The Die-cast Toys Market Size is valued at USD 1.78 billion in 2023 and is predicted to reach USD 2.50 billion by the year 2031 at a 4.4% CAGR during the forecast period for 2024-2031.
Die-cast toys are tiny models that are made by putting molten metal into a mould to make exact copies of the original. Technological advancements in the toy industry have increased die-cast toys’ appeal by raising their quality, realism, and attention to detail. People all over the world now more easily buy die-cast toys because of the proliferation of internet marketplaces and e-commerce. Additionally, premium die-cast models are in high demand because people’s discretionary earnings are on the rise, which means they can spend more on hobbies and collections.
The global market is being strengthened by the introduction of new designs, limited edition releases, and partnerships with automotive and entertainment firms, all of which keep consumers engaged. With more discretionary income, consumers are more likely to buy high-quality, accurate reproductions, which makes die-cast toys a popular option for collectors and fans, which is fueling the die-cast toys market in the coming years.
However, the market expansion of the die-cast toys sector is impeded by factors such as high production costs, complicated manufacturing processes, and rising competition. Furthermore, the COVID-19 pandemic caused delays in the die-cast toy industry by causing disaster in supply chains and production. However, more time spent at home meant more time for hobbies and collections, which meant more demand for the die-cast toys market. Moreover, e-commerce growth, capturing the attention of collectors, and capitalizing on well-known franchises for themed models abound in the die-cast toys industry. The market appeal and growth potential can be further enhanced by attracting environmentally concerned consumers through advancements in manufacturing and sustainable materials, which are all factors that could lead to opportunities in the die-cast toys market.
Competitive Landscape
Some Major Key Players In The Die-cast Toys Market:
- Simba Dickie Group
- Amalgam Collection
- LEGO System A/S
- BBR Exclusive Car Models
- BBURAGO
- EXOTO
- JAKKS Pacific, Inc.
- MATTEL
- REVELL
- Spin Master
- Welly Die Casting Factory Limited
- Other Market Players
Market Segmentation:
The die-cast toys market is segmented based on toy type, scale, material, power source, control method, end-use, and distribution channel. Based on toy type, the market is segmented into cars and bikes & motorcycles. By scale, the market is segmented into 1:18 scale, 1:12 scale, 1:43 scale, 1:64 scale, and 1:87 scale. As per the material, the market is segmented into metal, plastic, and others. By power source, the market is segmented into battery-powered and wind-powered. By control method, the market is segmented into pull-back action, remote control, and digital control (App-enabled). By end-use, the market is segmented into personal and commercial. By distribution channel category, the market is segmented into online and offline.
Based On The Toy Type, The Car Die-Cast Toys Market Segment Accounts For A Major Contributor To The Die-Cast Toys Market.
The cars in the die-cast toys market are expected to hold a major global market share in 2023 because die-cast cars have always been popular with collectors and fans. The market is growing because iconic and detailed models, such as sports, classic, and franchise-themed vehicles, appeal to a wide audience. Additionally, collaborating with popular automotive brands and film franchises also helps to boost demand. Moreover, manufacturing technology has made die-cast cars more realistic and detailed, which attracts collectors of all ages and is a further factor driving the market’s expansion.
Metal Segment To Witnessed Growth At A Rapid Rate
The metal segment is expanding rapidly in the die-cast toys market because it lasts a long time and makes realistic models with a lot of detail. Collectors and fans who prioritize authenticity and craftsmanship gravitate toward metal die-cast toys, particularly vehicles and automobiles. In addition, compared to their plastic counterparts, metal models are more appealing due to their weight and tactile feel. Innovations in production methods have also lowered prices, which has increased output and stimulated demand.
In The Region, The North American Die-Cast Toy Market Holds A Significant Revenue Share.
The North American die-cast toys market is expected to note the highest market share in revenue in the near future. It can be attributed to the large number of collectors, high levels of discretionary spending, extensive retail networks, and well-liked franchise agreements, which increase the visibility of the products and encourage customer interaction. In addition, Asia Pacific is likely to grow rapidly in the global die-cast toys market because of a number of factors, including expanding e-commerce platforms, rising interest in collectables and branded products among young consumers, rising disposable incomes, and a larger middle class.
Die-cast Toys Market Report Scope
|
Report Attribute |
Specifications |
|
Market Size Value In 2023 |
USD 1.78 Bn |
|
Revenue Forecast In 2031 |
USD 2.50 Bn |
|
Growth Rate CAGR |
CAGR of 4.44% from 2024 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
By Toy Type, Scale, Material, Power Source, Control Method, End-Use, And Distribution Channel |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
|
Competitive Landscape |
Simba Dickie Group, Amalgam Collection, LEGO System A/S, BBR Exclusive Car Models, BBURAGO, EXOTO, JAKKS Pacific, Inc., MATTEL, REVELL, Spin Master, and Welly Die Casting Factory Limited. |
|
Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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