For a long time, the cure for diabetes type 1 and type 2 has relied on agonizing insulin shots for patients or insulin infusion via mechanical pumps. Regarding this, experts have been creating artificial pancreatic beta cells with the he…
Market Overview of Global Jigsaw Puzzle market:
According to our latest research, the global Jigsaw Puzzle market looks promising in the next 5 years. As of 2022, the global Jigsaw Puzzle market was estimated at USD 703.22 million, and it's anticipated to reach USD 728.92 million in 2028, with a CAGR of 0.6% during the forecast years.
Jigsaw puzzles are not only beneficial to the development of children's fine motor skills, but also an ideal tool for training the mind, frustration and the ability to face new challenges for adults. Putting together a puzzle as a family is not only beneficial for the mind but it also helps to promote family unity, teamwork and interpersonal communication skills.
First of all, Jigsaw Puzzle is a healthy and intelligent entertainment game. The increasing demand for children and adults will continue to promote the development of the market.
Secondly, as the population aging trend becomes more obvious and the number of people suffering from Alzheimer's disease increases. The release of the Educa Senior series has become the ideal psychological exercise method for the elderly, and has also provided great benefits in the treatment of Alzheimer's disease, Alzheimer's disease and stroke rehabilitation. It is expected that the consumption Jigsaw puzzles among the elderly will increase in the future.
In addition, as manufacturing costs abroad will increase, such as raw materials, labor costs, etc., the relocation of manufacturing plants to the Asia-Pacific region has become a trend. And the growing economy in the Asia-Pacific region and the increasing consumer demand for entertainment will promote the development of the market.
In 2020, Covid-19 broke out. Affected by the epidemic, people reduced their outing activities, and Jigsaw Puzzle became a more popular pastime and entertainment method. According to White Mountain Puzzles, one of the top puzzle brands in the United States, said people are becoming jigsaw junkies. They have a lot of puzzles out of stock and the ones in stock can take up to two weeks to ship because of the sheer amount of orders they are receiving right now. During the epidemic, the demand for Jigsaw Puzzle has greatly increased, and sales after the epidemic are expected to decline.
Low price competition
As a labor-intensive industry, product homogeneity in the global market is very serious. The price competition is fierce and the profit margin of manufacturers is continuously decreasing, so low-price competition will become one of the obstacles.
In addition, because the technical requirements of Jigsaw Puzzle are not very high, the barriers to entry of the industry are relatively low, thus facing the threat of new entrants and the threat of substitution of cheap products.
Rising labor costs
With the development of the economy, people have higher demands on wages, which has led to an increase in labor prices in various regions of the world. In view of the fact that the production of Jigsaw Puzzle requires more labor, the cost of manufacturers increases as labor costs increase.
Fluctuation in raw material prices
Raw materials occupy an important market share in the production of the entire Jigsaw Puzzle. As the price of raw materials rises, the manufacturing costs of the manufacturers will be increased, thereby reducing the profits that manufacturers can obtain.
Asia Pacific dominated the Jigsaw Puzzle market in 2021, with a market share of 47.86%.
Ravensburger is one of the major players operating in the Jigsaw Puzzle market, holding a share of 13.33% in 2020.
Ravensburger Jigsaw Puzzle
Ravensburger Spieleverlag GmbH develops and designs games. Since 1891, they have been making the most beautiful puzzles in Ravensburg, Germany. The Company offers puzzles, art and craft sets, books, learning games, toys, and other games for different age groups. Ravensburger Spieleverlag markets its products worldwide.
Buffalo Games Jigsaw Puzzle
Buffalo Games, Inc. designs, manufactures, and supplies electronic products. The Company offers jigsaw puzzles and party games, electronic toys and youth electronics products.
Buffalo Games is an American company that specializes in board games and puzzles, headquartered in Buffalo, New York. Founded in 1986, Buffalo Games continues to develop its products, with most manufacturing taking place in the United States. Buffalo's product line has often included popular artists and licenses such as Disney, Pixar, Star Wars, Peanuts, The Muppets, Looney Tunes, The Simpsons, NFL, Coca-Cola, Harley-Davidson, NASCAR, M. C. Escher, Vincent van Gogh, and Norman Rockwell.
Among different product types, Paper Materials segment is anticipated to contribute the largest market share in 2027.
By application, the Children segment occupied the biggest share from 2017 to 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Jigsaw Puzzle market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Jigsaw Puzzle Market Report:
Market Size Estimates: Jigsaw Puzzle market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Jigsaw Puzzle market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Jigsaw Puzzle market
Segment Market Analysis: Jigsaw Puzzle market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Jigsaw Puzzle market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Jigsaw Puzzle Market: Revenue and sales volume of major countries in each region
Jigsaw Puzzle Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Jigsaw Puzzle market in major regions.
Jigsaw Puzzle Industry Value Chain: Jigsaw Puzzle market raw materials & suppliers, manufacturing process, distributors, downstream customers
Jigsaw Puzzle Industry News, Policies & Regulations
Key players in the global Jigsaw Puzzle market are covered in Chapter 12:
White Mountain Puzzles
In Chapter 2 and Chapter 15.1, based on types, the Jigsaw Puzzle market from 2018 to 2028 is primarily split into:
In Chapter 3 and Chapter 15.2, based on applications, the Jigsaw Puzzle market from 2018 to 2028 covers:
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
Asia-Pacific (Covered in Chapter 8)
Europe (Covered in Chapter 9)
Latin America (Covered in Chapter 10)
Middle East and Africa (Covered in Chapter 11)
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Jigsaw Puzzle market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028