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Global Gaming Accessories Market size was valued at USD 6.40 Bn. in 2021 and the total revenue is expected to grow by 10.27% from 2022 to 2029, reaching nearly USD 14 Bn.
Gaming Accessories Market Overview:
The market report for Gaming Accessories provides a comprehensive analysis of the competition together with data on market share and company profiles for the top international rivals. The study's scope covers a thorough analysis of the Gaming Accessories Market and the variables affecting regional variances in the sector's growth.
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Market Scope:
Extensive primary research was conducted to collect data and verify key figures once market engineering, which involved market statistics calculations, market size estimates, market projections, market breakdown, and data triangulation, was finished. Top-down, bottom-up, and other data triangulation approaches were frequently used throughout the market engineering process to conduct market estimates and forecasting for the overall market segments and sub-segments described in this study. All data gathered during the market engineering process is subjected to extensive qualitative and quantitative analysis in order to give crucial information throughout the study.
Drivers:
One of the market trends for gaming accessories that is driving demand in the sector is the increase in popularity of online games. The number of gamers worldwide increases as more games are released. For instance, the most recent 2022 data shows that almost 1 billion people have downloaded Player Unknown's Battlegrounds (PUBG). The market value has increased as a result of the high demand for gaming accessories brought on by the growing population.
Thousands of people worldwide have downloaded or played video games at some point in their lives, whether it was to build an empire or gather Pokemon. According to data from 2021, there were 2.96 billion games played worldwide.
Segmentation:
By Component, the Gaming Accessories Market is segmented into Headsets, Keyboard, Mice, Controller, and Others. The headsets segment held the largest market share in 2021 and it is expected to grow at a significant rate through the forecast period. The segment’s growth is attributable to the growing demand among individuals, particularly young adults, for increased, sharp, and clear background audio in gaming. This is a major factor that is expected to have a positive impact on the market growth.
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Key Players:
Both primary and secondary research are carried out to determine the market's leaders and forecast market revenue. The main study's in-depth interviews with key thought leaders and subject matter experts include CEOs, marketing executives, and seasoned front-line workers, to name just a few. In-depth interviews with significant thought leaders and business experts, including CEOs, marketing executives, and seasoned front-line personnel, were done as part of the primary research. Reviewing the annual and financial reports of the major manufacturers was done as part of the secondary study. To compute percentage splits, market shares, growth rates, and global market breakdowns, secondary data is used. The outcomes of these calculations are then contrasted with original information. The following companies dominate the Gaming Accessories market:
•Corsair(US)
• HP Inc.(US)
• Google Inc(US
• Steelseries(Denmark)
• Razer(US)
• Hyperx(US)
• Plantronics Inc.(US)
• Alienware(US)
• Turtle Beach(US)
• Mad Catz(US)
• Reddragon(US)
• SADES Technological Corporation(UK))
• Logitech International SA(Switzerland)
• Nintendo Co., Ltd(Japan)
• Cooler Master Technology Inc.( China)
• ZOWIE (BenQ)( China)
• DuckyChannel International Co., Ltd.( China)
• Xiaomi Corporation(China)
• Anker(China)
Regional Analysis:
The important market-influencing factors and recent legal developments that have an impact on present and future market trends are also included in the regional overview of market research for Gaming Accessories . In order to assess the potential of the entire industry and identify profitable patterns, current and upcoming trends are looked at. The existing environment and anticipated developments serve as the foundation for assessing the regional market.
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COVID-19 Impact Analysis on Gaming Accessories Market:
The growth of end-user industries using Gaming Accessories declined between January 2020 and May 2020 as a result of a halt in operations. These nations included China, the United States, the United Kingdom, Spain, France, Italy, and Spain. As a result, both the market for Gaming Accessories manufacturers and the earnings of businesses involved in these industries saw a dramatic fall. The market's growth in 2020 was impacted by this. End-user business demand for Gaming Accessories has been significantly reduced as a result of lockdowns and an increase in COVID-19 incidents worldwide.
Key Questions Answered in the Gaming Accessories Market Report are:
- What market sector represented the most percentage of Gaming Accessories in 2021?
- To what extent is the marketplace competitive?
- What are the main elements impacting the development of the Gaming Accessories market?
- Which region commands the largest market share in Gaming Accessories ?
- What will the market's CAGR be from 2022 to 2029?
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