Gaming chairs, specially designed chairs for use in front of computer setups and gaming consoles, offer benefits like ergonomic design, sturdiness, and comfortable seating for extended gaming sessions. Features like adjustable armrests, headrests, lumbar support, rocking and swivel mechanisms allow customized positioning. The market is seeing demand for more personalized designs and customization options to suit varied user needs and preferences.
The global gaming chair market is estimated to be valued at US$ 1411.01 million in 2024 and is expected to exhibit a CAGR of 7.8% over the forecast period of 2024 to 2031.
High participation in esports and live streaming of games is driving the need for chairs that offer enhanced comfort during long play hours without health issues like backache.
Key Takeaways
Key players: Key players operating in the gaming chair market include Ace Casual Furniture, Arozzi Europe AB, Corsair Gaming Inc., Dxracer USA LLC, GT Omega Racing Ltd, Akracing America Inc., Secretlab, Vertagear Inc., Noblechairs, Edge Products, Maxnomic, Anda Seat, GTracinG, and Homall. These brands offer a wide variety of chairs at varied price points targeted at professional gamers as well as casual gamers.
Growing demand: Significant Gaming Chair Market Demand increasing health awareness among gamers regarding ergonomic seating solutions is fueling demand for specialized gaming chairs. Live streaming and high participation in esports has increased popularity of gamer lifestyle gear like chairs.
Global expansion: Leading gaming chair manufacturers are focusing on global expansion plans to penetrate newer regional markets. Companies are investing in strengthening their distribution channels and offering customized product lines based on regional consumer preferences and needs.
Market key trends
One of the major trends gaining traction in the gaming chair industry is increased personalization and customization options. Companies are offering features like customizable upholstery, accent colors, material types, and engraved branding to suit varied styles and budget segments. This is expected to drive further interest in gaming chairs among casual gamers as well as enhance brand loyalty for committed buyers.
Porter’s Analysis
Threat of new entrants: Low barrier to entry allowing several new companies to enter the market. However, established brands have strong brand recognition and distribution channels.
Bargaining power of buyers: Buyers have moderate bargaining power due to availability of substitutes and variety of options available in different price ranges.
Bargaining power of suppliers: Suppliers have low to moderate bargaining power due to availability of multiple component suppliers and commoditization of raw materials used.
Threat of new substitutes: Threat of substitutes is moderate as traditional chairs, bean bags and sofas can be used for gaming but don't provide the required ergonomics and features of a gaming chair.
Competitive rivalry: Intense competition among existing players to grow market share by launching new products with innovative features and competitive pricing.
North America region accounts for the largest share of the global gaming chair market, followed by Europe. This is attributed to high penetration of gaming consoles and PCs in countries like US and Germany.
Asia Pacific region is expected to witness the fastest growth during the forecast period owing to rising disposable income, increasing number of gamers, and growing eSports industry in countries like China, India and South Korea. Growing online gaming and live streaming trends will further drive the demand for specialized gaming chairs in the region.
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About Author:
Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)
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