PUBLISHER: Acute Market Reports | PRODUCT CODE: 1133552
PUBLISHER: Acute Market Reports | PRODUCT CODE: 1133552
Home Console Market - Growth, Future Prospects and Competitive Analysis, 2022 - 2030
Technological Advancements and Growing Popularity of Video Games in Young Adults is Driving the Home Console Market
Globally, the home console market is expected to grow with a CAGR of 4.2% during the forecast period from 2022 to 2030. The growth of the market is driven by increasing technological advancement in the gaming consoles. The integration of the advance audio visual systems has led to the development of myriad new avenues for the growth of the consoles market. Furthermore, the advent of the augmented reality and virtual reality is also serving as a major driver for the growth of the console market across the globe.
The increasing competition among the market players is also acting as major force propelling the growth of the home console market. As the competition among the market players is rising, the organizations are investing heavily in the research and development activities and to gain an edge over competitors. The players are constantly launching new products with new and advance features to attract the customer. This is accelerating the demand for the home console market across the globe. However, the emergence of the cloud gaming and game streaming service is presenting significant threat to the growth of the consoles market.
PC Game Console is Dominating the Home Console Market
The home console market is segmented based on the product into TV game console, PC game console, handheld console and others. PC game console accounted for more than 35% share in the home console market in 2020. The widespread adoption of the PC gaming across the globe is acting as a major force driving the demand for the PC console. Furthermore, the relatively low cost of the PC game console as compared to the TV game console is supporting the growth of the PC consoles market.
Asia Pacific is Leading the Home Console Market
Asia Pacific led the home console market with over 30% share in revenue in 2021. The market is driven by the large scale adoption of the gaming across the region. Asia Pacific accounts for more than 40% of the gaming population across the globe. South Korea and China are one of the major countries in terms of number of professional gamers and total number of gamers worldwide. However, the growing adoption of the mobile gaming is hindering the growth of the home console market in the region.
The prominent players in the home console market are Amstrad/Sky, Apple/Bandai, Atari, Coleco, INTV Corporation, Logitech, Mad Catz, Magnavox, Microsoft Corporation, NEC Home Electronics, Nintendo Co Ltd, OUYA, Sega and Sony Computers Entertainment Inc.
Historical & Forecast Period
This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Home Console market are as follows:
Research and development budgets of manufacturers and government spending
Revenues of key companies in the market segment
Number of end users and consumption volume, price and value.
Geographical revenues generate by countries considered in the report
Micro and macro environment factors that are currently influencing the Home Console market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
ATTRIBUTE DETAILS
Research Period 2020-2030
Base Year 2021
Forecast Period 2022-2030
Historical Year 2020
Unit USD Million
Segmentation
Product
TV Gaming Console
PC Gaming Console
Handheld Console
Others
Age Group
12-18 Years Old
19-23 Years Old
24-30 Years Old
31-40 Years Old
41-50 Years Old
>50 Years Old
Region Segment (2020-2030; US$ Million)
North America
U.S.
Canada
Rest of North America
UK and European Union
UK
Germany
Spain
Italy
France
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
GCC
Africa
Rest of Middle East and Africa
Global Impact of Covid-19 Segment (2020-2021; US$ Million )
Pre Covid-19 situation
Post Covid-19 situation
Key questions answered in this report:
What are the key micro and macro environmental factors that are impacting the growth of Home Console market?
What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
Estimated forecast and market projections up to 2030.
Which segment accounts for the fastest CAGR during the forecast period?
Which market segment holds a larger market share and why?
Are low and middle-income economies investing in the Home Console market?
Which is the largest regional market for Home Console market?
What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
Which are the key trends driving Home Console market growth?
Who are the key competitors and what are their key strategies to enhance their market presence in the Home Console market worldwide?
