Market Size of United States Gaming Accessories Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 9.30 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
US Gaming Accessories Market Analysis
The United States Gaming Accessories Market is expected to register a CAGR of approximately 9.3% during the forecast period (2022-2027). Continuous technological advancements in the gaming industry are driving the expansion of gaming accessories.
- The rising internet connectivity, increasing adoption of smartphones, and the introduction of high bandwidth network connectivity, like 5G, have further boosted the demand for gaming accessories in the country. Major gaming console manufacturers like Nintendo and Microsoft have realized the potentiality of AR and are leading the charge.
- Game developers across the country continually strive to enhance the gaming experience by launching and rewriting codes for diverse console/platforms, such as PlayStation, Xbox, and Windows PC, incorporated into a standalone product provided to gamers through a cloud platform.
- The rapid growth of e-sports games has increased demand for new gaming keyboards and gamepads. Hence, as gaming content improves, the gaming accessories market will likely expand throughout the forecast period.
- A challenging factor is the availability of a wide range of elements in the market. Several solutions might meet the need for gaming accessories. Particularly, local alternatives might have an impact on market demand as the majority of customers favor low-cost gaming equipment.
- The key vendors in the gaming accessories market are introducing new products with advanced technology. For instance, in June 2021, Atari Inc., an American video game developer and the home computer company, launched the Atari VCS home video game console in the United States.
- Due to the Covid-19 lockdown, people stayed home, and some turned to the gaming platform to spend their time. These platforms attracted more new visitors in online traffic and created demand for various gaming accessories. Moreover, the surge in gaming amid Covid lockdowns follows a roster of new game releases.
US Gaming Accessories Industry Segmentation
A video game accessory is a distinct piece of hardware required to use a video game console or one that enriches the gaming experience. Gaming accessories comprise devices other than hardware and software used in a gaming system. United States Gaming Accessories Market is segmented By Type (Gamepads, Gaming Keyboards, Gaming Mice, Joysticks, Gaming Headsets, Virtual Reality Devices).
| By Type | |
| Gamepads | |
| Gaming Keyboards | |
| Gaming Mice | |
| Joysticks | |
| Gaming Headsets | |
| Virtual Reality Devices |
United States Gaming Accessories Market Size Summary
The United States gaming accessories market is experiencing significant growth, driven by continuous technological advancements and the increasing popularity of mobile gaming. The rise in internet connectivity, the adoption of smartphones, and the introduction of high-bandwidth networks like 5G have all contributed to the burgeoning demand for gaming accessories. Major gaming console manufacturers, such as Nintendo and Microsoft, are capitalizing on the potential of augmented reality, further propelling market expansion. The rapid growth of e-sports has also fueled the demand for advanced gaming peripherals like keyboards and gamepads. However, the market faces challenges due to the availability of numerous alternatives, particularly local low-cost options that may impact consumer preferences.
The competitive landscape of the gaming accessories market in the United States is characterized by a few global suppliers holding significant market shares. Key vendors are continuously enhancing their product offerings with advanced technologies to maintain competitiveness. Companies like Microsoft, Logitech, and Turtle Beach are actively launching new products and forming strategic partnerships to leverage the growing video game consumption. The market's expansion is further supported by the increasing adoption of gaming apps on mobile devices and televisions, as well as the desire among consumers to play the latest games without the need for new consoles or PCs. This dynamic environment is expected to sustain the market's growth trajectory in the coming years.
United States Gaming Accessories Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Value Chain Analysis
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1.3 Industry Attractiveness - Porter's Five Forces Analysis
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1.3.1 Bargaining Power of Suppliers
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1.3.2 Bargaining Power of Buyers
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1.3.3 Threat of New Entrants
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1.3.4 Threat of Substitutes
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1.3.5 Intensity of Competitive Rivalry
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1.4 Overall Gaming Market Scenario in United States
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1.5 Demographic Analysis of Gaming Population by Age and Gender
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Gamepads
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2.1.2 Gaming Keyboards
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2.1.3 Gaming Mice
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2.1.4 Joysticks
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2.1.5 Gaming Headsets
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2.1.6 Virtual Reality Devices
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United States Gaming Accessories Market Size FAQs
What is the current United States Gaming Accessories Market size?
The United States Gaming Accessories Market is projected to register a CAGR of 9.30% during the forecast period (2024-2029)
Who are the key players in United States Gaming Accessories Market?
Logitech International SA, Turtle Beach Corporation, Razer Inc., Corsair Components Inc. and Mad Catz Global Limited are the major companies operating in the United States Gaming Accessories Market.
