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Racing Simulator Market Share

Report ID: GMI8481
Published Date: Mar 2024
Report Format: PDF

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Racing Simulator Market Share

Endor Ag and Logitech hold a significant market share of over 65% in the racing simulator industry. The competitive landscape of the market is characterized by a diverse range of companies offering simulators, peripherals, and accessories catering to different segments of enthusiasts. Key players, such as Logitech, Thrustmaster, and Fanatec, dominate the market with high-quality products and established brand recognition. There is intense competition from emerging players and niche manufacturers focusing on specific features or market segments. Innovation, product differentiation, and strategic partnerships are crucial factors intensifying competition within the industry.

Established brands dominate with their wide range of high-performance simulators and peripherals. However, smaller & specialized firms compete by focusing on unique features or catering to specific niche segments within the market. New entrants constantly emerge, leveraging innovative technologies and strategic partnerships to challenge incumbents and capture the market share.

Racing Simulator Market Companies

Major companies operating in the racing simulator industry are:

CXC Simulations
Endor AG
GTR Simulator
Logitech
Playseat
Rseat
RSeat
SimCraft
Thrustmaster
Vesaro

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of racing simulator reached USD 1.8 billion in 2023 and is set to witness 3% CAGR from 2024 to 2032, owing to the rising collaborations between Formula 1 and racing simulator manufacturers worldwide.

The hardware segment recorded 69% market share in 2023, due to the advancements in peripherals, enhancing the realism and immersion of simulator experiences.

North America market held over 31% share in 2023, attributed to the increased adoption of esports competitions and enthusiast use in the region.

CXC Simulations, Endor AG, GTR Simulator, Logitech, Playseat, RSeat, SimCraft, Thrustmaster, and Vesaro, are some of the major racing simulator companies worldwide.