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PUBLISHER: KBV Research | PRODUCT CODE: 1457277
PUBLISHER: KBV Research | PRODUCT CODE: 1457277
North America Racing Simulator Market Size, Share & Trends Analysis Report By Offering (Hardware, and Software), By Simulator Type, By Vehicle Type, By Sales Channel, By Application, By Component, By Country and Growth Forecast, 2023 - 2030
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PAGES: 141 Pages
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The North America Racing Simulator Market would witness market growth of 14.6% CAGR during the forecast period (2023-2030).
The US market dominated the North America Racing Simulator Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $276 Million by 2030. The Canada market is experiencing a CAGR of 17.1% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 16.1% during (2023 - 2030).
The primary and most well-known use of racing simulators is in the gaming industry. For example, as per National Library of Medicine, the latest e-sports statistics reveal that the industry generated more than USD1 billion in sales in 2019. These simulators offer an immersive and realistic experience, allowing gamers to simulate high-speed races, compete against virtual opponents, and explore a variety of tracks and vehicles. The rise of esports has led to the establishment of virtual racing leagues and competitions. Racing simulators are the foundation for competitive esports events, attracting professional gamers and providing a platform for virtual racing tournaments.
Moreover, automotive manufacturers use racing simulators for virtual prototyping and testing of vehicle designs. Simulators allow engineers to assess and refine vehicle dynamics, aerodynamics, and performance characteristics before building physical prototypes, reducing development costs and time. Racing simulators provide a controlled environment to test and optimize individual vehicle components, from engines to suspension systems. This iterative testing process helps manufacturers fine-tune their vehicles for optimal performance.
According to the International Trade Administration, in 2022, there were more than 27 million e-commerce users in Canada or 75% of the population. This percentage is anticipated to reach 77.6% by 2025. Retail eCommerce sales in Canada are rising due to increased online shoppers. E-commerce sales were estimated to be around US$2.34 billion in March 2022. The integration of racing simulators with motorsports entertainment has contributed to the popularity of racing events in Mexico. Hence, the factors mentioned above will drive the regional market growth.
Based on Offering, the market is segmented into Hardware, and Software. Based on Simulator Type, the market is segmented into Compact/ Entry-Level Simulator, Medium-level Simulator, and Full-Scale Simulator. Based on Vehicle Type, the market is segmented into Passenger Car, and Commercial Vehicle. Based on Sales Channel, the market is segmented into Online, and Offline. Based on Application, the market is segmented into Home/Personal Use, and Commercial. Based on Component, the market is segmented into Steering Wheel, Pedal Sets, Monitor Stand, Cockpits, Seats, Gearbox Shifters, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- CXC Simulations
- D-BOX Technologies, Inc.
- Vesaro Limited
- Cruden B.V.
- ECA Group (Exail Technologies)
- Trak Racer
- Next Level Racing Simulations PTY LTD
- VI-grade GmbH (Spectris plc)
- Anthony Best Dynamics Limited
- Cranfield Aerospace Solutions
North America Racing Simulator Market Report Segmentation
By Offering
- Hardware
- Software
By Simulator Type
- Compact/ Entry-Level Simulator
- Medium-level Simulator
- Full-Scale Simulator
By Vehicle Type
- Passenger Car
- Commercial Vehicle
By Sales Channel
- Online
- Offline
By Application
- Home/Personal Use
- Commercial
By Component
- Steering Wheel
- Pedal Sets
- Monitor Stand
- Cockpits
- Seats
- Gearbox Shifters
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1.Market Scope & Methodology
- 1.1Market Definition
- 1.2Objectives
- 1.3Market Scope
- 1.4Segmentation
- 1.4.1North America Racing Simulator Market, by Offering
