Global gaming peripheral market was worth USD 4270 million in the year 2020 and is slated to witness substantial expansion during 2021-2026.

Industry Snapshot:

• Increasing participation in video gaming from a huge portion of the population is propelling market growth.
• Surging trend of adopting gaming as a profession amongst the younger demographic is impelling the demand during 2021-2026.
• The advent of social media apps & games has led to the creation of social groups which not only enhance the gaming experience but also make gamers spend heavily on consoles, thereby accelerating the worldwide gaming peripheral industry development.

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Segmental Overview:

Product Type	Headsets
	Keyboards
	Joysticks
	Mice
	Gamepad Controllers
	Others
Device Type	PC (Desktop/Laptop)
	Gaming Consoles
Technology	Wireless
	Wired
Distribution Channel	Online
	Offline
Regions	Americas
	Europe
	Asia Pacific

 

Window to the future:

• The gaming consoles device type segment is estimated to grow at a remarkable CAGR during the forecast period, owing to the accessibility of multi-functional gaming consoles that allow gamers to listen to music, watch videos, etc. while playing games.
• The headset product type of worldwide gaming peripheral market is anticipated to record modest growth during the analysis period.
• While Americas is poised to retain a significant market share during the assessment timeframe, Asia Pacific industry is slated to observe substantial development during the stipulated timeline, due to surging popularity of multiplayer video games, and numerous advances in the gaming peripherals to augment the playing experience of the gamers.

Explainer:

Notably, widening popularity of e-sports and gaming contests such as PUBG Global Championship, League of Legends World Championship, Call of Duty World League (CWL), etc. is driving the demand for high-end peripherals that assist gamers in boosting their gaming capabilities.

The well-known players in global gaming peripheral industry are Sharkoon Technologies, Cherry AG, Alienware, Corsair Gaming Inc., Madcatz Global Limited, Razer Inc., Shenzhen Rapoo Technology Co. Ltd., Logitech International S.A., Thermaltake Technology Co. Ltd., Plantronic Inc., Guillemot Corporation S.A., SteelSeries, Turtle Beach Corporation, and Sennheiser Electronic GmbH & Co. KG among others.

Concluding lines:

Market research involves assembling, evaluating, and summarizing data about a particular marketplace. ‘Global Gaming Peripheral Market (2021 Edition) - Analysis by Product Type (Headsets, Keyboards, Joysticks, Mice, Gamepads Controllers, Others), Device Type, Distribution Channel, By Region, By Country: Market Insights and Forecast with Impact of COVID-19 (2021-2026)’, a report by MarketStudyReport focuses on the factors that increase the likelihood of success during the study years for decision makers and aids them in magnifying their profits. The report is compiled using proven methods to assist enterprises in making impactful business strategies.