The latest market report published by Credence Research, Inc. “Global Board Game Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028. Unleash the Power of Play: Booming Board Games Market, with a steady growth rate of 9.50% CAGR from 2023 to 2030, this thriving global market is projected to soar from USD 16.2 billion in 2022 to a staggering USD 30.58 billion in 2030.
The report highlights the increased preference of millennials for old-fashioned games at social gatherings, as well as the rising popularity of playing cards and board games for leisure activities, as major contributors to the expected market growth.
Manufacturers have focused on the development of simple yet elegantly designed games with impressive artwork to capture consumer interest. The advent of board game cafes worldwide is also anticipated to positively impact the demand for board games.
Global events that introduce new games, such as the Game on Expo, are enhancing consumer awareness and likely to bolster sales in the board games market. The cognitive benefits of board games for children’s development, including early learning, vocabulary enhancement, and teamwork promotion, also contribute to the market’s growth trajectory.
Browse 250 pages report Board Game Market By Game type (Monopoly, Scrabble, Chess Others) By Age Group (0-2 Years, 2-5 Years, 5-12 Years, Above 12 Years) -Growth, Future Prospects & Competitive Analysis, 2016 – 2030)- https://www.credenceresearch.com/report/board-game-market
The report also underscores the growing influence of social media and celebrity endorsements in driving the demand for tabletop games. Furthermore, traditional card games are seeing a resurgence on mobile gaming platforms due to wider acceptance on social networks, prompting producers to develop digital versions of conventional card games.
Key players in the global board games market include Games Workshop Group PLC, NECA/WizKids LLC, IELLO USA LLC., Grey Fox Games, Disney, Buffalo Games, UNIVERSITY GAMES, Delan Service, LongPack Games, and Boda Games.
Board Game Market Recommendations, several key factors must be considered to ensure success in this ever-growing industry. Firstly, conducting thorough market research is crucial. Understanding consumer preferences and current trends will allow board game developers to create products that resonate with their target audience. Additionally, identifying gaps in the market can provide valuable opportunities for innovation and differentiation. Secondly, fostering strong relationships with distributors and retailers is essential for effective product distribution. Building a network of reliable partners who share a passion for board games will ensure wider availability and increased visibility for new releases. Furthermore, leveraging digital platforms such as Kickstarter or social media can effectively promote upcoming titles while engaging directly with potential customers.
Why to Buy This Report-
- The report provides a qualitative as well as quantitative analysis of the global Board Game Market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, the base year- 2021, and the projection period 2022-2028.
- The report includes information on the competitive landscape, such as how the market’s top competitors operate at the global, regional, and country levels.
- Major nations in each region with their import/export statistics
- The global Board Game Market report also includes the analysis of the market at a global, regional, and country-level along with key market trends, major players analysis, market growth strategies, and key application areas.
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