Global Racing Games Market Growth (Status and Outlook) 2023-2029

The racing game genre is the genre of video games, either in the first-person or third-person perspective, in which the player partakes in a racing competition with any type of land, water, air or space vehicles. They may be based on anything from real-world racing leagues to entirely fantastical settings.

LPI (LP Information)' newest research report, the “Racing Games Industry Forecast” looks at past sales and reviews total world Racing Games sales in 2022, providing a comprehensive analysis by region and market sector of projected Racing Games sales for 2023 through 2029. With Racing Games sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Racing Games industry.

This Insight Report provides a comprehensive analysis of the global Racing Games landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Racing Games portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Racing Games market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Racing Games and breaks down the forecast by type, by terminals, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Racing Games.

The global Racing Games market size is projected to grow from US$ 1523.3 million in 2022 to US$ 3141.3 million in 2029; it is expected to grow at a CAGR of 10.9% from 2023 to 2029.

The world leading players in the racing games market are Turn 10 Studios (Microsoft), Codemasters, Electronic Arts Inc., Ubisoft, THQ Nordic, Gameloft, Milestone, Criterion, NaturalMotion, Slightly Mad Studios, iRacing, Creative Mobile, Bongfish, Fingersoft, Aquiris Game Studio, Vector Unit and so on. These top companies currently account for more than 62% of the total market share and are expected to retain their dominating hold over the market during the forecast period. As consumer interest increases, this market will attract other major companies which want to extend their brand equity.

This report presents a comprehensive overview, market shares, and growth opportunities of Racing Games market by product type, application, key players and key regions and countries.

Market Segmentation:
Segmentation by type
    F2P
    P2P

Segmentation by terminals
    PC
    Mobile
    Console

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Turn 10 Studios (Microsoft)
    Codemasters
    Electronic Arts Inc.
    Ubisoft
    THQ Nordic
    Gameloft
    Milestone
    Criterion
    NaturalMotion
    Slightly Mad Studios
    iRacing
    Creative Mobile
    Bongfish
    Fingersoft
    Aquiris Game Studio
    Vector Unit

