Gaming Accessory Market Report 2024 (Global Edition)

Global Gaming Accessory Market Report 2024 Market Size Split by Product (Gaming Chairs, Controllers, Headsets and Audio Equipment, Keyboards and Mouse, Others), by Device Type (PC (Desktop & Laptop), ...

Gaming Accessory Market Report Description

We have various report editions of Gaming Accessory Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.

Gaming Accessory Market Insights Video

Competitive Landscape of the Gaming Accessory Market

The gaming accessory industry is highly competitive, with players investing heavily in R&D to expand their manufacturing facilities and create cutting-edge technological solutions. In order to fortify and broaden their worldwide reach, industry players are pursuing a range of organic and inorganic strategic methods. Notable advancements in the market comprise the introduction of novel product lines, contractual agreements, M&A, capex, increased investments, and strategic partnerships with other entities. To expand their potential for profit, businesses are also developing marketing techniques including content marketing, social media influence, and digital marketing.

May 2024: Infinix hinted about the debut of its GT series in May 2024. The smartphone GT 20 Pro is one example. The GT series also includes a variety of "GT Verse" gaming gear and the GT Book gaming laptop. The GT 20 Pro sports cutting-edge specifications. (Source: https://www.gadgets360.com/mobiles/news/infinix-gt-20-pro-india-launch-verse-gaming-product-lineup-teaser-specifications-5570529) January 2024: Corsair introduced the CSTM65 keyboard, a sixty-five percent mechanical typing device with a small canvas for adaptability. The newest model in Drop's highly customizable CSTM lineup, the CSTM65, provides an even better typing and customization experience. (Source: https://www.corsair.com/newsroom/press-release/drop-expands-fully-customizable-keyboard-series-with-the-new-cstm65-keyboardv) November 2023: Razer released an updated 8000 Hz controller with 30k sensor pixels in November 2023. Razer hyperpolling wireless networking, which has ultra-low latency, is combined with this gaming mouse to provide smoother cursor movements and improved accuracy. (Source: https://www.razer.com/technology/razer-hyperpolling)

Top Companies Market Share in Gaming Accessory Industry: (In no particular order of Rank)

• Logitech G
• Razer Inc.
• Corsair
• SteelSeries
• HyperX
• Thrustmaster
• Turtle Beach
• ASUS
• Xbox
• Micro-Star
• Confidential Data
• Access The Paid Version
• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Gaming Accessory Market

Which Region Dominates the Gaming Accessory Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the Worldwide revenue. The improvement has significantly influenced the expansion of online playing in the United States in terms of internet speed. Furthermore, the government's efforts to expedite the rollout of 5G across the country help to reduce latency lag and offer a seamless gaming experience. With the majority of their revenue coming from the US, several well-known companies.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the Gaming Accessory market. While Southeast Asia has the highest revenue shares, Asia Pacific has the largest market shares. China is among the top nations in Asia in terms of the rate at which technology is being adopted. Strong players like Tencent and NetEase, as well as one of the most rapid internet bands, are based in the nation. The primary forces behind the growth of gaming in this nation are the esports industry and the ongoing innovation of new games and gaming platforms. The region has seen a rise in the popularity of eSports, which has expanded the market for video games.

The current report Scope analyzes Gaming Accessory Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Gaming Accessory Market

According to Cognitive Market Research, the Worldwide Gaming Accessory market size was estimated at USD 7154.21 Million, out of which North America held the major market share of more than 40% of the Worldwide revenue with a market size of USD 2861.68 million in 2024 and will rise at a CAGR or compounded annual growth rate of 4.7% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Gaming Accessory market with a market size of USD 2257.87 million in 2024 and is projected to grow at a CAGR of 4.5% during the forecasted timeframe due to the improvement in internet speed.
• The Canada Gaming Accessory market had a market share of USD 343.40 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecasted timeframe. Canada's government efforts to expedite the rollout of 5G across the country help to reduce latency lag and offer a seamless gaming experience .
• The Mexico Gaming Accessory market is projected to witness growth and expansion at a CAGR of 5.2% during the forecasted timeframe, with a market size of USD 260.41 million in 2024 due to significantly influenced by the improvement in internet speed .

Europe Gaming Accessory Market

According to Cognitive Market Research, the Worldwide Gaming Accessory market size was estimated at USD 7154.21 Million, out of which Europe held the market share of more than 30% of the Worldwide revenue with a market size of USD 2146.26 million in 2024 and will rise at a CAGR or compounded annual growth rate of 5.0% from 2024 to 2031.

