China Playing Cards & Board Games Market (Covid-19 update) 2020 | Deep analysis of the Market With Top Key Players and Future Forecasts To 2022
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Playing cards are very popular and common products known by every age of person from child to adults. These are flat, rectangular pieces of layered pasteboard typically used for playing a variety of games of skill or chance. There are different types and variety of playing cards available in the market but the principle of all is that 52 cards are divided into four categories of 13 leaves--Spade, Heart, Diamond, and Club. They are used by kids, juvenile, and adults for leisure & recreational purpose. They are mostly used for gambling and hence have high demand across casinos, clubs, and other places. Blackjack, Bridge, Roulette, Sweeps, and Rummy are the popular games played in aforementioned places. Board games alternatively known as tabletop games are played using a board where pieces or counters are places and moved over the board. They also include cards and dice games. These games were traditionally played in their physical format using boards, cards, dice, and playing tokens. The China playing cards & board games market demand is also driven by factors such as rise in number of game bars & cafes, growth in popularity of such games in young population, and increase in number of crowdfunding platforms for designers & manufacturers. All of the above contribute to the China playing cards & board games market growth during the forecast period.
According to the China playing cards & board games market analysis, in 2018, the Tier 1 category of competition type segment was the highest contributor with 46.0% and is estimated to grow at a CAGR of 16.0% from 2018 to 2025. Tier 2 category is estimated to reach $650.7 million by 2025 with a CAGR of 17.3%. Tier 1 firms are the largest, wealthiest, and most experienced in the industry. These firms are exclusive and main players of the market. These companies take on major commercial projects as they have the expertise, resources, and finances to take on such large-scale projects. These companies are capable to adopt technological advancements for the development of innovative products and hence cover most of the market in terms of revenue and volume. However, the market players in the Tier 2 category are prominent players of industry collectively occupying the considerable share in the China playing cards & board games industry. These companies are capable enough for large-scale production. Adoption of strong marketing initiatives and the development of strong distribution network can help these companies to improve their hold in the China Playing cards & board games market share.
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The China playing cards & board games market is segmented on the basis of product type and competition type. By product type, the market is bifurcated into playing cards and board games. By competition type, it is studied across Tier 1, Tier 2, and Tier 3 companies.
The China playing cards & board games market report contains competitive landscape for manufacturers and also provides extensive list of importers of the U.S. and Europe from China. The key companies profiled in the China playing cards & board games market report are ShangHai YaoJi Playing Card Co.,Ltd., Shenzhen YHD Packaging Products Co., Ltd., Shenzhen ITIS Packaging Products Co., Ltd, Shenzhen Yahong Color Printing Co., Ltd., Zhejiang Chinu Packing & Printing Co., Ltd., Ningbo Charron Industry Co., Ltd., Shenzhen Swarm Playing Cards Co., Ltd. Yangzhou Jinyi Stationery Co., Ltd., Yangzhou Jumbay International Trading Co., Ltd., and Dongguan Bright Sea Industrial Co., Ltd.
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