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Model Kits for Hobbyists Market to grow by USD 219 Million from 2024-2028, driven by increasing middle-class disposable income, Report on how AI is driving market transformation – Technavio

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NEW YORK, Jan. 30, 2025 /PRNewswire/ — Report with the AI impact on market trends – 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..

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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 hobbyists market for model kits is experiencing significant growth, driven by increased access to TV and the internet among the middle-class population. Online sales are on the rise, with trends like 3D printing, licensed merchandise from movies and TV franchises, and eco-consciousness shaping consumer behavior. Replicas of vehicles, aircraft, and ships are popular choices, appealing to both nostalgia and the educational value of craft. E-commerce platforms and digital design tools enable home-based activities. Limited editions and collector items are in high demand, with sustainable packaging a priority. Strategic engagements, such as collaborations with brands like Tamiya, Round 2, and Military Command, boost sales. Model kits for cars, planes, tanks, ships, characters, and even architecture are available as snap-together kits or scale models for static display. The consumer base includes children, hobbyists, and those seeking technological insights. Hobby model building offers a unique blend of service launches, customization, community building, and salesmanship. High-cost, high-quality models cater to collectors, while the demand for science fiction and military vehicles remains strong. Craft stores continue to be a mainstay, but online platforms are increasingly important. 

The 3D printing trend is revolutionizing the collectible and model kit market, presenting both opportunities and challenges. Affordability of 3D printers is increasing, potentially leading to an expansion of the market. However, this development may result in copyright and trademark infringements. In response, licensors are granting licenses to 3D printing companies, allowing access to specific assets and distinguishing their merchandise. Notable 3D printer suppliers like Stratasys, MakerBot, and 3D Systems have secured such licenses for royalties. This approach enables licensors to protect their intellectual property and monetize do-it-yourself merchandise. 

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Market Challenges

The hobbyists market for model kits is experiencing significant growth, driven by the expanding middle-class population with increased access to TV and the internet. Online sales are surging, with trends like 3D printing, licensed merchandise from movies and TV franchises, and eco-consciousness shaping consumer behavior. Hobbyists seek replicas of vehicles, aircraft, and ships, fueled by nostalgia and the educational value of craft. E-commerce and digital design enable home-based activities, while customization and community building are key engagement strategies. Brands like Tamiya, Plastic Model, and Scale Model offer a range of static display kits, from military vehicles to civilian cars, tanks, ships, character models, and even architecture. Limited editions and collector items demand high costs, making sustainable packaging essential. Strategic collaborations with filmmaking, military command, and science fiction brands boost sales. Consumers value customization, service launches, and offline stores. The market includes Snap-together models, craft stores, and online platforms. Consumer base engagement through environmental sustainability initiatives is crucial. Brands like Tamiya, Round 2, and Military Command cater to various niches, including architectural models and filmmaking. Salesmanship and strategic engagement are crucial for success. Model kits cater to children’s demand and offer technological insights.Effective merchandise management is crucial for retailers in the model kits for hobbyists market. Due to the volatile nature of consumer demand, retailers must accurately forecast demand and procure merchandise accordingly. Model kit manufacturers frequently introduce new product categories or discontinue existing ones based on shifting consumer preferences. The sector’s fragmented vendor landscape further complicates the sourcing process. Additionally, the popularity of TV shows and movies, which drives a significant portion of sales, is often short-lived. Retailers must act swiftly to capitalize on the novelty of new releases and collaborate with manufacturers and licensors to secure desirable merchandise.