• The United Kingdom Gaming Accessory market had a market share of USD 360.57 million in 2024 and is projected to grow at a CAGR of 5.8% during the forecasted timeframe. In the UK, There are many opportunities for the nation's suppliers when games are used in various end-user businesses.
• The France Gaming Accessory market is projected to witness growth and expansion at a CAGR of 4.2% during the forecasted timeframe, with a market size of USD 197.46 million in 2024.
• According to Cognitive Market Research, the German Gaming Accessory market size was valued at USD 424.96 million in 2024 and is projected to grow at a CAGR of 5.2% during the forecasted timeframe. In Germany, growing demand for VR/AR devices among consumers has prompted companies such as Crytek to enter the industry.
• The Italy Gaming Accessory market is projected to witness growth and expansion at a CAGR of 4.4% during the forecasted timeframe, with a market size of USD 184.58 million in 2024.
• The Russia Gaming Accessory market is projected to witness growth and expansion at a CAGR of 4.0% during the forecasted timeframe, with a market size of USD 332.67 million in 2024.
• The Spain Gaming Accessory market is projected to witness growth and expansion at a CAGR of 4.1% during the forecasted timeframe with a market size of USD 175.99 million in 2024
• The Luxembourg Gaming Accessory market is projected to witness growth and expansion at a CAGR of 5.1% during the forecasted timeframe, with a market size of USD 66.53 million in 2024.
• The Portugal Gaming Accessory market is projected to witness growth and expansion at a CAGR of 4.8% during the forecasted timeframe, with a market size of USD 45.07 million in 2024.
• The Greece Gaming Accessory market is projected to witness growth and expansion at a CAGR of 5.3% during the forecasted timeframe, with a market size of USD 25.76 million in 2024.
• Rest of Europe's Gaming Accessory market is projected to witness growth and expansion at a CAGR of 3.7% during the forecasted timeframe, with a market size of USD 332.67 million in 2024.

Asia Pacific Gaming Accessory Market

According to Cognitive Market Research, the Worldwide Gaming Accessory market size was estimated at USD 7154.21 Million, out of which Asia Pacific held the market share of around 23% of the Worldwide revenue with a market size of USD 1645.47 million in 2024 and will rise at a CAGR or compounded annual growth rate of 8.5% from 2024 to 2031.

• According to Cognitive Market Research, the China Gaming Accessory market size was valued at USD 740.46 million in 2024 and is projected to grow at a CAGR of 8.0% during the forecasted timeframe. The primary forces behind the growth of gaming in this nation are the esports industry and the ongoing innovation of new games and gaming platforms.
• The Japan Gaming Accessory market is projected to witness growth and expansion at a CAGR of 7.0% during the forecasted timeframe, with a market size of USD 227.07 million in 2024.
• The India Gaming Accessory market had a market share of USD 197.46 million in 2024 and is projected to grow at a CAGR of 10.3% during the forecasted timeframe. The region has seen a rise in the popularity of eSports, which has expanded the market for games.
• The South Korean Gaming Accessory market is projected to witness growth and expansion at a CAGR of 7.6% during the forecasted timeframe, with a market size of USD 164.55 million in 2024.
• The Australian Gaming Accessory market is projected to witness growth and expansion at a CAGR of 8.2% during the forecasted timeframe, with a market size of USD 85.56 million in 2024.
• The South East Asia Gaming Accessory market is projected to witness growth and expansion at a CAGR of 9.5% during the forecasted timeframe, with a market size of USD 113.54 million in 2024.
• The Rest of Asia Pacific Gaming Accessory market is projected to witness growth and expansion at a CAGR of 8.3% during the forecasted timeframe, with a market size of USD 116.83 million in 2024.

South America Gaming Accessory Market

According to Cognitive Market Research, the Worldwide Gaming Accessory market size was estimated at USD 7154.21 Million, out of which Latin America held the market share of around 5% of the Worldwide revenue with a market size of USD 357.71 million in 2024 and will rise at a CAGR or compounded annual growth rate of 5.9% from 2024 to 2031. .

• According to Cognitive Market Research, the Brazil Gaming Accessory market size was valued at USD 153.10 million in 2024 and is projected to grow at a CAGR of 6.5% during the forecasted timeframe. Gaming accessories flourished in Brazil due to the innovation in shooting sports.
• Argentina's Gaming Accessory market had a market share of USD 60.10 million in 2024 and is projected to grow at a CAGR of 6.8% during the forecasted timeframe. Gamers in the country are well known for preferring the newest gear and technological advancements.
• Colombia Gaming Accessory market is projected to witness growth and expansion at a CAGR of 5.7% during the forecasted timeframe, with a market size of USD 31.84 million in 2024.
• Peru Gaming Accessory market is projected to witness growth and expansion at a CAGR of 6.1% during the forecasted timeframe, with a market size of USD 29.33 million in 2024.
• Chile's Gaming accessories market is projected to witness growth and expansion at a CAGR of 6.2% during the forecasted timeframe, with a market size of USD 25.76 million in 2024.
• The Rest of Latin America's Gaming Accessory market is projected to witness growth and expansion at a CAGR of 5.0% during the forecasted timeframe, with a market size of USD 57.59 million in 2024.

