U.S. Racing Chair Market, By Application (Household, Commercial), Distribution Channel (Online, Offline) Industry Trends and Forecast to 2029.
Market Analysis and Insights: U.S. Racing Chair Market
The U.S. racing chair market is expected to grow in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 6.4% in the forecast period of 2022 to 2029 and is expected to reach USD 77,737.99 thousand by 2029.
A racing chair is commonly designed in racer-style gaming, with a tall winged back, bucket seat, and raised seat edges. Gamers often usually find lumbar and head support cushions included, with armrests that can be adjusted in at least three directions. Racing chairs are specially designed to provide comfort to the gamers and support their sitting position in long hours of racing. The racing chairs are quite identical to the executive or office chairs with adjustable backrests and armrests.
The chair's angle is also adjustable and can be tilted up to 90 degrees in the case of some chairs. Some racing chairs also include built-in electronic equipment such as speakers, vibration, RGB lighting, and others. The integration of electronic equipment helps the player increase its efficiency of playing games by providing the racing gears well within reach.
Some racing chairs do not have any wheelbase or base at such; the chair is directly kept on the floor and provides high comfort. However, these chairs do not provide an armrest, making it highly difficult for gamers. The chairs use cold foam for comfort and leather covering for the elite look and high durability. Companies are also providing them with a steel structure for high strength, and they are focusing on ergonomics for providing better comfort to the players.
However, the high price of these racing gaming chairs may hamper the growth of the market. Moreover, increasing issues of people regarding fitness and health are encouraging them to move to outdoor games, which may restrain the growth of the U.S. racing chair market.
This racing chair market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographical expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
U.S. Racing Chair Market Scope and Market Size
The U.S. racing chair market is segmented into two notable segments based on application and distribution channel.
- Based on application, the U.S. racing chair market is segmented into household and commercial. In 2022, the commercial segment is expected to dominate the overall market with the largest market share as most of the chairs commercial used with emerging trends of online PC gaming.
- Based on distribution channel, the U.S. racing chair market is segmented into offline and online. In 2022, the online segment is expected to dominate the overall market with the largest market share as most online distribution companies offer their bestselling chairs in a low price range.
Rising Gaming Centers Provide Better Gaming and Entertainment Experience
Racing chair market also provides you with detailed market analysis for every country growth in installed base of different kind of products, impact of technology using life line curves and changes regulatory scenarios and their impact on the racing chair market. The data is available for the historic year 2020.
Competitive Landscape and Racing Chair Market Share Analysis
Racing chair market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to racing chair market.
Some of the major players operating in the U.S. racing chair market are Playseat, Next Level Racing, OpenWheeler, CXC SIMULATIONS, vevor, VOLAIR SIM, Trak Racer, RACETECH MANUFACTURING LIMITED, GTR Simulator, GT OMEGA, OMP Racing, Sim Seats, and SPARCO, among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
For instance,
- In June 2021, Trak Racer announced the partnership with Simucube from Granite Devices to launch a direct drive force feedback controller. This partnership has helped the company to deliver the best quality gaming experience without breaking the bank and diversify the product portfolio
- In March 2021, CXC SIMULATIONS featured at Henry Ford Museum, showcasing its advanced racing simulators for home and personal use, and was selected for the Driven to Win exhibit. This has helped the company to showcase its products easily to customers and can attract new customers without traditional advertisements and marketing strategies
Partnership, joint ventures and other strategies enhances the company market share with increased coverage and presence. It also benefits the organisation to improve their offering for racing chair market through an expanded product range.
