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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

The proliferating demand for board games is attributed to their ability to provide a tangible and tactile gaming experience that digital platforms often lack. In a world overwhelmed with screens and virtual interactions, board games provide a refreshing alternative that encourages face-to-face socialization and nurtures meaningful connections.

For instance, in May 2023, NorthStar Gaming Holdings Inc. bought Slapshot Media Inc., a Canadian iGaming marketing and managed services firm. This purchase agreement is complementary to NorthStar's online casino and sportsbook portfolio. This acquisition exhibits the resurgence of interest in board games as a response to the digital age, where people seek opportunities for offline engagement and unplugged entertainment. This desire for analog experiences, associated with the nostalgic appeal of conventional gaming, aids the thriving popularity of board games among people.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

Board games market size was USD 12.24 billion in 2023 and is expected to register 4.5% CAGR from 2024-2032 owing to the rising focus on social bonding and leisure.

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.