Table of Contents
1. Preface
- 1.1. Report Description
- 1.1.1. Purpose of the Report
- 1.1.2. Target Audience
- 1.1.3. Key Offerings
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.3.1. Phase I - Secondary Research
- 1.3.2. Phase II - Primary Research
- 1.3.3. Phase III - Expert Panel Review
- 1.3.4. Assumptions
- 1.3.5. Approach Adopted
2. Executive Summary
- 2.1. Market Snapshot: Global Home Console Market
- 2.2. Global Home Console Market, By Product, 2021 (US$ Million)
- 2.3. Global Home Console Market, By Age Group, 2021 (US$ Million)
- 2.4. Global Home Console Market, By Geography, 2021 (US$ Million)
- 2.5. Impact of Covid 19
- 2.6. Attractive Investment Proposition by Geography, 2021
- 2.7. Competitive Analysis
- 2.7.1. Market Positioning of Key Home Console Market Vendors
- 2.7.2. Strategies Adopted by Home Console Market Vendors
- 2.7.3. Key Industry Strategies
3. Home Console Market: Business Outlook & Market Dynamics
- 3.1. Introduction
- 3.2. Global Home Console Market Value, 2020 - 2030, (US$ Million)
- 3.3. Market Dynamics
- 3.3.1. Market Drivers
- 3.3.2. Market Restraints
- 3.3.3. Key Challenges
- 3.3.4. Key Opportunities
- 3.4. Impact Analysis of Drivers and Restraints
- 3.5. See-Saw Analysis
- 3.6. Porter's Five Force Model
- 3.6.1. Supplier Power
- 3.6.2. Buyer Power
- 3.6.3. Threat Of Substitutes
- 3.6.4. Threat Of New Entrants
- 3.6.5. Competitive Rivalry
- 3.7. PESTEL Analysis
- 3.7.1. Political Landscape
- 3.7.2. Economic Landscape
- 3.7.3. Technology Landscape
- 3.7.4. Legal Landscape
- 3.7.5. Social Landscape
4. Home Console Market: By Product, 2020-2030, USD (Million)
- 4.1. Market Overview
- 4.2. Growth & Revenue Analysis: 2021 Versus 2030
- 4.3. Market Segmentation
- 4.3.1. TV Gaming Console
- 4.3.2. PC Gaming Console
- 4.3.3. Handheld Console
- 4.3.4. Others
5. Home Console Market: By Age Group, 2020-2030, USD (Million)
- 5.1. Market Overview
- 5.2. Growth & Revenue Analysis: 2021 Versus 2030
- 5.3. Market Segmentation
- 5.3.1. 12-18 Years Old
- 5.3.2. 19-23 Years Old
- 5.3.3. 24-30 Years Old
- 5.3.4. 31-40 Years Old
- 5.3.5. 41-50 Years Old
- 5.3.6. >50 Years Old
6. North America Home Console Market, 2020-2030, USD (Million)
- 6.1. Market Overview
- 6.2. Home Console Market: By Product, 2020-2030, USD (Million)
- 6.3. Home Console Market: By Age Group, 2020-2030, USD (Million)
- 6.4.Home Console Market: By Region, 2020-2030, USD (Million)
- 6.4.1.North America
- 6.4.1.1. U.S.
