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NEW YORK , Dec. 15, 2021 /PRNewswire/ -- Board games have become increasingly popular over the years with a large number of teen and adult gamers shifting from video games toward collectible card, strategy, and war-based board games. In addition, TV shows such as the Big Bang Theory have further increased the popularity of board games. The growing popularity of these games has been encouraging vendors in the market to invest in innovative product designs.
The sales of board games through online channels have also increased significantly. This can be attributed to the rising adoption of smartphones and the increased penetration of the internet. Besides, the convenience, multiple payment options, and easy return policies offered by e-commerce retailers are increasing the sales of board games through online distribution channels.
Key Board games Market Report Highlights:
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With 30% of the growth originating from North America , the market will record maximum growth in the region during 2020-2024.
The increasing number of game bars and cafes offering board games is driving the growth of the board games market in North America .
Apart from the proliferation of game bars and cafes, the two key reasons for the increasing board games market growth in North America are:
As a result of these factors, the demand for board games in North America is expected to increase during the forecast period.
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Key Vendors and Vendor Strategies
Asmodee Holding, Atlas Games, Clementoni Spa, CMON Ltd., and Goliath Games LLC are some of the key vendors listed in the board games market report.
The established players in the market are enjoying a competitive advantage through product differentiation and strong investment capabilities. This is driving other vendors in the market to focus on new product launches made of superior materials at competitive prices. Some vendors are focusing on expanding their presence by forming strategic alliances and acquiring other vendors. Here are examples of some vendors who were involved in M&A activities recently.
Download our free sample report to get a brief understanding about various other vendors and the vendors strategies.
Our analysts have extensively outlined the information on the key market drivers and their impact on the board games market.
To know about other market drivers, trends, and challenges. Download our free sample report
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Accelerate at a CAGR of almost 7%
Europe, North America, APAC, MEA, and South America
US, France, Germany, UK, and China
Leading companies, competitive strategies, consumer engagement scope
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, and The Goliath Games LLC
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period.
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