Largest Toy Markets in Europe and the U.S. Show Continued Resilience during the First Half of 2010
11 August 2010
Revenue growth in Europe's five largest toy markets—France, Germany, Italy, Spain and the U.K.—experienced a five percent increase during the first half of 2010, while traditional toy sales in the United States remained largely unchanged.
In an August 6th press release, leading market research company The NPD Group reported that in Europe, sales for the first half of 2010 showed eight percent (8%) growth in the United Kingdom, followed by Spain (6 percent growth), Germany (4 percent), France (3 percent), and Italy (2 percent).
"With a strong first half like the one experienced in 2010, we are confident that 2010 will record solid single digit growth in Europe," said Frédérique Tutt, EuroToys analyst, The NPD Group.
NPD EuroToys analysts indicated that the market growth was driven, in part, by consumer reaction to the dry weather throughout Europe in June and a corresponding increase in sales for outdoor and sports toys. The continued popularity of properties such as Bakugan and Star Wars are expected to see a further boost by the mid-year debut of one of this year's most successful animated films and fastest growing license, Toy Story 3.
Revenue in the U.S. topped $7.771 billion during the first half of this year (January to June) versus $7.748 billion generated during the same time period in 2009.
First half of the year results typically equate to 35 percent of annual U.S. toy sales. Sales for the first six months represent approximately 30 percent of annual toy sales in Europe.
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