are you too kids toys business want to start and want to know How to start a kids toys business? What is Business Idea & Plan? So this blog post is just for you because after reading this you will get the answer of all these questions easily.

Toys are an integral part of our childhood. Popular among kids, toddlers, teens and even adults, everyone loves toys. Toys not only entertain kids but also help them develop the horizons of their imagination, dexterity and much more.

According to the National Investment Promotion and Facilitation Agency, ‘The toy industry in India is estimated to be $1.5 billion, accounting for about 0.5% of the global market share. The Indian toy industry is also projected to grow to $2-3 billion by 2024.

The report also said, ‘The demand for toys in Tier 2 and Tier 3 cities will increase 1.2 times by 2025’.

Toy manufacturers in India are mainly located in Karnataka, Maharashtra, Tamil Nadu, NCR and central Indian states. in this area MSME There are 4,000 toy industry units in the area.

In August 2020, Prime Minister Narendra Modi also urged young entrepreneurs to focus on bringing innovation to the toy sector as the Indian toy market has huge potential.

The Prime Minister also suggested that start-ups should come up with creative designs and innovative toys that can create a sense of pride and help our domestic toy makers.

In addition to the domestic market, toy manufacturing Business There are also possibilities in foreign trade.

Recently, Swedish furniture maker IKEA announced on March 1, 2021 to increase sourcing of toys from India. IKEA has a range of over 1,000 products as part of its children’s range and plans to expand its operations by sourcing new toys in Delhi.

Starting a Toy Manufacturing Business is a Brilliant low investment business idea Is. Here are 5 steps in which you can start toy manufacturing business startup in India:

1. Research Your Market

Whether you are planning to start a cafe or toy manufacturing business, doing market research is essential. Having adequate and well researched information will help you build a business model. You will learn not only about your competitors but also about your target audience.

So, before starting a toy manufacturing business in India, do research for months to gather as much information as possible about this business.

2. Bring Innovation

toy manufacturing business It does not require huge investment to start. However, there is one thing you need to have to be successful in the market- creativity!

Try designing unique toys and their extraordinary designs will set you apart from the rest of the toy maker. The toy business in India is growing rapidly, which means that the market will continue to grow. Your customers want different things in a very short amount of time. Therefore, it is very important to be creative to meet the demands of your customers.

3. Find Your Category

Toy manufacturing business in India is booming with lots of opportunities and competition at the same time. If you want to start a toy manufacturing business, you need to know what it takes to be successful in your niche market. Whether you want to manufacture soft toys or you also want to venture into the electronic toys market, you have to make a decision.

Finding a specific market not only allows you to find your target customers but also gives you in-depth knowledge to meet their needs and preferences.

4. Raw Material

The process of manufacturing toys is easy and simple. You will need basic raw materials which include pattern, fabric cutting, mold making, fibers for stuffing, sewing machine, eyes and nose pinching.

However, if you want to venture into manufacturing electronic toys then you will need a toy manufacturing machine and raw materials. Along with this, you will also have to hire a staff.

5. Toys Manufacturing Machine

If you only want to make stuff toys, you will need premium quality raw materials and a sewing machine. But, if you want to set up a manufacturing unit, you must first secure a location. Lastly, you have to set up the machinery that makes the toy. Some of the most important machines and equipment are:

  • digital multimeter
  • temperature controlled
  • drilling machine
  • LCR meter
  • analog meter
  • electronic screwdriver
  • Combined Soldering Desoldering Station
  • High-Speed ​​Mini Drill Set
  • digital storage oscilloscope
  • Tools, tools, and dies, etc.

You will also need to get a fire protection system to protect your unit from fire. If you want to start a toy store in India then the initial investment may take around Rs 2,00,000 to Rs 5,00,000.

The toy manufacturing business in India has potential in the domestic as well as international market. The main driving factor behind its increasing popularity is the increasing demand for quality and luxury goods.

10 Cool Toy Business Ideas & Plans

#1 Making Balloons

You can start making balloons on a small scale. In addition, balloon toys are also very popular. The major investment is simple machinery and raw materials. The market is very promising. However, you’ll need to tap on the local market first.

#2 Selling Educational Toys

Children are eager to learn about the world around them, and they have a lot to learn. Every new shape, colour, texture, taste and sound is a learning experience for them. Even educational toys are useful for children. Demand is increasing. You can sell from retail store. Otherwise, you can start an online small store with comparatively less capital investment.

#3 Making an electronic toy

of India electronic The toys market is largely import-oriented. Electronics remotely controlled toys are very popular. Hence, manufacturing of this item as per revenue earning model is economically viable.

#4 Kite making

You can start kite making from home. Now you can also avail a good cutting machine for quality production. Different types of small and big kites are very popular among kids. Even young and old also love to fly kites.

#5 Online Toys Library

It is one of the most profitable businesses in the industry. With the recent technology developments, you can start a small online store with little capital. Nowadays, parents prefer to take advantage of rental opportunity rather than purchase. In addition, you can include various products like CDs, DVDs, books, etc.

#6 Making soft toys

Making soft toys is one of the best toys for the ladies of the house for less money. Moreover, it does not demand the involvement of any major machinery. You can start a business with simple tools and equipment. However, you should invest in raw materials and packaging consumables.

#7. make a sponge toy

this is another profitable business Which you can start from home. Furthermore, this business demands only a few simple tools and equipment. In addition, you will need to arrange raw materials such as colored sponges and decorative items. Raw material is easily available in the local wholesale market.

#8. toy import

India imports a variety of toys every year, the list includes scooters, various dolls, tricycles, puzzles, etc. To start this type of import business, you need to obtain an IEC code. However, this type of business requires a substantial amount of capital investment and the profit margin is very attractive. You can distribute the material to the local retail market.

#9 Toy Store

There is still a lot of potential in this traditional business. However, you should secure a good retail position. In addition, you can include other children’s stationery and entertainment-related products. However, if you are starting out with small capital, focus on a specific audience.

#10 Make wooden toys

This is also a home business. Nowadays, you hardly need any artistic skills to make a wooden toy. Diverse machinery who work with computer design. Wood is also a popular commodity in the home decor industry. However, the major reason for their popularity is that they are not fragile and last a long time. A true passionate person can start this business with low capital investment.

The toy industry in India is very lucrative. It provides various opportunities for entrepreneurs. In addition, a toy makes education enjoyable for children. In addition, the growing number of playschools has added fuel to the industry. There are even different types of franchises available in the industry.

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We hope that after reading this blog post your questions How to start a kids toys business? What is Business Idea & Plan? (How to Start Kids Toy Business Ideas & Plan in English?) You must have got the answer easily.