- 1.4.2North America Racing Simulator Market, by Simulator Type
- 1.4.3North America Racing Simulator Market, by Vehicle Type
- 1.4.4North America Racing Simulator Market, by Sales Channel
- 1.4.5North America Racing Simulator Market, by Application
- 1.4.6North America Racing Simulator Market, by Component
- 1.4.7North America Racing Simulator Market, by Country
- 1.5Methodology for the research
Chapter 2.Market at a Glance
- 2.1Key Highlights
Chapter 3.Market Overview
- 3.1Introduction
- 3.1.1Overview
- 3.1.1.1Market Composition and Scenario
- 3.1.1Overview
- 3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Opportunities
- 3.2.3Market Restraints
- 3.2.4Market Challenges
- 3.3Porter's Five Forces Analysis
Chapter 4.Recent Strategies Deployed in Racing Simulator Market
Chapter 5.North America Racing Simulator Market by Offering
- 5.1North America Hardware Market by Region
- 5.2North America Software Market by Region
Chapter 6.North America Racing Simulator Market by Simulator Type
- 6.1North America Compact/ Entry-Level Simulator Market by Country
- 6.2North America Medium-level Simulator Market by Country
- 6.3North America Full-Scale Simulator Market by Country
Chapter 7.North America Racing Simulator Market by Vehicle Type
- 7.1North America Passenger Car Market by Country
- 7.2North America Commercial Vehicle Market by Country
Chapter 8.North America Racing Simulator Market by Sales Channel
- 8.1North America Online Market by Country
- 8.2North America Offline Market by Country
Chapter 9.North America Racing Simulator Market by Application
- 9.1North America Home/Personal Use Market by Country
- 9.2North America Commercial Market by Country
Chapter 10.North America Racing Simulator Market by Component
- 10.1North America Steering Wheel Market by Country
- 10.2North America Pedal Sets Market by Country
- 10.3North America Monitor Stand Market by Country
- 10.4North America Cockpits Market by Country
- 10.5North America Seats Market by Country
- 10.6North America Gearbox Shifters Market by Country
- 10.7North America Others Market by Country
Chapter 11.North America Racing Simulator Market by Country
- 11.1US Racing Simulator Market
- 11.1.1US Racing Simulator Market by Offering
- 11.1.2US Racing Simulator Market by Simulator Type
- 11.1.3US Racing Simulator Market by Vehicle Type
- 11.1.4US Racing Simulator Market by Sales Channel
- 11.1.5US Racing Simulator Market by Application
- 11.1.6US Racing Simulator Market by Component
- 11.2Canada Racing Simulator Market
- 11.2.1Canada Racing Simulator Market by Offering
- 11.2.2Canada Racing Simulator Market by Simulator Type
- 11.2.3Canada Racing Simulator Market by Vehicle Type
- 11.2.4Canada Racing Simulator Market by Sales Channel
- 11.2.5Canada Racing Simulator Market by Application
- 11.2.6Canada Racing Simulator Market by Component
- 11.3Mexico Racing Simulator Market
- 11.3.1Mexico Racing Simulator Market by Offering
- 11.3.2Mexico Racing Simulator Market by Simulator Type
- 11.3.3Mexico Racing Simulator Market by Vehicle Type
- 11.3.4Mexico Racing Simulator Market by Sales Channel
- 11.3.5Mexico Racing Simulator Market by Application
- 11.3.6Mexico Racing Simulator Market by Component
- 11.4Rest of North America Racing Simulator Market
- 11.4.1Rest of North America Racing Simulator Market by Offering
- 11.4.2Rest of North America Racing Simulator Market by Simulator Type
- 11.4.3Rest of North America Racing Simulator Market by Vehicle Type
- 11.4.4Rest of North America Racing Simulator Market by Sales Channel
- 11.4.5Rest of North America Racing Simulator Market by Application
- 11.4.6Rest of North America Racing Simulator Market by Component
Chapter 12.Company Profiles
- 12.1CXC Simulations
- 12.1.1Company Overview
- 12.1.2SWOT Analysis
- 12.2D-BOX Technologies, Inc.
- 12.2.1Company Overview
- 12.2.2Financial Analysis
- 12.2.3Regional Analysis
- 12.2.4Research & Development Expenses
- 12.2.5Recent strategies and developments:
- 12.2.5.1Partnerships, Collaborations, and Agreements:
- 12.2.6SWOT Analysis
- 12.3Vesaro Limited
- 12.3.1Company Overview
- 12.3.2Recent strategies and developments:
- 12.3.2.1Partnerships, Collaborations, and Agreements:
- 12.3.3SWOT Analysis
- 12.4Cruden B.V.
