Global Board Games Market

Global Board Games Market Size, Share, Growth Analysis, By Game Type(Monopoly, Scrabble), By Distribution Channel(Specialty stores, Online Stores), By Game Theme(Strategy & War, Educational) - Industry Forecast 2024-2031

Report ID: SQMIG25J2057 | Region: Global | Published Date: February, 2024
Pages: 165 | Tables: 99 | Figures: 76

Global Board Games Market News

  • In May 2022, NetEase Inc. a Chinese leading internet and online service provider announced to update and renew its major 50 titles that are in high demand globally covering both pc and mobile game markets globally.
  • In May 2022, a US-based board game and entertainment company Mattel Inc, whose flagship product UNO cards entered a new category of gameplay and a collectible card with the launch of Wild Twists playing card game.
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Board Games Market size was valued at USD 15.53 billion in 2019 and is poised to grow from USD 16.99 billion in 2023 to USD 34.35 billion by 2031, growing at a CAGR of 9.2% in the forecast period (2024-2031).

The Board Games market is relatively fragmented, with a high level of competition. Few large players, like WinGo, Buffalo Game LLC, and Kickstarter, now control the Board Games market in terms of market share. These Board Games industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their market share and profitability. 'Hasbro Inc.', 'Mattel Inc.', 'Ravensburger AG', 'Asmodee Group', 'Goliath Games LLC', 'Spin Master Corp.', 'University Games Corp.', 'PlayMonster LLC', 'Z-Man Games LLC', 'HABA - Habermaass GmbH', 'Fantasy Flight Games', 'Schmidt Spiele GmbH', 'CMON Limited', 'Days of Wonder', 'USAopoly Inc.', 'Kosmos Verlags-GmbH & Co. KG', 'IELLO', 'Czech Games Edition', 'Indie Boards and Cards', 'North Star Games'

The growing customer base and interest for board games around the world is led by e-commerce expansion and is one of the major driving factors for the board games industry. 

Increase Leisure Time: Strategy & war games are designed for game enthusiasts. As the shutdown of workplaces around the globe extends, the total leisure time has increased, which has led to increased adoption among residential users. 

In terms of revenue, North America dominates the Board Games Market in 2022 and is expected to grow at a rate of 11% CAGR for the forecast period. The US is the dominating region in North America all due to the impact of TV and other online media platforms. Europe is expected to register a CAGR of 6% during the forecast period. This growth is witnessed due to the growing demand for strategy-based games in the region of Germany, France, and the UK.

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