Did you know the toy industry will grow annually at a CAGR of 7.2% by 2028? The toy market is expected to grow from $170.7 billion in 2022 to $267.9 billion by 2028.

As a result, the gross profit margins on toys have increased significantly, ranging between 20% to 50%.

The factors contributing to the growth of this industry are:

• The demand for educational toys
• Disposable income
• Social media influence
  
  

You can also benefit from the profitability of this lucrative industry by stocking a wide range of toys. Contact distributors on this list to buy premium quality wholesale toys.

However, before choosing a toy distributor, you should consider the following factors:

Check distributors’ product quality:

Request samples from your distributors to check the safety of toys firsthand. You can ask your quality assurance team to test the safety, small component, symmetry, measurement, durability, and performance of toys. You should also check for defects in toys like cracks, broken parts, rust, and corrosion to ensure the best quality.

Ask about safety standards:

Safety assurance is mandatory in toys. You should ask distributors whether their toys comply with safety standards like ASTM F963-17.

Assess the expertise of a distributor:

The distributors should directly deal with manufacturers you are interested in buying products from. This will ensure the quality and standard of toys. You should also ask about the capacity of the distributor. If you have business expansion plans, a distributor should be capable of helping you grow.

Check the product range:

If a toy distributor is specialized in one or two toy categories, it may not be a good fit for your business. It should offer a wide range of toys to meet the customers’ requirements.

Toy distributors available on online directories include businesses offering toys in all categories, like dolls, stuffed toys, bath toys, playsets, construction sets, educational toys, action figures, puzzles, and more. You can purchase trending toys at the best prices here.

Don’t Miss Out on These Hottest Toy Trends

1.     STEM toys

A survey states that 76% of parents want their kids to play with STEM toys to join STEM-related careers. The STEM toy market is growing at a CAGR of 7.12%, and the market size is forecasted to increase by $1,653.71 million by 2027. This year’s trending STEM toys are:

• STEM subscription crates
• Checkmate
• Marble-powered computer
• Lego robots
• Table tiles
  
  

2. Coding toys

These days, parents want their kids to learn coding skills at very early ages (between 6 and 7 years). According to a survey, 85% of parents want their kids to develop coding skills. Here are the latest trends in coding toys:

• Youth-focused coding dolls
• Coding tablets
• Coding robots
  
  

3. Action figures

Kids are frequently demanding action figures due to the growing popularity of superheroes. Investments in action figures can be fruitful as this global market is growing at a CAGR of 5.3% by 2031. This year’s trending action figures are:

• Mega Man & Ice Man
• Mutant Ninja Turtle
• Dragon Warduke
• Cyclops
• Emma Frost
  
  

Let's now answer the only important question for newcomers.

How do I start my own toy distribution business?

Follow the steps to become a toy distributor:

1. Make a business plan
2. Get your company registered
3. Plan your budget and make business accounts
4. Seal the contract with the manufacturer
5. Get the knowledge about Toy Safety Certification Program (TSCP)
6. Go Social