Gaming Hardware - Chile

Chile

Highlights

In Chile, revenue in the Gaming Hardware market market is projected to reach US$501.80m in 2024.
This revenue is expected to demonstrate an annual growth rate (CAGR 2024-2029) of 7.47%, leading to a projected market volume of US$719.50m by 2029.
Additionally, the number of users in the Gaming Hardware market market in Chile is anticipated to amount to 674.3k users by 2029.
User penetration in Chile will be 3.1% in 2024 and is expected to increase to 3.4% by 2029.
The average revenue per user (ARPU) in this market is expected to reach US$831.40.
In a global context, the majority of revenue will be generated China, which is anticipated to reach US$33.31bn in 2024.
In Chile, the gaming hardware market is experiencing a surge in demand, driven by a growing youth culture and increasing esports participation.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Gaming Hardware market in Chile has been experiencing significant growth in recent years.

Customer preferences: Chilean consumers have shown a growing interest in gaming hardware, particularly among the younger population. The popularity of gaming consoles, such as PlayStation and Xbox, has been on the rise, with many gamers seeking the latest models and accessories. Additionally, there is a growing demand for gaming PCs, as gamers look for high-performance machines to enhance their gaming experience.

Trends in the market: One of the key trends in the gaming hardware market in Chile is the increasing adoption of online gaming. With the widespread availability of high-speed internet and the growing popularity of multiplayer games, more gamers are opting for online gaming experiences. This trend has led to a higher demand for gaming accessories such as gaming headsets, keyboards, and mice, as well as gaming monitors with fast refresh rates and low response times. Another trend in the market is the rise of eSports in Chile. eSports tournaments and events have gained significant traction in the country, attracting both professional players and enthusiastic spectators. This has contributed to the increased demand for gaming hardware, as competitive gamers strive to have the best equipment to gain a competitive edge.

Local special circumstances: Chile has a vibrant gaming community, with numerous gaming cafes and dedicated gaming spaces. These venues provide gamers with access to high-performance gaming hardware and a social environment to connect with fellow gamers. The popularity of these gaming spaces has further fueled the demand for gaming hardware in the country.

Underlying macroeconomic factors: The growing gaming hardware market in Chile can be attributed to several underlying macroeconomic factors. Firstly, the country has experienced steady economic growth in recent years, which has led to an increase in disposable income among consumers. This has allowed more individuals to afford gaming hardware and accessories. Furthermore, the government of Chile has been supportive of the gaming industry, recognizing its potential for economic growth. Initiatives such as tax incentives and funding programs have encouraged the development of the gaming sector, leading to increased investment and innovation in gaming hardware. In conclusion, the gaming hardware market in Chile is experiencing significant growth due to customer preferences for gaming consoles and PCs, the increasing adoption of online gaming, the rise of eSports, the presence of gaming cafes and dedicated gaming spaces, as well as underlying macroeconomic factors such as economic growth and government support.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the Gaming Hardware market, which includes various types of gaming devices such as consoles, gaming PCs and laptops, and peripherals. This market covers both online and offline sales of gaming hardware. All monetary figures refer to consumer spending on these hardware products and accessories. This spending considers any discounts, margins, and taxes.

Modeling approach / Market size:

The market size is determined through a comprehensive approach. We utilize data from annual financial reports of leading companies, industry associations, third-party studies and reports, primary research surveys (e.g., Consumer Insights), and performance metrics (e.g., user adoption rates, price points, usage patterns) to analyze the markets. To estimate the segment size for each country, we consider relevant key market indicators and data from country-specific industry associations. This includes macroeconomic indicators, historical trends, current market dynamics, and reported performance metrics of key industry players. Factors like average prices and purchase frequencies are considered.

Forecasts:

We apply diverse forecasting techniques tailored to the behavior of the specific market. For instance, methods like trend smoothing and adoption curve analysis are well-suited for forecasting trends in gaming hardware, considering the evolving nature of technology adoption. The main drivers influencing forecasts include economic indicators such as GDP per capita, consumer spending per capita, and technological advancements like 5G coverage.

Additional notes:

The data is modeled using current exchange rates. The market is updated biannually to reflect any changes in market dynamics. The impact of external factors, such as the COVID-19 pandemic, is considered at the country-specific level. The text incorporates current exchange rates in its modeling. Additionally, any impacts from events like the Russia-Ukraine war or significant industry developments are considered on a country-specific basis. The market information is refreshed twice a year. In some instances, updates are made on an ad hoc basis, such as when new pertinent data is released or substantial shifts within the market impact projected trends. Consumer Insights data is reweighted to ensure representativeness.