Retail Sector To Dominate The Global Card And Board Games Market

Board games are played using a board which includes pieces or counters drawn on it that are moved over the board. The games include card and dice games. Board games are witnessing a high-value proposition for investors and overall population than any advanced video games. The increasing trend of translating these board games into digital forms is the major reason for the increasing adoption of these games.

The global card and board games market is growing significantly over the past few years and is expected to grow at the same rate over the coming years. The growth can be attributed to factors such as increasing number of board games; growth of organized retail sector; and increasing investments by the general population.

Furthermore, the growing number of cafés is helping companies attract a large number of consumers in the global board games market. These game bars and cafés are growing at a high rate and witnessing huge popularity across the globe over the past few years. The increasing disposable income is another key trend that is expected to fuel the market demand. For example, in the US, over 5,000 board games cafés were opened in 2016.

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Rapid Digitization Of Traditional Games To Drive The Market Towards a Positive Growth
The increasing penetration of apps based on board games is a key trend which is expected to impact the growth of the market. Moreover, increasing use of smartphones has surged the idea of developing applications-based board games. Playing a board game on a smartphone will not give the experience that a traditional board game offers and can become an option for playing board games rather than having a substitute. Growing advancements in technology has influenced game designers to include mobile applications as part of their gameplay. For instance, Galaxy Trucker, The Settlers of Catan, Elder Sign: Omens, and Exploding Kittens are some of its kind. The integration of the offline board games with mobile applications is likely to bridge the gap.

The Retail Sector To Be The Dominating Segment In The Global Market
The card and board games market is divided into two segments i.e., retail and online. However, the retail sector is dominating the market owing to increasing demand from the teen and adult population. Also, the growth of online board games has increased the gaming experience among several age groups. Moreover, with the increasing purchasing power of middle-class families, the sale of board games is likely to accelerate.

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North America To Dominate The Global Market
Geographically, North America occupied more than half of the total market share in 2017, in terms of revenue, andis growing at the most attractive CAGR. The growth is attributed to increasing popularity of these games in the region. Moreover, the introduction of product diversification by leading vendors is another major factor boosting the market growth. Moreover, the rising popularity of European strategy games such as the Settlers of Catan is gaining traction in the North America region. Furthermore, the growing demand for card and dice games is increasing among adults and teenagers, hence, boosting the demand in the global board games market.

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