Industry Background:
Toy Trains is a toy that looks like a train. It differs from a model train in that it focuses on low cost and durability rather than scale modelling. A toy train can be as simple as a toy that runs on a track or as complex as one that is powered by electricity, clockwork, or live steam. It is typically made of wood, plastic, or metal. Many steam trains may also be considered real, provided they are not strictly scaled or have insufficient detail in favour of a robustness appropriate for children or an inexpensive production.This growth is primarily driven by Increasing Usage of Social Media
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Attributes | Details |
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Study Period | 2016-2026 |
Base Year | 2020 |
Forecast Period | 2022-2026 |
Volume Unit | N |
Value Unit | Value (USD Million) |
Key Companies in Study | Micro Trains (United States), Bachmann (China), Athearn (United States), Fox Valley Models (United States), Kato (United States), Tomy Co. (France), Broadway Limited Imports (United States), Arnold by Hornby (United Kingdom), LIONEL (United States) and Atlas Trainman (United States) |
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 |
The Consumer Goods sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Micro Trains (United States), Bachmann (China), Athearn (United States), Fox Valley Models (United States), Kato (United States), Tomy Co. (France), Broadway Limited Imports (United States), Arnold by Hornby (United Kingdom), LIONEL (United States) and Atlas Trainman (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 7th April 2021, Bachmann Group, global leaders in wind automation, announced their acquisition of German tech start-up Indalyz Monitoring & Prognostics GmbH (IM&P). With the addition of owner Professor Michael Schulz and his expert team, the move expands Bachmann's well-established Condition Monitoring portfolio and sets new standards in the development, implementation, and commissioning of intelligent monitoring software. The development of novel algorithms for complex systems, aided by new mathematical models, is a particular focus.
On 30th September 2021, The London North Eastern Railway (LNER) has launched a new toy train that allows people of all ages to purchase their own Azuma train. The official LNER Azuma Bigjigs toy train will be released in collaboration with the National Railway Museum (NRM) and will feature the iconic LNER Azuma red, white, and black livery that can be seen at speeds of up to 125mph on the East Coast route.The Toy Trains platform for narrative storytelling in this market is Verified Market Intelligence. VMI offers detailed forecasted trends and accurate insights on over 20,000 emerging and niche markets, assisting you in making critical revenue-impacting decisions for a prosperous future. VMI provides a comprehensive overview and global competitive landscape for your market's region, country, segment, and key players. Use the built-in presentation feature to present your market report and findings, saving you over 70% of time and resources for investor, sales & marketing, R & D, and product development pitches.
Market Drivers
- Increasing Usage of Social Media
- Increase in Disposable Income
- Rising Penetration of E-Commerce Stores
- Innovation has increased in Toy Manufacturing and Products
Market Trend
- Integration of Advance Technology Such As Artificial Intelligence and Internet of Things (Iot)
- Preference towards Automated Toy Model Manufacturing
Restraints
- Lack Of Awareness About Toy In Rural Area
- Non-Recyclable Plastic Toys are Associated with Environmental Crisis
- Growing Stringent Labour Regulations
- Rising Popularity of Video Games and Console Games
Opportunities
Innovation and Research Amplification
Challenges
Counterfeiting of Toy Trains Models and Maintaining Consumer Standards to comply with Toy Safety
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Toy Trains Study Sheds Light on
The Toy Trains Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Toy Trains industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Toy Trains industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.