Gaming Posters Market Expected to Reach $565.4 Million by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Gaming Posters Market," The gaming posters market size was valued at $204.60 million in 2021, and is estimated to reach $565.4 million by 2031, growing at a CAGR of 10.8% from 2022 to 2031.

The gaming posters market trends is mostly driven by the inclination of youth toward gaming. Today, playing video games is one of the most common leisure activities among young people. The market for gaming posters has grown dramatically as a result of the large number of young people choosing gaming as a vocation and using game posters to decorate their rooms. Moreover, the frequency of smoking is on the rise due to the hectic and stressful lifestyles that consumers lead. Furthermore, an increase in the number of artists who create video game artwork boosts the product's demand. 12,600 artists and related employees were employed in the U.S. in 2020, according to statistics from the U.S. Bureau of Labor Statistics, and it is predicted that this number will rise by 9.5% by 2030. Customers are expecting personalized game posters as the number of artists grows, fueling industry expansion.

The gaming posters market growth shows high potential in Asia-Pacific and North America, innovation in the gaming industry, and the launch of new games.Moreover, the gaming and gaming device sectors are experiencing a lot of innovation, which is always improving them and opening up new chances for the gaming poster industry. New games are being released on the market by a number of major gaming industry firms, opening up prospects for other players.

On the other side, even though gaming is widely accepted in contemporary culture, it is still a contentious issue, particularly among the elder generation of residents, those aged 50 and over. Similar to this, numerous nations outlaw specific playing periods and games altogether, which tends to hurt the gaming posters industry. China implemented a gaming time restriction in the year 2021 that restricted users, particularly kids, to no more than three to four hours per week of internet gaming. People's interest in games in the region is significantly reduced as a result, as they are unable to fully use its potential. There is a loss of interest in gaming posters market demand due to the low interest in gaming, as consumers do not want to invest money in goods that they cannot be used frequently.

The global gaming posters market analysis is segmented on the basis of type, application, distribution channel, and region. On the basis of type, the gaming posters market is classified into standard and customized. The standard segment accounted for a major gaming posters market share of the market in 2021 and is expected to expand at a significant CAGR during the forecast period. The demand for standard game posters is rising as consumers want official game posters. The standard game poster defines the insights and the reality of the game.

On the basis of application, the global gaming posters market is classified into household and commercial users. The household segment accounted for a major share of the market in 2021 and is expected to expand at a significant CAGR during the forecast period. The inclination of youth generation towards gaming is further driving the gaming posters market. Such factors are fueling the growth of gaming posters in the household segment.

On the basis of distribution channel, the market is segmented into online and offline. The online segment accounted for a major share of the gaming posters market in 2021 and is expected to expand at a significant CAGR during the forecast period. The most popular distribution channel is the online sales channel in today’s era. People want to save their time and money, hence they are opting for online applications or sales channels to buy various products. This can be considered an advantagefor the gaming posters market in the coming days.

In 2021, Asia-Pacific accounted for 43.3% sharein the global gaming posters market and is expected to maintain its dominance during the forecast period. However, North America and Europe are expected to possesssignificant CAGRs, owing to the innovation in the gaming industry and the launch of new games in the regions.

Exporters in both developed and developing nations faced a number of difficulties as a result of the COVID-19 pandemic. The implementation of lockdown and curfew procedures on a global scale had an impact on both domestic and foreign manufacturers of gaming posters, which, in turn, hindered market expansion. As a result, the COVID-19 pandemic had a negative influence on the gaming posters market in 2020 due to decreased company sales and suspended operations.

The major players analyzed for the global gaming posters industry are Displate Metal Poster, Postergully, Greenpanda, GB Posters, and PopArtuk.

Key findings of the study

• On the basis of type, the standard segment was the highest revenue contributor to the market with $116 million in 2021, and is estimated to reach $306 million by 2031, with a CAGR of 10.3%.
• On the basis of application, the household segment was the highest revenue contributor to the market, with $110.3 million in 2021, and is estimated to reach $289.7 million by 2031, with a CAGR of 10.2%.
• On the basis of distribution channel, the online segment was the highest revenue contributor to the market, with $109.6 million in 2021, and is estimated to reach $312.2 million by 2031, with a CAGR of 11.1%.
• On the basis of region, Asia-Pacific was the highest revenue contributor, accounting for $88.6 million in 2021, and is estimated to reach $256.7 million by 2031, with a CAGR of 11.3%.