Gaming Consoles Market size was valued at 52.19 Mn units in 2021 and the total revenue is expected to grow at 8.9 % through 2021 to 2029, reaching nearly 103.24 Mn units.
Gaming Consoles Market Overview
The Gaming Consoles Market is growing at faster with substantial growth rates over the previous few years and it is estimated that the market can grow considerably within the forecasted period i.e., 2021 to 2029. The report provides Gaming Consoles market drivers and restraints. The report helps in recognizing the drivers that are driving the market growth and discovering ways to use these drivers as strengths. Restraints can help you to identify characteristics that are restraining the market and help you identify them and decrease or improve them before they become an issue. Opportunities are created by external components like changes in the Gaming Consoles market, and new consumer trends
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Gaming Consoles Market Scope
The report provides the qualitative and qualitative analysis of the Gaming Consoles Market based on segmentation. The segments provided in the Gaming Consoles Market report are based on Gaming Consoles. The market segmentation helps to understand the Gaming Consoles structure easily. The regional insights highlight the use of Gaming Consoles in the regions with factors including drivers, restraints, challenges and opportunities affecting the growth of the markets. The report includes the competitive landscape, which provides detailed information on the position of key players in the Gaming Consoles with the partnerships, business growth and acquisitions.
Data was collected through Primary and Secondary research method from the Gaming Consoles market. Secondary research includes sources such as company annual reports, presentations, technical handbooks and technical articles. Primary data was collected through questionnaires and telephonic interviews conducted in the Gaming Consoles Market. Bottom-Up approach was used to estimate the Gaming Consoles market size and various segmentation. Porter’s five forces analysis is included in the report, to help understand the Gaming Consoles market through various perspectives.
Segmentation
By Product, Home consoles dominated the market segment with 70 % of market share and are expected to grow with a CAGR of 7.1% over the forecast year. Home consoles are easily connected to all the display devices and have customized components to reduce power consumption and maximize space.
However, handheld consoles are expected to grow during the forecast period with superior portability and lower cost.
Gaming Consoles MarketBy End Use, the Residential segment dominated the market with a 66% share in 2021. Due to the increasing popularity of playing video games at home and pandemic forcing people to stay at home and resulted in a substantial number of individuals opting for gaming consoles for entertainment purposes. Advanced graphics and improved content are factors driving the market growth.
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Key Players
• Nintendo Co., Ltd.
• Sony Corporation
• Microsoft
• Atari, Inc.
• Hyperkin, Inc.
• Razer Inc.
• NVIDIA Corporation
• Valve Corp.
• Dell Technologies
• Wii
• Turtle Beach
• Corsair Components Inc.
• Cooler Master Co. Ltd
• HyperX
• Republic Of Gamers
• SteelSeries
• Reddragon
• Mad Catz Global Ltd.
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Regional Analysis
Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America are the five regions that make up the Gaming Consoles market. The regional analysis provided in our report helps you understand the Gaming Consoles market in different regions. Every region has different factors such as political, geographic, economic, etc. which are affecting the Gaming Consoles market. Local and regional development plans are often affected by the performance of Gaming Consoles market. The reports help in planning the market strategies which are suitable and appropriately applicable according to specific countries and regions in the Gaming Consoles market.
Key Questions answered in the Gaming Consoles Market Report are:
- What is Gaming Consoles?
- What was the Gaming Consolesmarket size in 2021?
- What is the expected Gaming Consolesmarket size by 2029?
- What is the growth rate of the Gaming ConsolesMarket?
- Which are the factors expected to drive the Gaming Consolesmarket growth?
- Which segment dominated the Gaming Consolesmarket growth?
- What is the demand pattern for the Gaming Consolesmarket?
- Which region held the largest share in the Gaming Consolesmarket?
- Who are the key players in the Gaming Consolesmarket?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Gaming Consoles
- Landscape- Leading key players and other prominent key players.
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