Core Gaming Gear Market

The global market value of core gaming gear market was USD 46.3 billion in 2024 and is projected to grow at a CAGR of 6.7% during the forecast period. Increasing demand from professional gamers and hobbyists’ desire for high-end gaming gear is driving growth in the market. The rise of esports has significantly boosted the demand for high-performance gaming equipment.

Continuous technological advancements are propelling the gaming hardware market significantly. The growth of virtual reality and augmented reality gaming is driving the demand in the market. With an increasing number of mobile phones, mobile gaming has become significantly popular.

Growth Drivers

Due to the low impact of stringent regulations, the market is significantly influenced by technological advancements. The surge in demand for portable gaming accessories is driving growth in the market significantly. Increasing growth in mobile gaming culture is significantly driving the demand in the market. Innovations such as AI-enhanced graphics and high-refresh-rate displays have elevated the gaming experience. The growth of cloud gaming services and mobile gaming has created a demand for peripherals compatible with various devices.

In countries like India and China, supportive government policies for esports and gaming manufacturing have spurred market growth. Technological advancements within the gaming industry have been instrumental in shaping the trajectory of the market. The gaming accessories market is characterized by a high degree of innovation, with companies consistently striving to introduce cutting-edge technologies and features in their products.

Range of innovations has advanced sensor technologies in gaming mice, immersive haptic feedback in controllers, and high-quality audio enhancements in headsets. The competitive landscape drives continuous improvements as manufacturers compete to offer unique and superior functionalities.

The pandemic has significantly contributed to the market growth, and post-pandemic the market has witnessed steady growth.

Segmentation

Core Gaming Gear Market by Product Type Segmentation

·         Gaming Chairs

·         Controllers

·         Headsets and Audio Equipment

·         Keyboards and Mouse

·         Others

 Core Gaming Gear Market by Platform Segmentation

·         Mobile

·         Console

·         PC Gaming

 Core Gaming Gear Market by Distribution Channel Segmentation

·         Specialty Stores

·         Online

·         Departmental Store

·         Others

By Region

·         Asia Pacific

·         North America

·         Latin America

·         Middle East and Africa

·         Europe

Core Gaming Gear Market by Product Type Segmentation

Based on product type, the core gaming market is segmented into gaming chairs, controllers,

Headsets and Audio Equipment, Keyboards and Mice, and Others. Keyboards and mice are the leading market segment due to their requirement for every PC gamer. A broad price range makes them accessible to all.

Lucrative offers by popular brands like Razer, Logitech, and SteelSeries are driving growth significantly in the market. Headsets and audio equipment are essential for online/multiplayer games for communication and immersion. Gaming chairs are also witnessing moderate growth in the market because they are considered a lifestyle product rather than essential gear. Growing popularity with streamers and content creators is driving the demand in the market significantly.

 Core Gaming Gear Market by Distribution Channel Segmentation

The core gaming gear market is segmented into specialty stores, online, department stores, and others. Specialty stores are the leading segment in the market because of the wide variety of gaming accessories related to esports and online games available there. Specialty stores create an environment where users easily find the required accessories at low, affordable costs. The infrastructure of these stores closely resembles the gaming culture, fostering a sense of excitement. Overall shopping experience for the consumers becomes more joyous and memorable.

Core Gaming Gear Market by Platform Segmentation

Based on the platform, the core gaming gear market is segmented into mobile, console, and PC gaming. PC gaming is the largest market segment and is expected to dominate during the forecast period. PCs allow users to build their gaming setups according to their preferences and requirements. PCs allow flexibility to extend to gaming accessories such as keyboards, mice, headsets, and monitors.

Technological advancements in the market are the key reason behind the growth in the market. Mobiles are also witnessing significant growth due to high penetration and accessibility. Unlike PCs or consoles, no other hardware is needed in the case of smartphones. Modern smartphones feature powerful GPUs, high refresh rate displays, and GPS connectivity. Most mobile core games are free-to-play models with in-app purchases or ads. Many core games now offer cross-play and integrate with cloud gaming services.

Regional Outlook

Based on the regions, the Core Gaming Gear Market is analyzed into 5 types: Asia-Pacific, North America, Latin America, the Middle East and Africa, and Europe. The Asia Pacific region is the leading segment in the world due to the largest number of gamers globally in countries such as China, India, South Korea, Japan, and Singapore. China, due to its largest population in the world, is witnessing significant market growth.

Countries like China and South Korea are global esports powerhouses, with heavy investments in infrastructure and tournaments. This demands high-end gaming gear like mechanical keyboards, precision mice, and premium headsets. The region is leading in mobile and cloud gaming, prompting a shift in consumer preferences towards versatile peripherals. A young and sports-enthusiastic population with increasing disposable income and increased internet and smartphone penetration is driving the demand in the market significantly.

The North American region is witnessing steady growth during the forecast period due to the region boasting a large and diverse community of gamers, from casual players to professional enthusiasts.  The widespread popularity of gaming as a form of entertainment has driven the market growth significantly. The United States of America and Canada are witnessing growth during the forecast period. North America is the hub of key market players.

The European region is witnessing significant growth due to rising disposable income, and expanding internet infrastructure. Countries like Germany, France, Spain, The UK, Russia, and Sweden are witnessing significant growth due to the increasing number of sports enthusiasts. The MEA gaming market is propelled by smartphone adoption, high-speed internet, and rising disposable income. Countries like Saudi Arabia, The UAE, and South Africa are the big markets due to the increasing number of sports enthusiasts, and several gaming communities and universities are promoting and organizing various sports events in the region.

Key Players

·         Logitech G

·         Razer Inc.

·         Corsair

·         SteelSeries

·         HyperX

·         Thrustmaster

·         Turtle Beach

·         ASUS

·         Xbox

·         Micro-Star INT'L CO., LTD.

·         Other Players