In the digital world where video games and virtual reality devices command the lion’s share of the gaming market, the surprising resilience and resurgence of traditional board games have often been overlooked. Yet, the board games market is booming with vitality and holds a magical charm that enthralls millions worldwide. Peeling back the curtain on the figures of this industry, this blog post will illuminate the often-understated heft of the global board games market. We’ll delve into the market size statistics, revealing the solidifying position of board games in our technologically-driven society. Join us on this intriguing journey as we raise the board and reveal the numbers beneath.
The Latest Board Games Market Size Statistics Unveiled
The global board games market size is expected to reach USD 30.28 billion by 2028.
In the grand scheme of the board games universe, this meteoric rise to a projected USD 30.28 billion by 2028 forms the pulsar around which trends, innovations, and business decisions will gravitate. By providing an economic forecast of such magnitude, this statistic infuses immense value into a blog post about board games market size statistics. It not only paints a picture of the growth potential in this space, but also underlines the robustness and resilience of this industry in the global market, giving readers, investors, producers, and consumers a substantial vantage point to gauge the future landscape of board games.
Board games market is anticipated to grow at a compound annual growth rate (CAGR) of 13% from 2020 to 2025.
Delving into the intriguing realm of board games market reveals some remarkable insights. Notice how the board games market is poised to grow at a striking compound annual growth rate (CAGR) of 13% from 2020 to 2025? This single piece of data serves as a mirror, reflecting the rapid and steady expansion of the market during this period. It’s akin to stepping on an accelerating elevator, steadily gaining momentum year after year.
Picture this pattern continuing into the next five years, paving the way for an array of opportunities for game makers, sellers, and even investors. Not only does it shed light on the growing interest and enthusiasm in buying and playing board games across the globe, but also underscores the business benefits and potential returns for those venturing into or already involved in this market.
Essentially, this growth rate provides a tease as to the massive volume of the dice yet to be rolled in the thrilling world of board games. Now that’s a game most wouldn’t want to miss.
The global market for board games categorized as hobby games was valued at USD 7.2 billion in 2019.
Highlighting the valuation of the global market for hobby board games at USD 7.2 billion in 2019, we immerse ourselves in an eye-opening realization of the profound scale and importance of this industry. It unravels the fascinating world of board games beyond mere recreation, reinforcing its position as a formidable player in the global economic arena. This splendid figure invites readers to a deeper exploration of the market dynamics involved in this sector within the blog post. Clearly, the substantial worth of this niche presents itself as an intriguing story of flourishing economics and consumer interests intertwined in the vibrant world of board games.
By 2026, the global board games market is forecasted to reach USD 28.36 billion.
Forecasting the board games market to reach a staggering USD 28.36 billion by 2026 encapsulates the infectious growth momentum in this sector. Illustrating this trend underscores that board games – traditionally perceived as a pastime – are evolving into a substantial and profitable industry. It serves as a clarion call for investors and innovators to turn their gaze towards this burgeoning market. Amidst a blog post about board games market size statistics, this projection ingrains the notion of vast potential and lucrative opportunities, helping readers comprehend the scale at which this industry operates and is projected to grow. Thus, it offers a quantitative foundation for understanding the evolving dynamics of this rapidly expanding market.
The Global Board Games Market is expected to grow from USD 13.44 Billion in 2020 to USD 22.23 Billion by 2025.
Highlighting this exceptional statistic underscores the significance of the blossoming board games market globally. It serves as a testament to the vibrant global engagement with board games, reflecting a resurgence in interest and exponentially boosting market value. From a fiscal perspective, a jump from USD 13.44 Billion to a whopping USD 22.23 Billion by 2025 is indicative of more than just a thriving industry. It signals opportunities for both established companies and startups to innovate and grow, thereby injecting fuel into this multi-billion-dollar industry. This upswing carries with it, an inspiring message of possibilities and potentials that this niche market holds, casting it in a new light as an attractive sphere for investment and development.
The market of board games creating on Kickstarter platform grew to 165.3 million U.S. dollars in 2019 from 27.2 million U.S. dollars in 2010.
The skyrocketing leap from 27.2 million U.S. dollars in 2010 to a colossal 165.3 million U.S. dollars in 2019 in the board games industry, specifically on Kickstarter, serves as an undeniable affront to any perception that this sector is in stagnation. This striking growth not only commands attention but also weaves an intriguing story of how the landscape of board games is changing and expanding.
In the realm of a blog post dissecting the board games market size statistics, this nugget of information acts like a trailblazer. It fosters an understanding of the emerging alternative platforms empowering the industry, highlights the increasing popular acceptance of board games, and underlines the immense commercial potential that board games hold in contemporary times.
Ultimately, this statistic signifies an impressive narrative of growth, promising a hopeful and prosperous future for board games in today’s digital age, making it a compelling piece of information for any discussion on board game market statistics.