- 12.4.1Company Overview
- 12.4.2Recent strategies and developments:
- 12.4.2.1Partnerships, Collaborations, and Agreements:
- 12.4.3SWOT Analysis
- 12.5ECA Group (Exail Technologies)
- 12.5.1Company Overview
- 12.5.2Financial Analysis
- 12.5.3Segmental and Regional Analysis
- 12.5.4Research & Development Expenses
- 12.5.5SWOT Analysis
- 12.6Trak Racer
- 12.6.1Company Overview
- 12.6.2SWOT Analysis
- 12.7Next Level Racing Simulations PTY LTD
- 12.7.1Company Overview
- 12.7.2Recent strategies and developments:
- 12.7.2.1Product Launches and Product Expansions:
- 12.7.3SWOT Analysis
- 12.8VI-grade GmbH (Spectris plc)
- 12.8.1Company Overview
- 12.8.2Financial Analysis
- 12.8.3Segmental and Regional Analysis
- 12.8.4Recent strategies and developments:
- 12.8.4.1Partnerships, Collaborations, and Agreements:
- 12.8.4.2Product Launches and Product Expansions:
- 12.8.5SWOT Analysis
- 12.9Anthony Best Dynamics Limited
- 12.9.1Company Overview
- 12.9.2Recent strategies and developments:
- 12.9.2.1Acquisition and Mergers:
- 12.9.3SWOT Analysis
- 12.10.Cranfield Aerospace Solutions
- 12.10.1Company Overview
- 12.10.2SWOT Analysis
LIST OF TABLES
- TABLE 1North America Racing Simulator Market, 2019 - 2022, USD Million
- TABLE 2North America Racing Simulator Market, 2023 - 2030, USD Million
- TABLE 3North America Racing Simulator Market by Offering, 2019 - 2022, USD Million
- TABLE 4North America Racing Simulator Market by Offering, 2023 - 2030, USD Million
- TABLE 5North America Hardware Market by Region, 2019 - 2022, USD Million
- TABLE 6North America Hardware Market by Region, 2023 - 2030, USD Million
- TABLE 7North America Software Market by Region, 2019 - 2022, USD Million
- TABLE 8North America Software Market by Region, 2023 - 2030, USD Million
- TABLE 9North America Racing Simulator Market by Simulator Type, 2019 - 2022, USD Million
- TABLE 10North America Racing Simulator Market by Simulator Type, 2023 - 2030, USD Million
- TABLE 11North America Compact/ Entry-Level Simulator Market by Country, 2019 - 2022, USD Million
- TABLE 12North America Compact/ Entry-Level Simulator Market by Country, 2023 - 2030, USD Million
- TABLE 13North America Medium-level Simulator Market by Country, 2019 - 2022, USD Million
- TABLE 14North America Medium-level Simulator Market by Country, 2023 - 2030, USD Million
- TABLE 15North America Full-Scale Simulator Market by Country, 2019 - 2022, USD Million
- TABLE 16North America Full-Scale Simulator Market by Country, 2023 - 2030, USD Million
- TABLE 17North America Racing Simulator Market by Vehicle Type, 2019 - 2022, USD Million
- TABLE 18North America Racing Simulator Market by Vehicle Type, 2023 - 2030, USD Million
- TABLE 19North America Passenger Car Market by Country, 2019 - 2022, USD Million
- TABLE 20North America Passenger Car Market by Country, 2023 - 2030, USD Million
- TABLE 21North America Commercial Vehicle Market by Country, 2019 - 2022, USD Million
- TABLE 22North America Commercial Vehicle Market by Country, 2023 - 2030, USD Million
- TABLE 23North America Racing Simulator Market by Sales Channel, 2019 - 2022, USD Million
- TABLE 24North America Racing Simulator Market by Sales Channel, 2023 - 2030, USD Million
- TABLE 25North America Online Market by Country, 2019 - 2022, USD Million
- TABLE 26North America Online Market by Country, 2023 - 2030, USD Million
- TABLE 27North America Offline Market by Country, 2019 - 2022, USD Million
- TABLE 28North America Offline Market by Country, 2023 - 2030, USD Million
