ReportsnReports.com adds "Board Games Market in Europe - Industry Outlook and Forecast 2018-2023" report to its research store. Key Major Players are Asmodée Éditions (Group), Hasbro, Mattel & Ravensburger

pune, India -- (SBWire) -- 01/27/2019 --This market research report on Europe board games market offers analysis on market size & forecast, market share, industry trends, growth drivers, and vendor analysis. The market study also includes insights on segmentation by product type (tabletop games, card & dice games, collectible card games, miniature games, and RPG board games), by theme type (strategy & war games, educational games, fantasy games, sport games, and others), by distribution channel (online and retail), and by key country (France, Germany, Italy, Spain, UK, Turkey, and others).

Europe Board Games Market - Overview

The growing popularity of strategy and war games and educational games is primarily driving the growth of the Europe board games market. The lure of hands-on and heads-on skill and knowledge development for different age groups is attributing to the popularity of these table top games in the European market.

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The leading manufacturers in the market are focusing on designing and creating an engaging and competitive environment that requires players to focus reinforce and apply to learn. These games are expected to improve games elements, problem-solving skills, discussions, and communication among players in the European market.

The complexity of several of these games will encourage the end-user to solve problems and handle situations that allow players to think through and apply what they have learned in an effective manner. The main advantage of playing these games help consumers to build on their communication and relationship skills. The economic development and increase consumer?s purchasing power are driving the demand for these products in the European market. Countries such as Germany and the UK are the largest consumers and highest revenue generators in the Europe board games market. Some games designed specifically for corporates will enhance the learning ability of professionals and helps to improve the working relationship with employees in the market.

The major vendors in the European Board Games market are:
1. Asmodée Éditions (Group)
2. Hasbro
3. Mattel
4. Ravensburger

Some of the award-winning games available in the European market include Monopoly, Settlers of Catan, and Pandemic. The games designed for this region focus on building resources and optimum management of resources, thus keeping all the players engaged until the end of the game. Development of such consumer specific games will help manufacturers gain a larger market share in the European market. The Europe board games market is projected to reach revenues of approximately $4 billion by 2023, growing at a CAGR of around 6% during 2017-2023.

The proliferation of the internet and social media channels are shaping the end-users? purchasing behavior and boosting sales in the Europe board games market. Top retail giants such as Sainsbury?s, Target, Carrefour, Lowe's, Metro, Costco, Groupe Auchan, and Walmart account for over 68% of the total sales volume in the European market. The market is also witnessing a shift to digital channels where consumers research about pricing and other related information of various games available in the market. Online platforms are used extensively by end-users to compare prices and features of games. This shift in consumer behavior is encouraging marketers and retailers to adopt omnichannel retailing to facilitate seamless shopping experience in the European market. The increasing penetration of wireless broadband internet, strong adoption of smartphones and tablets, and growth of social media users are some of the factors that will attribute to the growth of online retail channels in the Europe board games market.

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The Europe board games market by product type is categorized into tabletop games, card & dice games, collectible card games, miniature games, and RPG board games. Tabletop games dominated the majority of the market share in 2017, growing at a CAGR of around 7% during the forecast period. The growing demand among grade-schoolers, teenagers, and adults for strategy-based tabletop gamesis propelling the growth of this segment in the European market. The rise in the number of social gatherings amongst the millennial end-user group and the popularity of the game night concept will contribute to the growing revenues in this segment in the market. France, Germany, and the UK are the largest consumers of this type of games in the European market. Publishers of tabletop games target mass market due to their wide user base, which is driving the growth of this segment in the Europe board games market.

Fantasy-based TV shows are driving the demand for games in the Europe board games market during the forecast period

Price comparison ability through online platforms will increase sales in the Europe board games market during the forecast period

The Europe board games market by distribution channel is segmented into retail (specialty store, mass-market players, and other stores) and online stores. Online stores dominated a portion of the market share in 2017, growing at a CAGR of over 6% during the forecast period. The exponential growth of online platforms such as Amazon, eBay, Argos, and John Lewis are leading to the growth of this segment in the European market.

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