One of the top countries in the board games industry by revenue is China, with revenue in the board games segment projected to reach USD 402 million in 2021.
Highlighting China’s projected board game revenue of USD 402 million in 2021 serves to underscore the global influence of this untapped market, crafting an image of its enticing profitability. This statistic not only topples common misconceptions about the board games market being outdated or underperforming, but also showcases China as a key player, making it an interesting area for further research. For any avid follower of market trends or an investor seeking opportunities, these figures turn their gaze towards the board games segment, signalling a trend of rising potential and profitability.
Board Game and Card Game market worldwide is projected to grow by US$5.17 Billion, driven by a compounded growth of 9%.
In the realm of board and card games, the vibrant pulse of anticipation is undeniable. The market’s lifeblood is set to receive a potent adrenaline surge, estimated at an increase of US$5.17 Billion, energizing the industry’s heart rate at a robust compounded growth pace of 9%. Imagine the expanding horizons this will usher in, the essential life-force this cash injection symbolizes, reinforcing the importance of this sector in leisurely pursuits. As we navigate through the lively currents of this thriving industry, we realize that this statistic paints a broader picture, a testament to the continuing relevance and growing importance of board and card games in our economic landscape. This irrefutably reinforces the notion that the board games market is not just a ripple in the economic ocean, but rather a burgeoning tidal wave that’s advancing with steady momentum.
The strategic board games segment dominated the global market in 2020, accounting for over 62% of revenue share.
Consider the world of board games: intricate designs, engaging narratives, and interactive elements. All intriguing ingredients. Now, imagine aligning these elements with market metrics; you get numbers that paint a rich tapestry. The statistic that reveals how strategic board games accounted for over 62% of global market revenue in 2020 orchestrates such a scene.
Peeling back the layers, it presents a compelling narrative of a board game market dominated largely by this segment. It signifies the potent influence strategic board games have on consumer buying patterns and preferences, reflecting the global pulse at its core. This overwhelming percentage indicates a preference, a trend, serving as a guidepost for manufacturers, strategists, new entrants, gamers, and enthusiasts alike.
Such a data point uncovers profound implications for future market dynamics, potential shifts, and allows stakeholders to tailor their strategies, predicting future demands. Moreover, in the setting of a blog post on board game market size statistics, such a piece of information is not just a number. It’s a compelling revelation, a story in numbers, the spotlight on the game that rules the roost.
Card & dice games accounted for approximately USD 1.91 billion of the board games market in 2019.
Diving into the world of board games market size, an interesting revelation comes to light. Card & dice games, in 2019, cut a hefty slice of the profit pie, amounting to around USD 1.91 billion. This significant sum isn’t just a number, it’s a testament to the undying allure of these conventional games, proving that they still hold players captive in our high-tech era. Furthermore, it hints at the enormous potential for growth and innovation within this sector, which could be highly beneficial for developers, manufacturers, and enthusiasts who are captivated by the idea of tossing a pair of dice or dealing a set of cards. This strong economic influx from card & dice games, therefore, writes a promising tale for the future of the board games market.
The number of successful Kickstarter projects for board games amounted to 2,712 in 2020.
Highlighting the figure of successful Kickstarter projects for board games in 2020 provides a vivid illustration of the vibrant growth and dynamic interest in the board games market. This numerical testament not only reveals a thriving community of board game enthusiasts but signals potential investors about the lucrative opportunities within this sector. Furthermore, it cements the fact that technological advances have not overshadowed traditional board games, instead, platforms like Kickstarter have stimulated a renaissance, sparking innovation and customer engagement in the industry. Therefore, this statistic is a fitting preamble, capturing the buoyant state and upward trajectory of the board game market.
As of 2021, the US alone is expected to generate $1.96 billion in the board games market.
Highlighting the forecasted revenue of $1.96 billion from the US market alone casts a spotlight on the immense potential and health of the board games industry. This figure not only solidifies the US’s place as a dominant force in the global board games landscape, but it also signifies the widespread acceptance and continuous growth of board games within American culture.
This projected revenue invites the reader to fathom the sheer size and scale of the board games market, sparking interest in further exploring this business domain. With inputs like these, entrepreneurs, investors, and board game enthusiasts can evaluate opportunities, understand market dynamics better and can strategize their next moves. The ripple effect extends beyond US borders, making this figure a significant piece in the global board games puzzle.
Puzzles segment captured more than 20% of the market shares in 2019.
Delving into the world of board games market size, one cannot overlook the intriguing revelation that the Puzzles segment seized a notable slice of the pie, cornering over 20% of the market shares in 2019. This figure is a silent testament to the increasing popularity and demand for puzzles amongst board game aficionados. Puzzles have thus become key players on the chessboard of this market, influencing its size and dynamics. Their large footprint is a key point of consideration for marketers, aspiring game designers and even consumers looking to understand emerging trends and demands in the board games landscape. This percentage also underscores the potential profitability and growth prospects in creating or investing in puzzle-based games, making it a significant statistic in the board games market discourse. Unveiling the sectors of the market that are expanding most swiftly, it also throws light on the competitive landscape, rallying everyone’s attention towards this segment that is currently ahead in the game.
