Board Games Market by Product, Distribution Channel, and Geography - Forecast and Analysis 2020-2024

  • Published: Dec 2020
  • Pages: 120
  • SKU: IRTNTR40559

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The board games market size has the potential to grow by USD 2.15 billion during 2020-2024, and the market’s growth momentum will accelerate at a CAGR of 6.64%. 

This report provides a detailed analysis of the market by product (tabletop, card and dice, and role-playing), distribution channel (offline and online), geography (APAC, Europe, MEA, North America, and South America), and key vendors. 

Board Games Market Analysis

Board Games Market Analysis

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Board Games Market Segmentation by Product

The rising adoption of board games in game bars and cafes and the growing influence of gaming specialists and social media influencers are driving the growth of the tabletop board games market segment. Game bars and cafes provide gamers with an opportunity to play a wide range of tabletop board games at a nominal fee, and they have proven instrumental in raising awareness about new and innovative board game offerings.     

This report provides an accurate prediction of the contribution of all the segments to the growth of the board games market size. Fetch actionable market insights on post COVID19 impact on each segment.   

Board Games Market Segmentation by Product

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Board Games Market Segmentation by Geography

30% of the market’s growth will originate from North America during the forecast period. The US is a key market for board games market in North America. However, market growth in this region will be slower than the growth of the market in APAC and South America.

Improvements in gameplay design and storyboarding is one of the prime factors that will facilitate the board games market growth in Europe over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report. 

Board Games Market Segmentation by Geography

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Market Competitive Analysis

The report analyzes the market’s competitive landscape and offers information on several market vendors, including: 

  • Asmodee Holding
  • Atlas Games
  • Clementoni Spa
  • CMON Ltd.
  • Goliath Games LLC
  • Hasbro Inc.
  • Mattel Inc.
  • PD-Verlag
  • Ravensburger AG
  • Thames & Kosmos

The board games market is fragmented and the vendors are deploying growth strategies such as product differentiation to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

The market players are also significantly leveraging external market drivers such as rapid improvements in gameplay to achieve growth opportunities. However, factors such as threat from alternate gaming platforms will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the board games market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies, 

This board games market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities. 

Board Games Market: Key Drivers and Trends

  • Rapid improvements in content and gameplays will have a significant impact on board games market growth.
  • Advances achieved in content design and gameplay quality have allowed game developers to increasingly focus on developing story-driven board games and provide superior immersive experiences through ample detailing. 
  • Vendors are releasing revamped versions of legacy games with redesigned game tokens and extensive detailing.
  • Game developers have established licensing deals with popular movie and TV franchises to enable the development of story arcs and character updates in their board game offerings.
  • Such improvements in content and gameplay have boosted the growth of the board games market.
  • Crowdfunding platforms are increasingly becoming an important funding source in the board game market.
  • Kickstarter and Indiegogo are a few of the critical crowdfunding platforms that are enabling the vendors to seek funding for developing their game offerings.
  • The growing adoption of crowdfunded options in game development has helped open new avenues for independent game developers to pitch their products and provide more control over creations.
  • Exploding Kittens, Zombicide: Season 3, and Conan are some of the popular games that are already funded by crowdfunding websites.
  • The growing adoption of crowdfunding platforms among developers is expected to encourage more independent developers to foray into the game board market, thereby increasing the availability of innovative and advanced board games.

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Board Games Market Report

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Board Games Market: Key Highlights of the Report for 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive board games market growth during the next five years
  • Precise estimation of the board games market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the board games industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of board games market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The board games market growth will increase by $2149.08 million during 2019-2024.
The board games market is expected to grow at a CAGR of 6.64% during 2019-2024.
Technavio has segmented the board games market by product (Tabletop, Card and dice, and Role-playing) ,distribution channel (Offline and Online) , and geographic (Europe, North America, APAC, MEA, and South America).
Asmodee Holding, Atlas Games, Clementoni Spa, CMON Ltd., Franckh-Kosmos Verlags-GmbH & Co. KG, Hasbro Inc., Mattel Inc., PD-Verlag GmbH & Co. KG, Ravensburger Group, The Goliath Games LLC are a few of the key vendors in the board games market.
North America will register the highest growth rate of 29.77% among the other regions. Therefore, the board games market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
  • US
  • France
  • Germany
  • UK
  • China
The key factors driving the board games market growth are:
  • Rapid improvements in content and gameplay
The board games market vendors should focus on grabbing business opportunities from the tabletop segment as it accounted for the largest market share in the base year.

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