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Model Kits for Hobbyists Market to Grow by USD 219 Million from 2024-2028, Driven by Rising Disposable Income and AI’s Impact on Market Trends – Technavio

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NEW YORK , Nov. 6, 2024 /PRNewswire/ — Report on how AI is redefining market landscape – The global model kits for hobbyists market size is estimated to grow by USD 219 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 3.65% during the forecast period. Growing disposable income of middle-class population is driving market growth, with a trend towards growing application of 3d printing. However, seasonal demand and short life of merchandise and collectibles poses a challenge.Key market players include ABER, Academy Plastic Model Co. Ltd., Accurate Armour Ltd, Aoshima Bunka Kyozai Co. Ltd., Arma Hobby S.C., Dragon Models Ltd., Hasegawa Corp., Heller Hobby GmbH, Hong Kong Models Co. Ltd, Hornby Hobbies Ltd., Italeri SpA, Moebius Models, Motormax Toy Factory Ltd., Ningbo Weijun Culture Development Co. Ltd. , Revell GmbH, Round2 Corp. LLC, Tamiya Inc., TM MINIART MODELS, Waltersons Industries Group Ltd., and Yatai Electric Appliances Co. Ltd..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF

Model Kits For Hobbyists Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 3.65%

Market growth 2024-2028

USD 219 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

3.38

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 36%

Key countries

US, UK, Germany, China, and Japan

Key companies profiled

ABER, Academy Plastic Model Co. Ltd., Accurate Armour Ltd, Aoshima Bunka Kyozai Co. Ltd., Arma Hobby S.C., Dragon Models Ltd., Hasegawa Corp., Heller Hobby GmbH, Hong Kong Models Co. Ltd, Hornby Hobbies Ltd., Italeri SpA, Moebius Models, Motormax Toy Factory Ltd., Ningbo Weijun Culture Development Co. Ltd. , Revell GmbH, Round2 Corp. LLC, Tamiya Inc., TM MINIART MODELS, Waltersons Industries Group Ltd., and Yatai Electric Appliances Co. Ltd.

Market Driver

The 3D printing trend in the model kits for hobbyists market presents both opportunities and challenges. While this technology may increase demand for collectible and model kits, it also raises concerns regarding copyright and trademark infringements. As 3D printers become more affordable, licensors are taking steps to protect their intellectual property. Some, like Sesame Workshop, are granting licenses to 3D printing companies, allowing them to produce licensed merchandise. This not only distinguishes these products from unlicensed items but also generates revenue for the licensors. Companies such as Stratasys, MakerBot, and 3D Systems have secured licenses, enabling them to print Sesame Street merchandise, among others. These innovations are expected to create new growth opportunities for vendors in the global model kits for hobbyists market. 

The hobbyists market, fueled by the growing middle-class population and increased access to TV, internet, and online sales, is experiencing a demand for model kits. Trends include 3D printing, licensed merchandise from movies and TV franchises, and nostalgic replicas of vehicles, aircraft, and character models. E-commerce platforms and digital design tools enable home-based activities, while eco-consciousness influences sustainable packaging and limited editions. Consumer behavior favors customization and strategic engagement through online communities. Tamiya Models leads the industry with plastic and scale models, offering static display options for military vehicles, civilian vehicles, tanks, ships, and character models. Consumers seek educational value, craftsmanship, and the thrill of building their own collector items. Online and offline stores cater to diverse preferences, with opportunities for customization and community building. Environmental sustainability is a growing concern, driving the adoption of eco-friendly materials and practices.

