How big is the Console Gaming Market | Trends, Stats & Forecast 2025

Q: What is the current market size of the console gaming market in USD?

As of 2024, the console gaming market is valued at approximately USD 43.2 billion.

Q: What factors are driving the growth of the console gaming market?

Key factors include rising esports popularity, exclusive game titles, and advances in gaming hardware.

Q: What is the expected CAGR of the console gaming market from 2024 to 2031?

The console gaming market is projected to grow at a CAGR of 8.0% during the forecast period.

Q: Who are the leading companies in the console gaming market?

Major players include Sony, Microsoft, Nintendo, EA, and Activision Blizzard.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

Q: Do you also provide customisation in the market study?

Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

Code: MTA4946

Publication Date: Jul 2025

What is the Console Gaming Market Size?

According to 6Wresearch internal database and industry insights, the Global Console Gaming market was valued at USD 43.2 billion in 2024 and is anticipated to exceed USD 72.5 billion by 2031, registering a steady at a CAGR of 8% during the forecast period.

The console gaming market is witnessing robust growth driven by new technology in gaming devices, better immersive experiences, and the growing popularity of AAA games. The market is growing even faster since there are more gamers in emerging economies, the esports culture is growing, and new products are coming out all the time.

Major Growth Factors of the Console Gaming Industry

Increasing popularity of esports and competitive gaming
Frequent launch of exclusive and franchise-based titles
Rise in demand for high-definition and immersive gaming
Growth in gaming subscriptions and digital distribution platforms
Expanding internet penetration and online multiplayer support
Advancements in gaming hardware and software

Console Gaming Market Trends

The console gaming market is experiencing a shift toward cloud integration, compatibility with many platforms, and subscription-based approaches. 4K graphics and AI-driven games are making realism more important. People are also buying more digital games instead of physical ones, which means they don't have to rely on physical media as much.

Emerging Developments in the Console Gaming Industry

Console manufacturers are investing in cloud gaming environments and looking into how VR and AR may work together. There is a push for game creation that includes everyone and NPCs that use AI. Game studios and tech businesses are also working together more often, which is speeding up innovation in performance, accessibility, and interactive narrative.