The rise in demand for vintage replicas, the popularity of diecast automotive models among collectors and car dealers, the emergence of e-commerce platforms for the sale of diecast models, and advancements in production methods are some of the factors propelling the growth of the 1:18 Scale Diecast Automotive Market. Additionally, the emergence of cutting-edge technologies like 3D printing and the availability of custom models are fostering the expansion of this sector. Axalta Coating Systems unveiled a new aqueous basecoat system in June 2020. This technology enables automotive refinish customers to benefit from increased production, reduced costs, and quicker color matching in the collision repair sector.
Because of its affordable, high-quality models, 1:18 scale diecast automotive has been gaining popularity among collectors and automobile dealers. Additionally, the advancement of technology like 3D printing has made it possible for producers to create specialized models with incredible accuracy and detail. The market also finds diecast automobile solutions to be intriguing due to the wide variety and model customization options that are offered. Additionally, the desire for 1:18 scale diecast automobiles is being fueled by the rising popularity of electric and hybrid vehicles.
1:18 Scale Diecast Automotive is the term used to describe 1:18 scale diecast car models. High-pressure injection molding is used to create these sculptures, which are then cooled using water. A extremely realistic, intricate, and detailed reproduction that can be utilized as a collectible or as marketing collateral for auto dealers can be produced by manufacturers using this method. Depending on the measurement of the model, diecast models come in a variety of sizes, including 1:18, 1:43, and 1:64. Manufacturers also provide a range of amenities, such as functional headlights and taillights, opening doors and hoods, and intricate interior and exterior paint schemes.
The market for 1:18 scale diecast automobiles is anticipated to expand from USD 1.68 billion in 2021 to USD 2.43 billion in 2031, at a CAGR of 4.2%. (2021-2031). The market's expansion is mostly owing to advancements in production methods, rising demand for vintage replicas, and expanding popularity of diecast automobile models among collectors and car dealers.
The 1:18 Scale Diecast Automotive Market is confronted with several difficulties, such as exorbitant costs for uncommon diecast cars with cutting-edge features, fake goods on the market, and a dearth of parts and accessories. The lack of customization possibilities provided by manufacturers is another factor limiting industry expansion. In addition, the introduction of substitute forms of entertainment like e-sports is probably going to restrain market expansion. However, it is anticipated that rising industry participants' spending on R&D will open up new market prospects. A new demand for diecast cars and parts, such as batteries and chargers, is also likely to be generated by the growing popularity of electric vehicles.
Maisto International Inc. (US), Bburago S.p.A (Italy), AUTOart (US), New-Ray Toys, Inc. (US), Welly Diecast Manufacturing Co., Ltd. (China), Hot Wheels (US), Tomica Limited (Japan), Motor Max Collectibles (US), ZC GELBERG Handelsgesellschaft mbH & Co KG (Germany), and Cararama are the leading companies in the 1:18 Scale Diecast (Hong Kong). The 1:18 Scale Diecast Automotive Market is examined in-depth in this study along with regional markets, prominent manufacturers and product categories, application segments, and end-user companies’ study research of the market.
The Plastic Model Segment emerged as the Most Lucrative Type
In 2020, the plastic model market held the greatest share; it is projected that it will continue to hold the top spot during the forecast period. This increase can be explained by the fact that plastic car models are less expensive than metal models and can be molded into practically any desired design or shape. Furthermore, producers are now able to create high-quality plastic models with incredible accuracy and detail thanks to developing production processes like 3D printing.
The Most Prominent Application is the Collection Segment
The 1:18 Scale Diecast Automotive market's primary application area is the collection segment. The main causes of this include the increased demand for vintage reproductions from automobile dealers as well as the rising number of collectors who purchase diecast automotive models for their collections. This segment is expanding due to the availability of customized models as well as improved production techniques.
The North American Region to render Ample Financing Opportunities
Based on region, the market for 1:18 scale diecast automobiles is divided into North America, South America, Europe, Asia Pacific, and the Middle East & Africa. Due to the existence of significant competitors and the rising popularity of diecast vehicles among car aficionados, North America is anticipated to have the largest market.
COVID-19 Impact and Market Status
The market for 1:18 scale diecast automobiles has experienced a large fall as a result of the COVID-19 outbreak. Diecast vehicle model production is heavily reliant on global supply lines, which have been hampered by the pandemic. This has caused the demand for the goods to drop significantly, which has reduced sales revenue. Additionally, the worldwide curfew and limitations on indivhurta hurt the sales of diecast car models. Over the course of the projection period, the market is anticipated to experience a modest rebound as manufacturing resumes and consumption gradually rises. Furthermore, the market for 1:18 scale diecast cars is anticipated to grow over time due to the rising popularity of electric vehicles.
Recent Developments in the 1:18 Scale Diecast Automotive Market
• A new line of 1:18 scale diecast automotive models, comprising well-known vehicles like the Porsche 911, Volkswagen Golf GTI, and Mercedes-Benz SLS AMG, was introduced by Siku in January 2020.
• Hot Wheels debuted a new line of 1:18 scale diecast automobiles in February 2020 that feature vintage Chevrolet, Ford, and Dodge designs.
• International automakers like Ferrari, BMW, and Lamborghini are represented in a new series of 1:18 scale diecast automotive models from Greenlight Collectibles that debuted in May 2020.
• Hot Wheels debuted their 1:18 size diecast cars in January of 2021. The Ford Mustang was the first automobile.
• Mattel debuted its 1:18 size diecast automobiles in March of 2021. The Barbie Dreamhouse was the first automobile.
• Kyosho debuted their 1:18 size diecast vehicles in May 2022. The Suzuki Swift was the first automobile. A Suzuki Swift diecast car in 1:24 scale was also made available by Kyosho.
1:18 Scale Diecast Automotive Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2031||USD 2.43 billion|
|Growth Rate||CAGR of 4.2% during 2022-2031|
|Segment Covered||by Type, By Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||Maisto International Inc. (US), Bburago S.p.A (Italy), AUTOart (US), New-Ray Toys, Inc. (US), Welly Diecast Manufacturing Co., Ltd. (China), Hot Wheels (US), Tomica Limited (Japan), Motor Max Collectibles (US), ZC GELBERG Handelsgesellschaft mbH & Co KG (Germany),|
Key Segments of the Global 1:18 Scale Diecast Automotive Market
By Type Overview, 2021-2031 (USD Billion)
- Plastic Model
- Metal Model
By Application Overview, 2021-2031 (USD Billion)
- Car Dealer
By Regional Overview, 2021-2031 (USD Billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and Africa