Gaming Console Market by Type, Type of Gamer, and Geography - Forecast and Analysis 2021-2025

  • Published: Mar 2021
  • Pages: 120
  • SKU: IRTNTR70487
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The gaming console market has the potential to grow by USD 14.59 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 6.13%.

This gaming console market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by type (TV consoles and handheld consoles), type of gamer (casual gamers and hardcore gamers), and geography (APAC, North America, Europe, MEA, and South America). The gaming console market report also offers information on several market vendors, including Atari Inc, Dell Technologies Inc., Mad Catz Global Ltd., Mattel Inc., Microsoft Corp., Nintendo Co. Ltd., NVIDIA Corp., Razer Inc., Sony Corp., and Valve Corp. among others.

What will the Gaming Console Market Size be in 2021?

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Gaming Console Market: Key Drivers and Trends

The enhanced features of next-generation gaming consoles is notably driving the gaming console market growth, although factors such as low penetration of gaming consoles in the e-sports market may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the gaming console market industry get your FREE report sample now.

  • Despite the fact that an average gamer uses gaming consoles for nearly a decade, the next generation of gaming consoles is released every five years (on average). 
  • The major reason for this is the increased consumer demands as the consumers look forward to enriched audio and visual experience for gaming. 
  • The increasing disposable incomes have made the gamers able to afford high-end displays and TV sets. 
  • The HD displays, along with HDMI and wireless network compatibility, have increased the expectations of the gamers.
  • The add-ons have increased the availability of gaming as well.
  • One of the major factors influencing the growth of the global gaming console market is the paradigm shift in the demographics of the audience.
  • The market mainly consists of teenagers, but the number of adults using gaming consoles is increasing currently. 
  • The increase in the diversity of end-users has increased the target audience of gaming console vendors. 
  • The diversifying gaming population has encouraged the vendors to change their marketing strategies.
  • The penetration of gaming-specific peripherals is rapidly increasing, which is an indication of the changing lifestyle of gamers. 

This gaming console market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Gaming Console Market Vendors?

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

 

  • Atari Inc
  • Dell Technologies Inc.
  • Mad Catz Global Ltd.
  • Mattel Inc.
  • Microsoft Corp.
  • Nintendo Co. Ltd.
  • NVIDIA Corp.
  • Razer Inc.
  • Sony Corp.
  • Valve Corp.

 

The gaming console market is concentrated and the vendors are deploying growth strategies such as technological innovations to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 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 gaming console market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Gaming Console Market?

Gaming-Console-Market-Market-Share-by-Region-2020-2025

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46% of the market’s growth will originate from APAC during the forecast period. China is one of the key markets for gaming console market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The increasing penetration of e-sports in developing countries will facilitate the gaming console market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Type Segments in the Gaming Console Market?

Gaming-Console-Market-Market-Share-by-Type-2020-2025

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The TV gaming console segment is the leading segment in the global gaming console market. The technology advances are the best in the industry with the last generation of Sony and Microsoft consoles with an 8 GB RAM, which is compatible with Blu-ray video, HDMI, and digital outputs. The market segment is expected to exhibit a fast growth rate during the forecast period.

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the gaming console market size.

 

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What are the Key Factors Covered in this Gaming Console Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive gaming console market growth during the next five years
  • Precise estimation of the gaming console market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the gaming console industry across APAC, North America, Europe, MEA, 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 gaming console 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.

TechnavioINFORMATION 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
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TechnavioDATA 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
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TechnavioREPORT 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 gaming console market growth will increase by $14592.22 million during 2020-2025.
The gaming console market is expected to grow at a CAGR of 6.13% during 2020-2025.
Technavio has segmented the gaming console market by type (TV consoles and Handheld consoles) ,other1 (Casual gamers and Hardcore gamers) , and geographic (APAC, North America, Europe, MEA, and South America).
Atari Inc, Dell Technologies Inc., Mad Catz Global Ltd., Mattel Inc., Microsoft Corp., Nintendo Co. Ltd., NVIDIA Corp., Razer Inc., Sony Corp., Valve Corp. are a few of the key vendors in the gaming console market.
APAC will register the highest growth rate of 45.92% among the other regions. Therefore, the gaming console market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • US
  • China
  • South Korea (Republic of Korea)
  • Germany
  • UK
The key factors driving the gaming console market growth are:
  • Enhanced features of next-generation gaming consoles
  • Vendors are manufacturing multipurpose gaming consoles
The gaming console market vendors should focus on grabbing business opportunities from the tv consoles segment as it accounted for the largest market share in the base year.
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