The US toy industry is undergoing an exciting time.
While toy production in the US has been stagnant for decades, the industry has experienced explosive growth over the last few years.
For the last two years, the US toy market has seen the fastest annual growth rates in history.
In 2017, the toy industry’s revenue grew an astounding 40% to $1.2 trillion, which equates to an annual growth rate of more than 30%.
While the US toys market is booming, many are finding it increasingly difficult to make a living.
The industry is currently struggling with a shortage of labor, low wages and an ever-growing demand for consumer products.
In this article, we will examine how the toy and industrial production industries are changing over the next few years, and how we can use the technology of robotics and automation to help them thrive.
How robotics can help the toy, industrial and toy industries thrive