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U.S. Video Game Market Shows a Declining Growth

U.S. Video Game Market Shows a Declining Growth

Gaming Sep 20,2019 0

The last three years have been a period of remarkable performance for the U.S. video game market, but 2019 is not forecast to reach the double-digit percentage gains we’ve seen in recent years.

However, continued strength in mobile, growth in digital spending on consoles, and a thriving Nintendo Switch platform are projected to be the primary factors that will lead to $44.6 billion in annual consumer spend for the total video games industry in the U.S., an increase of 6 percent, according to Mat Piscatella, Industry Analyst, U.S. Games at NPD.

The forecast 6 percent growth for total U.S. video game industry spending across content, hardware and accessories is considerably smaller than the 14 percent growth achieved in 2018, and 20 percent growth in 2017.

Sales of video game content, which includes full game sales, downloadable content & microtransactions, as well as subscriptions across mobile, console, portable and PC, is forecast to grow by 9 percent when compared to a year ago, to $37.8 billion. Mobile and console digital growth is expected to offset declines across other content segments such as physical and PC digital.

Sales of console and portable hardware are forecast to reach $4.4 billion, a decline of 12 percent when compared to 2018. Growth in sales of Nintendo Switch hardware is expected to be offset by declines across PlayStation 4 and Xbox One hardware. These declines will be driven by cycle timing as new hardware platforms from both Sony and Microsoft are expected to reach the market in 2020.

Accessory sales are also expected to decline as gains in gamepad spending will not be able to offset declines across other accessory segments. Accessory spending should reach $2.2 billion in 2019, with declines of 8 percent when compared to a year ago.

Piscatella is predicting Call of Duty: Modern Warfare to be the best-selling game of 2019 in the U.S. market. This would mark the ninth time a Call of Duty game has led the U.S. market in full game sales over the last 11 years. Other top sellers:

NBA 2K20 will be the second best-selling game of the year, climbing from its position as the third best-selling game last year.

Madden NFL 20 will be the year’s third best-selling game (Madden NFL is the best-selling Sports franchise of all time in the U.S. market).

Nintendo Switch was the best-selling hardware platform in the U.S. during the first half of the year; and it’s the only platform that’s experiencing year-on-year growth. This trend is expected to continue through the remainder of 2019, driven by the launch of the Nintendo Switch Lite, and the release of Pokémon Sword and Pokémon Shield.

Nintendo Switch hardware could reach an annual unit sales total not seen in the U.S. market since the Xbox 360 in 2011.

Strong percentage growth in subscription spending is expected to continue throughout the holiday window (calendar Q4) as services such as Xbox Game Pass, PlayStation Now and Nintendo Switch Online continue to build consumer bases. However, streaming services such as Google Stadia are not forecast to have a meaningful impact on overall market sales in the fourth quarter of the year.

Next year will bring many changes to the U.S. video game marketplace. New console hardware from Microsoft and Sony will be introduced, streaming services such as Google Stadia will have a full year in market, and mobile offerings like Apple Arcade will continue to evolve. In addition, subscription services across all platforms will proliferate and grow while free-to-play gaming across PC and console should continue thriving. These factors will combine for what could be a significant shift in consumer buying and engagement behavior not seen in some time, if ever.

Tags: Gaming consoles
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