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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..

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 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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Industry leaders to join forces to scale hydrogen mobility

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Volvo Group

For the first time in Europe, Germany is bringing together the full ecosystem needed to scale the deployment of hydrogen trucks by 2030, combining supportive policy frameworks, a strong OEM offering and an integrated hydrogen supply chain and infrastructure.Volvo Group, Daimler Truck, Toyota Motor Corporation, Bosch, Air Liquide, TotalEnergies, TEAL Mobility, MB Energy, and more companies accelerate the commercialization of hydrogen-powered mobility and build the ecosystem needed to scale it along the whole value chain, with vehicles, infrastructure and supply. The activities include the deployment of hydrogen refueling stations along key strategic corridors in Europe, in synchronization with the hydrogen-powered truck fleets as well as a competitive hydrogen price. This will enable customers to operate hydrogen-powered vehicles with a competitive total cost of ownership. Full details will be unveiled at a CEO-led press event during IAA Transportation in Hanover on 15 September.

GOTHENBURG, Sweden, Sept. 3, 2026 /PRNewswire/ — Leading companies from the transport, energy and industrial sectors, together with German policymakers, are collaborating to establish a benchmark for a fully integrated hydrogen mobility ecosystem for heavy-duty transport. They reflect a shared ambition to scale hydrogen with a focus on customer-oriented refueling infrastructure and competitively priced hydrogen fuel.

Delivering a comprehensive hydrogen ecosystem that complements battery-electric solutions requires coordinated development across the entire value chain with focus on commercializing competitive vehicles, deploying strategically located refueling infrastructure aligned with customer needs, and ensuring reliable access to hydrogen at viable price levels. Together, these elements can create the conditions for a competitive total cost of ownership and position hydrogen as a practical, scalable solution for zero-emission transport.

Further details will be announced on September 15 at IAA Transportation 2026.

Volvo Group, Daimler Truck, Toyota Motor Corporation, Bosch, Air Liquide, TotalEnergies, TEAL Mobility, MB Energy

September 3, 2026

Journalists wanting further information, please contact:
Claes Eliasson, Head of Media Relations
+46 76 553 7229
press@volvo.com

For more information, please visit volvogroup.com
For frequent updates, follow us on LinkedIn

The Volvo Group drives prosperity through transport and infrastructure solutions, offering trucks, buses, construction equipment, power solutions for marine and industrial applications, financing and services that increase our customers’ uptime and productivity. Founded in 1927, the Volvo Group is committed to shaping the future landscape of sustainable transport and infrastructure solutions. The Volvo Group is headquartered in Gothenburg, Sweden, employs almost 100,000 people and serves customers in almost 180 markets. In 2025, net sales amounted to SEK 479 billion (EUR 43 billion). Volvo shares are listed on Nasdaq Stockholm.

This information was brought to you by Cision http://news.cision.com.

https://news.cision.com/ab-volvo/r/industry-leaders-to-join-forces-to-scale-hydrogen-mobility,c4391363

The following files are available for download:

https://mb.cision.com/Main/39/4391363/4249230.pdf

Press release — Industry leaders to join forces to scale hydrogen mobility

https://news.cision.com/ab-volvo/i/1860×1050-iaa-pr,c3561719

1860×1050 IAA PR

 

View original content:https://www.prnewswire.com/news-releases/industry-leaders-to-join-forces-to-scale-hydrogen-mobility-302868716.html

SOURCE AB Volvo

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CFD Broker Mitrade EU Introduces Excess-of-Loss Insurance Protection for Its Clients

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LIMASSOL, Cyprus, Sept. 3, 2026 /PRNewswire/ — CFD broker Mitrade has arranged additional insolvency insurance for eligible clients onboarded under its CySEC licence. The initiative reflects a broader focus on strengthening client confidence and investor protection.