List of Tables
    Table 1. Racing Games Market Size CAGR by Region (2018 VS 2022 VS 2029) & ($ Millions)
    Table 2. Major Players of F2P
    Table 3. Major Players of P2P
    Table 4. Racing Games Market Size CAGR by Type (2018 VS 2022 VS 2029) & ($ Millions)
    Table 5. Global Racing Games Market Size by Type (2018-2023) & ($ Millions)
    Table 6. Global Racing Games Market Size Market Share by Type (2018-2023)
    Table 7. Racing Games Market Size CAGR by Terminals (2018 VS 2022 VS 2029) & ($ Millions)
    Table 8. Global Racing Games Market Size by Terminals (2018-2023) & ($ Millions)
    Table 9. Global Racing Games Market Size Market Share by Terminals (2018-2023)
    Table 10. Global Racing Games Revenue by Players (2018-2023) & ($ Millions)
    Table 11. Global Racing Games Revenue Market Share by Player (2018-2023)
    Table 12. Racing Games Key Players Head office and Products Offered
    Table 13. Racing Games Concentration Ratio (CR3, CR5 and CR10) & (2021-2023)
    Table 14. New Products and Potential Entrants
    Table 15. Mergers & Acquisitions, Expansion
    Table 16. Global Racing Games Market Size by Regions 2018-2023 & ($ Millions)
    Table 17. Global Racing Games Market Size Market Share by Regions (2018-2023)
    Table 18. Global Racing Games Revenue by Country/Region (2018-2023) & ($ millions)
    Table 19. Global Racing Games Revenue Market Share by Country/Region (2018-2023)
    Table 20. Americas Racing Games Market Size by Country (2018-2023) & ($ Millions)
    Table 21. Americas Racing Games Market Size Market Share by Country (2018-2023)
    Table 22. Americas Racing Games Market Size by Type (2018-2023) & ($ Millions)
    Table 23. Americas Racing Games Market Size Market Share by Type (2018-2023)
    Table 24. Americas Racing Games Market Size by Terminals (2018-2023) & ($ Millions)
    Table 25. Americas Racing Games Market Size Market Share by Terminals (2018-2023)
    Table 26. APAC Racing Games Market Size by Region (2018-2023) & ($ Millions)
    Table 27. APAC Racing Games Market Size Market Share by Region (2018-2023)
    Table 28. APAC Racing Games Market Size by Type (2018-2023) & ($ Millions)
    Table 29. APAC Racing Games Market Size Market Share by Type (2018-2023)
    Table 30. APAC Racing Games Market Size by Terminals (2018-2023) & ($ Millions)
    Table 31. APAC Racing Games Market Size Market Share by Terminals (2018-2023)
    Table 32. Europe Racing Games Market Size by Country (2018-2023) & ($ Millions)
    Table 33. Europe Racing Games Market Size Market Share by Country (2018-2023)
    Table 34. Europe Racing Games Market Size by Type (2018-2023) & ($ Millions)
    Table 35. Europe Racing Games Market Size Market Share by Type (2018-2023)
    Table 36. Europe Racing Games Market Size by Terminals (2018-2023) & ($ Millions)
    Table 37. Europe Racing Games Market Size Market Share by Terminals (2018-2023)
    Table 38. Middle East & Africa Racing Games Market Size by Region (2018-2023) & ($ Millions)
    Table 39. Middle East & Africa Racing Games Market Size Market Share by Region (2018-2023)
    Table 40. Middle East & Africa Racing Games Market Size by Type (2018-2023) & ($ Millions)
    Table 41. Middle East & Africa Racing Games Market Size Market Share by Type (2018-2023)
    Table 42. Middle East & Africa Racing Games Market Size by Terminals (2018-2023) & ($ Millions)
    Table 43. Middle East & Africa Racing Games Market Size Market Share by Terminals (2018-2023)
    Table 44. Key Market Drivers & Growth Opportunities of Racing Games
    Table 45. Key Market Challenges & Risks of Racing Games
    Table 46. Key Industry Trends of Racing Games
    Table 47. Global Racing Games Market Size Forecast by Regions (2024-2029) & ($ Millions)
    Table 48. Global Racing Games Market Size Market Share Forecast by Regions (2024-2029)
    Table 49. Global Racing Games Market Size Forecast by Type (2024-2029) & ($ Millions)
    Table 50. Global Racing Games Market Size Forecast by Terminals (2024-2029) & ($ Millions)
    Table 51. Turn 10 Studios (Microsoft) Details, Company Type, Racing Games Area Served and Its Competitors
    Table 52. Turn 10 Studios (Microsoft) Racing Games Product Offered
    Table 53. Turn 10 Studios (Microsoft) Racing Games Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 54. Turn 10 Studios (Microsoft) Main Business
    Table 55. Turn 10 Studios (Microsoft) Latest Developments
    Table 56. Codemasters Details, Company Type, Racing Games Area Served and Its Competitors
    Table 57. Codemasters Racing Games Product Offered
    Table 58. Codemasters Main Business
    Table 59. Codemasters Racing Games Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 60. Codemasters Latest Developments
    Table 61. Electronic Arts Inc. Details, Company Type, Racing Games Area Served and Its Competitors
    Table 62. Electronic Arts Inc. Racing Games Product Offered
    Table 63. Electronic Arts Inc. Main Business
    Table 64. Electronic Arts Inc. Racing Games Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 65. Electronic Arts Inc. Latest Developments
    Table 66. Ubisoft Details, Company Type, Racing Games Area Served and Its Competitors
    Table 67. Ubisoft Racing Games Product Offered
    Table 68. Ubisoft Main Business
    Table 69. Ubisoft Racing Games Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 70. Ubisoft Latest Developments
