The global chess market is anticipated to grow at a CAGR of 1.8 % during the forecast period (2022-2028). The increasing demand for chess along with increasing popularity of chess and considering it as a part of the indoor sport is boosting the growth of the market. The increasing number of chess participants globally is directly boosting the demand for chess equipment and is boosting the growth of the market. The increasing number of national and international platforms provided for chess such as Olympic Games, World Championships, European Championships, Four Continents Championships, Grand Prix, Challenger Series, World Team Trophy, and Universiade has provided a great opportunity to the major manufacturer to build their brand equity by providing sponsorships and endorsements to well-known players and clubs, to gain a competitive advantage over their competitors and is also boosting the demand for chess equipment and is driving the demand of chess market. The increasing demand for different online chess platforms and online chess competitions and leagues globally is further boosting the demand for the chess market. Additionally, increasing government initiatives in many countries, meant to improve sports participation, are also anticipated to increase the demand for the chess market.
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Some major players in the market include ChessBaron, Official Staunton, Cnchess Chess Manufacturer, Shri Ganesh (India) International, and ABC-CHESS.com among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new launches, to stay competitive in the market. For instance,
- In April 2022, WYRE, INC. announced a new marketplace with Chess.com, to launch the first-of-its-kind, NFT ecosystem at the intersection of blockchain and gaming known as Treasure Chess.
- In November 2021, International Chess Federation announced the launch of its own NFT marketplace.
- In September 2021, NODWINGAMING announced its partnership with Samay Raina and ChessBase India for the launch of an exciting Online Chess League.
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Market Coverage
- The market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- ChessBaron, Official Staunton, Cnchess Chess Manufacturer, Shri Ganesh (India) International, ABC-CHESS.com, and
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Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Chess Market Report by Segment
By Type
- Wooden Chess
- Glass Chess
- Plastic Chess
By Application
- Indoor Sports
- Indoor Entertainment
- Other
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