An agreement has been reached by Horizon Hobby, LLC ("Horizon Hobby") to purchase the assets of Trinity Corp, LLC ("Trinity Racing"), a leading producer of radio-control ("RC") hobby racing components. RC racers who desire the highest performance possible have turned to Trinity, which was founded in 1980 by Ernest ("Ernie") Provetti in Brooklyn, New York. Trinity specializes in producing top-notch brushless motors, battery technology, and accessories.
Redcat has introduced a new affiliate scheme that enables fans of Radio Controlled hobbies to generate additional revenue while producing and sharing motivational Redcat-based content.
Author Credits: Parul Atri
Report ID: 2771
Published Date: Dec 21, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Increasing Technological Developments, increasing product innovation, social engagement between online communities are some of the major market growth drivers.
The market size of remote control products - hobby is anticipated to attain a CAGR of 3 % over the forecast period, i.e., 2024-2036.
The major players in the market are Traxxas, Horizon Hobby, LLC, Tamiya USA, World Tech Toys, HPI Racing A/S., Silverlit Toys Manufactory Ltd., KYOSHO CORPORATION, DJI, Artsana S.p.A. BanzaiHobby and others.
The cars segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.
The market in the North American region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.