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The growth of the market is propelled by the potential high resale value of certain diecast scale models, although its progress is hindered by the counterfeit models impacting sales of the market. Furthermore, there is a notable upward trend in the growing demand for customized and personalized diecast scale models.
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Companies are implementing various market growth and forecasting strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches to enhance their presence in the market.
Amalgam Collection - The company offers automotive diecast scale models such as Alfa Romeo 8C 2300 Monza, Arrow Mclaren SP, and Aston Martin DB5 Vantage.
The market report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including ACME Trading Co., Amalgam Collection, Auto World Store, AUTOart, AutoCult GmbH, Automania India, Automodello, Corgi Model Club, Ducal LLC, GreenLight LLC, Hamleys of London Ltd., KYOSHO Corp., Mattel Inc., May Cheong Group, Model Car World GmbH, Motormax Toy Factory Ltd., Scale Arts India, Simba Dickie Group GmbH, Spark Models, Sun Star Models Development Ltd., Welly Die Casting Factory Ltd., Minimax Import and Export Co. Ltd., and Norev
Qualitative and quantitative analysis of market growth and trends of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified. Furthermore, market growth and forecasting it is also quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Our researchers analyzed the market research and growth data with 2023 as the base year, along with the key market growth analysis, trends, and challenges. A holistic analysis of drivers, trends, and challenges will help companies refine their marketing strategies to gain a competitive advantage.
The remarkable potential for high resale value in specific diecast scale models is a key driver propelling the expansion of the market. These models, resembling typical collector items, gain prominence due to their distinctive qualities. However, challenges arise from limited availability and impractical shipping methods, impacting product costs, exemplified by an AUTOart model priced at USD 200 due to elevated shipping charges for a few units. Collectors who secure these limited-edition models witness considerable resale values, further enhanced by the exclusivity and demand for such items. The resale value of a diecast scale becomes premium, accumulating appreciation costs from the base price of its enthusiasts, and global influence drives up demand.
Moreover, this trend prompts collectors to strive to maximize the resale value of their collectibles, necessitating an increase in appreciation premium. Further, counterfeit lightweight materials impact applications in commercial passenger car manufacturing. Many serial collectors or professional agencies strategically acquire collectible diecasts specifically for selling them at premium prices under favorable circumstances. This factor is anticipated to significantly boost the growth of the market, underlining the profound impact of consumer demand, supply chain dynamics, and the influence of collector clubs on the global die-cast scale model industry.
Growing demand for customized and personalized diecast scale models is an emerging trend shaping market growth. Consumers are increasingly seeking unique and tailor-made replicas that resonate with their individual preferences and interests. This trend is driven by the desire for a more personalized and immersive collecting experience, allowing enthusiasts to express their passion for automobiles distinctively. Several product companies have embraced this trend by offering customization options, enabling customers to tailor various aspects of their diecast scale models. For instance, some manufacturers allow customers to choose specific colors, finishes, decals, and even personalized details such as license plates. This level of customization not only enhances the aesthetic appeal of the models but also creates a deeper connection between the collector and the miniature replica.
Further, as the demand for personalized diecast scales continues to grow, manufacturers that provide extensive customization options are likely to enjoy increased market prominence and customer loyalty in the competitive landscape of the market and are expected to positively impact the growth of the market trends during the forecast period.
Counterfeit models impacting sales of the market is a significant challenge hindering market growth. This issue poses several detrimental effects on the market. The presence of counterfeit can dilute the reputation and perceived value of authentic diecast scale models. Consumers may unknowingly purchase counterfeit products, believing them to be genuine, only to experience disappointment with the quality and accuracy of the model. This can lead to a loss of trust in the market and negatively affect the overall consumer perception of diecast scale models. The proliferation of counterfeit creates unfair competition for legitimate companies.
Additionally, the sale of counterfeit samples can result in financial losses for legitimate manufacturers due to unauthorized use of intellectual property and trademarks. It undermines the intellectual property rights of original creators and deprives them of the rightful economic benefits associated with their designs. Thus, the availability of counterfeit samples may negatively impact the growth of the market during the forecast period.