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Market Challenges

Efficient merchandise management is crucial for retailers in the model kits for hobbyists market due to the sector’s fragmented nature and the extreme sensitivity of consumer demands. Retailers must forecast demand accurately to procure merchandise effectively. Model kit manufacturers frequently expand or discontinue product lines, making sourcing goods challenging. The popularity of TV and movie merchandise is transient, with most sales occurring around their release. Retailers prefer evergreen merchandise to minimize dead stock accumulation. TV merchandise sales are typically post-aired, and retailers often pre-stock movie merchandise, risking dead stock if the movie underperforms. These factors may hinder the growth of the global model kits for hobbyists market.The Model Kits For Hobbyists market encompasses various segments, including Craft, E-commerce, Digital design, Home-based activities, Eco-consciousness, and Consumer behavior. Challenges in this industry include limited editions and collector items, sustainable packaging, and online platforms. Brands like Tamiya, Plastic Model, Scale Model, and Kit producers cater to diverse consumer bases with static display models of Aircraft, Cars, Tanks, Ships, Character models, and more. Customization, consumer engagement, and environmental sustainability are strategic priorities. High-cost, technological insights, and collaborations with Military Command, Film Making, Architecture, and Science Fiction brands drive demand. Offline stores coexist with online sales channels, and salesmanship remains crucial. Round 2, Snap-together models, and Military vehicles, Civilian vehicles cater to various consumer preferences. Craft stores and service launches contribute to market growth.

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Segment Overview

This model kits for hobbyists market report extensively covers market segmentation by

Type1.1 Automobiles1.2 Military vehicles1.3 Aircraft1.4 Ships1.5 OthersEnd-user2.1 Beginner2.2 ProfessionalGeography3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Automobiles- The model kits for hobbyists market is primarily driven by the popularity of automobile-related models. Iconic vehicles like the Ford Mustang and Porsche 911 remain top choices for enthusiasts. Modern hypercars, such as the Bugatti Chiron, have also gained significant attention. Intricate modification kits enable hobbyists to customize their models with unique paint jobs, decals, and aftermarket parts. Technological advancements enhance the level of detail and realism in these kits, providing a more engaging experience. Traditional plastic models continue to dominate, but niche areas like remote-controlled model cars and metal DIY kits are emerging to cater to diverse automobile hobbyist preferences. These factors are projected to fuel the expansion of the global model kits for hobbyists market.

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Research Analysis

The hobbyists market, fueled by the growing middle-class population and increased access to media like TV and the internet, has seen a demand for model kits. Online sales have become a significant revenue stream, with e-commerce platforms and digital design tools enabling hobbyists to create and purchase models from anywhere. The trend towards 3D printing and licensed merchandise, particularly for movie and TV franchise tie-ins, has also boosted sales. Replicas of vehicles, aircraft, military equipment, and ships are popular choices, appealing to both nostalgia and educational value. Craft activities have gained traction as home-based hobbies, while eco-consciousness influences consumer behavior, leading to sustainable packaging and limited editions. Online platforms and community building have further enhanced the hobbyists’ experience, making it a thriving industry for collectors and enthusiasts alike.

Market Research Overview

The hobbyists market for model kits is experiencing a resurgence, fueled by the growing middle-class population with access to TV and the internet. Online sales are on the rise, with e-commerce platforms and digital design tools enabling home-based activities. 3D printing technology adds a new dimension to model making, while licensed merchandise, movie, and TV franchise tie-ins cater to nostalgia and consumer demand. Replicas of vehicles, aircraft, ships, and character models are popular, offering educational value and customization opportunities. Eco-consciousness is influencing consumer behavior, with sustainable packaging and limited editions becoming essential. Strategic engagements, collaborations, and community building are key to growing the consumer base. Tamiya Models and other brands offer a wide range of plastic and scale models for static display, including military vehicles, civilian vehicles, snap-together kits, and architectural models. The market also includes models for filmmaking, military command, and even science fiction. Despite the high cost, the hobby continues to attract enthusiasts through technological insights and the satisfaction of creating intricate replicas.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeAutomobilesMilitary VehiclesAircraftShipsOthersEnd-userBeginnerProfessionalGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Technology

Edsol Communications Celebrates 14 Years of Service Excellence

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Company has thrived by placing “People First, Then Technology” at the heart of its operations

FREDERICK, Md., Nov. 6, 2024 /PRNewswire-PRWeb/ — Edsol Communications, a premier IT solutions provider, is proud to mark 14 years of delivering top-tier technical support and services to small businesses, non-profits, educational institutions and government agencies. The company has thrived by placing “People First, Then Technology” at the heart of its operations. Since its conception, Edsol Communications’ impeccable work ethics and customer-focused culture have earned them a loyal client base. Their clients know they can rely on Edsol to provide dependable support whenever needed. The company’s dedication to customer service is evident in its availability and quick response to client needs, and its flexibility and commitment go above and beyond industry norms, making it a trusted partner to their clients.

