The Toy Book spoke with Soren Torp Laursen, president of the Lego Group, about the state of the construction toys category and how Lego is adapting to trends.
The Toy Book: Building sets saw a 23 percent increase in sales from 2011 to 2012, according to the NPD Group. And the category is the strongest toy category right now. Why has the construction category taken off over the past couple of years?
Soren Torp Laursen: Building is the best and most versatile play experience available to children, and it is our DNA. Our single brand status has given us the focus and discipline to offer the best quality material and grow our business—and the category along with it. Our momentum has been strong over the last eight years, which furthers our ability to invest in expanding the brand to invite new users and drive continued growth. Parents and children alike recognize the lasting value and versatility of a Lego building experience, which is why we strive to meet their evolving needs with Lego solutions. We don’t see that different play patterns need to be discreet experiences, and fortunately, our brand’s versatility allows us to adapt compelling play patterns to the building sets category, such as action figures, dolls and play sets, vehicles, and gaming. By changing the way we approach what constitutes a building experience, without fundamentally changing what makes it a Lego experience, we continue to deliver relevant, yet familiar, Lego products that are driving industry growth.
TB: What are some of the biggest trends you’ve noticed in the construction category recently?
STL: Perhaps the biggest trend in building sets at the moment is licensing, which seems to be increasing as other players seek to establish or grow their businesses. Building sets is an incredibly tough toy category to enter, establish, and sustain, therefore it is not for dabblers. Being a player requires costly complexities in molding and supply chain operations, plus research and development to be relevant and broad enough to attract a sustainable fan base, which we have found comes not only from single event-based properties, but from a wide variety of original and licensed themes that appeal to any child of any age. [Read more...]