- TABLE 29North America Racing Simulator Market by Application, 2019 - 2022, USD Million
- TABLE 30North America Racing Simulator Market by Application, 2023 - 2030, USD Million
- TABLE 31North America Home/Personal Use Market by Country, 2019 - 2022, USD Million
- TABLE 32North America Home/Personal Use Market by Country, 2023 - 2030, USD Million
- TABLE 33North America Commercial Market by Country, 2019 - 2022, USD Million
- TABLE 34North America Commercial Market by Country, 2023 - 2030, USD Million
- TABLE 35North America Racing Simulator Market by Component, 2019 - 2022, USD Million
- TABLE 36North America Racing Simulator Market by Component, 2023 - 2030, USD Million
- TABLE 37North America Steering Wheel Market by Country, 2019 - 2022, USD Million
- TABLE 38North America Steering Wheel Market by Country, 2023 - 2030, USD Million
- TABLE 39North America Pedal Sets Market by Country, 2019 - 2022, USD Million
- TABLE 40North America Pedal Sets Market by Country, 2023 - 2030, USD Million
- TABLE 41North America Monitor Stand Market by Country, 2019 - 2022, USD Million
- TABLE 42North America Monitor Stand Market by Country, 2023 - 2030, USD Million
- TABLE 43North America Cockpits Market by Country, 2019 - 2022, USD Million
- TABLE 44North America Cockpits Market by Country, 2023 - 2030, USD Million
- TABLE 45North America Seats Market by Country, 2019 - 2022, USD Million
- TABLE 46North America Seats Market by Country, 2023 - 2030, USD Million
- TABLE 47North America Gearbox Shifters Market by Country, 2019 - 2022, USD Million
- TABLE 48North America Gearbox Shifters Market by Country, 2023 - 2030, USD Million
- TABLE 49North America Others Market by Country, 2019 - 2022, USD Million
- TABLE 50North America Others Market by Country, 2023 - 2030, USD Million
- TABLE 51North America Racing Simulator Market by Country, 2019 - 2022, USD Million
- TABLE 52North America Racing Simulator Market by Country, 2023 - 2030, USD Million
- TABLE 53US Racing Simulator Market, 2019 - 2022, USD Million
- TABLE 54US Racing Simulator Market, 2023 - 2030, USD Million
- TABLE 55US Racing Simulator Market by Offering, 2019 - 2022, USD Million
- TABLE 56US Racing Simulator Market by Offering, 2023 - 2030, USD Million
- TABLE 57US Racing Simulator Market by Simulator Type, 2019 - 2022, USD Million
- TABLE 58US Racing Simulator Market by Simulator Type, 2023 - 2030, USD Million
- TABLE 59US Racing Simulator Market by Vehicle Type, 2019 - 2022, USD Million
- TABLE 60US Racing Simulator Market by Vehicle Type, 2023 - 2030, USD Million
- TABLE 61US Racing Simulator Market by Sales Channel, 2019 - 2022, USD Million
- TABLE 62US Racing Simulator Market by Sales Channel, 2023 - 2030, USD Million
- TABLE 63US Racing Simulator Market by Application, 2019 - 2022, USD Million
- TABLE 64US Racing Simulator Market by Application, 2023 - 2030, USD Million
- TABLE 65US Racing Simulator Market by Component, 2019 - 2022, USD Million
- TABLE 66US Racing Simulator Market by Component, 2023 - 2030, USD Million
- TABLE 67Canada Racing Simulator Market, 2019 - 2022, USD Million
- TABLE 68Canada Racing Simulator Market, 2023 - 2030, USD Million
- TABLE 69Canada Racing Simulator Market by Offering, 2019 - 2022, USD Million
- TABLE 70Canada Racing Simulator Market by Offering, 2023 - 2030, USD Million
- TABLE 71Canada Racing Simulator Market by Simulator Type, 2019 - 2022, USD Million
- TABLE 72Canada Racing Simulator Market by Simulator Type, 2023 - 2030, USD Million
- TABLE 73Canada Racing Simulator Market by Vehicle Type, 2019 - 2022, USD Million
