Gaming Accessories Market to Grow with a CAGR of 9.93% through 2029
Global Gaming Accessories
Market continues to thrive due to factors such as technological advancements,
the rise of esports, and the demand for cross-platform gaming.
According to
TechSci Research report, “Gaming Accessories Market - Global Industry Size,
Share, Trends, Competition Forecast & Opportunities, 2029F”, the
Global Gaming Accessories Market stood at USD 9.25 billion in 2023 and is
anticipated to grow with a CAGR of 9.93% through 2029. The global gaming accessories market has been experiencing significant growth, driven by advancements in technology, the expansion of the gaming sector, and shifting consumer preferences. Gaming accessories, which include a diverse range of products such as keyboards, mice, headsets, controllers, and other peripherals, are crucial for enhancing gameplay and performance. As gaming becomes a central component of digital entertainment, the demand for high-quality, innovative accessories has surged.
A major growth driver in this market is the rapid expansion of the gaming industry. The continuous introduction of new gaming platforms, titles, and genres has created a rising demand for peripherals that provide both a competitive edge and an immersive experience. This trend is especially pronounced in eSports and competitive gaming, where specialized accessories are critical for optimal performance. Gaming accessories are designed to meet the needs of both casual players seeking enhanced experiences and professional gamers requiring precision and reliability.
Consumer preferences are increasingly influencing the market. Gamers are seeking accessories that combine high performance with aesthetic appeal. The trend toward customizable and visually striking products, such as RGB-lit keyboards and mice, reflects this demand. Additionally, the rise of streaming and content creation has spurred interest in accessories that improve broadcasting quality and support content production. High-definition webcams, professional-grade microphones, and streaming controllers are becoming popular among gamers who aim to share their experiences with a broader audience.
The market's expansion is further supported by the growth of the gaming community and the increased accessibility of gaming platforms. The proliferation of gaming consoles, PCs, and mobile devices has broadened the market for gaming accessories, as consumers look to enhance their setups regardless of platform. The rise of cloud gaming and subscription-based services has also contributed to market growth, as gamers seek accessories that offer a seamless and high-quality experience across various platforms.
However, the gaming accessories market faces several challenges. Intense competition among manufacturers leads to price pressures and a constant need for innovation. With many companies offering a broad range of products, differentiation is crucial for capturing market share. Additionally, the fast pace of technological advancements requires companies to stay ahead of trends and invest in research and development. Supply chain disruptions, fluctuating raw material costs, and regulatory compliance also impact market stability and profitability.
Sustainability is becoming an increasingly important factor in the gaming accessories market. As consumers and regulators focus more on environmental practices, there is growing demand for products made from sustainable materials and produced using eco-friendly methods. Manufacturers are exploring ways to reduce their environmental impact by using recycled materials, minimizing packaging waste, and implementing energy-efficient production processes. Embracing sustainability not only aligns with market trends but also helps brands build a positive image and appeal to environmentally conscious consumers.
Browse over xx market data Figures spread through xx Pages and an in-depth TOC on
"Global Gaming Accessories Market”
The global gaming
accessories market is segmented into type, device type, distribution channel, regional,
and company.
Based on device type, the PC segment is the dominant force, driven by the widespread popularity of PC gaming and its high demand for specialized peripherals. PCs offer a versatile and customizable platform for gamers, supporting a wide range of accessories such as keyboards, mice, headsets, and gaming chairs. The superior performance, extensive game library, and upgradeability of PCs make them the preferred choice for many gamers, particularly those involved in competitive and eSports gaming. Additionally, the ability to tailor gaming setups with high-resolution monitors, customizable peripherals, and advanced cooling systems contributes to the dominance of the PC segment. As gaming technology continues to advance and gamers seek enhanced experiences, the demand for high-performance, feature-rich PC accessories remains robust. This trend underscores the PC segment's leading position in the global gaming accessories market, reflecting its integral role in delivering an immersive and personalized gaming experience.
Based on region, the Asia Pacific region emerged as the fastest-growing segment in the global gaming accessories market, driven by several key factors. The region’s expanding middle class and increasing disposable incomes are significantly boosting consumer spending on gaming and related accessories. Leading countries such as China, Japan, South Korea, and India are at the forefront of this growth, supported by large gaming populations and thriving esports ecosystems. Technological advancements and widespread adoption of high-speed internet, along with the rise of mobile gaming, further propel this market. The region's strong engagement with mobile gaming, combined with a robust interest in PC and console gaming, creates a dynamic demand for various gaming peripherals. High-performance accessories, including keyboards, mice, headsets, and controllers, are highly sought after as they enhance the overall gaming experience, driving market expansion in this rapidly growing region.
Major companies
operating in Global Gaming Accessories Market are:
- Dell Technologies, Inc.
- Logitech International S.A.
- Razer Inc.
- Mad Catz Global Limited
- Voyetra Turtle Beach, Inc.
- Corsair Memory Inc.
- Cooler Master Technology Inc.
- Sennheiser electronic SE & Co. KG
- Nintendo Co., Ltd.
- Sony Group Corporation
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“The growing emphasis on comfort and ergonomics is another significant trend shaping the gaming accessories market. With longer and more immersive gaming sessions, there is a heightened demand for comfortable and ergonomic products. Manufacturers are integrating features such as adjustable headsets, cushioned wrist rests, and ergonomic designs to ensure extended play without discomfort. This focus on comfort not only enhances the gaming experience but also addresses health and wellness concerns related to prolonged gaming”, said Mr. Karan Chechi,
Research Director of TechSci Research, a research-based management consulting
firm.
“Gaming Accessories Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Gamepads/Joysticks, Gaming Keyboards, Gaming Mice, Gaming Headsets, Virtual Reality Devices), By Device Type (PC, Gaming Console), By Distribution Channel (Online and Offline), By Region & Competition, 2019-2029F, has
evaluated the future growth potential of global gaming accessories market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in global gaming accessories market.
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