China Playing Cards & Board Games Market Analysis with Size, Manufacturers, Applications and Forecast Research Report
According to a new report published by KD
Market Insights, titled,"China
Playing Cards & Board Games Market by
Product Type and Competition Type: Opportunity Analysis and Industry Forecast,
2018 - 2025,"The China playing cards & board games market size was
valued at $583.8 million in 2018, and is projected to reach $1,675.4 million by
2025, registering a CAGR of 16.3% from 2018 to 2025. In 2017, the board games
segment accounted for approximately two-thirds share in the China playing cards
& board games market and is projected to grow at the highest CAGR of 18.2%.
Playing cards & board games are very
popular and common products known by every age of person from child to adults.
They are used by end users for leisure as well as for learning. However,
playing cards have high demand in the gambling industry than household as these
are mainly used for playing various games such as Rummy, Blackjack, Bridge,
Roulette, and Sweeps in casinos, clubs & other places. On the other hand,
board games are very popular among kids, millennials, and adults which is also
an important factor affecting the China playing cards & board games market
size. These games play a crucial role in the growth and development of the
children. It helps to enhance the creativity and self-confidence. It also helps
to improve problem solving, critical, and logical reasoning skills. It is
proven fact that playing board games regularly will help to reduce the risk of
mental diseases such as Dementia and Alzheimer’s to a great extent. Apart from
this, playing cards & board games are effectively utilized by game bars
& cafes to increase social interactions. All these factors boost China playing
cards & board games market growth.
According to the China playing cards &
board games market forecast in 2018, the playing cards segment have occupied
33% of China playing cards & board games market share due to exponential
popularity and rise in number of live casinos. By competition type, Tier 1 was
the highest revenue generator for China playing cards & board games market
grabbing the share of 46.0% in market and estimated to grow at CAGR of 16.0%.
The expertise, strong infrastructure, and financial resources help tier 1
companies to account for maximum share in the market. For instance, Shanghai
Yaoji Playing Cards Co Ltd. is of the major company of playing cards holding
significant share in the China playing cards market. These companies are capable
to adopt technological advancements for the development of innovative products
and hence covers most of the market in terms of revenue and volume.
However, Chinese board games such as Weiqi
(Go), Xiangqi, Jungle, Chinese Checkers, Mahjong, Chinese Chess, and others
have high demand from the U.S. and Europe, and thus experiencing positive
growth during the forecast period. However, rise in related tariffs have
encouraged the major importers to switch to other cost effective options such
as India and Vietnam for production impacting the China playing cards &
board games industry negatively.
Browse Full Report & TOC: https://www.kdmarketinsights.com/product/china-playing-cards-and-board-games-market-amr
The playing cards & board games
manufacturers in China are majorly OEMs but now the manufacturers are focusing
on R&D and adopting technological advances to develop new products. Thus,
offering variety of new and innovative products to consumer. All of the above
will open avenues for growth in China playing cards & board games market.
Key findings of the China Playing
Cards & Board Games Market:
- In 2017, board games segment dominated the
China playing cards & board games market with 66% share in market
Playing cards segment occupied around 34% in the overall China playing cards & board games market share and is expected to grow at moderate CAGR of 7.3% through the forecast period.
- By competition type, Tier 1 segment has occupied the largest share in the market and is estimated to grow at CAGR of 16.0%.
- Tier 2 companies of the market are expected to grow at 17.3% CAGR during the forecast period
Playing cards segment occupied around 34% in the overall China playing cards & board games market share and is expected to grow at moderate CAGR of 7.3% through the forecast period.
- By competition type, Tier 1 segment has occupied the largest share in the market and is estimated to grow at CAGR of 16.0%.
- Tier 2 companies of the market are expected to grow at 17.3% CAGR during the forecast period
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