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China Playing Cards amp; Board Games Market by Product Type and Competition Type: Opportunity Analysis and Industry Forecast, 2018-2025
The China playing cards amp; board games market size was valued at $583.8 million in 2018, and is projected to reach $1,675.4 million by 2025, registering a CAGR of 16.3% from 2018 to 2025. In 2017, the board games segment accounted for approximately two-thirds share in the China playing cards amp; board games market and is projected to grow at the highest CAGR of 19.2%.
Playing cards are very popular and common products known by every age of person from child to adults. These are flat, rectangular pieces of layered pasteboard typically used for playing a variety of games of skill or chance. There are different types and variety of playing cards available in the market but the principle of all is that 52 cards are divided into four categories of 13 leaves—Spade, Heart, Diamond, and Club. They are used by kids, juvenile, and adults for leisure amp; recreational purpose. They are mostly used for gambling and hence have high demand across casinos, clubs, and other places. Blackjack, Bridge, Roulette, Sweeps, and Rummy are the popular games played in aforementioned places. Board games alternatively known as tabletop games are played using a board where pieces or counters are places and moved over the board. They also include cards and dice games. These games were traditionally played in their physical format using boards, cards, dice, and playing tokens. The China playing cards amp; board games market demand is also driven by factors such as rise in number of game bars amp; cafes, growth in popularity of such games in young population, and increase in number of crowdfunding platforms for designers amp; manufacturers. All of the above contribute to the China playing cards amp; board games market growth during the forecast period.
The China playing cards amp; board games market report contains competitive landscape for manufacturers and also provides extensive list of importers of the U.S. and Europe from China. The key companies profiled in the China playing cards amp; board games market report are ShangHai YaoJi Playing Card Co.,Ltd., Shenzhen YHD Packaging Products Co., Ltd., Shenzhen ITIS Packaging Products Co., Ltd, Shenzhen Yahong Color Printing Co., Ltd., Zhejiang Chinu Packing amp; Printing Co., Ltd., Ningbo Charron Industry Co., Ltd., Shenzhen Swarm Playing Cards Co., Ltd. Yangzhou Jinyi Stationery Co., Ltd., Yangzhou Jumbay International Trading Co., Ltd., and Dongguan Bright Sea Industrial Co., Ltd.
China Playing Cards amp; Board Games Market By Product Type
According to the China Playing cards amp; board games market forecast, in 2018, the board games dominated the China playing cards amp; board games market and is expected to grow at a CAGR of 19.2%. The increase in popularity and rise in number of live casinos help in the expansion of the China playing cards amp; board games Market. Ordinary playing cards are made up of paperboard but in the modern standards of living the most appealing and attractive playing cards are made on PVC coating card substrates and plastics laminated. Better look, non-effective on water, longer lasting and protection from dust are the advantages of such playing cards. The demand for customized playing cards such as gold foil, silver foil, and transparent PVC playing cards from various countries boost the growth of the China playing cards manufacturing industry.
According to the china playing cards amp; board games market analysis in 2018, the Tier 1 category of competition type segment was the highest contributor with 46.0% and is estimated to grow at a CAGR of 16.0% from 2018 to 2025. Tier 2 category is estimated to reach $650.7 million by 2025 with a CAGR of 17.3%. Tier 1 firms are the largest, wealthiest, and most experienced in the industry. These firms are exclusive and main players of the market. These companies take on major commercial projects as they have the expertise, resources, and finances to take on such large-scale projects. These companies are capable to adopt technological advancements for the development of innovative products and hence cover most of the market in terms of revenue and volume. However, the market players in the Tier 2 category are prominent players of industry collectively occupying the considerable share in the China playing cards amp; board games industry. These companies are capable enough for large-scale production. Adoption of strong marketing initiatives and the development of strong distribution network can help these companies to improve their hold in the China Playing cards amp; board games market share.
Key Benefits for China Playing Cards amp; Board Games Market:
First of all, chess and card games are simple and fast-paced
Chess and card game is a simple and fast-paced game in China. Players can play two pieces of chess and card anytime and anywhere without delaying work and killing time. It is a very good way of entertainment. Thats why there are so many investors willing to invest in board games over the years.
In addition, the age span of chess and card players is large
Chess and card games have a group of players across almost all age groups. Compared with other younger games, they have a larger group of players, which also means that such games can bring entertainment to groups of different ages, but also allow investors to have higher returns. This is why chess and card games are so popular today.
Finally, chess and card games have the advantage of low investment and high return
Unlike other games, chess and card games need high investment and publicity, but they are well-known and easy to play. This type of game has the advantage of low investment and high return, which is also the reason why it is popular in the market.
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