Board games have seen a resurgence in popularity in recent years. As an investment opportunity, the board game industry offers some interesting prospects. This article will analyze the current state of the board game market, explore investment opportunities, and make some predictions for the future.
The board game industry continues to grow steadily
The global board game market was valued at around $12 billion in 2020 and is projected to grow at a CAGR of over 9% from 2021 to 2028. Key factors driving this growth include the popularity of strategy-based and educational games, nostalgia for classic games, and growth in hobby game cafes and conventions. Major players like Hasbro, Mattel, and Asmodee are releasing innovative new games while small startups are finding niches. Overall the industry outlook remains positive for investors.
Opportunities in crowdfunding and acquisitions
Many small board game designers and publishers got their start on crowdfunding platforms like Kickstarter and Gamefound. Investing in promising crowdfunded tabletop games can pay off big if they find an audience. And larger publishers are paying attention too – Asmodee has acquired the rights to many games first funded this way. This allows unique games to find wider audiences.
Growth of specialty hobby stores and cafes
While mass market sales are steady, the biggest growth recently has come from hobby stores catering to serious gamers. Stores like Game to Grow, Snakes and Lattes, and others are spreading. These stores build gaming communities and loyal followings of fans invested in the hobby. This sector offers opportunities for investors because the business models have room to mature.
The future looks bright, but not without risks
Continued innovation from major players and indie designers should keep consumers interested. And the social elements of board gaming are very relevant today. But production and shipping issues will continue to challenge creators and publishers. Sustained growth also requires continued consumer interest – a fickle thing. Still for savvy investors, reasonable risks should come with nice rewards.
The board game industry has significant room for continued expansion in the next 5-10 years. Crowdfunding, acquisitions, and hobby stores/cafes seem to offer the best investment opportunities currently. But wise investors will stay aware of production challenges and shifting consumer preferences as well.