Board Games Market Global Demand, Trends and Sales Revenue 2021 to 2030

The Global Board Games Market size is estimated to be USD 5.52 billion in 2019 and is predicted to reach USD 40.27 billion by 2030 with a CAGR of 19.8% from 2020-2030.

Board games have been played traditionally with the help of physical formats such as dice, board, playing tokens, cards, and more. They are nowadays being also translated into digital formats in the form of smartphone applications, console games, tabs, and computers.

Board games have specific set of rules, for instance, it has limited number of players, board space, movement and turn. These games are more chance based, however, winning require child’s continuous reasoning and decision-making ability. Unlike, video and computer-based games, these games require at least two or more than two players to play.

Game technology innovations such as the development of smartphone applications supporting such games have increased the board games popularity among several age groups.

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Top Companies: Asmadi Games, Grey Fox Games, Loony Labs, Panda GM, Rio Grande Games, The Haywire, Asmadi Games, Legendary Games, Walt Disney, North Star Games

Market Dynamics and Trends:

Over the years, board games have evolved with many new features, such as licensing Walt Disney characters of Star wars and Frozen that has been really popular among the kids. For example, life is one of the popular board game in the Americas. It has been upgraded with a new versions which uses electronic banking cards in place of cash. Also, increasing popularity of famous TV series like Game of Thrones, Sherlock Holmes, and more have added a new lease of life to the industry. Moreover, traditional Monopoly and Scrabble have adapted generously to cope with the changing market trends.

One of the advantage that board-based game have over video games is the high-value proposition for general population and investors. Increasing crowdfunding platforms for the game manufacturers is the prominent factor driving the market growth for board games.

The retail sales of the board games market have increased at a tremendous pace due to increasing disposable income in the developing regions of Asia Pacific and South America along with the large number of child and teenage population in these regions. These games aren’t only for the purpose of entertainment, many game modifications have been done in these games to improve child’s learning and thinking abilities. With the rise in purchasing power of the middle-income families continually on the rise the board-based game industry market has a positive future ahead.

The board games market continues to face stiff competition from digital games segment. However, markets along the board games have been stable due to various innovations in game types in the past three years. The Board Games market is highly fragmented with many local players present especially in the developing countries of China and India. Also, these local players copy the game type and idea from the prominent manufacturers. However, the quality of the game and graphics remain of low quality.

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Market Segmentations and Scope of the Study:

The global Board Games market share is analyzed on the basis of type, theme, age group, distribution channel and geography. On the basis of type (tabletop, card and dice, collectible card, miniature, RPGs) by theme (strategy and war games, educational games, fantasy games, sports games, and others), By age group (Up till 5 years, 5 to 7 years, 7 to 12, 12 and above) by distribution channel (supermarkets, hypermarkets, specialty stores and online). Geographical breakdown and in-depth analysis of each of the above mentioned segments is included for North America, Europe, Asia-Pacific, and Rest of the World.

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