- 6.4.1.2. Canada
- 6.4.1.3. Rest of North America
- 6.4.1.North America
7. UK and European Union Home Console Market, 2020-2030, USD (Million)
- 7.1. Market Overview
- 7.2. Home Console Market: By Product, 2020-2030, USD (Million)
- 7.3. Home Console Market: By Age Group, 2020-2030, USD (Million)
- 7.4.Home Console Market: By Region, 2020-2030, USD (Million)
- 7.4.1.UK and European Union
- 7.4.1.1. UK
- 7.4.1.2. Germany
- 7.4.1.3. Spain
- 7.4.1.4. Italy
- 7.4.1.5. France
- 7.4.1.6. Rest of Europe
- 7.4.1.UK and European Union
8. Asia Pacific Home Console Market, 2020-2030, USD (Million)
- 8.1. Market Overview
- 8.2. Home Console Market: By Product, 2020-2030, USD (Million)
- 8.3. Home Console Market: By Age Group, 2020-2030, USD (Million)
- 8.4.Home Console Market: By Region, 2020-2030, USD (Million)
- 8.4.1.Asia Pacific
- 8.4.1.1. China
- 8.4.1.2. Japan
- 8.4.1.3. India
- 8.4.1.4. Australia
- 8.4.1.5. South Korea
- 8.4.1.6. Rest of Asia Pacific
- 8.4.1.Asia Pacific
9. Latin America Home Console Market, 2020-2030, USD (Million)
- 9.1. Market Overview
- 9.2. Home Console Market: By Product, 2020-2030, USD (Million)
- 9.3. Home Console Market: By Age Group, 2020-2030, USD (Million)
- 9.4.Home Console Market: By Region, 2020-2030, USD (Million)
- 9.4.1.Latin America
- 9.4.1.1. Brazil
- 9.4.1.2. Mexico
- 9.4.1.3. Rest of Latin America
- 9.4.1.Latin America
10. Middle East and Africa Home Console Market, 2020-2030, USD (Million)
- 10.1. Market Overview
- 10.2. Home Console Market: By Product, 2020-2030, USD (Million)
- 10.3. Home Console Market: By Age Group, 2020-2030, USD (Million)
- 10.4.Home Console Market: By Region, 2020-2030, USD (Million)
- 10.4.1.Middle East and Africa
- 10.4.1.1. GCC
- 10.4.1.2. Africa
- 10.4.1.3. Rest of Middle East and Africa
- 10.4.1.Middle East and Africa
11. Company Profile
- 11.1. Amstrad/Sky
- 11.1.1. Company Overview
- 11.1.2. Financial Performance
- 11.1.3. Product Portfolio
- 11.1.4. Strategic Initiatives
- 11.2. Apple/Bandai
- 11.2.1. Company Overview
- 11.2.2. Financial Performance
- 11.2.3. Product Portfolio
- 11.2.4. Strategic Initiatives
- 11.3. Atari
- 11.3.1. Company Overview
- 11.3.2. Financial Performance
- 11.3.3. Product Portfolio
- 11.3.4. Strategic Initiatives
- 11.4. Coleco
- 11.4.1. Company Overview
- 11.4.2. Financial Performance
- 11.4.3. Product Portfolio
- 11.4.4. Strategic Initiatives
- 11.5. INTV Corporation
- 11.5.1. Company Overview
- 11.5.2. Financial Performance
- 11.5.3. Product Portfolio
- 11.5.4. Strategic Initiatives
- 11.6. Logitech
- 11.6.1. Company Overview
- 11.6.2. Financial Performance
- 11.6.3. Product Portfolio
- 11.6.4. Strategic Initiatives
- 11.7. Mad Catz
- 11.7.1. Company Overview
- 11.7.2. Financial Performance
- 11.7.3. Product Portfolio
- 11.7.4. Strategic Initiatives
- 11.8. Magnavox
- 11.8.1. Company Overview
- 11.8.2. Financial Performance
- 11.8.3. Product Portfolio
- 11.8.4. Strategic Initiatives
- 11.9. Microsoft Corporation
- 11.9.1. Company Overview
- 11.9.2. Financial Performance
- 11.9.3. Product Portfolio
- 11.9.4. Strategic Initiatives
- 11.10. NEC Home Electronics
- 11.10.1. Company Overview
- 11.10.2. Financial Performance
- 11.10.3. Product Portfolio
- 11.10.4. Strategic Initiatives
- 11.11. Nintendo Co. Ltd.
