India’s toy exporters are eyeing a big chance to expand. With the US imposing high tariffs on Chinese imports, American buyers are looking for alternatives. The Toy Association of India has spotted around 40 companies ready to meet US compliance standards for exporting toys.
Currently, about 20 Indian companies are already sending toys to the US in bulk. Ajay Aggarwal, president of the association, highlighted that the interest from US buyers has grown significantly in the past month. Some Indian firms are reaching out for a list of manufacturers that comply with US regulations. They are especially interested in partnerships for white labeling and original equipment manufacturing.
Recent research by GMI shows that the US toy market hit $42.8 billion in 2024 and is expected to grow to $56.9 billion by 2032, with a compound annual growth rate of 3.6% from 2025 to 2032. This growth is driven by a rise in demand for educational and interactive toys. President Aggarwal emphasized that the current tariffs favor Indian exporters, making it a prime moment to boost their market presence.
The Toy Association of India plans to hold a seminar soon for those manufacturers eager to export to the US. Aggarwal noted this as a “golden opportunity” since the US is the largest toy market worldwide. He believes, with strong government support, the Indian toy industry can significantly increase its current export levels, which are still under 1% of the global market.
In a broader social context, the shift away from China has sparked conversations on various platforms. Users are discussing the potential benefits of diversifying supply chains and the importance of supporting local industries. As markets evolve, the Indian toy sector stands poised to play a key role in the global landscape.
For up-to-date information, refer to trusted resources like the Toy Association’s reports and market analysis from reliable news outlets.
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INDIAN TOY MAKERS, TOY ASSOCIATION OF INDIA, GMI RESEARCH, AMERICAN MARKET, US TARIFFS ON CHINESE IMPORTS, US TARIFFS ON CHINESE IMPORTS: INDIAN TOY MAKERS KEEN TO LEVERAGE 'GOLDEN OPPORTUNITY'