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 |
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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.
