Toy Manufacturing in China - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-31 01:15:06
In 2013, the Toy Manufacturing industry in China is set to generate $29.21 billion, up 8.5% for the year, and reflecting annualized growth of 10% over the past five years. As Chinese household incomes increase and families choose to spend more on their children, domestic demand has been increasing 16.8% annually over the five years through 2013 to total $17.10 billion.
This industry contributes significantly to employment levels in China with 7,287 businesses operating 12,388 establishments, and employing 635,299 people in 2013.
China is the largest manufacturer and exporter of toy products, manufacturing over 70.0% of the world´s total. Most of the industry´s export businesses provide original equipment manufacturer (OEM) services to foreign clients, and more than half of these have export licenses.
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