Mexico Remote Control Products-Hobby Market Projected To Gro...| MENAFN.COM

Wednesday, 06 July 2022 12:18 GMT

Mexico Remote Control Products-Hobby Market Projected To Grow At A CAGR Of 2.16% During 2021-2030


(MENAFN- America News Hour)

Research Nester has released a report titled Mexico Remote Control Products-Hobby Market : Demand Analysis & Opportunity Outlook 2030 which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, along with the impact of COVID-19 and a detailed discussion on the latest trends and future opportunities that are associated with the growth of the market.

The percentage of male population aged 15-19, 20-24, 25-29, and 30-34 in Mexico in the year 2020 were 4.3%, 4.1%3.9%, and 3.6% respectively, while that of female population were 4.3%, 4.2%, 4.1%, and 3.9% respectively, according to the statistics by the National Institute of Statistics and Geography (INEGI).

The statistics portray the growing millennial population in Mexico, amongst whom the interests for remote-controlled toys is growing at a significant pace. Moreover, the increasing awareness for these toys amongst the younger generation, followed by the development of several local race tracks for organizing community games amongst the toy owners, are also some of the major factors attributed to the market growth.

The Mexico remote control products-hobby market is estimated to garner a revenue of USD 140.79 Million by the end of 2030, and further grow with a CAGR of 2.16% over the forecast period, i.e., 2021 – 2030. In the year 2020, the market in the country registered a revenue of USD 113.81 Million. The market is segmented by product into RC car, RC plane, RC truck, RC helicopter, RC drone, RC bike, and others. Amongst these, in the year 2020, the RC car segment generated the largest revenue of USD 40.74 Million, and is further projected to touch USD 50.54 Million by the end of 2030.

The Mexico remote control products-hobby market is also segmented by age group into below 18 years, 18-34 years, 35-54 years, and above 54 years. Amongst these, the 18-34 years segment is expected to attain the largest revenue of USD 65.62 Million by the end of 2030, by growing with the highest CAGR of 2.32% during the forecast period.

However, the stringent government regulations for RC products is one of the major factors predicted to hinder the market growth in the coming years.

Curious about this latest version of report? Obtain Report Details @

This report also provides the existing competitive scenario of some of the key players of the Mexico remote control products-hobby market, which includes company profiling of Redcat Racing, Kyosho America, Traxxas, Silverlit Toys Manufactory Ltd., Tamiya USA, Artsana S.p.A., DJI, HPI Racing A/S, Horizon Hobby, LLC, and others.

The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “Mexico Remote Control Products-Hobby Market: Demand Analysis & Opportunity Outlook 2030” , analyses the overall Mexico remote control products-hobby industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the Mexico remote control products-hobby market in the near future.

Request a Sample Copy of Concerned Market Report @

About Research Nester

Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment, etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.

Contact Us

AJ Daniel
Email:
U.S. Phone: [+1 646 586 9123]
U.K. Phone: [+44 203 608 591]

Research Nester

Research Nester is a one-stop service provider, leading in strategic market research and consulting with an unbiased and unparalleled approach towards helping global industrial players, conglomerates and executives to make wise decisions for their future investment and expansion by providing them qualitative market insights and strategies while avoiding future uncertainties. We believe in honesty and sheer hard work that we trust is reflected in our work ethics. Our vision is not just limited to gain the trust of our clients but also to be equally respected by our employees and being appreciated by the competitors.

MENAFN24062022004545010068ID1104425303


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.