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Board Games Market Trends

Report ID: GMI8187
Published Date: Feb 2024
Report Format: PDF

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Board Games Market Trends

Board games based on 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. Specialty board game stores, cafes, and bars are becoming more common, providing dedicated spaces for individuals to meet, play & purchase games. This trend reflects the growing demand for community-oriented gaming experiences. The interest in board games as a social activity has resurged, fueled by trends such as the rise of tabletop gaming cafes, board game conventions, and the popularity of board game-related content on platforms including YouTube & Twitch.

Additionally, board games are benefiting from cross-media promotion with tie-ins to popular movies, TV shows, video games, and books attracting new players, leading to market expansion. The market is experiencing significant growth globally, driven by the increasing demand in regions such as Asia Pacific and Latin America due to factors such as rising disposable incomes, urbanization, and growing awareness of board gaming as a recreational activity.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

Board games market size was USD 12 billion in 2023 and is expected to register over 4.5% CAGR from 2024-2032 owing to rising number of consumers seeking more social and offline activities, leading to increased interest in board games worldwide.

Board games industry from the monopoly segment reached USD 2.8 billion in 2023 and is expected to register an appreciable CAGR from 2024-2032 due to its iconic design, familiar gameplay mechanics, and enduring legacy making it a household favorite.

North America board games industry size recorded USD 3.6 billion in 2023 due to a strong presence of established publishers, enthusiastic gaming communities, and cultural acceptance of board gaming as a recreational activity in the region.

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, and Schmidt Spiele GmbH, are some of the major board games companies worldwide.