Global Board Games Market 2018-2022
About Board Games
Board games are played using a board where pieces or counters are places and moved over the board. It also includes cards and dice games.Technavio’s analysts forecast the global board games market's CAGR is expected to be close to 23%, however, the market's growth momentum will decelerate owing to a decrease in the year over year growth.Covered in this report The report covers the present scenario and the growth prospects of the global board games market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Board Games Market 2018-2022
Technavio recognizes the following companies as the key players in the global board games market: Asmodée Editions, Goliath B.V., Grand Prix International, Hasbro, and Ravensburger.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing developments of apps based on board games. With the growing penetration of smartphones, board games manufacturers are focusing on developing applications based on board games. Furthermore, companies in the board games industry are leveraging various new digital technologies such as using a timer or assistants to develop games including mobile application as a part of their gameplay.”
According to the report, one driver in the market is increasing demand for board games among millennials. With the increasing number of millennials preferring playing board games like Monopoly and Scrabble for socializing purposes, several game-based cafes and bars have evolved in the recent years.
Further, the report states that one challenge in the market is board games are time consuming and cannot be resumed. Board games are time consuming, which is a major drawback over other games. Nowadays, casual players do not prefer investing nearly 2-6 long hours in board games due to their busy schedule.