Global Automotive Diecast Scale Model Market 2019-2023
About Automotive Diecast Scale Model
An automotive diecast scale model is a replica of an actual vehicle in different scales manufactured using the diecasting process.
Technavio’s analysts forecast the global automotive diecast scale model market to grow at a CAGR of 5.37% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive diecast scale model market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Diecast Scale Model Market 2018-2022
Technavio recognizes the following companies as the key players in the global automotive diecast scale model market: Amalgam Collection, AUTOart, Automodello, BBURAGO, GreenLight Collectibles, and Maisto International.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing consolidation in the market through acquisitions. Increasing demand for automotive diecast scale models and the growing need for expanding their product portfolio are pushing manufacturers toward acquisitions. A major acquisition in the past decade took place in 2007.”
According to the report, one driver in the market is expected high resale value driving collection of diecast scale models. Automotive diecast scale models are akin to other collector items. However, limited availability and unviable shipping involving a few units raise product costs. For instance, an AUTOart model, which costs $200, has seen its actual price going up due to high shipping charges.
Further, the report states that one challenge in the market is consumer-specific cost challenges. The major challenge for consumers in the automotive diecast scale model market is cost. There is also a lack of a base price for diecast models while the maintenance cost of small-sized diecast models is high.