The UK market for video game consoles and other games with an electronic display has experienced fluctuations in value per capita over the past decade, decreasing from €18.22 in 2013 to €14.55 in 2023. Notably, from 2018 onwards, there has been a general decline with minor recoveries in 2021. The year-on-year decrease from 2022 to 2023 was approximately 1.82%, while the compound annual growth rate (CAGR) over the last five years was about -1.05% per annum.
Future trends to watch for include:
- Advancements in gaming technology driving interest and spending.
- Increased mobile and cloud gaming impacting traditional console markets.
- Economic factors influencing discretionary spending on gaming.
- The potential resurgence in value driven by new console releases or systems.