This excess-of-loss policy supplements protections CySEC already mandates. CySEC-authorised investment firms are required to segregate client funds and contribute to the Investor Compensation Fund. Beyond those statutory safeguards, Mitrade EU Limited’s discretionary insurance coverage has been arranged through Lloyd’s of London and funded by Mitrade. It is automatically available to eligible clients without an opt-in requirement or additional client charge.

Should Mitrade EU Limited become insolvent, the policy may cover eligible claims, subject to its terms, conditions and exclusions, up to a maximum aggregate amount of €1 million across all claims combined. It does not cover trading losses or losses caused by market movements.

“Regulation sets the baseline; we decide how much further to go for clients,” said Timur Konsky, CEO of Mitrade EU. “That is why we put additional insurance in place with Lloyd’s of London. Our approach is to identify where clients can be protected and take steps to reduce those risks. Transparency and safety should not be marketing language; they should be demonstrated through the safeguards a broker chooses to put in place. We want our clients to judge us by our actions, and this policy is another concrete example of that commitment.”

Mitrade EU’s excess-of-loss insurance cover takes effect from 1 September 2026.

About Mitrade 

Mitrade is a CFD trading platform operating in eligible EEA markets through Mitrade EU Limited, a CySEC-authorised investment firm (CIF438/23). Other legally separate entities within the international group are independently authorised and regulated in their respective jurisdictions by ASIC (AFSL398528), CIMA (SIB1612446), FSCA (FSP54842), FSC (GB20025791), and CMA (20200000397). 

Globally, the brand connects 7M+ traders to 1,000+ CFDs on indices, forex, commodities, shares, ETFs and more. The platform is designed to provide fast execution, flexible leverage on a per-position basis, competitive spreads and an intuitive interface accessible across multiple devices. 

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. 

Visit https://www.mitrade.eu for more information.

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Aurra Markets Receives ‘Most Transparent Broker’ Award in Mumbai

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Aurra Markets wins the ‘Most Transparent Broker’ award at Money Expo Mumbai 2026. Read about our MT5 infrastructure and Aurra Wallet.

MUMBAI, India, Sept. 3, 2026 /PRNewswire/ — Aurra Markets Wins ‘Most Transparent Broker’ Award at Money Expo Mumbai

Aurra Markets, a multi-asset CFD broker, received the ‘Most Transparent Broker’ award at Money Expo Mumbai 2026. Participating as a Diamond Sponsor at the Jio World Convention Centre, the brokerage presented its institutional-grade trading infrastructure and partnership models to the Indian financial community.

Direct Market Access and Tier-1 Liquidity

Receiving this award reflects the company’s focus on maintaining secure trading conditions. In active financial markets, reliability is a primary requirement for retail and institutional traders. By integrating direct Tier-1 liquidity and holding fully segregated client funds, Aurra Markets provides a stable environment for trading forex, precious metals, and indices. The team demonstrated its MetaTrader 5 (MT5) framework at Booth 33, highlighting the 12ms execution speed that supports algorithmic and day traders.

Efficient Funding via the Aurra Wallet

The exhibition also served as a platform to detail the company’s advanced funding infrastructure. Clients can manage their capital using the Aurra Wallet. This unified system bridges fiat and digital assets, allowing traders to handle deposits and withdrawals efficiently. Integrating this technology reduces banking delays and provides rapid market access.

Expanding Operations in the Indian Market

“We are honored to receive the Most Transparent Broker award in Mumbai,” a senior spokesperson for Aurra Markets stated. “This recognition validates our infrastructural investments designed to lower trading costs and maintain security. Engaging with affiliates and traders in India confirms the demand for high-performance trading solutions. We provide market participants with the stability needed to trade macroeconomic shifts.”

About Aurra Markets

Aurra Global Markets Limited is authorized and regulated by the Mauritius Financial Services Commission (FSC) under License No. GB25204837. Aurra Markets provides a global community of traders with the direct infrastructure and technical resources needed to operate in dynamic financial markets. For more information, visit www.aurra.markets.

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SOURCE AURRA GLOBAL MARKETS LIMITED

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