As lockdowns have gripped the globe, one industry that has shown resilience is the gaming industry. The amount of hours spent playing video games has grown by up to 45% in March 2023, according to Statista.
One of the biggest benefactors of this development is the gaming industry, which is now expected to grow more than 5% year over year up to 2027.
Gaming Chairs Market Projected Growth
A new report puts gaming chairs growth for the next 7 years at an annual 5.5%. The figures for the first quarter of 2023 are expected to be even higher as a record number of people shied away from going outside.
Gaming chairs, along with other household furniture, may be more difficult to find or more expensive because of the pandemic. The lockdowns caused supply chains to be disrupted. Plants were closed due to the lockdowns and, in some places, are just making their way back to work. Since customers rushed to stores and online sites at the beginning of the lockdown, quantities are currently limited.
Apart from a couple of high end brands such as DX Racer, much of the growth of gaming chairs seem to be occurring in the budget category such as GT Racing and Killabee noted the report.
The growth that is happening in the gaming market is also being seen in the entire furniture market. As individuals are spending more time in their homes, many are purchasing more furniture or upgrading their existing furniture. Stock prices for online furniture company Wayfair jumped 37%.
Qualities To Look For In A Gaming Chair
These are the essential qualities for a gaming chair.
- Adjustable seat height
- Adjustable armrests
- A chair base with wheel and swivels features for ease of movement
- Neck padding and lumbar support
- Reclining backrest
Gaming chairs come in all shapes, sizes, and price points. However, gaming professionals consider these qualities as essential features for extended gameplay.
The COVID pandemic accelerated the growth of the gaming chair market. Gaming chairs and the industry as a whole was expected to see increased growth. The global lockdowns have increased that growth. As more people stay home, they are continuing to turn to gaming as an outlet. Expect to see continued growth in sales as more people stay home while the virus runs its course. Shortages in products should resolve as factories can return safely to production.