Global Model Car Market Expected To Register A CAGR Of 5.1% Over 2018-2022

Date: 2018-04-16

A model vehicle or toy vehicle is a miniature representation of an automobile. Other miniature motor vehicles, such as trucks, buses, or even ATVs, etc. are often included in this general category. Because many miniature vehicles were originally aimed at children as playthings, there is no precise difference between a model car and a toy car, yet the word ‘model’ implies either assembly required or the accurate rendering of an actual vehicle at smaller scale.

The growth of Model Car mainly attributes to the rising civilian disposable income and increasing population across the global, according to research, the total revenue of global Model Car market reached USD 1177.5 million in the year of 2018, and is expected to hit USD 1.42 billion by 2022.

Geographically, the North America is largest Model Car market which had the revenue of over USD 361 million in the year of 2017 and expected to keep growing at a major CAGR during the forecast. However, the Asia Pacific is estimated to register a highest CAGR during the forecast period, especial in China, which announced the second child policy may drive the growth for Asia Pacific Model Car market.

On the basis of top manufacturers, the global Model Car industry is a billion dollar industry dominated by five main players: Mattel, Namco Bandai, Lego, Hasbro and Jakks Pacific. American Model Car manufacturing company Mattel is the industry leader with the highest revenue amongst the major Model Car companies in 2017. Tokyo-based Namco Bandai, strong in its domestic market, ranked third in terms of revenue; Hasbro and Jakks Pacific complete the top 5.

Global top manufacturers operating in Model Car market are Tamiya, HPI Racing, Redcat Racing, Maisto, Traxxas, World Tech Toys, Horizon Hobby, Tekno RC, AULDEY, Carrera RC, Kyosho, Losi, Thunder Tiger, Hobbico, Rastar (HK) Industrial, Mugen Seiki among others.

Global Model Car market share by geography as following:

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Joanna | Executive – International Business and partner Relations
E-mail: | Tel: 510-400-8520


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