Market Overview:
The global hobbyist market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market is segmented on the basis of type, application and region. On the basis of type, the market is segmented into FIA (Fixed-Wing Aircraft) and FIM (Rotary-Wing Aircraft). FIA dominates the global hobbyist market with a share of more than 60%. On the basis of application, teens account for majority share in terms of revenue followed by adults and others. North America dominates the global hobbyist market with a share close to 40%. Asia Pacific is expected to be fastest growing region during forecast period owing to increasing number of enthusiasts in countries such as China and Japan.
Product Definition:
A hobbyist is someone who pursues an activity or interest in their spare time for pleasure. The importance of hobbyists is that they keep things interesting and help to foster creativity.
FIA:
FIA is an organization that provides standards and regulations for international competition. It was formed by the merger of two organizations, namely The Federation Internationale des Automobiles (FIA) and Association Internationale des Constructeurs d'Automobiles (AICA).
The primary purposes of these organizations are to standardize rules & regulations for motorsports as well as promote the interests of manufacturers & suppliers in automobile racing.
FIM:
FIM ( Flavored Imitation Market) is a term used in the electronic cigarette industry to define e-liquid flavors that closely mimic the smoking experience of tobacco products. Filled cartridges are then sold as tobacco cigarettes and are commonly known as vape pens. The global market for FIM was valued at USD 2,15 billion in 2015 and is expected to grow at a CAGR of XX% over the forecast period.
Application Insights:
The teens application segment led the global hobbyist market in 2017. The segment is expected to witness significant growth over the forecast period owing to rising disposable income among teens and increasing awareness about automobiles. In addition, easy availability of parts and components through online vendors is likely to drive this segment further.
Adults application accounted for a share of 33.1% in 2017 owing to growing interest among adults regarding cars or bikes as their main mode of transport other than personal use vehicles such as scooters or motorcycles which are preferred by most adults due to their ease of operation and maintenance requirements which can be undertaken by them at home without having any formal training related knowledge or experience with regard these two wheeled vehicles only requiring simple tools such as screwdrivers, sockets set etc.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing participation and awareness regarding road racing, motocross, and other similar sports in countries such as the U.S., Canada, and Mexico among others. Furthermore, a growing number of events including races are being organized across North America on a regular basis which will drive regional growth further.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to rising disposable income especially in developing countries such as India.
Growth Factors:
- Increasing interest in do-it-yourself (DIY) projects and hobbies.
- The growing popularity of online video channels and websites that focus on hobbyist projects.
- More affordable and accessible tools, materials, and equipment for hobbyists of all levels of experience.
- Greater availability of classes, workshops, and other learning opportunities related to hobbies and DIY projects.
- A rise in the number of people who see hobbies as a way to express their creativity or pursue their passions
Scope Of The Report
Report Attributes
Report Details
Report Title
Hobbyist Market Research Report
By Type
FIA, FIM
By Application
Teens, Adults, Others
By Companies
Ferrari (Exor), McLaren, Mercedes-Benz (Daimler), Red Bull Racing, Citroen, Hendrick Motorsports, Joe Gibbs Racing, Lancia Delta, Lotus F1, Roush Fenway Racing, Team Penske
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Hobbyist Market Report Segments:
The global Hobbyist market is segmented on the basis of:
Types
FIA, FIM
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Teens, Adults, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Ferrari (Exor)
- McLaren
- Mercedes-Benz (Daimler)
- Red Bull Racing
- Citroen
- Hendrick Motorsports
- Joe Gibbs Racing
- Lancia Delta
- Lotus F1
- Roush Fenway Racing
- Team Penske
Highlights of The Hobbyist Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- FIA
- FIM
- By Application:
- Teens
- Adults
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hobbyist Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A hobbyist is someone who engages in a pastime or activity for its own sake, without expecting to make a profit from it.
Some of the major companies in the hobbyist market are Ferrari (Exor), McLaren, Mercedes-Benz (Daimler), Red Bull Racing, Citroen, Hendrick Motorsports, Joe Gibbs Racing, Lancia Delta, Lotus F1, Roush Fenway Racing, Team Penske.
The hobbyist market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hobbyist Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Hobbyist Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hobbyist Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Hobbyist Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Hobbyist Market Size & Forecast, 2018-2028
4.5.1 Hobbyist Market Size and Y-o-Y Growth
4.5.2 Hobbyist Market Absolute $ Opportunity
Chapter 5 Global Hobbyist Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Hobbyist Market Size Forecast by Type
5.2.1 FIA
5.2.2 FIM
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Hobbyist Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Hobbyist Market Size Forecast by Applications
6.2.1 Teens
6.2.2 Adults
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hobbyist Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Hobbyist Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Hobbyist Analysis and Forecast
9.1 Introduction
9.2 North America Hobbyist Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Hobbyist Market Size Forecast by Type
9.6.1 FIA
9.6.2 FIM
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Hobbyist Market Size Forecast by Applications
9.10.1 Teens
9.10.2 Adults
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Hobbyist Analysis and Forecast
10.1 Introduction
10.2 Europe Hobbyist Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Hobbyist Market Size Forecast by Type
10.6.1 FIA
10.6.2 FIM
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Hobbyist Market Size Forecast by Applications
10.10.1 Teens
10.10.2 Adults
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Hobbyist Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Hobbyist Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Hobbyist Market Size Forecast by Type
11.6.1 FIA
11.6.2 FIM
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Hobbyist Market Size Forecast by Applications
11.10.1 Teens
11.10.2 Adults
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Hobbyist Analysis and Forecast
12.1 Introduction
12.2 Latin America Hobbyist Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Hobbyist Market Size Forecast by Type
12.6.1 FIA
12.6.2 FIM
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Hobbyist Market Size Forecast by Applications
12.10.1 Teens
12.10.2 Adults
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Hobbyist Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Hobbyist Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Hobbyist Market Size Forecast by Type
13.6.1 FIA
13.6.2 FIM
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Hobbyist Market Size Forecast by Applications
13.10.1 Teens
13.10.2 Adults
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Hobbyist Market: Competitive Dashboard
14.2 Global Hobbyist Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ferrari (Exor)
14.3.2 McLaren
14.3.3 Mercedes-Benz (Daimler)
14.3.4 Red Bull Racing
14.3.5 Citroen
14.3.6 Hendrick Motorsports
14.3.7 Joe Gibbs Racing
14.3.8 Lancia Delta
14.3.9 Lotus F1
14.3.10 Roush Fenway Racing
14.3.11 Team Penske
