Posted by The latest report by IMARC Group, titled “Gaming Peripherals Market Report by Product Type, Gaming Device Type, Technology, Distribution Channel, and Region 2024-2032 “, offers a comprehensive analysis of the industry, which comprises insights on the global gaming peripherals market share. The global gaming peripherals market size reached US$ 4.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 9.1 Billion by 2032, exhibiting a growth rate (CAGR) of 7.25% during 2024-2032.
Factors Affecting the Growth of the Gaming Peripherals Industry:
- Rise in Esports and Competitive Gaming:
The gaming peripherals market is witnessing substantial growth due to the rapid proliferation of esports and competitive gaming. Esports has transcended niche status to become a global phenomenon, with professional players, teams, and leagues attracting millions of viewers and participants. Both professional and amateur gamers demand high-performance peripherals to gain a competitive edge. Gaming mice with precise sensors, mechanical keyboards for lightning-fast keypresses, and immersive headsets are essential tools for gamers seeking victory. As esports continues to gain mainstream recognition and investment, it fuels the growth of the gaming peripherals market, driven by the quest for excellence in gameplay.
- Rapid Growth of PC Gaming and Gaming Consoles:
The increasing popularity of both PC gaming and gaming consoles is a major driver for the gaming peripherals market. PC gaming has seen remarkable growth owing to its accessibility, its vast library of games, and its appeal to esports enthusiasts. Gamers invest significantly in high-quality peripherals to optimize their gaming setups, with gaming mice offering precision, mechanical keyboards delivering tactile responsiveness, and high-refresh-rate monitors providing smooth visuals. In addition, gaming consoles have a dedicated user base that values compatibility with peripherals like controllers and headsets. The expanding community of both PC and console gamers propels the demand for gaming peripherals, contributing to the market’s growth as gamers seek to enhance their overall gaming experience.
- Technological Advancements and Innovation:
Technological innovation is a major driver in the gaming peripherals market, as manufacturers are continuously pushing the boundaries to provide gamers with cutting-edge features that enhance their gaming experiences. These innovations include faster response times, customizable RGB lighting, and improved ergonomic designs. Furthermore, the integration of advanced technologies like wireless connectivity, haptic feedback, and high-precision sensors elevates the gaming experience to new heights. Gamers, always on the lookout for the latest advancements, upgrade their peripherals regularly to stay competitive and enjoy the latest gaming features. Technological progress remains a pivotal driver as manufacturers strive to meet the demands of the gaming community.
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Global Gaming Peripherals Market Trends:
The gaming peripherals market is primarily driven by the escalating demand for high-performance peripherals among professional and amateur gamers seeking precision and an edge in competitive play due to the rise of esports and competitive gaming. Apart from this, continuous technological advancements and innovations in gaming peripherals, including faster response times, customizable features, and wireless connectivity that attract gamers looking to upgrade and foster regular product turnover, represent another major growth-inducing factor. Furthermore, the rapid expansion of both PC gaming and gaming consoles has led to a thriving ecosystem of gamers investing in peripherals to optimize their setups, thus contributing to market growth.
Gaming Peripherals Market Report Segmentation:
By Product Type:
- Headsets
- Keyboards
- Joysticks
- Mice
- Gamepads
- Others
Headsets represented the leading segment due to their essential role in immersive gaming experiences, providing high-quality audio and communication capabilities.
By Gaming Device Type:
- PC (Desktop/Laptop)
- Gaming Consoles
Gaming consoles accounted for the largest market share owing to their widespread use and the demand for compatible peripherals, including controllers and accessories.
By Technology:
- Wired
- Wireless
Wireless represented the largest segment as it offers greater freedom of movement and convenience for gamers, eliminating the need for cumbersome cords.
By Distribution Channel:
- Online
- Offline
Offline held the majority of the market share on account of the rising preference of gamers to physically test and purchase peripherals in brick-and-mortar stores, ensuring compatibility and quality.
Regional Insights:
- Asia Pacific
- North America
- Europe
- Middle East and Africa
- Latin America
North America’s dominance in the gaming peripherals market is attributed to its robust gaming industry, high adoption of gaming technologies, and strong retail presence.
Competitors Landscape with Key Players:
- Anker
- Cooler Master
- Corsair
- Das Keyboard (Metadot Corporation)
- Dell Inc.
- Gamdias
- HP Inc.
- Logitech
- Mad Catz
- Razer Inc.
- Redragon
- Roccat
- Sades
- Sennheiser (Sonova)
- SteelSeries (GN Store Nord A/S)
- Turtle Beach
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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