Global Diecast Model Car
Market Report
2024
The Global Diecast Model Car market size will grow at a compound annual growth rate (CAGR) of 5.10% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, The Global Diecast Model Car market size will grow at a compound annual growth rate (CAGR) of 5.10% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Diecast Model Car Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.1% |
Market Split by Scale |
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Market Split by Distribution Channel |
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Market Split by Car Type |
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Market Split by Material |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Diecast Model Car industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Diecast Model Car Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The rising demand for cards among collectors who seek to build and expand their collections, rising demand for historic cars to create appealing to individuals, preciseness in details of scale accuracy, strong quality and accuracy to build a loyal customer base, innovations in the automotive industry, rising demand for limited edition models, growing pop culture and media, rising purchase of cars as gifts or souvenirs, economic growth boosting sales, availability on online platforms, rise in customization options, increasing awareness of environmental issues, advances in manufacturing technologies and materials, integration with digital media, and growing efforts to educate consumers about history of diecast models are the major factors influencing the market growth.
These developments empower businesses to offer better-tailored solutions and services, which, in turn, contribute to the growth of the Diecast Model Car industry.
For instance, Amalgam Collection - The company offers automotive diecast scale models such as Alfa Romeo 8C 2300 Monza, Arrow Mclaren SP, and Aston Martin DB5 Vantage.
(Source:www.amalgamcollection.com/collections/1-8-scale)
A significant market driver for Diecast Model Car has been high resale value. Firstly, diecast models are often crafted with meticulous attention to detail, using high-quality materials and precision engineering, which enhances their overall durability and desirability among collectors. Additionally, limited-edition and rare diecast models tend to appreciate over time, driven by their scarcity and growing demand among enthusiasts.
For instance, an AUTO art model, which costs USD 200, has seen its actual price go up due to high shipping charges. It has prompted automotive diecast scale model collectors to switch to other brands and different models, which has reduced the availability of high-cost models.
(Source:www.cbinsights.com/company/hamleys)
Furthermore, diecast models often serve as nostalgic items for individuals, reminding them of specific eras or iconic automotive designs, adding sentimental value. The resale value is also bolstered by a strong and active collector community, fostering a robust secondary market. In essence, the combination of craftsmanship, scarcity, sentimental value, and a passionate collector base fuels the high resale value of diecast model cars in the global market.
The market for Diecast Model Car has undergone a revolution because of the rise in technological innovations. Manufacturers are leveraging advancements in materials, design software, and production techniques to create highly detailed and realistic diecast model cars. 3D printing technology, for instance, allows for intricate and accurate replication of vehicles, enhancing the overall quality of the models.
For instance, hotwheel racing cars come with attractive tracks to develop a sense of teamwork and sportsmanship in children.
Additionally, the integration of IoT (Internet of Things) and augmented reality features into diecast models is transforming the user experience. These innovations enable interactive and immersive experiences for collectors and enthusiasts, further boosting market demand. As technology continues to evolve, the diecast model car market is poised to grow as it caters to the desires of collectors for increasingly realistic and feature-rich models.
The constraints of costly modification to meet compliance requirements constrain the Diecast Model Car market. Additionally, rising production costs, including materials and labor, can squeeze profit margins for manufacturers and drive up prices for consumers. Furthermore, competition from alternative hobbies and entertainment options, such as video games and digital collectibles, poses a threat to the diecast model car market. Lastly, the market's limited appeal to younger generations, who are more inclined toward digital experiences and sustainability concerns, could hinder future growth prospects.
Due to a temporary decline in production and sales, many manufacturers faced challenges in sourcing materials and distributing their products, causing delays and reduced availability. The pandemic also accelerated the shift towards online sales channels, with many collectors turning to e-commerce platforms to purchase diecast models. While the industry faced initial setbacks, it adapted to changing circumstances and is now poised for gradual growth as the world recovers from the pandemic's impact.
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The market for Diecast Model Car has a very different competitive environment. The key players invest significantly in research and development to enhance product quality and accuracy while also catering to the demands of collectors and enthusiasts alike. E-commerce platforms and brick-and-mortar stores serve as primary distribution channels, ensuring a wide reach for diecast model cars, which continue to enjoy strong demand from collectors and hobbyists worldwide.
March 2021: Sandhar Technologies Limited signed a non-binding Memorandum of Understanding (MoU) with Unicast Autotech (P) Ltd to acquire an aluminum die-casting business.
February 2021: Endurance Technologies new plant in Vallam, Vadagal, Kancheepuram, Tamil Nadu, began commercial production. For delivering machined aluminum castings to Hyundai, Kia, and Royal Enfield, the plant will create aluminum die-castings and integrate disc brake components with control brake modulators.
Top Companies Market Share in Diecast Model Car Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America dominated the market in 2023 and accounted for a share of more than 32.5% of the global market share due to the thriving automotive culture. The North American region dominates the market for Diecast Model Car. Additionally, the popularity of classic cars and motorsports in the area further bolstered demand. However, factors like economic conditions and consumer preferences can influence market dynamics. The region benefits from a well-established distribution network, including specialty stores and online platforms, catering to a diverse customer base. According to Cognitive Market Research, due to its significant economic size, vast global corporate presence, and diversified population, the United States is anticipated to hold a strong position in the North American area. Factors like nostalgia, hobbyist interest, and the growing popularity of diecast model cars as collectibles drive the market. In recent years, there has been an increased focus on the production of high-quality, highly detailed diecast models, further boosting the market's growth potential. Overall, the diecast model car market in the United States is poised for continued expansion, supported by a dedicated fan base and innovative product offerings.