    Table 71. THQ Nordic Details, Company Type, Racing Games Area Served and Its Competitors
    Table 72. THQ Nordic Racing Games Product Offered
    Table 73. THQ Nordic Main Business
    Table 74. THQ Nordic Racing Games Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 75. THQ Nordic Latest Developments
    Table 76. Gameloft Details, Company Type, Racing Games Area Served and Its Competitors
    Table 77. Gameloft Racing Games Product Offered
    Table 78. Gameloft Main Business
    Table 79. Gameloft Racing Games Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 80. Gameloft Latest Developments
    Table 81. Milestone Details, Company Type, Racing Games Area Served and Its Competitors
    Table 82. Milestone Racing Games Product Offered
    Table 83. Milestone Main Business
    Table 84. Milestone Racing Games Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 85. Milestone Latest Developments
    Table 86. Criterion Details, Company Type, Racing Games Area Served and Its Competitors
    Table 87. Criterion Racing Games Product Offered
    Table 88. Criterion Main Business
    Table 89. Criterion Racing Games Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 90. Criterion Latest Developments
    Table 91. NaturalMotion Details, Company Type, Racing Games Area Served and Its Competitors
    Table 92. NaturalMotion Racing Games Product Offered
    Table 93. NaturalMotion Main Business
    Table 94. NaturalMotion Racing Games Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 95. NaturalMotion Latest Developments
    Table 96. Slightly Mad Studios Details, Company Type, Racing Games Area Served and Its Competitors
    Table 97. Slightly Mad Studios Racing Games Product Offered
    Table 98. Slightly Mad Studios Main Business
    Table 99. Slightly Mad Studios Racing Games Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 100. Slightly Mad Studios Latest Developments
    Table 101. iRacing Details, Company Type, Racing Games Area Served and Its Competitors
    Table 102. iRacing Racing Games Product Offered
    Table 103. iRacing Racing Games Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 104. iRacing Main Business
    Table 105. iRacing Latest Developments
    Table 106. Creative Mobile Details, Company Type, Racing Games Area Served and Its Competitors
    Table 107. Creative Mobile Racing Games Product Offered
    Table 108. Creative Mobile Main Business
    Table 109. Creative Mobile Racing Games Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 110. Creative Mobile Latest Developments
    Table 111. Bongfish Details, Company Type, Racing Games Area Served and Its Competitors
    Table 112. Bongfish Racing Games Product Offered
    Table 113. Bongfish Main Business
    Table 114. Bongfish Racing Games Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 115. Bongfish Latest Developments
    Table 116. Fingersoft Details, Company Type, Racing Games Area Served and Its Competitors
    Table 117. Fingersoft Racing Games Product Offered
    Table 118. Fingersoft Main Business
    Table 119. Fingersoft Racing Games Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 120. Fingersoft Latest Developments
    Table 121. Aquiris Game Studio Details, Company Type, Racing Games Area Served and Its Competitors
    Table 122. Aquiris Game Studio Racing Games Product Offered
    Table 123. Aquiris Game Studio Main Business
    Table 124. Aquiris Game Studio Racing Games Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 125. Aquiris Game Studio Latest Developments
    Table 126. Vector Unit Details, Company Type, Racing Games Area Served and Its Competitors
    Table 127. Vector Unit Racing Games Product Offered
    Table 128. Vector Unit Main Business
    Table 129. Vector Unit Racing Games Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 130. Vector Unit Latest Developments
List of Figures
    Figure 1. Racing Games Report Years Considered
    Figure 2. Research Objectives
    Figure 3. Research Methodology
    Figure 4. Research Process and Data Source
    Figure 5. Global Racing Games Market Size Growth Rate 2018-2029 ($ Millions)
    Figure 6. Racing Games Sales by Geographic Region (2018, 2022 & 2029) & ($ millions)
    Figure 7. Racing Games Sales Market Share by Country/Region (2022)
    Figure 8. Racing Games Sales Market Share by Country/Region (2018, 2022 & 2029)
    Figure 9. Global Racing Games Market Size Market Share by Type in 2022
    Figure 10. Racing Games in PC
    Figure 11. Global Racing Games Market: PC (2018-2023) & ($ Millions)
    Figure 12. Racing Games in Mobile
    Figure 13. Global Racing Games Market: Mobile (2018-2023) & ($ Millions)
    Figure 14. Racing Games in Console
    Figure 15. Global Racing Games Market: Console (2018-2023) & ($ Millions)
    Figure 16. Global Racing Games Market Size Market Share by Terminals in 2022
    Figure 17. Global Racing Games Revenue Market Share by Player in 2022
    Figure 18. Global Racing Games Market Size Market Share by Regions (2018-2023)
    Figure 19. Americas Racing Games Market Size 2018-2023 ($ Millions)
    Figure 20. APAC Racing Games Market Size 2018-2023 ($ Millions)
    Figure 21. Europe Racing Games Market Size 2018-2023 ($ Millions)
    Figure 22. Middle East & Africa Racing Games Market Size 2018-2023 ($ Millions)