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Table of Content
1 INTRODUCTION
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 OVERVIEW OF U.S. RACING CHAIR MARKET
1.4 LIMITATIONS
1.5 MARKETS COVERED
2 MARKET SEGMENTATION
2.1 MARKETS COVERED
2.2 GEOGRAPHICAL SCOPE
2.3 YEARS CONSIDERED FOR THE STUDY
2.4 CURRENCY AND PRICING
2.5 DBMR TRIPOD DATA VALIDATION MODEL
2.6 MULTIVARIATE MODELLING
2.7 APPLICATION TYPE TIMELINE CURVE
2.8 MARKET APPLICATION COVERAGE GRID
2.9 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS
2.1 DBMR MARKET POSITION GRID
2.11 SECONDARY SOURCES
2.12 ASSUMPTIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 CONSUMER PREFERENCES
4.2 FACTORS INFLUENCING BUYING DECISION
4.3 PRODUCT ADOPTION SCENARIO
4.4 PORTER’S FIVE FORCE ANALYSIS
4.5 TECHNOLOGICAL OVERVIEW
5 MARKET OVERVIEW
5.1 DRIVERS
5.1.1 RISING GAMING CENTERS TO PROVIDE BETTER GAMING AND ENTERTAINMENT EXPERIENCE
5.1.2 INCREASING DEMAND FOR HIGH-END PERSONAL COMPUTERS
5.1.3 INCREASING PENETRATION OF HIGH-SPEED INTERNET CONNECTIVITY
5.1.4 RISING NUMBER OF ESPORT TOURNAMENTS ORGANIZED IN NORTH AMERICA
5.2 RESTRAINT
5.2.1 LIMITATIONS RELATED TO CHAIR DESIGNS
5.3 OPPORTUNITIES
5.3.1 RISE IN TREND OF ONLINE STREAMING
5.3.2 INCREASING GROWTH IN VR RACING SIMULATORS
5.3.3 GROWING ADOPTION OF GAMING SIMULATORS FOR VARIOUS APPLICATIONS
5.3.4 INCREASING POPULARITY OF VIDEO GAMES
5.4 CHALLENGE
5.4.1 HIGH RANGE OF COST
6 COVID-19 IMPACT ON MARKET
6.1 AFTERMATH OF THE RACING CHAIR MARKET
6.2 STRATEGIC DECISIONS FOR MANUFACTURERS AFTER COVID-19 TO GAIN COMPETITIVE MARKET SHARE
6.3 IMPACT ON PRICE
6.4 IMPACT ON DEMAND
6.5 IMPACT ON SUPPLY CHAIN
6.6 CONCLUSION
7 U.S. RACING CHAIR MARKET, BY APPLICATION
7.1 OVERVIEW
7.2 COMMERCIAL
7.3 HOUSEHOLD
8 U.S. RACING CHAIR MARKET, BY DISTRIBUTION CHANNEL
8.1 OVERVIEW
8.2 ONLINE
8.2.1 THIRD PARTY WEBSITES
8.2.2 COMPANY OWNED
8.3 OFFLINE
9 U.S. RACING CHAIR MARKET: COMPANY LANDSCAPE
9.1 COMPANY SHARE ANALYSIS: U.S.
10 SWOT ANALYSIS
11 COMPANY PROFILE
11.1 CXC SIMULATIONS
11.1.1 COMPANY SNAPSHOT
11.1.2 PRODUCT PORTFOLIO
11.1.3 RECENT DEVELOPMENTS
11.2 VOLAIR SIM
11.2.1 COMPANY SNAPSHOT
11.2.2 PRODUCT PORTFOLIO
11.2.3 RECENT DEVELOPMENT
11.3 GTR SIMULTAOR
11.3.1 COMPANY SNAPSHOT
11.3.2 PRODUCT PORTFOLIO
11.3.3 RECENT DEVELOPMENT
11.4 SPARCO
11.4.1 COMPANY SNAPSHOT
11.4.2 PRODUCT PORTFOLIO
11.4.3 RECENT DEVELOPMENTS
11.5 OPENWHEELER
11.5.1 COMPANY SNAPSHOT
11.5.2 PRODUCT PORTFOLIO
11.5.3 RECENT DEVELOPMENT
11.6 GT OMEGA
11.6.1 COMPANY SNAPSHOT
11.6.2 PRODUCT PORTFOLIO
11.6.3 RECENT DEVELOPMENTS
11.7 NEXT LEVEL RACING