“We’re very thankful for our clients, partners, and team members for their support and trust”, said Oscar Herrera, President & CEO of Edsol. “We know how important technology is for small businesses and organizations, and how our clients trust us and rely on us for running their organizations…”

Founded in 2010 by Oscar Herrera, Edsol has grown to serve its clients in the DMV area each year, including embassies, non-profits, educational institutions, government agencies, and commercial clients from a wide range of industries. Operating from its office in downtown Frederick, Edsol specializes in IT Managed Services, Help Desk Support, Network Administration, Cabling Infrastructure, Network Assessments, VoIP and Cloud Solutions, and Cybersecurity, offering services to ensure optimal performance for their clients’ systems. Unlike companies that branch out into unrelated fields, Edsol stays true to its core mission—delivering the best in IT support. By specializing exclusively in IT services, they remain at the forefront of industry trends, ensuring their clients receive top-quality support. As a small business, Edsol avoids the overhead costs that burden larger IT companies, passing those savings onto their clients while still delivering superior service.

“We are very thankful for our clients, partners, and team members for all their support and trust”, said Oscar Herrera, President and CEO of Edsol. “We know how important technology is for small businesses and organizations, and how our clients trust us and rely on us for running their organizations. We don’t take that lightly”.

As an SBA-certified 8(a), HUBZone small business and Minority Business Enterprise (MBE), Edsol Communications is dedicated to excellence and inclusion, contributing to economic growth in underutilized business zones. Their GSA 8(a) STARS III and Multiple Award Schedule (MAS) contract vehicles demonstrate their capability to deliver IT solutions that meet the rigorous demands of government and commercial clients alike.

For more information on Edsol Communications’ services, visit edsolcom.com or contact them directly at 301-802-9295.

Media Contact

Patricia Mir, Edsol Communications, LLC, 240-560-5990, patricia.mir@edsolcom.com, edsolcom.com

View original content to download multimedia:https://www.prweb.com/releases/edsol-communications-celebrates-14-years-of-service-excellence-302297718.html

SOURCE Edsol Communications, LLC

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OHRC and LCO release new tool to help organizations assess AI technologies to ensure they uphold human rights

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TORONTO, Nov. 6, 2024 /CNW/ – Today, the Ontario Human Rights Commission (OHRC) and the Law Commission of Ontario (LCO) launched the Human Rights Impact Assessment for AI Technologies (“HRIA” or “the tool”), a tool to help assess and mitigate human rights impacts of AI systems in a broad range of applications.

“AI offers many benefits, but also has well-documented risks. The AI impact assessment released today is a practical, step-by-step tool that will help organizations identify and manage AI risks to human rights.  The LCO and OHRC have worked together to develop the first human rights impact assessment based on Canadian human rights law,” said Raj Anand, Chair of the Law Commission of Ontario Board of Governors.      

“While we are eager to harness the opportunities and benefits presented by the potential of AI, its use by public sector entities around the world has resulted in serious harms to individuals and communities. Thus, it is imperative that human rights protections be built into the foundation of any governing framework or regulation,” said Patricia DeGuire, Chief Commissioner, Ontario Human Rights Commission. “We are proud to have worked with the Law Commission of Ontario to create this tool that will help guide organizations in ensuring that their use of AI aligns with their human rights obligations.”

The HRIA is a step-by-step guide with examples and explanations, created for AI designers, developers, operators, and owners to identify, assess, minimize, or prevent discrimination and uphold human rights obligations throughout the lifecycle of an AI system.

The HRIA aims to:

Strengthen knowledge and understanding of human rights impacts;Provide practical guidance on human rights impacts, particularly in relation to non-discrimination and equality of treatment; andIdentify practical mitigation strategies and remedies to address bias and discrimination from AI systems.

The OHRC and the LCO call on the Ontario government, employers, and all other duty-holders to use the HRIA to ensure that the opportunities, benefits, and protections associated with the use of AI are available to all Ontarians without discrimination.

