Chinese toys equipped with AI have drawn attention from overseas merchants, who see huge potential in their market potential due to competitive costs and quality.
Driven by the rise of artificial AI, the toy industry has embraced a new wave of intelligent transformation.
From smart robot dogs to desktop companion bots, AI toys are one of the most popular categories for procurement.
"This year is something developing very well with AI. We're very impressed, and we're very focused on this," said a merchant from Spain.
"After seeing how fast China's AI develops, overseas clients are quite shocked. Many of them have told me that they cannot wait until we've crafted the products to perfection. For example, one of my customers from Russia asked me to open the port for Russian language first," said Shen Runnan, general manager of Shantou Subotech Toy Co., Ltd.
Compared to the similar AI toys made overseas, which typically sell for over 400 U.S. dollars, China-made products sell for around 40 to 50 U.S. dollars. The lower costs are making them highly competitive in global market.
"Since China's AI technologies have been taking the lead, the costs on AI large models, computing power and hardware can be under good control. The AI toy is a greater transformation and upgrading for the entire toy industry," said Liu Zhenlie, chairman of the Shenzhen Toy Industry Association.
Demand for AI toys is expected to grow monumentally in the coming years. According to a forecast by IMARC Group, the global AI toy market size global is expected to rise from 18.1 billion U.S. dollars in 2024 to 60 billion U.S. dollars in 2033.
China's AI toys draw attention from overseas merchants
