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 Gaming Peripherals Industry:
- Rapid Technological Advancements:
The global gaming peripherals market is experiencing robust growth due to the continuous advancements in technology. Gamers are increasingly demanding high-performance peripherals that enhance their gaming experiences. Manufacturers are responding by incorporating cutting-edge technologies such as advanced sensors, customizable RGB lighting, ergonomic designs, and high polling rates. These innovations attract enthusiasts and cater to professional gamers who require precision and responsiveness in their gaming peripherals. As technology continues to evolve, the demand for upgraded gaming peripherals remains strong, driving market growth.
- Surging Esports Industry:
The booming esports industry is another major driver of the gaming peripherals market. Esports has gained mainstream recognition and has become a lucrative profession for many gamers. Esports athletes and enthusiasts alike seek top-tier gaming peripherals to gain a competitive edge. This includes high-performance gaming mice, keyboards, headsets, and controllers that offer precise control and comfort during extended gaming sessions. As esports tournaments continue to grow in popularity and prize pools increase, the demand for advanced gaming peripherals is expected to rise, propelling market expansion.
- Growth of Online Gaming:
The global gaming peripherals market is also being fueled by the widespread adoption of online gaming. With the availability of high-speed internet and multiplayer online games, there is a rise in online gaming communities. Gamers now require peripherals that can provide low latency and seamless connectivity. This has led to the development of gaming peripherals with features like low input lag, wireless connectivity, and dedicated gaming modes. As online gaming continues to evolve and attract a larger user base, the demand for peripherals that enhance the online gaming experience will drive market growth.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/gaming-peripherals-market/requestsample
Global Gaming Peripherals Market Trends:
Technological advancements and innovation in gaming accessories, such as high-performance mice, keyboards, and headsets, continually attract gamers seeking enhanced gaming experiences. Additionally, the increasing popularity of online multiplayer gaming and esports tournaments has driven demand for top-notch peripherals, as competitive gamers prioritize responsive and reliable equipment. Furthermore, the rising disposable income and willingness among consumers to invest in premium gaming gear further fuel the expansion of the market. Moreover, the trend of remote work and leisure activities, accelerated by the COVID-19 pandemic, has led to a rise in gaming enthusiasts, creating a sustained demand for gaming peripherals, especially in regions such as, North America.
Gaming Peripherals Market Report Segmentation:
By Product Type:
- Headsets
- Keyboards
- Joysticks
- Mice
- Gamepads
- Others
Headsets dominate the market due to their essential role in providing immersive audio experiences during gaming, making them a top priority for gamers worldwide.
By Gaming Device Type:
- PC (Desktop/Laptop)
- Gaming Consoles
Gaming consoles hold maximum number of shares due to their widespread popularity and central role in delivering immersive gaming experiences.
By Technology:
- Wired
- Wireless
Wireless represents the largest segment as it offers gamers the freedom of untethered movement and convenience, enhancing the overall gaming experience.
By Distribution Channel:
- Online
- Offline
Offline dominates the market due to its established presence in brick-and-mortar retail stores, catering to a significant portion of consumers who prefer hands-on experiences before purchasing.
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 consumer demand, and a thriving esports community, making it a key market for industry players.
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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