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The potential growth difference for the automotive diecast scale model market between 2020 and 2025 is USD 1.19 billion. To get the exact yearly growth variance and the Y-O-Y growth rate, Talk to our analyst.
Key Market Dynamics:
- Market Driver - The key factor driving growth in the automotive diecast scale model market is the expected high resale value-driving collection of diecast scale models. Automotive diecast scale models are akin to other usual collector items. Limited availability and unviable shipping involving a few units raise the product costs. An AUTOart model, which costs USD 200, has seen its actual price going up due to high shipping charges. This has prompted automotive diecast scale model collectors to switch to other brands and different models, which has reduced the availability of high-cost models. The few diecast model collectors that have purchased AUTOart models see high resale values for the products as they are available in limited numbers. The resale value of a diecast scale model becomes premium with accrued appreciation cost from the base price of the model if its exclusivity and demand increase.
- Market Challenges - Consumer-specific cost challenges are major challenges faced by the automotive diecast scale model market. There is a lack of a base price for diecast models, while the maintenance cost of small-sized diecast models is high. The resale value of a diecast scale model is determined by adding the accrued appreciation cost to the base price. Appreciation costs can be derived from the exclusivity and demand for a particular diecast scale model. A diecast scale model will command a higher resale value only if it is highly exclusive. The prices go up in proportion to the increase in rarity, exclusivity, base price, or collectible status of a particular model. These consumer-specific challenges are expected to negatively impact the global automotive diecast scale model market.
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Market Segmentation & Revenue Generating Segment
The automotive diecast scale model market report is segmented by End Users (Collectors and Non-collectors), Application (Cars and Bikes), and Geography (North America, Europe, APAC, South America, and MEA).
The automotive diecast scale model market share growth by the collector's segment will be significant for revenue generation. Collectors are automotive enthusiasts who are ready to spend a high price on getting a more accurate, detailed, and true diecast scale model. The preferred diecast scale sizes would be mostly 1:4, 1:8, 1:12, and 1:18. This segment dominated the market and is expected to garner more shares during the forecast period. However, the collector's segment will generate higher revenues, owing to a strong preference for superior quality diecast scale models.
View our sample report for additional insights into the contribution of all the segments & regional opportunities in the report.
Some Companies Mentioned
- Amalgam Collection
- Bburago International Inc.
- Exoto Inc.
- Hamleys of London Ltd.
- Hornby Hobbies Ltd.
- Jada Toys Inc.
- KYOSHO Corp.
- Maisto International Inc.
- Mattel Inc.
- NOREV
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Automotive Diecast Scale Model Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6% |
Market growth 2021-2025 |
USD 1.19 billion |
Market structure |
Fragmented |
YoY growth (%) |
5.36 |
Regional analysis |
North America, Europe, APAC, South America, and MEA |
Performing market contribution |
North America at 35% |
Key consumer countries |
US, Germany, UK, Italy, and China |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Amalgam Collection, Bburago International Inc., Exoto Inc., Hamleys of London Ltd., Hornby Hobbies Ltd., Jada Toys Inc., KYOSHO Corp., Maisto International Inc., Mattel Inc., and NOREV |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Key Topics Covered:
- Executive Summary
- Market Landscape
- Market Sizing
- Five Forces Analysis
- Market Segmentation
- Customer landscape
- Geographic Landscape
- Vendor Landscape
- Vendor Analysis
- Appendix
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Technavio Research
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SOURCE Technavio
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