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Segment Overview 

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

Type 1.1 Automobiles1.2 Military vehicles1.3 Aircraft1.4 Ships1.5 OthersEnd-user 2.1 Beginner2.2 ProfessionalGeography 3.1 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. Enthusiasts continue to show a strong interest in recreating iconic vehicles, such as the Ford Mustang and classic European sports cars like the Porsche 911. Modern hyper cars, like the Bugatti Chiron, have also gained significant traction. Intricate modification kits are on the rise, enabling hobbyists to personalize their models with unique paint jobs, decals, and aftermarket parts. Technological advancements have led to more detailed and realistic kits, enhancing the overall hobbyist experience. Traditional plastic models remain prevalent, but specialized areas, such as remote-controlled model cars and metal DIY kits, are expanding to cater to diverse automobile hobbyist needs. These factors are anticipated to fuel the expansion of the global model kits for hobbyists market throughout the forecast period.

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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 in demand for model kits. Online sales have become increasingly popular, with e-commerce platforms and digital design tools enabling hobbyists to create and purchase models from the comfort of their homes. 3D printing technology has also revolutionized the industry, allowing for more intricate and customizable models. Movie and TV franchise tie-ins, licensed merchandise, and nostalgia are major drivers of sales in this market. Replicas of vehicles, aircraft, military equipment, and ships are popular choices, catering to a wide range of interests and hobbies. The educational value of model building is another significant factor, making it a home-based activity that fosters creativity and skill development. Eco-consciousness is a growing trend in the hobbyists market, with an increasing demand for sustainable packaging and limited-edition, collector items. Online platforms and community building have also become essential components of the industry, allowing hobbyists to connect and share their creations with others.

Market Research Overview

The hobbyists market for model kits is experiencing significant growth, fueled by the expanding middle-class population with increased access to TV and the internet. Online sales are surging, with 3D printing and digital design enabling customization and home-based activities. Licensed merchandise from movies and TV franchises is driving demand, particularly for replicas of vehicles, aircraft, and character models. Nostalgia plays a role, with collectors seeking limited editions and sustainable packaging for their prized items. Eco-consciousness and consumer behavior trends favor online platforms and community building. Model kits come in various forms, including plastic and snap-together models for static display, and cater to diverse interests such as military vehicles, civilian vehicles, architecture, and even filmmaking. Salesmanship and strategic engagement are key for brands like Tamiya Models, Plastic Model, Scale Model, and Kit, as they cater to a wide consumer base. Collaborations with military commands, Round 2, and other entities add value. High-cost, high-tech models cater to hobbyists, while eco-friendly materials and sustainable practices appeal to the environmentally conscious. Science fiction and nostalgia continue to inspire new releases, with demand from children and adult collectors alike.

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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CorroHealth India Again Achieves Great Place To Work Certification

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Second Time in Two Years Company Earns Place as One of India’s Top Healthcare Companies

PLANO, Texas, Feb. 24, 2025 /PRNewswire/ — For the second time in two years, global healthcare technology company CorroHealth has been named a Great Place To Work® Certified™ in India.

“This is another significant milestone in the history of CorroHealth. Being named a Great Place To Work Certified even once is an honor. Earning the accolade twice is extraordinary, and a testament to our passionate and dedicated staff. They diligently fulfill our mission to strengthen the healthcare industry by providing our clients with technology-led solutions that improve hospitals’ financial health,” said CorroHealth CEO Pat Leonard.

CorroHealth Chief People Officer Becky Blake said, “Congratulations to the entire team at CorroHealth India. Ultimately, it’s the people that make CorroHealth a Great Place To Work, and I am extremely proud of the culture we’ve built. We have worked hard to create an environment where everyone feels welcome, while also delivering smarter outcomes for our customers every day. Achieving this honor two times in two year is something the entire team can be very proud of.”

Explore CorroHealth career opportunities at corrohealth.com/careers.

About Great Place To Work
Great Place To Work® is the global authority on workplace culture. Our mission is to help every place become a great place to work for all. We give leaders and organizations the recognition and tools to create a consistently and overwhelmingly positive employee experience, fostering cultures that are proven to drive business, improve lives, and better society. Our recognition is the most coveted and respected worldwide for elevating employer brands to attract the right people. Our proprietary methodology and platform enable organizations to truly capture, analyze, and understand the experience of all employees. Our groundbreaking research empowers organizations to build cultures that retain talent and unlock the potential of every employee. Our coaches, content, and community connect the boldest leaders, ideas, and innovations in employee experience. Since 1992, our Certification™, Best Workplaces™ Lists, and global benchmarks have become the industry standard, built on data from more than 100 million employees in 150 countries around the world.

