Market Research Report Global chess market future,Global chess market res | Page 2

The Chess market analysis is well provided especially for the international market
also featuring the development history, competitive landscape analysis, and
major regions’ development status.
It provides the essential statistics that point towards the state of the industry and
serves as a valuable source of guidance and direction for companies and
individuals who are interested in the market.
Though the online and virtual games have replaced the need for players to buy
physical games, yet the chess industry has managed to survive well and it
continues to evolve despite the widespread use of internet games.
The compounded annual growth rate of chess industry had been registered as
2.5% while the chess industries of countries like the United States, Europe, Japan,
and China have reckoned for 43% share of the global consumer market.
Companies namely The House of Staunton, ChessSUA, CNCHESS, ChessBaron, Shri
Ganesh (India) International, Chessncrafts, chessbazaar.com, Official Staunton,
ABC-CHESS.com, Yiwu Linsai and more are the major competitors involved
worldwide in this industry.
Sponsorships and competitive playing have driven a perfect money making
business exceeding most other board games and in the coming years is also seen
as the major reason for the growth of the industry along with other innovations
and opportunities to come up.
The average output growth rate of this industry in China was recorded as 3.1%
and it is further believed that it will rise speedily with an average growth rate of
3.2% in the years to proceed.
The market of Chess industry swerve to be focused on economic developed
regions and the consumer markets in the region of emerging economies like
China, India, Brazil, etc are on the mount; the demand for this industry is seen as
augmenting unceasingly.