Global Board Games Market

Board Games Market Size, Share, Growth Analysis, By Game Type(Monopoly, Scrabble, Chess, Puzzles), By Distribution Channel(Specialty stores, Online Stores, Hypermarkets & Supermarkets, Other convenience stores), By Game Theme(Strategy & War, Educational, Fantasy Games, Sports), By Region - Industry Forecast 2024-2031


Report ID: SQMIG25J2057 | Region: Global | Published Date: July, 2001
Pages: 165 | Tables: 99 | Figures: 76

Board Games Market Insights

Board Games Market size was valued at USD 15.53 billion in 2019 and is poised to grow from USD 16.99 billion in 2023 to USD 34.35 billion by 2031, growing at a CAGR of 9.2% in the forecast period (2024-2031).

Board games have been popular since the past and have a legacy even in this age of digitization. Technically, board games has blocks and pieces to complete a game and offer a feeling of achievement to the player. The blocks and pieces of the game are placed on pre-marked physical board and include elements like table, card, and miniatures games. 

The increasing attention of parents on the analytical quality development of their children through various board games is the reason for the growth of the board games market. These games are very popular with adults and children all over the world. The children in the school commonly play a various strategy-based board game to build their analytical ability. 

Now-a-days the large income group of the population is likely to provide new opportunities in the board games market.

The time constraints of people across the globe have increased the demand for recreational products including board games. People tend to spend some quality and productive time with their family members which is driven by these board games. This in return has boosted the demand for board games for some years. And growing working from the home model and getting enough time to spend with the family will increase the demand for board games in the coming time period.

US Board Games Market is poised to grow at a sustainable CAGR for the next forcast year.

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FAQs

Board Games Market size was valued at USD 15.53 billion in 2019 and is poised to grow from USD 16.99 billion in 2023 to USD 34.35 billion by 2031, growing at a CAGR of 9.2% in the forecast period (2024-2031).

The Board Games market is relatively fragmented, with a high level of competition. Few large players, like WinGo, Buffalo Game LLC, and Kickstarter, now control the Board Games market in terms of market share. These Board Games industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their market share and profitability. 'Hasbro Inc.', 'Mattel Inc.', 'Ravensburger AG', 'Asmodee Group', 'Goliath Games LLC', 'Spin Master Corp.', 'University Games Corp.', 'PlayMonster LLC', 'Z-Man Games LLC', 'HABA - Habermaass GmbH', 'Fantasy Flight Games', 'Schmidt Spiele GmbH', 'CMON Limited', 'Days of Wonder', 'USAopoly Inc.', 'Kosmos Verlags-GmbH & Co. KG', 'IELLO', 'Czech Games Edition', 'Indie Boards and Cards', 'North Star Games'

The growing customer base and interest for board games around the world is led by e-commerce expansion and is one of the major driving factors for the board games industry. 

Increase Leisure Time: Strategy & war games are designed for game enthusiasts. As the shutdown of workplaces around the globe extends, the total leisure time has increased, which has led to increased adoption among residential users. 

In terms of revenue, North America dominates the Board Games Market in 2022 and is expected to grow at a rate of 11% CAGR for the forecast period. The US is the dominating region in North America all due to the impact of TV and other online media platforms. Europe is expected to register a CAGR of 6% during the forecast period. This growth is witnessed due to the growing demand for strategy-based games in the region of Germany, France, and the UK.

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Global Board Games Market

Report ID: SQMIG25J2057

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