About CorroHealth
CorroHealth is a leading provider of clinically led healthcare analytics and technology-driven solutions, dedicated to positively impacting the financial performance for physicians, hospitals, and health plans. With over 17,000 employees worldwide, CorroHealth offers integrated solutions, proven expertise, intelligent technology, and scalability to address needs across the entire revenue cycle. Our global presence extends over 10 locations, including the United States, India, and the United Kingdom. Further information is available at www.corrohealth.com.

Media Contact:
Mellissa Gardner, Senior Vice President of Marketing
mellissa.gardner@corrohealth.com

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Delta Launches its New Collaborative Robots for the Indian Smart Manufacturing Market at ELECRAMA 2025

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The showcase also includes a new 240kW DC fast EV charger designed to foster e-mobility for India’s sustainable cities

TAIPEI, Feb. 23, 2025 /PRNewswire/ — Delta, a global leader in power management and a provider of IoT-based smart green solutions, announced today its participation in ELECRAMA 2025 under the theme of Smart Manufacturing by launching its new D-Bot series Collaborative Robots (Cobots) in the Indian market. These 6-axis cobots boast payload capacities up to 30 kg, and speeds as fast as 200 degrees per second, thus, designed to empower industries with smarter, more efficient production processes, such as electronics assembly, packaging, materials handling, and even welding. At the event, Delta will also unveil its new 240kW DC Fast EV Charger and the Industrial Power-protect Transformer-based UPS – further strengthening its commitment to energy conservation and the development of sustainable cities across India.

Jimmy Yiin, Delta’s Executive Vice President of Global Business Operations, said, “India is a key market for Delta, and we are committed to driving its industrial and energy transformation with our advanced solutions. Delta’s strategic investment in the Krishnagiri facility underscores our dedication to local innovation, manufacturing excellence, and sustainability. Through this investment, we aim to strengthen India’s self-reliance in smart manufacturing and energy infrastructure while contributing to global industry standards.”

Benjamin Lin, President of Delta Electronics India, stated, “Delta is proud to showcase our innovative smart manufacturing solutions at ELECRAMA 2025. Our focus has always been on delivering solutions that advance industries to become more efficient, sustainable, and resilient. The new solutions we are introducing – from the D-Bot Cobots to the Ultron IPT Series UPS – are designed with these values in mind, and we are committed to driving the transition to smart and sustainable manufacturing across India and beyond.”

Across the Delta booth, visitors will engage on a journey with a live demonstration of intelligent infrastructure across Industrial Automation, EV Charging, Smart Building Automation Solutions, Data Centers, Smart Energy Infrastructure, ICT Infrastructure, and many more innovative solutions.

Newly-Launched Smart Green Solutions by Delta at ELECRAMA 2025 are:

D-Bot Series Collaborative Robots (Cobots) – are an integral part of Delta’s broad portfolio of Smart Manufacturing Solutions. Designed for smart factory automation and equipped with advanced safety mechanisms, these cobots detect contact and instantly reverse movement to prevent accidents, ensuring safe human-robot collaboration. With payload capacities ranging from 6 kg to 30 kg, 6-axis flexibility, speeds up to 200 degrees per second, D-bot provides precision, efficiency, and rapid deployment across industries in a broad range of applications that require smart manufacturing capabilities, including packaging, pick and place, electronics assembly, materials handling, welding, machine tending, and more. Moreover, these D-Bot series cobots integrate seamlessly with Delta’s VTScada SCADA system, DIATwin digital twin platform, machine vision systems, and more, to help customers upgrade the productivity, reliability, and efficiency of their factories.240kW DC Fast EV Charger – A high-speed dual-vehicle charging solution developed locally by Delta India’s own R&D and engineering talent. These advanced EV charger boasts 95% efficiency, OCPP compatibility, and wired/4G GSM connectivity, ensuring fast, seamless EV charging for commercial applications, fleet operators, and public charging networks.Industrial Power-protect Transformer-based UPS (IPT series) – It redefines power reliability with Zig-zag transformer, advanced PFC converter, and exceptional short-circuit protection. With IP43 optional enclosure protection, it ensures robust performance and optimizes frontend investment for harsh industrial environments.

