GAMING CHAIR MARKET ANALYSIS

A gaming chair has many benefits compared to a regular seat. Unlike normal chairs, which experience high-speed travel and extreme gravitational forces, a gaming chair is designed to be comfortable for the entire body, including the legs. Moreover, many models come with side bolsters to support the back and posture. They are also designed to be durable, with a 350-pound capacity and high-quality materials. One of the biggest benefits of gaming chairs is their ability to be fully customizable. Even the budget models come with excellent adjustment controls. However, unlike office chairs, gaming chairs tend to have a raised lip on the seat edge. A flat cushion is more ergonomic. Besides, a gaming chair can be a stylish and comfortable option.

Market Statistics:

The global gaming chair market was valued at US$ 1126.36 Mn in 2021 and is forecast to reach a value of US$ 2034 Mn by 2030 at a CAGR of 7.80% between 2022 and 2030.

Asia Pacific held dominant position in the global gaming chair market in 2021, accounting for 51.00% share in terms of volume, followed by North America and Europe, respectively.

Figure 1. Global Gaming Chair Market Value Share (%), By Region, 2021

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Recent Developments:

1. In December 2020, SCUF Gaming, a subsidiary of Corsair Gaming Inc., launched the new SCUF H1 customizable wired gaming headset. Based on the design and technology of the award-winning Corsair VIRTUOSO headset, the H1 is customizable and tailored for competitive gamers who prefer the zero-latency provided by a wired headset.
2. In November 2020, DXRacer launched Master Chair. The engineering behind this chair is to allow users to switch out accessories and parts without compromising on comfort, giving more options for preference. There are additional modular parts, such as a cup holder, laptop desk, and leg rest.

Market Drivers:

Growing popularity of AR/VR gaming and e-sports is driving the growth of the gaming chair market. According to the Coherent Market Insights analysis, the global eSports audience was expected to reach 380 million in 2018, made up of 165 million dedicated eSports fans and 215 million occasional viewers.

Increasing disposable income of consumers is another key factor augmenting market growth. Due to the rise in household sector, along with growing disposable income, several middle- and high-income consumers are purchasing household goods, which is projected to boost the market. Moreover, rising disposable income of the entire population is supporting the development of the global gaming chair market, as people are shifting from standard furniture to luxury furniture.

Residential end use segment held dominant position in the global gaming chair market in 2021, accounting for 77.00% share in terms of volume, followed by commercial end user segment.

Figure 2. Global Gaming Chair Market Value Share (%), By End User, 2021

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Market Restraints:

Increasing demand for mobile games is acting as a threat for the market of gaming chair. According to Coherent Market Insights analysis, the mobile gaming industry is expected to top USD 100 billion by 2021, achieving a decade of double-digit growth. It generated more than 50% of the global games market, in 2018.

High cost of the gaming chair is expected to restrict the market growth over the forecast period.

Market Opportunities:

Growing number of cafes across developing countries is projected to offer significant growth opportunities for the market players over the forecast period. Moreover, advancement in the entertainment sector coupled with the growing number of professional gamers are other major factor fostering market growth.

Currently, major key players are introducing innovative variants with additional accessories such as retractable footrests, speakers, built-in massage units, and red, green, and blue (RGB) lighting systems, in a wide range of colours and designs retractable footrests. This is again expected to provide significant market growth opportunities over the forecast period.

Market Trends/Key Takeaways:

Video gaming is gaining popularity and with the expanding video gaming industry, the market of gaming chair is projected to witness strong growth in the near future. Owing to the comfortable sitting position offered by the gaming chairs along with other benefits, such as extended back and neck support with the high padded back rest, height adjustable armrests, tilt, and steady support offered by the base are some of the factors that are helping the gaming chairs to attract more customers and record year-on-year growth in revenues.

Advent of chair with premium features, such as 4D armrest, gel cold foam, detachable footrests, carbon-look coverings, and 135-degree-adjustable backrest, are projected to become the common features in the future product lines provided by the gaming chair brands, with the increasing number of customers who are looking for all or a few of such value-added features in chairs.

Competitive Landscape:

1. Ace Casual Furniture
2. Arozzi Europe AB
3. Corsair Gaming Inc.
4. Dxracer USA LLC
5. GT Omega Racing Ltd
6. Akracing America Inc.
7. Secretlab
8. Vertagear Inc.
9. Noblechairs
10. Edge Products
11. Maxnomic
12. Anda Seat
13. GTracinG
14. Homall