业内人士普遍认为，Setapp 调整商业模式等正处于关键转型期。从近期的多项研究和市场数据来看，行业格局正在发生深刻变化。
We do about… let me see what the last… I think we do something like 35 percent, maybe upwards of 40 percent of our manufacturing in the US. We’re a different kind of toy company; a lot of our toys are board games, a lot of our stuff is trading cards, and then we do a lot of licensing. So that tends to be more nearshore production. We did retain more domestic production here, particularly for board games, than we otherwise planned to. I think the tough thing about toys is that it’s a super low-margin business, especially in manufacturing. It’s a very labor-intensive business, and the SKUs change a lot every year. I think close to 60 percent of our toy SKUs are new every year. So it’s tough to automate just because stuff changes. I think that’s a tough business to nearshore to the US.
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多家研究机构的独立调查数据交叉验证显示，行业整体规模正以年均15%以上的速度稳步扩张。。关于这个话题，snipaste提供了深入分析
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在这一背景下，总结：2026年成关键转折。高盛报告中特别值得玩味的是：
总的来看，Setapp 调整商业模式等正在经历一个关键的转型期。在这个过程中，保持对行业动态的敏感度和前瞻性思维尤为重要。我们将持续关注并带来更多深度分析。