At 8.6% CAGR, Europe Gaming Controller Market is Projected to be Worth US$ 825.25 Million by 2030, says Business Market Insights

According to Business Market Insights’ research, the Europe gaming controller market was valued at US$ 427.57 million in 2022 and is anticipated to reach US$ 825.25 million by 2030, recording a CAGR of 8.6% from 2022 to 2030. Rise in number of professional gamers and shift in digital and cloud gaming are among the critical factors attributed to drive the Europe gaming controller market growth.

The rise of professional gaming has heightened the demand for controllers that offer competitive advantages. Pro-level controllers mostly come with customizable buttons, additional features, and robust build quality to meet the specific needs of professional gamers. Professional gamers require precise control over their in-game actions. Manufacturers respond by developing controllers with advanced features such as customizable buttons, adjustable trigger sensitivity, and programmable profiles. For instance, controllers from brands such as SCUF Gaming offer customizable options to meet the specific preferences of professional players. Many professional gamers are sponsored by gaming peripheral companies to promote and use specific gaming controllers during competitions. Also, the number of gaming leagues and tournaments worldwide has increased significantly, with events such as The International (Dota 2) and the League of Legends World Championship drawing massive viewership. Many professional gamers live stream on platforms such as Twitch, where they showcase their gameplay. As professional gamers become content creators, the controllers they use gain visibility among their fan bases. This, in turn, influences other gamers' preferences, driving the adoption of specific controllers. Thus, the rising number of professional gamers is expected to provide growth opportunities for the gaming controller market. The demand for controllers with advanced features, customization options, and durability has increased as esports continue to thrive, influencing both casual and competitive gamers. Manufacturers are responding to these trends by developing controllers that meet the specific needs of professional gamers, further fueling the growth of the gaming controller market.

On the contrary, increase in counterfeit controllers hampers the growth of Europe gaming controller market.

Based on product type, the Europe gaming controller market is segmented into gamepad, joystick, trackball, steering wheel, throttle quadrant, and others. The gamepad segment held 39.1% market share in 2022, amassing US$ 167.35 million. It is projected to garner US$ 365.07 million by 2030 to register 10.2% CAGR during 2022–2030.

In terms of compatibility, the Europe gaming controller market is segmented into pcs, console, and mobile. The pcs segment held 44.0% share of Europe gaming controller market in 2022, amassing US$ 188.30 million. It is anticipated to garner US$ 306.00 million by 2030 to expand at 6.3% CAGR during 2022–2030.

By connectivity, the Europe gaming controller market is divided into wired and wireless. The wired segment held 61.5% share of Europe gaming controller market in 2022, amassing US$ 262.94 million. It is projected to garner US$ 465.16 million by 2030 to expand at 7.4% CAGR from 2022 to 2030.

Based on type of distribution channel, the Europe gaming controller market is bifurcated into offline and online. The offline segment held 62.3% share of Europe gaming controller market in 2022, amassing US$ 266.37 million. It is predicted to garner US$ 475.95 million by 2030 to expand at 7.5% CAGR between 2022 and 2030.

By end use, the Europe gaming controller market is bifurcated into personal and commercial. The personal segment held 64.7% share of Europe gaming controller market in 2022, amassing US$ 276.47 million. It is estimated to garner US$ 501.63 million by 2030 to expand at 7.7% CAGR during 2022–2030.

Based on country, the Europe gaming controller market is categorized into Germany, the UK, France, Italy, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 25.7% share of Europe gaming controller market in 2022. It was assessed at US$ 109.85 million in 2022 and is likely to hit US$ 213.72 million by 2030, registering a CAGR of 8.7% during 2022–2030.

Key players operating in the Europe gaming controller market are Guillemot Corp SA, Microsoft Corp, Logitech International SA, Corsair Gaming Inc, ACCO Brands Corp, Mad Catz Global Ltd, Sabrent, Sony Group Corp, Razer Inc, and Nintendo Co Ltd, among others.

• In August 2023, Thrustmaster, a brand of Guillemot Corp SA unveiled its new racing wheel mounting system, including a rotary spinner knob. The SimTask Steering Kit complements the heavy vehicle driving simulators. It allows gamers to set up their racing wheel flat-mounted, delivering an immersive experience when driving farm machinery. The product is compatible with Thrustmaster T128 and T248 racing wheels. 
• In May 2022, Microsoft Corp announced a new Controller Bar for Windows Insiders, which offers an Xbox Game bar preview. The bar is compatible with Windows 11 PC having. Insider Preview is built in the Dev and Beta Channels.

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