Board Games Market Size to Reach Revenues of around 30 Billion by 2026 - Arizton

Board Games Market Size to Reach Revenues of around 30 Billion by 2026 - Arizton

PR Newswire

CHICAGO, Dec. 15, 2020

CHICAGO, Dec. 15, 2020 /PRNewswire/ -- In-depth analysis and data-driven insights on the impact of COVID-19 included in this global board games market report.

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The global board games market is expected to grow at a CAGR of approximately 13% during the period 2020−2026.

Key Highlights Offered in the Report:  

  1. The board games market is dominated by North America and would realize an incremental growth over USD 4 billion significant leap in revenue between 2020 and 2026.
  2. Buoyed by the growing demand in the residential segment, puzzle segment is expected to post an incremental growth around USD 5 billion in 2026, registering CAGR over 12% during the forecast period.
  3. a healthy growth CAGR around 14%, the tabletop games will contribute over $4 billion in incremental revenues during 2020-2026.
  4. Owing to the growing demand of education through games, educational theme games registers a growth in CAGR over 13% by 2026.
  5. The US held the largest revenue share with over USD 3 billion in 2020.

Key Offerings:

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Board Games Market – Segmentation

Board Games Market by Product Type

Board Games Market by Theme

Board Games Market by Distribution Channel 

Board Games Market – Dynamics

Since the market is driven by the entertainment value associated with the products, innovation in product portfolios is one of the crucial factors to sustain in the market. Consumer tendency to switch to different kinds of board games have significantly increased in the past five years. Although COVID-19 has increased the popularity of board games in the residential segment, the risk of replacement has also increased as millennials like to experiment with their conventional choices for better entrainment value. Thereby, focusing on innovative product development is vital to sustain in the market. The global board games market has witnessed the launch of a plethora of products in the past year. Owing to the growing customer base, it is vital to remain relevant in the market through product launches and offerings. Also, due to the presence of several small and independent vendors in the market, different kinds of board games are now available in the market. However, keeping customers entertained and connected determines the real success of board games today.

Key Drivers and Trends fueling Market Growth:

Board Games Market – Geography

COVID-19 outbreak has slowed down market growth in the North American region. In the first two quarters of 2020, the board games market incurred an overall loss of close of 15%. For instance, Hasbro, one of the leaders in the region, incurred 30% losses in the second quarter of 2020 alone in the US. Board game cafes have been severely affected due to the lockdown. More than 500 cafes across North America shutdown due to the COVID-19 lockdown. This has adversely impacted the retail-based board games market. However, the demand for board games has increased during the lockdown. Thus, revenue distribution in 2020 has seen significant ups and downs.

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Board Games Market by Geography

Major Vendors

Other Prominent Vendors

Explore our consumer goods & retail technology profile to know more about the industry.

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About Arizton:

Arizton Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.

We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.

Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.

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