    Figure 23. Americas Racing Games Value Market Share by Country in 2022
    Figure 24. United States Racing Games Market Size Growth 2018-2023 ($ Millions)
    Figure 25. Canada Racing Games Market Size Growth 2018-2023 ($ Millions)
    Figure 26. Mexico Racing Games Market Size Growth 2018-2023 ($ Millions)
    Figure 27. Brazil Racing Games Market Size Growth 2018-2023 ($ Millions)
    Figure 28. APAC Racing Games Market Size Market Share by Region in 2022
    Figure 29. APAC Racing Games Market Size Market Share by Type in 2022
    Figure 30. APAC Racing Games Market Size Market Share by Terminals in 2022
    Figure 31. China Racing Games Market Size Growth 2018-2023 ($ Millions)
    Figure 32. Japan Racing Games Market Size Growth 2018-2023 ($ Millions)
    Figure 33. Korea Racing Games Market Size Growth 2018-2023 ($ Millions)
    Figure 34. Southeast Asia Racing Games Market Size Growth 2018-2023 ($ Millions)
    Figure 35. India Racing Games Market Size Growth 2018-2023 ($ Millions)
    Figure 36. Australia Racing Games Market Size Growth 2018-2023 ($ Millions)
    Figure 37. Europe Racing Games Market Size Market Share by Country in 2022
    Figure 38. Europe Racing Games Market Size Market Share by Type (2018-2023)
    Figure 39. Europe Racing Games Market Size Market Share by Terminals (2018-2023)
    Figure 40. Germany Racing Games Market Size Growth 2018-2023 ($ Millions)
    Figure 41. France Racing Games Market Size Growth 2018-2023 ($ Millions)
    Figure 42. UK Racing Games Market Size Growth 2018-2023 ($ Millions)
    Figure 43. Italy Racing Games Market Size Growth 2018-2023 ($ Millions)
    Figure 44. Russia Racing Games Market Size Growth 2018-2023 ($ Millions)
    Figure 45. Middle East & Africa Racing Games Market Size Market Share by Region (2018-2023)
    Figure 46. Middle East & Africa Racing Games Market Size Market Share by Type (2018-2023)
    Figure 47. Middle East & Africa Racing Games Market Size Market Share by Terminals (2018-2023)
    Figure 48. Egypt Racing Games Market Size Growth 2018-2023 ($ Millions)
    Figure 49. South Africa Racing Games Market Size Growth 2018-2023 ($ Millions)
    Figure 50. Israel Racing Games Market Size Growth 2018-2023 ($ Millions)
    Figure 51. Turkey Racing Games Market Size Growth 2018-2023 ($ Millions)
    Figure 52. GCC Country Racing Games Market Size Growth 2018-2023 ($ Millions)
    Figure 53. Americas Racing Games Market Size 2024-2029 ($ Millions)
    Figure 54. APAC Racing Games Market Size 2024-2029 ($ Millions)
    Figure 55. Europe Racing Games Market Size 2024-2029 ($ Millions)
    Figure 56. Middle East & Africa Racing Games Market Size 2024-2029 ($ Millions)
    Figure 57. United States Racing Games Market Size 2024-2029 ($ Millions)
    Figure 58. Canada Racing Games Market Size 2024-2029 ($ Millions)
    Figure 59. Mexico Racing Games Market Size 2024-2029 ($ Millions)
    Figure 60. Brazil Racing Games Market Size 2024-2029 ($ Millions)
    Figure 61. China Racing Games Market Size 2024-2029 ($ Millions)
    Figure 62. Japan Racing Games Market Size 2024-2029 ($ Millions)
    Figure 63. Korea Racing Games Market Size 2024-2029 ($ Millions)
    Figure 64. Southeast Asia Racing Games Market Size 2024-2029 ($ Millions)
    Figure 65. India Racing Games Market Size 2024-2029 ($ Millions)
    Figure 66. Australia Racing Games Market Size 2024-2029 ($ Millions)
    Figure 67. Germany Racing Games Market Size 2024-2029 ($ Millions)
    Figure 68. France Racing Games Market Size 2024-2029 ($ Millions)
    Figure 69. UK Racing Games Market Size 2024-2029 ($ Millions)
    Figure 70. Italy Racing Games Market Size 2024-2029 ($ Millions)
    Figure 71. Russia Racing Games Market Size 2024-2029 ($ Millions)
    Figure 72. Spain Racing Games Market Size 2024-2029 ($ Millions)
    Figure 73. Egypt Racing Games Market Size 2024-2029 ($ Millions)
    Figure 74. South Africa Racing Games Market Size 2024-2029 ($ Millions)
    Figure 75. Israel Racing Games Market Size 2024-2029 ($ Millions)
    Figure 76. Turkey Racing Games Market Size 2024-2029 ($ Millions)
    Figure 77. GCC Countries Racing Games Market Size 2024-2029 ($ Millions)
    Figure 78. Global Racing Games Market Size Market Share Forecast by Type (2024-2029)
    Figure 79. Global Racing Games Market Size Market Share Forecast by Terminals (2024-2029)

Turn 10 Studios (Microsoft)
Codemasters
Electronic Arts Inc.
Ubisoft
THQ Nordic
Gameloft
Milestone
Criterion
NaturalMotion
Slightly Mad Studios
iRacing
Creative Mobile
Bongfish
Fingersoft
Aquiris Game Studio
Vector Unit

LP Information presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

• Primary Source
  Players/Suppliers
  Industry Experts
  Distributors/Traders
  Opinion Leaders
  Front-line Staff
  Marketing Executives

  Secondary Source
  Journals and Periodicals
  Government Bodies
  Annual Reports
  Presentations
  Paid Databases
  LPI Internal Repository

• Data Synthesis
  Information Gathering
  Collation of Data
  Estimation of Key Figures
  Analysis of Derived Insights

  Data Validation
  Triangulation with Data Models
  Reference Against Proprietary
  Databases
  Corroboration with Industry Experts

• Qualitative Analysis
  Market drivers
  Market challenges
  Market trends
  Five forces analysis

  Qualitative Analysis
  Market size and forecast
  Market segmentation
  Geographical insights
  Competitive landscape