In-depth analysis and data-driven insights on the impact of COVID-19 included in this global board games market report.
The global board games market is expected to grow at a CAGR of approximately 13% during the period 2020−2026.
Key Highlights Offered in the Report:
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Board Games Market – Segmentation
Board Games Market by Product Type
Board Games Market by Theme
Board Games Market by Distribution Channel
Board Games Market – Dynamics
Since the market is driven by the entertainment value associated with the products, innovation in product portfolios is one of the crucial factors to sustain in the market. Consumer tendency to switch to different kinds of board games have significantly increased in the past five years. Although COVID-19 has increased the popularity of board games in the residential segment, the risk of replacement has also increased as millennials like to experiment with their conventional choices for better entrainment value. Thereby, focusing on innovative product development is vital to sustain in the market. The global board games market has witnessed the launch of a plethora of products in the past year. Owing to the growing customer base, it is vital to remain relevant in the market through product launches and offerings. Also, due to the presence of several small and independent vendors in the market, different kinds of board games are now available in the market. However, keeping customers entertained and connected determines the real success of board games today.
Key Drivers and Trends fueling Market Growth:
Board Games Market – Geography
COVID-19 outbreak has slowed down market growth in the North American region. In the first two quarters of 2020, the board games market incurred an overall loss of close of 15%. For instance, Hasbro, one of the leaders in the region, incurred 30% losses in the second quarter of 2020 alone in the US. Board game cafes have been severely affected due to the lockdown. More than 500 cafes across North America shutdown due to the COVID-19 lockdown. This has adversely impacted the retail-based board games market. However, the demand for board games has increased during the lockdown. Thus, revenue distribution in 2020 has seen significant ups and downs.
Board Games Market by Geography
Major Vendors
Other Prominent Vendors
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