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Board Games Market Size
- Report ID: GMI8187
- Published Date: Feb 2024
- Report Format: PDF
Board Games Market Size
Board Games Market size was valued at USD 12 billion in 2023 and is anticipated to register a CAGR of over 4.5% between 2024 and 2032. Board game designers are exploring diverse themes and mechanics, catering to a wide range of interests and preferences. This includes cooperative & competitive gameplay to thematic storytelling and strategy. Board games based on popular Intellectual Properties (IPs), such as movies, TV shows, and video games, continue to be popular. Licensed games leverage existing fan bases and offer familiar themes & characters, attracting both hardcore fans and newcomers to the hobby.
Escalating strategic moves by industry participants led to a proliferation of distinctive and niche board games that may not have been produced through traditional publishing routes, amplifying the board games industry. Quoting an instance, in April 2024, Goliath received Lucky Duck Games. The collaboration permits continued investment in modern strategy games while using Goliath's global supply network to reach a global audience.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Board Games Market Size in 2023: | USD 12.4 Billion |
| Forecast Period: | 2024 – 2032 |
| Forecast Period 2024 – 2032 CAGR: | 5.6% |
| 2024 – 2032 Value Projection: | USD 20.2 Billion |
| Historical Data for: | 2018 – 2023 |
| No. of Pages: | 183 |
| Tables, Charts & Figures: | 232 |
| Segments covered: | Product Type, Game Theme, Age Group, and Distribution Channel |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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The board games industry has seen an escalation in creativity and innovation, with developers constantly introducing novel and diverse games. This comprises educational games, strategy games, and thematic games that serve various age groups and interests, luring an array of consumers. The integration of digital elements into traditional board games and the availability of online platforms where people play board games virtually have thrust the growth of the board games market. This hybrid model caters to tech-savvy consumers and those who prefer the convenience of digital play without losing the essence of traditional board gaming. For instance, recently, researchers in California developed a board game to train people on wildfire safety. It is an experimental game that imitates a real-life wildfire evacuation scenario.
The advent of digital gaming, including mobile apps, video games, and online multiplayer games, poses a considerable obstacle to the board games industry. Digital gaming presents immersive experiences, convenience, and often lower prices than physical board games. This competition for leisure time and entertainment spending limits the growth of the market.
Frequently Asked Questions (FAQ) :
Board Games Market Scope
