how big is the board game industry

Posted December 11, 2020

The global playing cards and board games market size was valued at USD 11.95 billion in 2018 and is expected to expand at a CAGR of 8.7% over the forecast period. The economic impact of the gaming industry to the US GDP was over $11 billion in 2016 and that number is certain to grow for the foreseeable future. Crowd-sourcing for board games is a large facet of the market, with $176 million raised on Kickstarter in 2019 alone. To learn more about the business side of video game check out some of my other articles. The global games and puzzles market size was valued at USD 11.88 billion in 2019 and is projected to expand at a compound annual growth rate (CAGR) of 18.6% from 2020 to 2027. A 2001 estimate for the United States "board games and puzzle" market gave a value of under $400 million, and for United Kingdom, of … The independent board game sector, including games like Catan, has been the highest growth area of games and puzzles, according to Matthew Hudak, toys and games analyst for Euromonitor International. Board games are increasingly popular not only among teenagers but also adults. In that time I have become an expert in visual communication. Video games and Science. There is, however, a bright side to this issue. A 1991 estimate for the global board game market was over $1.2 billion. Companies must be on top of innovation, imagination, knowledge of the industry and continuously changing markets. A person would need to master one or more of the skills listed above to even have a chance at breaking into the field. In this report, the global BOARD GAMES market is valued at USD XX million in 2017 and is … Having experience as a freelancer and making your own independent games helps but you will still be up against and incredibly competitive field. Category: Sports and Leisure Industry Today | Subscribe to Sports and Leisure Industry Today Feed Published Wed, Jan 24th 2018. The largest category, collectible games, grew 14% from $550 million to $625 million, the lowest percentage growth of any category, but the second largest dollar growth. This chapter will be more technical than the previous ones, and will try to cover key aspects of the actual production of a board game : Once playtesting is done, once the game has been quoted, it will be manufactured. Dublin, Aug. 17, 2018 (GLOBE NEWSWIRE) -- The "Board Games Market in Europe - Industry Outlook and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.. The Royal Game of Ur, which has been around since as early as 2,600 BC, is the longest running board game followed by Backgammon, which became extremely popular in the 1960s. Just about everyone that has played video games as a kid dreamed of one day making their own games. This is a post about the players in a much bigger game: the board game industry itself. After getting. Bobby Owsinski Senior Contributor. The focus of this list to record the trends in the board games industry as far as the game play it concerns. It also profiles and analyzes the leading companies and various other prominent companies operating in the global board games market. Since then I have worked for many companies as well as being featured in Photoshop Magazine twice (Design Makeover). The Music Industry's Big Data Problem. Last August, the trade analysis magazine ICv2 estimated that the “hobby games” business in 2015 – that is, board and card games produced and sold for a dedicated “gamer” market, rather than toys – was worth $1.2bn in the US and Canada alone. This represents a compound annual growth rate (CAGR) of +8.1%, outstripping the previous year’s estimate due to the relentless growth of both … The "Board Games Market in Europe - Industry Outlook and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering. The study considers the present scenario of the global board games market and its market dynamics for the period 20182023. Many of the most popular Industry / Manufacturing games are Economic games … On Kickstarter, where independent designers can gauge interest … It is a highly competitive market. A, HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, "Board Games Market - Global Outlook and Forecast 2018-2023", https://www.researchandmarkets.com/research/nc2qgm/global_board?w=5. (212) 419-8286 The market research report provides in-depth market analysis and segmental analysis of the global board games market by product type, theme type, distributional channels, and geography. Try our corporate solution for free! Growing Number of Board Game Cafes Worldwide, Introduction of Board Games Supported with Mobile Apps, Focus on Enhancement of Gaming Experience, YOY Impact of Market Growth Enablers on Regions, Increasing Labor Cost and Cost Trade-offs, YOY Impact of Market Growth Restraints on Regions, Internet Shaping End-users' Purchasing