Diecast Model Car Market: 35% of Growth Comes from North America, High Resale Value Drives Diecast Model Collection to Drive Market

NEW YORK, August 29, 2022 /PRNewswire/ — The “Diecast Model Cars Market – Competitive Analysis, Impact of COVID-19, Five Forces Analysis” report has been added to Technavio’s offering. Diecast Model Cars Market Size is Expected to Grow by $1.35 billion from 2021 to 2026, growing at a CAGR of 5.99%. 35% of market growth will come from North America during the forecast period. The United States is the key market for die-cast model cars in North America. Market growth in this region will be faster than market growth in the Middle East and Africa. Acquisitions and brand partnerships between brands, such as the partnership between Spin Master and Feld Entertainment, will facilitate the growth of the die-cast model car market in North America over the forecast period.

The latest market research report titled Automotive Diecast Scale Model Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026 has been announced by Technavio, who is proud to partner with Fortune Enterprises 500 for over 16 years.

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Diecast Model Cars Market – Market Dynamics

Main Drivers

  • The key factors driving the diecast model car market are high resale value, which is driving the collection of diecast model cars.. An AUTOart model, which costs $200, saw its real price increase due to high shipping costs. This prompted collectors of die-cast model cars to switch to other makes and different models, which reduced the availability of high-cost models. The few die-cast model collectors who have purchased AUTOart models see high resale values ​​for the products as they are available in limited numbers. The resale value of a die-cast model becomes premium with an increased appreciation cost over the base price of the model if its exclusivity and demand increases. This suggests that every collector would want to maximize the potential resale value of his or her collectibles, which necessitates an increase in appreciation premium. The high resale value will drive the global diecast model car market over the forecast period.

Major Challenges –

  • The major challenges to the growth of the global industrial market are consumer-specific cost challenges. The main challenge for consumers in the diecast model car market is cost. It also lacks a base price for diecast models, while the maintenance cost of small diecast models is high. The resale value of a diecast model is determined by adding the accumulated appreciation cost to the base price. In addition, another challenge concerns maintenance costs. The moving components of diecast models require regular maintenance to ensure a longer life. Maintaining larger die-cast models, such as 1:4 or 1:8 scale sizes, is not difficult as their parts are easy to disassemble and reassemble. Doing this in die-cast scale models with lower supply costs is problematic. Some replaceable components of AUTOart models costing from $200 at $500 can be sold for almost a tenth or more of the base price. These prices increase in proportion to the increase in rarity, exclusivity, base price, or collectible status of a particular model. Consumer-specific challenges are expected to negatively impact the market over the forecast period.

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Diecast Model Cars Market – Company Profiles

The Diecast Model Cars market is concentrated and the vendors are deploying several organic and inorganic growth strategies to compete in the market. The Diecast Model Cars Market report includes information on product launches, sustainability, and outlook from key vendors including Amalgam Collection, AUTOart, Automodello, Bburago International Inc., Exoto Inc., GreenLight LLC, Hornby Hobbies Ltd., Jada Toys Inc., KYOSHO Corp., Maisto International Inc. and Miniatures Autos Motos.

  • Amalgam Collection – The company offers a wide range of diecast models such as Ferrari 250 GTO 3705GT, Ferrari 250 LM 1965 and Ferrari F40.

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Diecast Model Cars Market – Segmentation Analysis

  • By Final user, the market is categorized into collectors and non-collectors.

  • By Application, the market is categorized into cars and bicycles.

  • By Geography, the market is classified as North America, EuropeACPA, South Americaand the Middle East and Africa.

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The competitive scenario predicted in the Diecast Model Cars Market analyzes, evaluates and positions companies according to various performance indicators. Some of the factors taken into account for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, market share growth, etc. your business goals with our Diecast Automotive Scale Models Market Forecast Report – Buy now!

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Scope of the Diecast Model Cars Market

Report cover

Details

Page number

120

base year

2021

Forecast period

2022-2026

Growth momentum and CAGR

Accelerate at a CAGR of 5.99%

Market Growth 2022-2026

$1.35 billion

Market structure

Concentrate

Annual growth (%)

5.63

Regional analysis

North America, Europe, APAC, South America, Middle East and Africa

Successful market contribution

North America at 35%

Main consumer countries

United States, Japan, Germany, United Kingdom and Italy

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

Amalgam Collection, AUTOart, Automodello, Bburago International Inc., Exoto Inc., GreenLight LLC, Hornby Hobbies Ltd., Jada Toys Inc., KYOSHO Corp., Maisto International Inc. and Miniatures Autos Motos

Market dynamics

Parent market analysis, market growth drivers and barriers, analysis of fast growing and slow growing segments, impact of COVID 19 and future consumer dynamics, and analysis of market conditions for the forecast period.

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

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Contents

1. Summary

2 Market landscape

3 Market sizing

4 Five forces analysis

5 Market Segmentation by End User

6 Market Segmentation by Application

7 Customer Landscape

8 Geographic landscape

9 drivers, challenges and trends

10 Supplier Landscape

11 Vendor Analysis

12 Appendix

About Us

Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.

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