11.7.1 COMPANY SNAPSHOT
11.7.2 PRODUCT PORTFOLIO
11.7.3 RECENT DEVELOPMENTS
11.8 OMP RACING
11.8.1 COMPANY SNAPSHOT
11.8.2 PRODUCT PORTFOLIO
11.8.3 RECENT DEVELOPMENTS
11.9 PLAYSEAT
11.9.1 COMPANY SNAPSHOT
11.9.2 PRODUCT PORTFOLIO
11.9.3 RECENT DEVELOPMENTS
11.1 RACETECH MANUFCATURING LIMIITED
11.10.1 COMPANY SNAPSHOT
11.10.2 PRODUCT PORTFOLIO
11.10.3 RECENT DEVELOPMENT
11.11 SIM SEATS
11.11.1 COMPANY SNAPSHOT
11.11.2 PRODUCT PORTFOLIO
11.11.3 RECENT DEVELOPMENT
11.12 TRAK RACER
11.12.1 COMPANY SNAPSHOT
11.12.2 PRODUCT PORTFOLIO
11.12.3 RECENT DEVELOPMENT
11.13 VEVOR
11.13.1 COMPANY SNAPSHOT
11.13.2 PRODUCT PORTFOLIO
11.13.3 RECENT DEVELOPMENT
12 QUESTIONNAIRE
13 RELATED REPORTS
List of Table
TABLE 1 U.S. RACING CHAIR MARKET, BY APPLICATION, 2020-2029 (USD THOUSAND)
TABLE 2 U.S. RACING CHAIR MARKET, BY APPLICATION, 2020-2029 (THOUSAND UNITS)
TABLE 3 U.S. RACING CHAIR MARKET, BY DISTRIBUTION CHANNEL, 2020-2029 (USD THOUSAND)
TABLE 4 U.S. RACING CHAIR MARKET, BY DISTRIBUTION CHANNEL, 2020-2029 (THOUSAND UNITS)
TABLE 5 U.S. ONLINE IN RACING CHAIR MARKET, BY TYPE, 2020-2029 (USD THOUSAND)
TABLE 6 U.S. ONLINE IN RACING CHAIR MARKET, BY TYPE, 2020-2029 (THOUSAND UNITS)
List of Figure
FIGURE 1 U.S. RACING CHAIRS MARKET: SEGMENTATION
FIGURE 2 U.S. RACING CHAIR MARKET: DATA TRIANGULATION
FIGURE 3 U.S. RACING CHAIR MARKET: DROC ANALYSIS
FIGURE 4 U.S. RACING CHAIR MARKET: COUNTRY VS REGIONAL MARKET ANALYSIS
FIGURE 5 U.S. RACING CHAIR MARKET: COMPANY RESEARCH ANALYSIS
FIGURE 6 U.S. RACING CHAIR MARKET: MARKET APPLICATION COVERAGE GRID
FIGURE 7 U.S. RACING CHAIR MARKET: INTERVIEW DEMOGRAPHICS
FIGURE 8 U.S. RACING CHAIR MARKET: DBMR MARKET POSITION GRID
FIGURE 9 U.S. RACING CHAIR MARKET: SEGMENTATION
FIGURE 10 THE GROWING NEED FOR BUSINESS AGILITY IS EXPECTED TO DRIVE U.S. RACING CHAIR MARKET IN THE FORECAST PERIOD OF 2022 TO 2029
FIGURE 11 COMMERCIAL SEGMENT IS EXPECTED TO ACCOUNT FOR THE LARGEST SHARE OF U.S. RACING CHAIR MARKET IN 2022 & 2029
FIGURE 12 DRIVERS, RESTRAINT, OPPORTUNITIES, AND CHALLENGE OF U.S. RACING CHAIR MARKET
FIGURE 13 GAMING CONSOLE PRICE INFLATION
FIGURE 14 TOTAL PERCENTAGE OF HOUSEHOLDS WITH AT LEAST ONE COMPUTER
FIGURE 15 PERCENTAGE OF INTERNET USERS WITH RESPECT TO TOTAL U.S. POPULATION
FIGURE 16 TWITCH TOTAL HOURS STREAMED PER QUARTER
FIGURE 17 U.S. RACING CHAIR MARKET: BY APPLICATION, 2021
FIGURE 18 U.S. RACING CHAIR MARKET: BY DISTRIBUTION CHANNEL, 2021
FIGURE 19 U.S. RACING CHAIR MARKET: COMPANY SHARE 2021 (%)
Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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