Behavior, Growing Threat from Other Gaming Platforms, YOY Impact of Market Opportunities & Trends, YOY Impact of Market Opportunities & Trends on Regions, Asmode ditions (Group) in the Global Board Games Market. The good news is that the industry is continuing to grow and as it does more and more jobs will be available. There are thousands of companies developing and publishing games in all 50 states. Board Games Market is anticipated to reach USD XX.X BN by 2026 with a CAGR of 20%, this market report provides the growth, share & trends of the market based on in-depth research by industry experts. The global market value of board games, alternatively known as tabletop games, was estimated to be around 7.2 billion U.S. After the video game crash of 1982, many believed the short lived art of video games to be dead in the water, but the release of the original Super Mario Bros. on the the original NES single handedly revitalized the entire market. This report provides a detailed analysis of the market by product (tabletop, card and dice, and role-playing), distribution channel (offline and online), geography … The infographic below has a breakdown of the number of companies and jobs that are directly related to the video game industry in the US. Major Vendors in the Global Board Games Market, Prominent Players in the Global Board Games Market, Market Segmentation by Distribution Channel, 1 Research Methodology2 Research Objectives3 Research Process4 Report Coverage5 Report Assumptions & Caveats6 Market at a Glance7 Introduction8 Market Dynamics9 Value Chain Analysis10 Market Landscape11 Market By Product Type12 Market by Theme Type13 Market by Distribution Channel14 Market by Geographical Segmentation15 Europe: Board Games Market16 North America: Board Games Market17 APAC: Board Games Market18 Latin America: Board Games Market19 MEA: Board Games Market20 Competitive Landscape, For more information about this report visit https://www.researchandmarkets.com/research/nc2qgm/global_board?w=5, Research and Markets Laura Wood, Senior Manager [email protected]    For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716, Cision Distribution 888-776-0942 Alley Cat Games Big Potato Games Board Games Feature Kickstarter Osprey Games Warhammer The "Board Games Market - Global Outlook and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering. Industry / Manufacturing games encourage players to build, manage and/or operate tools and machinery in order to manufacture raw materials into goods and products. The study covers both the demand and supply sides of the market. By 2022, experts forecast the gaming industry will produce $196 billion in revenue. from 8 AM - 9 PM ET, Copyright © 2020 PR Newswire Association LLC. While the market remains minuscule compared to the $23.5 billion video game industry, sales of “hobby games” are up approximately 20% in 2015, according to one estimate. The technological development leads to high-quality products that are better in term of ease of usage, skillsets, and designs in the global market. The global board games market size is expected to reach values of over $12 billion by 2023, growing at a CAGR of more than 9% by 2017-2023. I graduated from VCU in 2003 with a BFA and I have been working as a designer ever since. The early 1980s saw the golden age of video arcade games reach its zenith. But with salaries averaging over $90,000 you can bet that competition will be fierce. The good news is that the industry is continuing to grow and as it does more and more jobs will be available. The global board games market is anticipated to reach values of more than $12 billion by 2023, growing at a CAGR of over 9% during 2017-2023. It covers a detailed overview of various market growth enablers, restraints, and trends. Which gaming companies will be on top in the next few years? After getting my start in the Washington D.C. area, I relocated to Kansas City in 2004 to be part of a growing art community. Considering that global games market revenues were $70.6 billion in 2012, this puts the 10-year CAGR for the market (2012-2021) at +11.0%. You may opt-out by. Increasing adoption of 3D printing to design innovative board games is expected to contribute to the industry growth significantly All Rights Reserved, This is a BETA experience. The "Global Board Games Market - Strategic Assessment and Forecast 2017-2022" report has been added to Research and Markets' offering. AddThis. Now I am putting that experience to work by creating info-graphics for subjects that I consider fun and exciting. Opinions expressed by Forbes Contributors are their own. part 1 : Printing, cardboard and cards. I am a freelance graphic designer living in the Kansas City area. Hobby board games, now firmly established as the second largest hobby game category, grew 56%, from $160 million in 2014 to $250 million … The global