The global model train market is expected to grow from USD 1.81 billion in 2018 to USD 2.14 billion by 2028, at a CAGR of 3.1% during the forecast period. The factors such as rising demand for toy trains and growing number of collectors are fueling the growth of this market globally.
The global model train market is segmented on the basis of type, application and region. The types include DC Current Two Rails, AC Current Three Rails, which are further sub-segmented into others such as Digital Command Control (DCC), Computerized Train Management System (CTMS) and Radio Controlled Systems. There are different applications for model trains based on their end use; these applications range from Cids Toys to Collection Industry to Business Research. Amongst all regions covered in this report North America dominates the market with a share more than 50%. Europe comes at second position followed by Asia Pacific & Middle East & Africa respectively.
In 2018, DC current two rails dominated the global market accounting for almost 51% of total market share globally. The type of current used in model trains is a key driver for determining the feasibility of these models and their popularity among children as well as adults. Asia Pacific & Middle East & Africa accounted for about 39% share followed by Europe with 11%. North America holds the largest market share globally accounting more than 50%, while Latin America accounts less than 0.01%. Model train revenue has been increasing steadily due to increase in disposable income levels coupled with high demand from emerging markets such as China and India.
It has been observed that model trains are usually hand-made but in recent years, some companies have started making them with a computerized design. This is why the size of global market for these models varies from one manufacturer to another and as such it can be difficult to identify which company dominates this segment globally. The main reason behind this variation is due to the fact that there are different types of rails used by manufacturers while designing their models (e.g., DC current two rail, AC current three rail).
Report Attributes | Report Details |
Report Title | Model Train Market Research Report |
By Type | DC Current Two Rails, AC Current Three Rails |
By Application | Cids Toys, Collection, Business Research |
By Companies | Maerklin, Walkera, Emperor, Aite, Aviation, Model Blackhawk, Thunder Tiger, Disney, Vantex, Bburago, CMC, Exoto |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 223 |
Number of Tables & Figures | 157 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type DC Current Two Rails, AC Current Three Rails and By Application Cids Toys, Collection, Business Research.
Some of the companies that are profiled in this report are:
Model Train Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Model Train Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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