Despite a general economical slowdown, worldwide toy market sales topped US$71.96 billion in 2007, a 5% increase over the previous year according to the Global Toy Trends and Forecasts report from market researcher The NPD Group.
The report found that North America accounts for 33% of worldwide sales, while European consumers accounted for 30% and sales in Asia made up 24% of the global market.
Sales in the fast-growing BRIC nations (Brazil, Russia, India and China) are outpacing total market sales, representing 11.8% of the overall pie, up from 8.8% in 2004.
Tellingly, the only country to mark a decrease in 2007 was the US. However, NPD estimates the US toy sales will return to growth, and should deliver an increase of 8.8% by 2010 on the average spending on toys for kids.
Next to the US, Japan and United Kingdom generated the most revenue in 2007, posting US$5.95 billion and US$4.38 billion, respectively, in sales.
For more information on the report check out www.npd.com.