Quick Facts

The HRIA is based on internationally established guardrails on AI, which recognize the importance of human rights due diligence in use of these technologies.The Canadian Human Rights Commission (CHRC) also contributed to the development of the HRIA.The HRIA has two parts: Part A is an assessment of the AI system for human rights implications. In this section, organizations are asked questions about the purpose of the AI, the significance of the AI system, and the treatment of individual Canadians and communities. Part B is about mitigation. Once the AI system has been categorized, Part B provides a series of questions to assist organizations to minimize identified human rights issues in the given AI system. The HRIA does not constitute legal advice and does not provide a definitive legal answer regarding any adverse human rights impacts, including violations of federal or provincial human rights law or other relevant legislation.

SOURCE Ontario Human Rights Commission

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[Dynamax Pokémon] Best Pokémon GO Spoofer 2024 for iOS without Computer

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NEW YORK, Nov. 6, 2024 /PRNewswire/ — Tenorshare has released version 2.10.2 of its iAnyGo iOS App, offering one-click access to Dynamax and Gigantamax Pokémon, enhancing the Pokémon GO experience. Optimized for iOS 18, the update enables users to quickly find shiny Gigantamax Pokémon, and join Max Battles. With Pokémon GO Spoofer iAnyGo, users can easily navigate the game world, copy GPS coordinates, and team up with friends to challenge Dynamax Pokémon, offering an enriched experience for all trainers.

“With iAnyGo iOS App version 2.10.2, users can now easily locate Dynamax and Gigantamax Pokémon with a single click and quickly share their locations using longitude and latitude coordinates. Trainers can quickly join forces for Max Battles, making it easier to catch gargantuan Pokémon and earn Max Particles to boost their skills for future challenges. These updates enhance gameplay, helping users find shiny Gigantamax Pokémon they might not see locally,” said Tenorshare’s CEO when discussing the new features.

How to Install the iAnyGo iOS App

For new users, the iAnyGo installation process is simple. Here’s a quick overview of the steps:

Go to the official website to download and install the iAnyGo iOS Assistant on your computer.Sign in using Apple ID and click “Install iAnyGo iOS App” button. You can extend its validity every seven days by signing in with your Apple ID on iAnyGo App—no computer is needed after the initial setup.

How to Get Dynamax and Gigantamax Pokémon on new Max Battles

The iAnyGo iOS App enhances your Pokémon experience by allowing you to explore any location virtually. Follow these steps to find and battle Dynamax and Gigantamax Pokémon in the new Max Battles in Pokémon GO.

Open the iAnyGo iOS App and tap the fifth button “D-Max” on the right to view Dynamax and Gigantamax Pokémon. You can view these gargantuan Pokémon by zooming in or out on the screen.Tap the “Go” button, and you can go over to catch Dynamax and Gigantamax Pokémon. You can also click the “copy” button to copy longitude and latitude coordinates and share them with your friends.

Additionally, with its features like Change Location, PokeStop Mode, and Single-Spot Movement, users can spoof Pokémon GO on iPhone without physically moving. iAnyGo iOS App is a reliable Pokémon GO Spoofer for iOS 18.

Pricing for iAnyGo iOS App

The iAnyGo iOS App is available in multiple packages designed to fit users’ needs:
1 Month/1 Device: $14.99
1 Quarter/1 Device: $39.99
1 Year/1 Device: $79.99
Lifetime/1 Device: $99.99

For more details on purchasing, please visit iAnyGo iOS App Pricing.

About Tenorshare

Tenorshare specializes in iOS, Android, Windows, and Mac platforms, focusing on core technology research. It is a leading software provider with millions of users that use its tools related to data transfer, data recovery, system repair, unlocking phones, and many more.

More information: https://www.tenorshare.com/

Facebook: https://www.facebook.com/TenorshareOfficial/

Twitter: https://twitter.com/Tenorshare_Inc

YouTube: https://www.youtube.com/user/TenorshareOfficial/videos

TikTok: https://www.tiktok.com/@tenorshare_tech_tips

This release was issued through Send2Press® on behalf of the news source. For more information, visit Send2Press Newswire at https://www.send2press.com/.

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SOURCE Tenorshare Co. Ltd.

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