa and salon market is all set to drive the health and wellness market of Qatar with an expected CAGR of 29.2% during 2013-2017. The spa market would majorly be driven by the hotel spas. The tourism industry in Qatar has grown significantly with the tourism authority expecting this inflow to rise by 20% in the coming years. Willingness of the local population to spend on luxuries and their increased association of spa therapies with therapeutic advantages has resulted in bigger independent spas to establish in the country. Salons are present all over Doha providing a vast variety of services apart from doing ‘Just Hair’. Moreover specialty salons such as those designed especially for kids for fuel the further growth in this market. Cosmetics and fragrance market would continue to maintain its share in the overall health and wellness market of Qatar.

The health and fitness clubs market is highly unorganized with differentiated fee structure of personal trainer but it is expected that with more number of clubs opening in the cities, the rising market competition will bridge the gap between the membership fees and personal trainer fee in the country. The health and wellness market will continue to witness global brands entering these three segments during 2013-2017.

“With world soccer 2022 going to be held in the country, the Qatar hotel spa market is all set to surge in terms of high footfalls expected in the hotels. Market for the health and wellness in Qatar would be majorly driven by the high demand for the spas and salon services in the country. The contribution of hotel spas to the spa and salon market is expected to be around 84.5% in 2017" - According to the research report ‘Qatar Health and Wellness Industry Outlook to 2017 – Spa and Salon Market to Fuel the Industry Growth’ from Ken Research.