Board Games Market to Grow with a CAGR of 11.9% Globally through 2028
Global Board Games Market continues to thrive due to factors
such as integration of digital technology, the rise of board game cafes and
social engagement, and the expansion of niche and customizable games.
According to TechSci Research report, “Global Board
Games Market - Industry Size, Share, Trends, Competition Forecast &
Opportunities, 2028”, the Global Board Games Market stood at USD 15.2 billion
in 2022 and is anticipated to grow with a CAGR of 11.9% in the forecast period,
2024-2028. The global board games market is a dynamic and ever-evolving
industry that has seen remarkable growth in recent years. From classic titles
like Chess and Monopoly to modern board games with intricate mechanics, this
market encompasses a wide range of games that appeal to diverse audiences
worldwide.
The board games market represents a vibrant segment of
the global gaming industry. Board games are tabletop games that involve players
moving pieces or tokens on a pre-marked surface, typically following a set of
rules to achieve a specific goal. These games come in various forms, including
traditional board games, card games, dice games, and modern tabletop games with
complex mechanics. The global board games market encompasses a wide variety of
games, catering to different preferences and skill levels.
Browse over 26 market data Figures spread
through 189 Pages and an in-depth TOC on "Global Board Games Market”
The global board games market features a diverse array
of manufacturers, publishers, and designers. Some of the key players in the
industry include Hasbro, Mattel, Ravensburger, Asmodee, Days of Wonder, Z-Man
Games, Stonemaier Games, and Fantasy Flight Games, among many others. These
companies produce a wide range of board games, from family-friendly classics to
complex strategy games, meeting the needs of various target audiences.
In an increasingly digital world, many people are
seeking offline, face-to-face social interactions. Board games provide a
perfect avenue for friends and families to come together, making them a
compelling alternative to screen-based entertainment. The industry has
witnessed a surge in innovative game design, with designers pushing the
boundaries of creativity. Modern board games often feature intricate mechanics,
captivating themes, and immersive storytelling, attracting a diverse and
passionate player base.
Board games have cultural and educational
significance. They are used for educational purposes in schools, as tools for
team-building and therapy, and even in academia to study human behavior and
decision-making. Board games are widely available through various distribution
channels, including local game stores, online retailers, and crowdfunding
platforms like Kickstarter. This accessibility ensures that consumers can
easily discover and purchase games.
Many board games are produced and distributed
internationally. Games from different regions and cultures are readily
available to a global audience, broadening the appeal of the market. The global
board gaming community is highly active, with numerous events, conventions, and
tournaments taking place worldwide. Events like Essen Spiel in Germany, Gen Con
in the United States, and TableTop Day celebrate the love of board gaming and
showcase new releases.
Board games are often integrated into other forms of
media, including television shows, movies, and online content. This cross-media
promotion has introduced board games to new audiences and reignited interest
among existing players.
Some board games offer collectible elements, such as
expansion packs and additional content. These features keep players engaged and
provide opportunities for publishers to extend the lifespan of successful
games. Many manufacturers are incorporating eco-friendly materials and
production processes into their board games, aligning with the growing consumer
trend toward sustainability.
The resurgence of analog gaming has given rise to a
"tabletop renaissance," with players of all ages discovering the joys
of board gaming. This trend is particularly prominent in North America and
Europe. Contemporary board games are characterized by deep strategy, engaging
storytelling, and thematic immersion. Eurogames, dungeon crawlers, and
cooperative games are among the popular sub-genres.
Crowdfunding platforms like Kickstarter have become
significant in launching and funding new board game projects. These campaigns
allow designers to reach a global audience and fund innovative game concepts. Some
board games incorporate digital technology through companion apps, enhancing
gameplay with interactive features and digital content.
An increasing number of board game manufacturers are
adopting sustainable practices by using recycled materials, eco-friendly
packaging, and reducing waste. Legacy board games, where the game evolves and
changes with each playthrough, have gained popularity. These games create a
unique narrative experience for players.
The future of the global board games market appears
promising, with continued growth and diversification anticipated. As the market
evolves, key players are likely to focus on the development of innovative game
mechanics, improved sustainability, and expanding their digital presence. The
integration of board games into educational and therapeutic settings is also
expected to grow, as educators and therapists recognize the potential of board
games in achieving various objectives. Furthermore, the globalization of the
industry, with games from different cultures gaining prominence worldwide, is
set to continue, enhancing the diversity of available games.
The global board games market is segmented into type, game
type, age group, sales channel, regional, and company.
Based on the type, card and dice games segment emerged as the dominant
player in the global board games market. Card and dice games have a timeless appeal that
transcends generations. Classics like Poker, Bridge, Solitaire, and Yahtzee
have been enjoyed for decades, providing a sense of nostalgia and familiarity
that resonates with players of all ages. The simplicity and universality of
these games contribute to their enduring popularity.
Based on
region, North America has a significant share of the global board games market.
North
America boasts a diverse and enthusiastic gaming community, encompassing a wide
spectrum of players, from casual gamers to hobbyists and collectors. The
region's gaming community is known for its passion, and it actively engages in
board game events, conventions, and local gaming groups.
Major companies operating in global board games market
are:
- 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.
Download Free Sample Report
Customers can also request for 10%
free customization on this report.
“The global board games market is thriving, driven by
the resurgence of analog gaming, innovative game design, accessibility, and a
strong sense of community among players. With a wide variety of games catering
to diverse tastes and interests, board gaming has established itself as a
timeless and culturally significant form of entertainment. As the market
continues to expand and adapt to changing consumer preferences, it is poised
for a bright future with new trends and opportunities on the horizon.” said Mr.
Karan Chechi, Research Director with TechSci Research, a research-based
management consulting firm.
“Board Games Market – Global Industry Size, Share, Trends, Opportunity,
and Forecast, Segmented By Type (Tabletop
Games, Card and Dice Games, Collectible Card Games, Miniature Games, RPG
Games), By Game Type (Strategy and War Games, Educational Games, Fantasy Games,
Sport Games, and Others), By Age Group (0-2 Years, 2-5 Years, 5-12 Years, Above
12 Years), By Sales Channel (Supermarkets/Hypermarkets, Specialty Stores,
Online Stores, and Others), By Region, By Competition,
2018-2028, has evaluated
the future growth potential of global board games market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in global board games market.
Contact Us-
TechSci
Research LLC
420
Lexington Avenue, Suite 300,
New
York, United States- 10170
M:
+13322586602
Email: [email protected]
Website: www.techsciresearch.com