The Racing Games Market is expected to grow from USD 1.60 Billion in 2022 to USD 3.10 Billion by 2030, at a CAGR of 10.50% during the forecast period.
The global racing games market is expected to grow at a CAGR of 9.3% during the forecast period of 2021-2026. The increasing popularity of e-sports and virtual reality gaming, coupled with the rising demand for high-quality graphics, are anticipated to fuel market growth. The emergence of new technologies such as cloud gaming and the introduction of advanced gaming consoles are further expected to boost the market expansion. North America is expected to hold the largest revenue share owing to the strong presence of major players and high consumer spending on gaming. The market is expected to reach USD 15.25 billion by 2026.
The objective of report is to define, segment, and project the market on the basis of product type, application, and region, and to describe the content about the factors influencing market dynamics, policy, economic, technology and market entry etc.
Racing games are a type of video game that revolves around car racing. The racing games market is segmented based on type (F2P, P2P), application (PC, Mobile, Console), region (North America, Asia Pacific, Middle East, Africa, Australia, and Europe), and market players (Turn 10 Studios (Microsoft), Codemasters, Electronic Arts Inc., Ubisoft, THQ Nordic, Gameloft, Milestone, Criterion, NaturalMotion, Slightly Mad Studios, iRacing, Creative Mobile, Bongfish, Fingersoft, Aquiris Game Studio, Vector Unit). The regulatory and legal factors specific to market conditions include regulations on game content and the increasing popularity of esports, which creates a need for standardized competition rules and regulations. The market is expected to grow due to the increasing adoption of mobile and PC-based games.