- 11.11.1. Company Overview
- 11.11.2. Financial Performance
- 11.11.3. Product Portfolio
- 11.11.4. Strategic Initiatives
- 11.12. OUYA
- 11.12.1. Company Overview
- 11.12.2. Financial Performance
- 11.12.3. Product Portfolio
- 11.12.4. Strategic Initiatives
- 11.13. Sega
- 11.13.1. Company Overview
- 11.13.2. Financial Performance
- 11.13.3. Product Portfolio
- 11.13.4. Strategic Initiatives
- 11.14. Sony Corporation
- 11.14.1. Company Overview
- 11.14.2. Financial Performance
- 11.14.3. Product Portfolio
- 11.14.4. Strategic Initiatives
List of Tables
- TABLE 1 Global Home Console Market By Product, 2020-2030, USD (Million)
- TABLE 2 Global Home Console Market By Age Group, 2020-2030, USD (Million)
- TABLE 3 North America Home Console Market By Product, 2020-2030, USD (Million)
- TABLE 4 North America Home Console Market By Age Group, 2020-2030, USD (Million)
- TABLE 5 UK and European Union Home Console Market By Product, 2020-2030, USD (Million)
- TABLE 6 UK and European Union Home Console Market By Age Group, 2020-2030, USD (Million)
- TABLE 7 Asia Pacific Home Console Market By Product, 2020-2030, USD (Million)
- TABLE 8 Asia Pacific Home Console Market By Age Group, 2020-2030, USD (Million)
- TABLE 9 Latin America Home Console Market By Product, 2020-2030, USD (Million)
- TABLE 10 Latin America Home Console Market By Age Group, 2020-2030, USD (Million)
- TABLE 11 Middle East and Africa Home Console Market By Product, 2020-2030, USD (Million)
- TABLE 12 Middle East and Africa Home Console Market By Age Group, 2020-2030, USD (Million)
List of Figures
- FIG. 1 Global Home Console Market: Market Coverage
- FIG. 2 Research Methodology and Data Sources
- FIG. 3 Market Size Estimation - Top Down & Bottom-Up Approach
- FIG. 4 Global Home Console Market: Quality Assurance
- FIG. 5 Global Home Console Market, By Product, 2021
- FIG. 6 Global Home Console Market, By Age Group, 2021
- FIG. 7 Global Home Console Market, By Geography, 2021
- FIG. 8 Global Home Console Market, By Product, 2021 Vs 2030, %
- FIG. 9 Global Home Console Market, By Age Group, 2021 Vs 2030, %
- FIG. 10 U.S. Home Console Market (US$ Million), 2020 - 2030
- FIG. 11 Canada Home Console Market (US$ Million), 2020 - 2030
- FIG. 12 Rest of North America Home Console Market (US$ Million), 2020 - 2030
- FIG. 13 UK Home Console Market (US$ Million), 2020 - 2030
- FIG. 14 Germany Home Console Market (US$ Million), 2020 - 2030
- FIG. 15 Spain Home Console Market (US$ Million), 2020 - 2030
- FIG. 16 Italy Home Console Market (US$ Million), 2020 - 2030
- FIG. 17 France Home Console Market (US$ Million), 2020 - 2030
- FIG. 18 Rest of Europe Home Console Market (US$ Million), 2020 - 2030
- FIG. 19 China Home Console Market (US$ Million), 2020 - 2030
- FIG. 20 Japan Home Console Market (US$ Million), 2020 - 2030
- FIG. 21 India Home Console Market (US$ Million), 2020 - 2030
- FIG. 22 Australia Home Console Market (US$ Million), 2020 - 2030
- FIG. 23 South Korea Home Console Market (US$ Million), 2020 - 2030
- FIG. 24 Rest of Asia Home Console Market (US$ Million), 2020 - 2030
- FIG. 25 Brazil Home Console Market (US$ Million), 2020 - 2030
- FIG. 26 Mexico Home Console Market (US$ Million), 2020 - 2030
- FIG. 27 Rest of Latin America Home Console Market (US$ Million), 2020 - 2030
- FIG. 28 GCC Home Console Market (US$ Million), 2020 - 2030
- FIG. 29 Africa Home Console Market (US$ Million), 2020 - 2030
- FIG. 30 Rest of Middle East and Africa Home Console Market (US$ Million), 2020 - 2030
