The UK market for video game consoles and other games with an electronic display is projected to decline gradually from 2024 to 2028. The market size in 2024 is expected to be €975.12 million, decreasing to €916.91 million by 2028. From 2023 to 2024, the year-on-year variation indicates a trend of slight market contraction, as recorded in consecutive data. The compound annual growth rate (CAGR) for 2024-2028 reflects a steady average annual reduction in market size.
Factors driving this decline may include market saturation, shifts in consumer preferences towards mobile and PC gaming, and rising popularity of cloud gaming. Emerging trends to watch for include advancements in virtual reality (VR) and augmented reality (AR), which could reshape gaming experiences and stimulate market growth. Additionally, the integration of AI in gaming and development of new gaming platforms may create new market opportunities.
