A toy is something for a child to play with. A toy car, 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. Automobile toy vehicle means any motorized or propellant-driven device that has no manufacturer-issued vehicle identification number that is designed or used to carry any person or persons, on any number of wheels, bearings, glides, blades, runners, or a cushion of air.
MARKET SCOPE
The "Global Automobile Toys Market Analysis to 2028" is a specialized and in-depth study of the consumer goods industry with a special focus on the global market trend analysis. The report aims to provide an overview of the automobile toys market with detailed market segmentation by type, distribution channel, and geography. The report provides key statistics on the market status of the leading automobile toys market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global automobile toys market is segmented into handheld toys and motorized toys.
- Based on distribution channel, the global automobile toys market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others.
MARKET DYNAMICS
Drivers:
- Growing living standards and increased urbanization.
- Increasing disposable income and more children moving towards automible toys.
Restraints:
- Relatively higher price of the automobile toys.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The automobile toys market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the automobile toys market in these regions.
IMPACT OF COVID-19 ON AUTOMOBILE TOYS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The consumer goods industry is one of the major industries suffering serious disruptions, such as supply chain breaks, technology events cancellations, and office shutdowns, because of this pandemic. The shutdown of various plants and factories in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East & Africa has affected the global supply chain and negatively impacted the manufacturing, delivery schedules, and sales of various goods. Furthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products.
MARKET PLAYERS
The report covers key developments in the automobile toys market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from automobile toys market are anticipated to lucrative growth opportunities in the future with the rising demand for automobile toys in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the automobile toys market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Mattel, Inc.
- Hasbro Inc.
- Lego Group
- Takara Tomy Co. Ltd
- Bandai Namco Holdings Inc.
- Simba-Dickie Group
- Spin Master Ltd
- AOSHIMA BUNKA KYOZAI Co. Ltd
- Moose Enterprise Holdings Pvt Ltd
- Tru Kids Inc.