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Gaming Hardware - Hungary

Hungary

Revenue in the Gaming Hardware market is projected to reach US$395.90m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 6.98%, resulting in a projected market volume of US$554.80m by 2029.
In the Gaming Hardware market, the number of users is expected to amount to 359.0k users by 2029.
User penetration will be 3.2% in 2024 and is expected to hit 3.7% by 2029.
The average revenue per user (ARPU) is expected to amount to US$1.23k.
In global comparison, most revenue will be generated in China (US$33,310.00m in 2024).

Key regions: United States, Japan, United Kingdom, South Korea, India

Market

Region

Region comparison

Currency

Analyst Opinion

The Gaming Hardware market in Hungary is experiencing significant growth and development, driven by a number of factors.

Customer preferences: Hungarian consumers have shown a strong preference for gaming hardware, with a particular focus on high-performance gaming PCs and gaming consoles. This can be attributed to the increasing popularity of video games and esports in the country.

Trends in the market: One of the key trends in the Hungarian Gaming Hardware market is the rising demand for gaming laptops. This can be attributed to the increasing number of gamers who prefer the portability and convenience of gaming on the go. Additionally, the growing popularity of esports tournaments in Hungary has also contributed to the demand for gaming laptops, as they provide a competitive advantage to professional gamers. Another trend in the market is the increasing adoption of virtual reality (VR) gaming. Hungarian gamers are increasingly interested in immersive gaming experiences, and VR technology offers just that. The availability of affordable VR headsets and the release of VR-compatible games have further fueled the demand for VR gaming hardware in Hungary.

Local special circumstances: Hungary has a vibrant gaming industry, with a number of local game developers and studios gaining recognition both domestically and internationally. This has created a favorable environment for the growth of the Gaming Hardware market, as local gamers are more inclined to support and invest in gaming hardware to enhance their gaming experiences.

Underlying macroeconomic factors: The strong economic growth in Hungary has contributed to the development of the Gaming Hardware market. As disposable incomes increase, consumers have more purchasing power to invest in gaming hardware. Additionally, the increasing popularity of online gaming and esports has created a lucrative market for gaming hardware manufacturers and retailers. In conclusion, the Gaming Hardware market in Hungary is experiencing significant growth and development, driven by customer preferences for high-performance gaming PCs and gaming consoles, as well as the increasing demand for gaming laptops and VR gaming. The local special circumstances, including the vibrant gaming industry in Hungary, further contribute to the growth of the market. The underlying macroeconomic factors, such as strong economic growth and the popularity of online gaming, also play a crucial role in the development of the Gaming Hardware market in Hungary.

Methodology

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.