Middle East and Africa Gaming Accessory Market

According to Cognitive Market Research, the Worldwide Gaming Accessory market size was estimated at USD 7154.21 Million, out of which the Middle East and Africa held the major market share of around 2% of the Worldwide revenue with a market size of USD 143.08 million in 2024 and will rise at a CAGR or compounded annual growth rate of 6.2% from 2024 to 2031..

• The GCC Countries Gaming Accessory market is projected to witness growth and expansion at a CAGR of 7.0% during the forecasted timeframe, with a market size of USD 61.24 million in 2024 due to shifting customer behavior and growing spending expectations.
• The Egypt Gaming Accessory market is projected to witness growth and expansion at a CAGR of 6.5% during the forecasted timeframe, with a market size of USD 15.02 million in 2024.
• The South Africa Gaming Accessory market is projected to witness growth and expansion at a CAGR of 7.2% during the forecasted timeframe, with a market size of USD 22.61 million in 2024. One of the key factors driving the ongoing growth trends in the gaming business is the increasing popularity of mobile gaming.
• The Turkey Gaming Accessory market is projected to witness growth and expansion at a CAGR of 5.7% during the forecasted timeframe, with a market size of USD 12.31 million in 2024.
• The Nigeria Gaming Accessory market is projected to witness growth and expansion at a CAGR of 5.3% during the forecasted timeframe, with a market size of USD 15.02 million in 2024.
• The Rest of the MEA Gaming Accessory market is projected to witness growth and expansion at a CAGR of 5.2% during the forecasted timeframe, with a market size of USD 16.88 million in 2024.

Gaming Accessory Market Analysis

How are Segments Performing in the Worldwide Gaming Accessory Market?

Gaming Accessory Market Product Segment Analysis

According to Cognitive Market Research, Headsets and Audio Equipment stand out as the dominant category over the projected period. The focus on immersive games has led to a rise in demand for gaming headsets. It is anticipated that this market, which focuses on better stereo sound, will rise dramatically among professional players. Gaming headsets have prompted manufacturers to develop new designs that can be roughly categorized based on the preferences of the players. Owing to the popularity of e-sports, many companies are bringing out new products and improving their existing ones to give gamers with high-end sound systems pleasant, extended playing hours.

Others (Virtual equipment) is the fastest-growing category in the Gaming Accessory market. The full immersion of virtual reality gaming can only be fully realized with virtual reality equipment. As virtual reality games develop and gain popularity among players, virtual reality devices, which are built on the most recent developments in technology, have the potential to replace traditional gaming techniques completely. The makers of games for virtual and mixed reality are advocating for the gadgets' broad market adoption. These devices usually include motion tracking and headgear to fully immerse players in the experience. The leading manufacturers of VR gaming devices are always upgrading their models to incorporate the latest advancements in technology.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Gaming Accessory Industry. Request a Free Sample PDF!

Gaming Accessory Market Device Type Segment Analysis

According to Cognitive Market Research, Gaming Console, the dominant category is hunting due to the increased Customers spending more time playing games as they grow in quantity and variety. The increasing use of technological innovations such as augmented, virtual, and mixed reality will make it a key element of the console. Enhancements are available for users to make their experience more enjoyable and useful than traditional options. It is predicted that these factors will propel market expansion during the projected timeframe.

The fastest-growing category in the Gaming Accessory market is PC (Desktop & Laptop). PC gaming has long been well-liked by players who utilize their computers to play games but aren't particularly hardware aficionados. Compared to customers of commodity systems who aim to spend as little money as possible, PC gamers prefer to maximize performance.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Gaming Accessory Distribution Channel Segment Analysis

Gaming Accessory Market Distrbution Channel Segment Analysis

According to Cognitive Market Research, the dominant category is Specialty stores. Its success in the market might be attributed to specialty stores' careful selection and attention to gaming accessories. These shops create an environment where customers may find a variety of accessories made especially for gaming purposes because they only specialize in gaming-related products. This specialization enables a more thorough and informed approach to product offers, meeting the particular needs of gamers in terms of compatibility, design, and performance.

The fastest-growing category in the Gaming Accessory market is Departmental Stores. Additionally, department stores are good at giving gamers an immersive and interesting purchasing experience. These establishments' atmospheres are created to speak to the culture of gaming, encouraging a feeling of enthusiasm and community. Gamers are drawn to this setting, which also improves the shopping experience and leaves a lasting impression on customers.

• Specialty Stores
• Online
• Departmental Stores
• Others

Author's Detail

Sneha Mali

Research Analyst at Cognitive Market Research

LinkedIn

Profile

I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.

Author's Conclusion