Industry Background:
A garage kit is usually used to park car, boat, plane, etc. Most of the developed countries include the United States, United Kingdom, Canada, Germany and others have contributed immensely to the growth in the garage kit market. Due to the rise in costs for the materials to make the kits, the kits themselves now run a pretty penny and are manufactured in a smaller scale to save on material and labor costs. If a larger garage kit is what you desire, be prepared to fork out a substantial amount of dough, because the kits are a larger size they take up more material, therefore they cost more.
According to AMA Research, the market for Garage Kits is expected to register a CAGR of 8.94% during the forecast period to 2030. This growth is primarily driven by Surging Number of Garage Area in Developed Countries
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | K Units |
Value Unit | 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 |
The Housewares & Specialties 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 Alan's Factory Outlet (United States), HCI Steel Buildings (United States), Passmores Portable Buildings Ltd (United Kingdom), Hanson Steel Buildings (United Kingdom), General Steel Buildings (United States), DC Structures (United States), Steel Garages UK (United Kingdom), Innov Chene (United Kingdom), Lincoln Steel Buildings (United States), Studio Shed (United States) and Absolute Steel (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:
In August 2023, Aoshima Bunka and Hasegawa Corporation announced a capital alliance, strengthening their ties in the plastic model kit market.
In December 2023, Kotobukiya unveiled a new line of "ARTFX J" statues featuring characters from the popular "Demon Slayer" anime series.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.
Influencing Trend:
Adoption of Lightweight Materials in Garage Storage Systems
Market Growth Drivers:
Surging Number of Garage Area in Developed Countries and Increasing Demand for Automobiles in Developing Regions which includes India, China and Others
Restraints:
Fluctuating Prices of Raw Material
Opportunities:
Development of Wide Range of Products to Manage and Store Various Types of Equipment
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 mainly 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 market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Garage Kits Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Garage Kits Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Garage Kits players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
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, Garage Kits Study Sheds Light on
The Garage Kits Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Garage Kits industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Garage Kits industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, 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.