Market Overview:
The global micro machines market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for miniature vehicles for play and display purposes. In addition, the growing popularity of toy cars among children is also contributing to the growth of this market. Based on type, the global micro machines market can be segmented into popular cars, trucks, trains, tanks, boats, airplanes and helicopters. Of these segments, popular cars are expected to account for a major share of the global micro machines market in 2018. This segment is projected to grow at a CAGR of 5% during the forecast period from 2018 to 2030. Based on application, playgrounds are expected to account for a major share of the global micro machines market in 2018 followed by supermarkets and homes respectively.
Product Definition:
Micro Machines are small, motorized vehicles that are used for a variety of purposes, including racing and playing games. They are typically made out of plastic and have a very small footprint, making them easy to store and transport. Micro Machines can be used by both children and adults for recreational purposes or as educational tools.
Popular Cars:
Popular cars are those that have a high demand and sale in the market. It can be defined as those vehicles which have a large number of units sold in a particular year. The factors considered while defining popular cars are volume sales, customer preferences, technological advancements and industry trends.
Trucks:
Trucks are small vehicles that are used to carry various load and they can be used in Micro Machines market. Trucks have wheels so that they can move on roads easily. There are different types of trucks such as truck bed, flat bed, tanker truck, and refrigerated box truck etc., which vary according to their use.
Application Insights:
The market is segmented by application into playground, supermarket, home and others. The home application segment dominated the global micro machines market in 2017 owing to increasing demand for miniaturized household appliances. Miniaturized versions of conventional devices have become increasingly popular due to growing urbanization and consumer inclination towards smart products. For instance, a Japanese company named YASKAWA has developed a microwave that can be installed in less than 6 sq ft of space. Such technological developments are expected to increase product demand at homes over the forecast period.
The playground was the second largest application segment in 2017 owing to rising use of micro machines as toys among children aged between 0-8 years old across various regions including North America and Europe/Asia Pacific rim countries such as Japan China etcetera).
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to continue its dominance over the forecast period. This can be attributed to increasing product demand from countries, such as China and India. Furthermore, rising disposable income levels coupled with growing population in these countries will boost the product demand further driving regional growth.
North America is projected to grow at a significant rate over the forecast period owing to an increase in spending power of consumers along with their willingness to spend on entertainment activities and micro machines products for kids. Moreover, presence of key manufacturers including Micro Machines Ltd., Hasbro Inc., Mattel Inc.
Growth Factors:
- Increasing demand for miniature vehicles
- Rising popularity of toy racing games
- Growing trend of collecting miniature vehicles
- Advances in manufacturing technology and design innovation
- Proliferation of online platforms for selling toys and collectibles
Scope Of The Report
Report Attributes
Report Details
Report Title
Micro Machines Market Research Report
By Type
Popular Cars, Trucks, Trains, Tanks, Boats, Airplanes, Helicopters, Other
By Application
Playground, Supermarket, Home, Other
By Companies
Hasbro, SMOBY, LEGO, NICI, BRIO, DISNEY, SASSY
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
162
Number of Tables & Figures
114
Customization Available
Yes, the report can be customized as per your need.
Global Micro Machines Market Report Segments:
The global Micro Machines market is segmented on the basis of:
Types
Popular Cars, Trucks, Trains, Tanks, Boats, Airplanes, Helicopters, Other
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
Playground, Supermarket, Home, Other
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:
- Hasbro
- SMOBY
- LEGO
- NICI
- BRIO
- DISNEY
- SASSY
Highlights of The Micro Machines 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:
- Popular Cars
- Trucks
- Trains
- Tanks
- Boats
- Airplanes
- Helicopters
- Other
- By Application:
- Playground
- Supermarket
- Home
- Other
- 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 Micro Machines 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?
Micro Machines is a brand of miniature vehicles and toys manufactured by Hasbro. The first Micro Machines toy was released in 1984.
Some of the major companies in the micro machines market are Hasbro, SMOBY, LEGO, NICI, BRIO, DISNEY, SASSY.
The micro machines market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Micro Machines 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 Micro Machines Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Micro Machines 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 Micro Machines 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 Micro Machines Market Size & Forecast, 2018-2028
4.5.1 Micro Machines Market Size and Y-o-Y Growth
4.5.2 Micro Machines Market Absolute $ Opportunity
Chapter 5 Global Micro Machines 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 Micro Machines Market Size Forecast by Type
5.2.1 Popular Cars
5.2.2 Trucks
5.2.3 Trains
5.2.4 Tanks
5.2.5 Boats
5.2.6 Airplanes
5.2.7 Helicopters
5.2.8 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Micro Machines 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 Micro Machines Market Size Forecast by Applications
6.2.1 Playground
6.2.2 Supermarket
6.2.3 Home
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Micro Machines 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 Micro Machines 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 Micro Machines Analysis and Forecast
9.1 Introduction
9.2 North America Micro Machines 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 Micro Machines Market Size Forecast by Type
9.6.1 Popular Cars
9.6.2 Trucks
9.6.3 Trains
9.6.4 Tanks
9.6.5 Boats
9.6.6 Airplanes
9.6.7 Helicopters
9.6.8 Other
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 Micro Machines Market Size Forecast by Applications
9.10.1 Playground
9.10.2 Supermarket
9.10.3 Home
9.10.4 Other
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 Micro Machines Analysis and Forecast
10.1 Introduction
10.2 Europe Micro Machines 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 Micro Machines Market Size Forecast by Type
10.6.1 Popular Cars
10.6.2 Trucks
10.6.3 Trains
10.6.4 Tanks
10.6.5 Boats
10.6.6 Airplanes
10.6.7 Helicopters
10.6.8 Other
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 Micro Machines Market Size Forecast by Applications
10.10.1 Playground
10.10.2 Supermarket
10.10.3 Home
10.10.4 Other
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 Micro Machines Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Micro Machines 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 Micro Machines Market Size Forecast by Type
11.6.1 Popular Cars
11.6.2 Trucks
11.6.3 Trains
11.6.4 Tanks
11.6.5 Boats
11.6.6 Airplanes
11.6.7 Helicopters
11.6.8 Other
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 Micro Machines Market Size Forecast by Applications
11.10.1 Playground
11.10.2 Supermarket
11.10.3 Home
11.10.4 Other
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 Micro Machines Analysis and Forecast
12.1 Introduction
12.2 Latin America Micro Machines 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 Micro Machines Market Size Forecast by Type
12.6.1 Popular Cars
12.6.2 Trucks
12.6.3 Trains
12.6.4 Tanks
12.6.5 Boats
12.6.6 Airplanes
12.6.7 Helicopters
12.6.8 Other
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 Micro Machines Market Size Forecast by Applications
12.10.1 Playground
12.10.2 Supermarket
12.10.3 Home
12.10.4 Other
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) Micro Machines Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Micro Machines 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) Micro Machines Market Size Forecast by Type
13.6.1 Popular Cars
13.6.2 Trucks
13.6.3 Trains
13.6.4 Tanks
13.6.5 Boats
13.6.6 Airplanes
13.6.7 Helicopters
13.6.8 Other
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) Micro Machines Market Size Forecast by Applications
13.10.1 Playground
13.10.2 Supermarket
13.10.3 Home
13.10.4 Other
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 Micro Machines Market: Competitive Dashboard
14.2 Global Micro Machines Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hasbro
14.3.2 SMOBY
14.3.3 LEGO
14.3.4 NICI
14.3.5 BRIO
14.3.6 DISNEY
14.3.7 SASSY