Commitment to Sustainability
Delta remains dedicated to sustainability through high-efficiency energy solutions. Between 2010 and 2023, Delta’s products and solutions deployed worldwide saved customers an estimated 45.5 billion kWh of electricity, equivalent to reducing carbon emissions by nearly 23.84 million tons. Additionally, from 2006 to 2024, Delta has built 35 green buildings and 2 certified green data centers worldwide, reinforcing its commitment to energy conservation and sustainability.

Visit Delta at ELECRAMA 2025 India’s Most Influential Industrial Technology Exhibition
Experience live demonstrations and interact with Delta’s latest innovations at Booth #A3B4, Hall 16 until February 26. Discover how Delta is driving smart manufacturing with its advanced robotics, automation, and energy-saving solutions.

About Delta

Delta, founded in 1971, and listed on the Taiwan Stock Exchange (code:2308), is a global leader in switching power supplies and thermal management products with a thriving portfolio of IoT-based smart energy-saving systems and solutions in the fields of industrial automation, building automation, telecom power, data center infrastructure, EV charging, renewable energy, energy storage and display, to nurture the development of smart manufacturing and sustainable cities. As a world-class corporate citizen guided by its mission statement, “To provide innovative, clean and energy-efficient solutions for a better tomorrow,” Delta leverages its core competence in high-efficiency power electronics and its ESG-embedded business model to address key environmental issues, such as climate change. Delta serves customers through its sales offices, R&D centers and manufacturing facilities spread over close to 200 locations across 5 continents.

Throughout its history, Delta has received various global awards and recognition for its business achievements, innovative technologies and dedication to ESG. Since 2011, Delta has been listed on the Dow Jones Best-in-Class World Index (formerly the DJSI World Index of Dow Jones Sustainability™ Indices) for 14 consecutive years. Delta has also won CDP with double A List for 4 times for its substantial contribution to climate change and water security issues and has been named Supplier Engagement Leader for its continuous development of a sustainable value chain for 7 consecutive years.

For detailed information about Delta, please visit: www.deltaww.com

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SOURCE Delta Electronics, Inc.

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Cisco & Rockwell Automation Partner to Close Digital Skills Gap in Manufacturing

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The ‘Digital Skills for Industry’ program aims to bridge the digital skills gap in India’s manufacturing sector in areas such as cybersecurity, AI, and networking.The program combines national-level digital training curriculum for IT (Information Technology) and OT (Operational Technology), through globally recognized programs and certifications.Focused on building the workforce of the future, the program will help accelerate career growth, attract top talent, boost productivity and improve digital literacy.

BENGALURU, India, Feb. 24, 2025 /PRNewswire/ — Today, Cisco, the worldwide leader in networking and security, and Rockwell Automation signed a Memorandum of Understanding (MoU) to expand their strategic partnership and launch the ‘Digital Skills for Industry’ program. Addressing the growing skills gap in India’s manufacturing sector, the program aims to empower the next generation of workers with essential digital skills, combining IT and OT curriculums in the areas of cybersecurity, networking, IoT, data science, AI, programming and automation technologies. To meet the evolving demands of the industry, the program aims to improve digital literacy in industry, attract new talent, enhance workforce productivity, help accelerate career growth and bridge the global digital divide.