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The market share growth by the cars segment will be significant during the forecast period. The cars segment is expected to expand due to rising sales of both smaller-sized and larger-sized diecast models. Smaller-scale models are usually toy-quality that children play with during games such as slot racing. As cars are more suitable for playing than bikes, the cars segment is expected to accelerate during the forecast period. In addition to that, the standard cars segment is also growing faster than the bikes segment amid strong demand for vintage model cars. The car segment was the largest and was valued at USD 2.99 billion in 2018. Car models, especially iconic and classic vehicles, evoke strong sentiments among collectors and enthusiasts, driving demand for detailed and accurate diecast replicas. The vast and diverse range of cars available in the market, spanning various eras, makes, and examples, caters to a wide audience with diverse preferences, further fueling demand. Thus, strong demand for vintage car models over bikes and the growing consumer interest in collecting diecast scale model cars are expected to be the two main factors boosting the growth of the segment during the forecast period.
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Based on the end-user, the market has been segmented into collectors and non-collectors. The collectors segment will account for the largest share of this segment.?
North America is estimated to contribute 35% during the forecast period.
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Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. In North America, the US is the major market. Consumers in the country accord high importance to the quality and reliability of models. The collectors segment focuses more on a diecast scale model exclusivity. However, price sensitivity is moderate due to the presence of a non-collectors segment that does not purchase toy-quality diecast scale models as collectibles. The higher the demand for exclusive automotive diecast models, the greater their cost. The reliability of diecast models raises the value of established brands and helps them generate higher revenues. The presence of a dedicated community of collectors in North America, particularly in the United States, contributes significantly to the demand.
In addition, the automotive culture, including car shows, enthusiasts gatherings such as toy fairs, and automotive events, is vibrant in North America. It serve as tangible representations of iconic and classic cars celebrated in this culture, fueling demand. These are popular choices for gifts and souvenirs. Moreover, the accessibility of diecast scale models through online platforms has expanded the market reach. E-commerce platforms provide a convenient way for enthusiasts and consumers to browse and purchase models, driving regional market growth. Such factors are expected to drive regional market growth during the forecast period.
The market is navigating challenges posed by global supply chain disruptions and trade restrictions, impacting the dynamics of the die-casting industry. Amidst the automotive sector's transformation, driven by the surge in electric vehicles and adherence to stringent CAFÉ standards and evolving EPA policies set by the Environment Protection Agency (EPA), innovative technologies like Vacuum Die Casting and Ultra-high-vacuum die casting processes play a pivotal role. Major industry players such as Nissan strategically engage with OEMs like LK Group and adopt advanced Idra 6000T die-casting technology.
Also, the market experiences heightened demand for precision in the form of die-cast toys, particularly within the realms of luxury vehicles and electric vehicles (EVs), while the influence of aluminum extends across both passenger car and commercial vehicle segments. Enthusiast communities, exemplified by Collector clubs, contribute to the market's vibrancy, reflecting its adaptability to technological advancements and industry shifts within the dynamic automotive landscape.
Automotive Diecast Scale Model Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2023 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.94% |
Market Growth 2024-2028 |
USD 1.52 billion |
Market structure |
Fragmented |
YoY growth (%) |
5.76 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 35% |
Key consumer countries |
US, Japan, Germany, France, and UK |
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
Key companies profiled |
ACME Trading Co., Amalgam Collection, Auto World Store, AUTOart, AutoCult GmbH, Automania India, Automodello, Corgi Model Club, Ducal LLC, GreenLight LLC, Hamleys of London Ltd., KYOSHO Corp., Mattel Inc., May Cheong Group, Model Car World GmbH, Motormax Toy Factory Ltd., Scale Arts India, Simba Dickie Group GmbH, Spark Models, Sun Star Models Development Ltd., Welly Die Casting Factory Ltd., Minimax Import and Export Co. Ltd., and Norev |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the 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. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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