The demand for toys increases with the increasing population of kids belonging to the age group 2-8 years, meanwhile increasing the revenue of the leading toy companies.
The nominal toy market leaders, i.e., China, seems to bow down in front of the Indian top 10 toy companies who have the potential expertise and skilled workforce capable of beating the Chinese companies. Still, Indians look strong as multiple advertising and media platforms have made it easier for the Indian toy companies to boost market share by inculcating such promotional activities. So let’s have a look at the top 10 Indian toy market tycoons.
Founded in 1930 by Herman Fisher and Irwin Price. Fisher-price is in the first position among the top ten toy companies. It has a wide range of products to offer: booster seats, baby car seats, strollers, and potty tubs. Fisher-Price headquarters is in East Aurora, NYC, US.
Hot Wheels is one of the most famous and celebrated toy companies in India. Elliot Handler launched it in the year 1968 in the US as a 1:50 toy car. Being one of the most popular toy brands among children and adults for collection purposes, Hot Wheels has an annual revenue of more than 1.5 billion. Hot Wheels has maintained its position as one of the top toy manufacturers in India and is hugely famous in 3-8 years.
Funskool (India) Ltd.
Funskool was established as a joint between a US-based company named Hasbro Inc. and MRF India in 1978 at Chennai, Tamil Nadu. Funskool seems to be the crowd favorite as its impressive reviews and feedbacks make it easy to trust, and that may be the reason it is featured in the top 10 list most of the time.
Lego was found in Billund, Denmark, by Ole Kirk Kristiansen in 1932. It is one of the best toy manufacturers in the world. The awe-thrilling toy bricks with a precision of 10 micrometers. It is the most successful product by Lego. Lego has an annual revenue of more than $2 billion worldwide.
Mattel is one of the big names in the toy market. It was founded by Harold Matson and Elliot Chandler in 1945 at Hawthorne, California, US. Mattel employs around 33,000 individuals worldwide, with annual revenue of a whopping $5 billion.