With a vision of exporting goods worth USD 1 trillion by 2030, India is well on its way to cementing itself as a major manufacturing hub. However, a shortage of skilled workers poses a significant barrier to progress. In fact, according to a Team Lease report, by FY 2027-28 while the electronics manufacturing industry is expected to generate 12 million jobs, yet a staggering skills gap of 10 million trained professionals persists. Bridging this skills gap is critical to ensure that India’s manufacturing industry remains globally competitive, efficient, and future-ready.

To address this gap, organizations are intensifying their investments in operational technology while prioritizing workforce upskilling. In July 2024, Cisco and Rockwell Automation signed an MOU pledging to close the digital skills gap in manufacturing across the Asia-Pacific region through social impact programs which include the Cisco Networking Academy (NetAcad). In India, NetAcad has already trained more than 2.2 million students through collaborations with educational institutions and industry partners. With courses in emerging technologies such as networking, programming, and cybersecurity, NetAcad is equipping the workforce with the skills needed to succeed in the jobs of the future.

“As we navigate the digital-first era, we’re witnessing a significant shift where industries without the right skilled talent risk falling behind. This transformation, driven by AI and emerging technologies, is especially critical for the manufacturing sector,” said Daisy Chittilapilly, President, Cisco India & SAARC “We are excited to partner with Rockwell Automation to build a future-ready, skilled workforce that can bring to life new possibilities of digital technologies, paving the way for a smarter and globally competitive manufacturing landscape.”

India’s manufacturing sector is poised to be a key engine of the nation’s economic transformation.  Amidst rapid technological advancements, the need for workforce upskilling and reskilling has never been more urgent. Rockwell Automation’s 9th annual State of Smart Manufacturing report identifies ‘change management’ as the top workforce challenge for 2024, highlighting the crucial role of human capital in the adoption of smart manufacturing technologies,” said Dilip Sawhney, Managing Director, Rockwell Automation India.

Recognizing the growing need for skilled workforce in automation technologies, Rockwell Automation offers solutions to helps both customers to upskill workers and academic institutions to train students in industry-relevant skills. These training solutions can be deployed with Rockwell Automation support through a blend of virtual or instructor-led courses to help enterprises mitigate workforce challenges and prepare for the future of smart manufacturing. These courses, spread across a variety of fundamental and product-specific automation technology topics, deliver a training solution that can be implemented directly on the plant floor, in classrooms, or through virtual sessions.

“While companies are committed to maintaining and even expanding their workforce in this era of automation, simply hiring isn’t enough. A strategic investment in robust upskilling and reskilling programs is essential. These programs must empower workers with the knowledge and skills necessary to leverage emerging technologies effectively.  By cultivating a dynamic talent ecosystem equipped for the future of manufacturing, we can realize India’s national vision: establishing the country as a global manufacturing powerhouse, competitive on the world stage,” added Dilip Sawhney.

About Rockwell Automation

Rockwell Automation, Inc.  (NYSE:  ROK), is a global leader in industrial automation and digital transformation. We connect the imaginations of people with the potential of technology to expand what is humanly possible, making the world more productive and more sustainable. Headquartered in Milwaukee, Wisconsin, Rockwell Automation employs approximately 27,000 problem solvers dedicated to our customers in more than 100 countries as of fiscal year end 2024. To learn more about how we are bringing Connected Enterprise to life across industrial enterprises, visit www.rockwellautomation.com.

About Cisco

Cisco (NASDAQ: CSCO) is the worldwide technology leader that is revolutionizing the way organizations connect and protect in the AI era. For more than 40 years, Cisco has securely connected the world. With its industry leading AI-powered solutions and services, Cisco enables its customers, partners and communities to unlock innovation, enhance productivity and strengthen digital resilience.  With purpose at its core, Cisco remains committed to creating a more connected and inclusive future for all. Discover more on The Newsroom and follow us on X at @Cisco.

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