Global Diecast Model Car Market Overview:
Diecast model cars are any toy or collectible model produced in a particular shape. These model cars are made using die casting methods on materials such as plastic, rubber, glass, or other machined metal parts to mold them in car shape. Also, these cars are used as a miniature representation of an automobile. Increasing demand for the diecast model cars from kids has boosted the market growth.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Trend for Customized Product Manufacturing
Market Growth Drivers:
Increasing Demand for Metal-Based Diecast Model Cars and Easy Go Hand-In-Hand
Challenges:
Quality of Product
Restraints:
High Cost Compared to Traditional Toy Cars
Opportunities:
Increasing Use of Diecast Model Cars as Miniature to Promote their New Car Models by Automotive Companies and Growing Demand from Kids for Sports Cars Toys
Competitive Landscape:
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are NewRay (Hong Kong), Mattel (United States), Marklin (Germany), Hasbro (United States), Amalgam Collection (United Kingdom), AUTOart (Hong Kong), Automodello (United States), Maisto (United States), BBURAGO (United States), GreenLight Collectibles (United States), Welly Die Casting Factory Limited (Hong Kong), Spin Master (Canada), Minichamps (Germany), Paudi Model Technology (China) and CMC Modelcar (Germany). Analyst at AMA Research see United States Vendors to retain maximum share of Global Diecast Model Car market by 2028. Considering Market by Model Car Scale, the sub-segment i.e. 1:8 will boost the Diecast Model Car market. Considering Market by Sales Channel, the sub-segment i.e. Online will boost the Diecast Model Car market. Considering Market by Material, the sub-segment i.e. Plastic will boost the Diecast Model Car market.
In September 2023, Skoda Auto plans to has launch multiple models and refresh its existing line-up as it seeks to strengthen its position in India's competitive market and become profitable, said its CEO Klaus Zellmer.
What Can be Explored with the Diecast Model Car Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Diecast Model Car Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Diecast Model Car
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Diecast Model Car market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Diecast Model Car market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Diecast Model Car Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End Use Industry.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.