The Manufacture of Games and Toys sector in Turkey has exhibited substantial growth from 2013 to 2023, with turnover rising from 362.1 million to 2670 million New Turkish Liras. The sector experienced peaks in year-on-year growth, notably 36.22% in 2020 and 30.02% in 2017. Despite a slight deceleration, a CAGR of 23.58% was recorded over the last five years leading up to 2023, manifesting robust sector performance. However, from 2024 onwards, a moderate growth trajectory is forecasted with a 5-year CAGR of 7.74% and an overall 45.16% growth rate by 2028.
Future trends to watch for include:
- Impact of digital and online gaming integration driving innovation.
- Consumer preference shifts towards educational and interactive toys.
- Expanding export markets and government policies supporting local manufacturing.
- Technological advancements and sustainability trends in production processes.