market size along with drivers and restraints are covered in the board games market report After working for various companies and clients I have gained over a decade of experience. We will have to wait and see. It’s time to talk about your potential customers, the eight powerful groups in the board game industry… © 2020 Forbes Media LLC. Combined with the increased prevalence of tabletop game companion apps, it would appear that the video game and board game … The U.K. game industry contributed $3.9 billion in GVA to the U.K. economy in 2016. The global board games market is driven by low-end priced games offered by local vendors that add revenue to the market owing to their lower prices. Maintaining a double-digit growth rate for 10 years is truly remarkable; it would be an accomplishment for a single company, let alone an industry that has been around … The total sales of arcade video game machines in North America increased significantly during this period, from $50 million in 1978 to $900 million by 1981, with the arcade video game industry's revenue in North America tripling to $2.8 billion in 1980. Board games Production. And the gaming market is only growing. The global board games market size is expected to reach values of over $12 billion by 2023, growing at a CAGR of more than 9% by 2017-2023. Game stores have open game nights where families and friends can grab tables and play from a library of titles. Asmodee Editions, a French games publisher that started its journey in the board games industry in 1995 with a few games including Jungle Speed, Wooly Bully, and The Werewolves of Miller’s Hollow has grown into one of the top board games … The global gaming market was valued at USD 151.55 billion in 2019 and is expected to reach a value of USD 256.97 billion by 2025, registering a CAGR of 9.17% over the forecast period (2020 – 2025). The board games market size has the potential to grow by USD 5.81 billion during 2020-2024, and the market’s growth momentum will decelerate at a CAGR of over 15%. Your Tags: Add tags. Video games are a multi-billion dollar industry in the United States. The British board game industry is going from strength to strength, with more people coming to the hobby every day. Top 5 Board Game Manufacturers in the World 2019 Asmodée Editions. The Business Of Video Games: How Much Is Being spent And Why [Infographic], The Business Of Video Games: Who Is Playing Games In The US [Infographic], I am a freelance graphic designer living in the Kansas City area. Board game cafes are cropping up where people can grab lattes, snacks, wine, … The increasing importance of building team spirit through traditional tabletop games is a key factor driving growth. In the past I have used my expertise to create visual brands, marketing materials, catalogs, magazines, brochures, posters, T-shirts and more, all to help communicate a variety of ideas about products, concepts, and companies messages. Sales of hobby games in the U.S. and Canada topped $1.5 billion for the first time in 2017, reaching $1.55 billion, according to a new estimate compiled by ICv2 and reported in Internal Correspondence #94. This is not a post about what you need to do, think, or spend to make a game, nor is it a post about board games themselves. All Rights Reserved. The 2014 Global Games Market Report by Newzoo shows the international games market will rocket past the $100 Billion mark in the next three years to reach $102.9 Billion by 2017. Who knows, if it weren’t for Nintendo, the gaming industry might not be alive today. By 1981, the arcade video game industry … There hasn’t been a better time to be a tabletop gamer in the UK. The genre of Mancala games came around in 700 AD, but this was played in its earliest form by the Egyptians in 1400 BC. These companies are able to compete in a world market by utilizing continuous innovation and highly skilled/educated workers. In order to work in the industry, workers must have advanced training in skills like computer graphics, animation, software design, or programming just to name a few. EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change, Michigan Economic Development Corporation With Forbes Insights. Global BOARD GAMES Industry Global Market Trends, Share, Size and 2022 Forecast Report. Feel free to add a game that follows the trend that you have noticed and you want to discuss and write your thoughts about !!! The board game community has a strong community presence as well, and perhaps stronger than most industries. Rising preference of millennials for old school … I graduated from VCU in 2003 with a BFA and I have been working as a designer ever since. But getting a job in this industry can be very difficult. Both the demand and supply sides of the market, Size and 2022 Forecast report leading and... 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