The tabletop segment leads with around 28% market share and is projected to grow at a rate of over 20% by 2025.
Unraveling the game board market’s numerical tapestry, one significant stitch stands out. I’m referring to the tabletop segment, which currently dominates with an impressive 28% market share. It isn’t just resting on its laurels either. By 2025, the horizon looks even brighter as projections point towards a growth of over 20%. What does this mean for the chessboard of our discussion? Simply put, it underscores the irrefutable leadership and potential of the tabletop games segment. Being cognizant of these trends, any stakeholder, be it a seasoned game creator, an eager investor, or an avid gamer, can strategize or make purchasing decisions more effectively. Consequently, this number and its implications sit right at the heart of the discussion on board games market size statistics.
The family/strategy/adventure & war board games segment is set to witness the fastest growth of over 20% CAGR during 2020-2025.
Seeing the projected brisk growth of over 20% CAGR in the family/strategy/adventure & war board games segment from 2020-2025 sheds an illuminating spotlight on the rapidly changing trends and preferences of the board game market. It underscores two essential factors through its numeric representation. First, it highlights a rising public penchant for more interactive, strategic, and simulated warfare games that unify families and friends, leading to higher market demand. Second, it forecasts a blooming future for businesses in this specific board games segment, presenting an encouraging and profitable pursuit for game developers, investors, stockholders, and marketers. Thus, the story told by this statistic is important in understanding the evolving dynamics of the board games market.
Online sales channel segment dominated the board games market with a share of more than 64% in 2019.
The statistic illuminating that online sales channel segment dominated the board games market with a whopping share of more than 64% in 2019 thrusts an illuminating spotlight on the substantial clout of e-commerce in this market sector. In a blog post scrutinizing the market size statistics of board games, this scintillating bit of data becomes a critical storyline to explore, offering an incisive look into the shifting patterns of consumer behavior and purchasing preferences.
Embroidering this statistic into our narrative allows readers to grasp a multifaceted picture of the market dynamics. It underscores the undeniable impact of digitalization on even traditional industries such as board games, suggesting the emergence of a potent trend that industry players would be wise to pay attention to. This tile in the mosaic of market analysis hints at strategic opportunities for both existing manufacturers and potential entrants, considering the enormous potential of the online sales channel.
So, this statistic, far from a mere number, can evolve into a compelling narrative of change, challenge, and opportunity in the realm of board games market, making it an invaluable addition to any in-depth analysis of the market size statistics.
As of 2020, Hasbro, one of the leading board games companies, generated revenues of around USD 5.47 billion.
The figure quoted, that of USD 5.47 billion as Hasbro’s revenue in 2020, illuminates an immense and thriving marketplace in the board games universe. Illustrating the financial clout of a global frontrunner like Hasbro, it underpins the significance and vast potential of the board game industry. Moreover, this number is suggestive of a vast customer base and deep public interest, a clear signal for anyone interested in understanding, tracking, or investing in the board game market. The vitality of this one company, revealed within this financial figure, serves as a potent lens through which we can view the larger board game market, its health, and its trends.
Approximately 70% of the revenue in the board games market will come from the online distribution channel by 2023.
Such a compelling forecast throws a dose of adrenaline into the vein of digital strategists, investors, and entrepreneurs. By 2023, online distribution channels are projected to dominate the game board market by creating about 70% of the total revenue. This is no small feat, thus igniting a pressing question; what’s driving this digital migration?
In our blog post, we discuss how millennials’ and Gen Z’s affinity for online shopping, social isolation imposed by the pandemic, and the surge in internet penetration globally are pivotal factors in this shift. Moreover, the hefty share of online distribution channels accentuates the potential for profiting from strategic e-commerce investments, building robust digital platforms, or pushing green initiatives by minimizing physical distribution.
Ultimately, this bold projection not only paints a new color on the canvas of board games market trends: it reshapes the contours, presenting a digital landscape that deems essential for stakeholders to both acknowledge and act upon.
Conclusion
In closing, the recent surge in the board games market is clear evidence of their growing popularity among both families and competitive gamers. The substantial market size and its promising growth statistics stand as a testament to the pivotal role board games play in today’s entertainment industry. While the digital gaming sector continues to boom, the allure of physical board games – encapsulating nostalgia, social interaction, and strategic thinking – is certainly far from fading. As analysts predict a continued upward trajectory, it is a sector that entrepreneurs, investors, and hobby enthusiasts alike should keep an eager eye on. With the right understanding and interpretation of this market’s statistics, one can find an array of opportunities in the entrancing world of board games.
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