The global games and puzzles market value is anticipated to reach US$ 18.0 Billion in 2023 and US$ 88.8 Billion by 2033. Overall sales of games and puzzles are likely to soar at 17.3% CAGR during the assessment period.

Games are expected to remain highly sought-after, by type, in the market through 2033. This is because they offer more interactive and immersive experiences than puzzles. The target segment is expected to progress at a robust CAGR of 17.2% during the assessment period.

Several factors are expected to spur growth in the games and puzzle market. These include increasing awareness about the benefits of games and puzzles, rising interest in indoor gaming activities, and innovation in games and puzzles.

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Rising prevalence of mental health disorders, such as depression, and increasing focus on mental health are expected to uplift the demand for games and puzzles. This is because they can effectively reduce stress & anxiety.

Multiple studies have indicated that specific games and puzzles can be helpful for people with depression. For instance, a study published in Frontiers in Psychology shows that playing games involving problem-solving and spatial reasoning can benefit depressed people.

Key Takeaways from the Games and Puzzles Market Report:

  • The global industry is expected to reach US$ 88.8 billion by 2033.
  • Based on type, games segment is set to thrive at 2% CAGR through 2033.
  • By licensing, non-licensed segment is poised to exhibit 0% CAGR through 2033.
  • The United States is forecast to attain a valuation of US$ 15.7 billion by 2033.
  • Demand in Japan is projected to increase at 5% CAGR between 2023 and 2033.
  • China market value is predicted to reach US$ 13.3 billion by 2033.
  • The United Kingdom market is set to thrive at 3% CAGR through 2033.
  • Sales revenue in South Korea is expected to reach US$ 4.7 billion by 2033.

Key Manufacturing Players:

·        Buffalo Games

·        Hasbro, Inc.

·        Mattel, Inc.

·        Ceaco, Inc.

·        Ravensburger AG

·        Schmidt Spiele

·        Cubicfun 3D Puzzle

·        Educa Borras

·        Castorland

·        Cobble Hill

For instance,

  • In July 2022, Hasbro Gaming and New York Times Games introduced The Party Game. This new board game is intended to bring Wordle to life.
  • In 2023, new jigsaw puzzles and board games were launched by Gibsons Games Ltd.

Segmentation in Games and Puzzles Market Research Report

Games and Puzzles Market by Type:

·        Games

o   Board Games

o   Card Games

·        Puzzles

Games and Puzzles Market by Licensing:

·        Non-Licensed

·        Licensed

Games and Puzzles Market by Distribution Channel:

·        Online

·        Offline

Games and Puzzles Market by Region:

·         North America

·         Latin America

·         Western Europe

·         Eastern Europe

·         East Asia

·         South Asia and Pacific

·         Middle East and Africa