According to the latest report by IMARC Group, titled “Board Games Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global board games market share. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global board games market size reached US$ 13.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 26.68 Billion by 2027, exhibiting a growth rate (CAGR) of 11.50% during 2022-2027.
What is a Board Games?
Board games refer to tabletop games that are played with counters or pieces by adding to, subtracting from, or moving across a board. They include chess, weiqi, xiangqi, shogi, oware, scrabble, trivial pursuit, settlers of catan, clue, a ticket to ride, uno, etc.
Board games offer markings and designated spaces with tokens, dice, stones, cards, or other pieces that are used in particular ways throughout the game. They aid children in counting spaces, identifying colors, enhancing hand-eye coordination and dexterity in moving cards and pieces around the board, etc. In line with this, these games assist in sharpening the focus of individuals while promoting structured opportunities for interaction and entertainment.
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What are the Key Factors Driving in the Board Games Market?
The inflating need for improving team-building skills and facilitating active learning and problem-solving skills among children is primarily augmenting the board games market. Furthermore, they are widely available via online and offline distribution channels, which is positively influencing the global market. Apart from this, the expanding e-commerce sector is acting as another significant growth-inducing factor.
Moreover, the increasing number of game bars and cafes across countries and the widespread adoption of strategy and war-based games by teenagers and adults are further catalyzing the global market. Besides this, the emerging trend of playschool activities in educational institutions is also bolstering the market growth. Additionally, the rising investments in R&D activities by key market players for introducing variants with Virtual Reality (VR) to enhance the experience of players are expected to fuel the board games market in the coming years.
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Buffalo Games, Cartamundi Asia Pacific, Clementoni Spa, CMON Limited, Franckh-Kosmos Verlags-GmbH and Co. KG, Fremont Die Consumer Products Inc., Gibsons Games Ltd., Goliath Games, Hasbro Inc., Mattel Inc., Mindware Inc., PD Verlag GmbH and Co. KG and The Walt Disney Co.
Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Product Type:
- Tabletop Games
- Card and Dice Games
- Collectible Card Games
- Miniature Games
- RPG Games
Breakup by Game Type:
- Strategy and War Games
- Educational Games
- Fantasy Games
- Sport Games
- Others
Breakup by Age Group:
- 0-2 Years
- 2-5 Years
- 5-12 Years
- Above 12 Years
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Specialty Stores
- Online Stores
- Others
Regional Insights:
- Asia Pacific
- North America
- Europe
- Middle East and Africa
- Latin America
On the geographical front, Asia Pacific enjoys the leading position in the market. This can be attributed to the rising establishment of international companies in the region, on account of low manufacturing costs and cheap labor.
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In recent times prominent growth in technology leads to massive expansion video games that leads to sluggish to constant growth for Board Games Market.
According to latest research published by Profshare Market Research global Board Games Market estimated that global market is expected to reach USD 18116.12 million by 2027 with CAGR of 9.5 % between 2019 to 2027.
Study uses both primary and secondary data sources in order to deliver precise market information.
Study deliver 360 degree view on important market factors such as competitive landscape, government initiative & policies, market trends, historical data, upcoming technologies and innovation as well as risk, rewards , opportunities and challenges.
Board Games Market Study primarily includes Market status and outlook of global and major regions.
Board Games Market Report consists of supply chain information that conveys how on-time rate or quality influences supply capacity and competitiveness.