- TABLE 74Canada Racing Simulator Market by Vehicle Type, 2023 - 2030, USD Million
- TABLE 75Canada Racing Simulator Market by Sales Channel, 2019 - 2022, USD Million
- TABLE 76Canada Racing Simulator Market by Sales Channel, 2023 - 2030, USD Million
- TABLE 77Canada Racing Simulator Market by Application, 2019 - 2022, USD Million
- TABLE 78Canada Racing Simulator Market by Application, 2023 - 2030, USD Million
- TABLE 79Canada Racing Simulator Market by Component, 2019 - 2022, USD Million
- TABLE 80Canada Racing Simulator Market by Component, 2023 - 2030, USD Million
- TABLE 81Mexico Racing Simulator Market, 2019 - 2022, USD Million
- TABLE 82Mexico Racing Simulator Market, 2023 - 2030, USD Million
- TABLE 83Mexico Racing Simulator Market by Offering, 2019 - 2022, USD Million
- TABLE 84Mexico Racing Simulator Market by Offering, 2023 - 2030, USD Million
- TABLE 85Mexico Racing Simulator Market by Simulator Type, 2019 - 2022, USD Million
- TABLE 86Mexico Racing Simulator Market by Simulator Type, 2023 - 2030, USD Million
- TABLE 87Mexico Racing Simulator Market by Vehicle Type, 2019 - 2022, USD Million
- TABLE 88Mexico Racing Simulator Market by Vehicle Type, 2023 - 2030, USD Million
- TABLE 89Mexico Racing Simulator Market by Sales Channel, 2019 - 2022, USD Million
- TABLE 90Mexico Racing Simulator Market by Sales Channel, 2023 - 2030, USD Million
- TABLE 91Mexico Racing Simulator Market by Application, 2019 - 2022, USD Million
- TABLE 92Mexico Racing Simulator Market by Application, 2023 - 2030, USD Million
- TABLE 93Mexico Racing Simulator Market by Component, 2019 - 2022, USD Million
- TABLE 94Mexico Racing Simulator Market by Component, 2023 - 2030, USD Million
- TABLE 95Rest of North America Racing Simulator Market, 2019 - 2022, USD Million
- TABLE 96Rest of North America Racing Simulator Market, 2023 - 2030, USD Million
- TABLE 97Rest of North America Racing Simulator Market by Offering, 2019 - 2022, USD Million
- TABLE 98Rest of North America Racing Simulator Market by Offering, 2023 - 2030, USD Million
- TABLE 99Rest of North America Racing Simulator Market by Simulator Type, 2019 - 2022, USD Million
- TABLE 100Rest of North America Racing Simulator Market by Simulator Type, 2023 - 2030, USD Million
- TABLE 101Rest of North America Racing Simulator Market by Vehicle Type, 2019 - 2022, USD Million
- TABLE 102Rest of North America Racing Simulator Market by Vehicle Type, 2023 - 2030, USD Million
- TABLE 103Rest of North America Racing Simulator Market by Sales Channel, 2019 - 2022, USD Million
- TABLE 104Rest of North America Racing Simulator Market by Sales Channel, 2023 - 2030, USD Million
- TABLE 105Rest of North America Racing Simulator Market by Application, 2019 - 2022, USD Million
- TABLE 106Rest of North America Racing Simulator Market by Application, 2023 - 2030, USD Million
- TABLE 107Rest of North America Racing Simulator Market by Component, 2019 - 2022, USD Million
- TABLE 108Rest of North America Racing Simulator Market by Component, 2023 - 2030, USD Million
- TABLE 109Key Information - CXC Simulations
- TABLE 110key information - D-BOX Technologies, Inc.
- TABLE 111Key Information - Vesaro Limited
- TABLE 112Key information - Cruden B.V.
- TABLE 113Key Information - ECA Group
- TABLE 114Key Information - Trak Racer
- TABLE 115Key Information - Next Level Racing Simulations PTY LTD
- TABLE 116Key Information - VI-grade GmbH
- TABLE 117Key Information - Anthony Best Dynamics Limited
- TABLE 118Key Information - Cranfield Aerospace Solutions
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