Gaming Chair Market is Estimated to Witness High Growth Owing to Growing E-Sports Industry and Rising Demand for Ergonomic Seating Solutions
Gaming chair market is estimated to be valued at USD 1.51 Bn in 2024, exhibiting a CAGR of 7.5% over the forecast period (2024-2031). The growing popularity of e-sports and increasing number of gamers across the globe are some of the key factors that are expected to drive the growth of the gaming chair market. Furthermore, rising demand for ergonomic seating that provide comfort during long gaming sessions will further propel the market growth.
Market Dynamics:
Growing E-Sports Industry: The e-sports industry has witnessed rapid growth over the past few years supported by increasing live streaming and viewership of e-sports tournaments. As e-sports gain more mainstream acceptance, the demand for high-performance gaming chairs tailored for long gaming sessions from professional and amateur gamers is expected to increase significantly.
Rising Demand for Ergonomic Seating: Prolonged sitting in ordinary chairs can cause severe back, shoulder, and neck pain. Gaming chairs are designed ergonomically with features such as adjustable lumbar support, reclining backrest, and armrests to provide maximum comfort. With increasing health awareness, the demand for well-designed ergonomic gaming chairs is growing steadily.
Market Drivers
Increasing Popularity of PC and Console Gaming
The gaming industry has seen tremendous growth over the past decade driven by improving PC and console hardware and engaging gaming experiences. As gaming has become more immersive and mainstream, the number of gamers around the world has increased exponentially. According to Newzoo, there were over 2.7 billion gamers globally in 2022. As more people get into gaming as a hobby or profession, the demand for dedicated gaming equipment like gaming chairs has also increased significantly. The most complete games data — World's most trusted source of games and gamers data, analytics, and market research. The most comprehensive data on the video games and global gamers, in one platform.
Growth of Streaming and Esports
With the rise of streaming platforms like Twitch and YouTube gaming, as well as organized professional esports leagues, gaming has become a highly watched spectator activity and even viable career path. Many top streamers and pro gamers showcase attractive gaming setups featuring high-end PCs Provincial Civil Service, multiple high-resolution monitors, and comfortable ergonomic gaming chairs. This has made gaming chairs a symbol of status and serious gaming, fueling their adoption among amateur and aspiring gamers as well. Streaming sessions and tournaments held on gaming chairs have created buzz and demand in the market.
Market Restraints
Availability of affordable Alternatives
While gaming chairs offer improved ergonomics, comfort and features over regular office chairs, their higher price point compared to alternatives makes them inaccessible for many potential customers. Affordable alternatives like basic office chairs, folding chairs and bean bags allow casual gamers to save costs. This restrains overall market potential for dedicated gaming chairs.
Lack of Standardization
The gaming chair market currently lacks consensus global standards around testing methods, durability requirements, etc. This leads to inconsistencies in chair quality and performance across brands and models. Some low-cost gaming chairs fall short on quality control and longevity. This uncertain reliability concerns customers and restrains recommendation and repeat purchases in the market.
Market Opportunities
Expanding to Other Parts of Home Office Segment
Gaming chairs offer versatility with their ergonomic designs, comfort, and adjustability features. This allows their positioning beyond just gaming setups to overall home office and workstation needs, especially amid hybrid work trends. There is opportunity to expand the target audience and use cases beyond dedicated gamers.
Customization and Personalization
Gamers have diverse preferences in style, design, and features. There is scope to attract different customer profiles by providing customizable options for chair upholstery, accent colors, lighting effects, etc. This allows self-expression and addresses varied taste, boosting the appeal of gaming chairs.
In summary, the gaming chair market is driven by the expansion of the global gamer population as well as the rise of streaming and esports. However, availability of affordable alternatives and lack of standardization restrain the overall market potential. Key opportunities lie in addressing the needs of hybrid work settings beyond gaming as well as offering more customized solutions.
Key Developments:
- In August 2022, Cybeart, a Canada-based maker of high-quality gaming accessories, revealed plans for the world's first Lord of the Rings Chair on August 25th. This new product will expand Cybeart's current selection of officially licensed items and continue its collaboration with Warner Bros. Warner Bros. Entertainment Inc. is an American film and entertainment studio headquartered at the Warner Bros. Studios complex in Burbank, California, and a subsidiary of Warner Bros.
- In June 2022, CORSAIR, a leading brand in PC gaming peripherals and enthusiast components, introduced the CORSAIR TC200 Fabric Gaming Chair and the CORSAIR TC200 Leatherette Gaming Chair. These striking new models enhance the expanding range of CORSAIR gaming furniture. Both chairs boast a racing-inspired design with a spacious seat and an extended height range, making them suitable for taller users and promoting a comfortable gaming posture.
- 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. Corsair is a leading global developer and manufacturer of high-performance gear and technology for gamers, content creators, and PC enthusiasts.
- 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. DXRacer, the world leading gaming chair brand for unparalleled comfort and quality with ergonomics design.
Link: https://www.coherentmarketinsights.com/market-insight/gaming-chair-market-5134
Key Player:
Ace Casual Furniture, Arozzi Europe AB, Corsair Gaming Inc., Vertagear Inc., Noblechairs, Ede Products, Pro Gamersware GmbH, Thermaltake Technology Co., Playseat B.V., AK Racing, Inc, Shenzhen MARK Technology, Co., DX Racer USA LLC, Corsair Component Inc, and GT Omega Racing Limited