The Asia-Pacific’s rapidly growing economies and increasing disposable incomes have become key drivers of demand for diecast model cars. China, in particular, has witnessed a surge in collectors and enthusiasts, boosting both production and sales. Furthermore, the region's rich automotive history and heritage have contributed to a thriving market for diecast replicas of iconic vehicles. Manufacturers in Asia-Pacific have also excelled in producing high-quality, detailed models that cater to a diverse range of consumer preferences.
The current report Scope analyzes Diecast Model Car Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Diecast Model Car Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Diecast Model Car Industry growth. Diecast Model Car market has been segmented with the help of its Scale, Distribution Channel Car Type, and others. Diecast Model Car market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, a 1/12 scale is among the largest in the market for Diecast Model Car. These models are highly detailed and offer a realistic representation of the actual vehicles. Due to their size and intricate detailing, they are often considered collector's items and are sought after by serious enthusiasts.
1/18 is the second-most popular scale. These models strike a balance between size and detail. They are large enough to showcase intricate features and are highly collectible. The 1/18 scale is favored for its ability to capture both the overall design and finer details of the vehicles.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Diecast Model Car Industry. Request a Free Sample PDF!
According to Cognitive Market Research, online distribution channels have gained a significant place in the Diecast Model Car market. The content of accessibility and the wide range of choices offered by online platforms make them a preferred choice for many consumers. Online retailers and e-commerce platforms, such as Amazon, eBay, and dedicated diecast model car websites, have become popular destinations for collectors and enthusiasts. They offer the convenience of browsing, comparing, and purchasing diecast models from the comfort of one's home, along with the ability to access a broader global market. ??????
The diecast model car for offline distribution channel offering ranks second in position. Specialized hobby shops, toy stores, and automotive collectible shops offer customers a hands-on experience, allowing them to inspect the models physically before making a purchase. These stores often provide valuable insights and expertise from knowledgeable staff, which can be beneficial for collectors seeking rare or vintage pieces. Additionally, physical stores serve as hubs for local diecast model car communities, fostering in-person interactions and events.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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According to Cognitive Market Research, vintage cars represent a significant segment in the Diecast Model Car market. These cars typically replicate vehicles from the early 20th century to the mid-20th century. They are known for their elegant and timeless designs, capturing the nostalgia of a bygone era. Vintage diecast cars are popular among collectors and history enthusiasts.
According to Cognitive Market Research, classic cars are the second most prominent category in the Diecast Model Car Market. They feature vehicles from the mid-20th century to the late 20th century, showcasing iconic cars like the Chevrolet Bel Air, Ford Mustang, and Volkswagen Beetle. Collectors often seek classic models due to their historical significance and enduring popularity.
The metal is the Diecast Model Car market's most popular material. They are typically made from a combination of zinc, aluminum, and other alloys. These models are favored for their durability, realistic weight, and authentic appearance. Metal diecast cars often feature intricate details and precise craftsmanship, making them highly collectible items for serious enthusiasts.
According to Cognitive Market Research, plastic is the second-most popular material. These models are typically made from injection-molded plastic. While they may lack the weight and durability of metal models, they are often available in a wide range of colors and designs. Plastic diecast cars are great for younger enthusiasts and casual collectors due to their affordability and ease of customization.
Research Analyst at Cognitive Market Research
I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.
Sneha Mali is a research analyst working in various domains including the Consumer Goods, market research and transport & logistics and her primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. Her knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively.Sneha stay up-to-date with the latest research trends, methodologies, and technologies to ensure that her research is accurate, relevant, and impactful.
In her current role, Sneha is committed to continuous learning and staying abreast of emerging trends in research methodologies. Regular participation in workshops, webinars, and industry conferences ensures that her skills remain sharp and relevant. She have demonstrated ability to transform complex data sets into clear and concise narratives that inform key business strategies. Collaborating with cross-functional teams.Sneha remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Diecast Model Car Market is witnessing significant growth in the near future.
In 2023, the 1/12 segment accounted for noticeable share of global Diecast Model Car Market and is projected to experience significant growth in the near future.
The Online segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Bburago International Inc. , Amalgam Collection and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Scale | 1/12, 1/18, 1/24, 1/32, 1/36, 1/38, Others |
Distribution Channel | Online, Offline |
Car Type | Vintage Cars, Classic Cars, Pullback Cars, Formula 1 Cars, Others |
Material | Metal, Glass , Plastic, Others |
List of Competitors | Bburago International Inc., GreenLight LLC, Amalgam Collection, AUTOart, Automodello, Maisto International Inc., Hornby Hobbies Ltd., Jada Toys Inc., KYOSHO Corp., Miniatures Autos Motos |
This chapter will help you gain GLOBAL Market Analysis of Diecast Model Car. Further deep in this chapter, you will be able to review Global Diecast Model Car Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Scale Analysis 2019 -2031, will provide market size split by Scale. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Scale Analysis 2019 -2031
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Chapter 11 Market Split by Distribution Channel Analysis 2019 -2031
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Chapter 12 Market Split by Car Type Analysis 2019 -2031
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Chapter 13 Market Split by Material Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Diecast Model Car market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why 1/12 have a significant impact on Diecast Model Car market? |
What are the key factors affecting the 1/12 and 1/18 of Diecast Model Car Market? |
What is the CAGR/Growth Rate of Online during the forecast period? |
By type, which segment accounted for largest share of the global Diecast Model Car Market? |
Which region is expected to dominate the global Diecast Model Car Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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