“Global Water Gun Market: Type, Application, Growth Rates and Shares, and Forecast: 2020–2030” is a report recently compiled by MarketResearch.biz. The global water guns market was valued at $264.1 Мn in 2020, and is projected to register а САGR of 3.1% by 2030.
Various countries are launching new programs and allocating funds necessary to improve the toy manufacturing industry, as a means of creating new jobs. Toy manufacturers in both developed and developing countries are establishing solely commercial zones and industrial parks.
A water gun, also commonly referred to as a water blaster, a water pistol, or a squirt gun, is a toy gun that shoots water. Water guns were traditionally made of metal, and used rubber-pressed bulbs to fill and propel water through the nozzle.
Toy sales through E-commerce portals have dramatically surged in recent years, as manufacturers are able to cater to consumers based in various countries or regions by capitalizing on these distribution platforms. Manufacturers also showcase their products at various toy trade fairs and events increase potential clients/buyers. There has been a spike in the popularity of water gun games such as Freeze Water Gun Tag, Classic Water Gun Fight, Water Gun Hide & Seek, Water Gun Color Fight, etc., which is further complementing this industry’s revenue prospects even further.
Key players of this market are –Walt Disney Co., Hasbro, Inc., Mattel Inc., ZURU Inc., Joyin Inc., Team Magnus Ltd., Spyra GmbH, Zhida Toys Industry Co. Ltd., Alex Brands Inc. (Buzz Bee Toys).
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