Video gaming is one of the fastest-growing sectors in the industry. Video gaming comprises different modes of gaming, including console gaming, PC gaming, and mobile gaming, out of which console gaming accounts for 22% with a market value of almost $38 billion in 2021.
The video gaming industry was among the few businesses that thrived during the outbreak of the COVID-19 pandemic. It includes the creation, promotion, and monetization of video games.
Console gaming is a form of video game that uses images and sounds produced by a gaming console, which are shown on a television or other comparable audio-video system and can be controlled by the player. It is one of the fastest-growing segments in the video gaming industry. This segment registered notable growth in 2021 even though most businesses were affected by the outbreak of the COVID-19 pandemic.
The UK is the market leader in console gaming in Europe, with a value of $3.7 billion in 2021, accounting for 33% market value of the Europe region. It is among the top five countries consistently for the past few years in the global console gaming segment and surpassed France to become the second largest market globally with a contribution of 10% to the global market size in 2021.
The console gaming market in the UK grew by 20% in 2021 as the demand for console gaming increased following the shutdown of outdoor games owing to the pandemic which forced people around the globe to spend most of their time at home due to the lockdowns.
France, which used to be the market leader in Europe for the past few years, slipped a place to second position in 2021 in the console gaming market, with a share of $3.3 billion accounting for 30% of the region’s market size in the console gaming segment. The console video gaming market in France saw a growth of 8% in 2021.
Spain comes next in the list, making it the third-largest market in the Europe region for the console gaming segment with $1.3 billion in 2021, showing a growth of 12% from the previous year. These three countries combined makeup 75% of the region’s console gaming market. Europe accounts for 29% of the global market size of console gaming, making it the second largest market behind North America.
The major companies that have a strong presence in the console gaming market in Europe include Gameloft, Ubisoft, and CD Projekt.
United States of America
United States of America
China
Japan
China
Japan
United Kingdom
United States of America
United States of America
United States of America
Don’t wait - discover a universe of connected data & insights with your next search. Browse over 28M data points across 22 industries.
Access more premium companies when you subscribe to Explorer