Racing Games Market Report 2025 (Global Edition)

Global Racing Games Market Report 2025 Market Size Split by Type (Client Type, Web Game Type), by Application (Racing Simulators, PC, Mobile , Consoles)

Racing Games Market Report Description

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Competitive Landscape of the Racing Games Market

The competitive landscape of the racing games market is characterized by intense competition among key players striving to innovate and capture a larger market share. Some of the prominent companies in this market include Electronic Arts Inc., Microsoft Corporation, Sony Corporation, and Codemasters.

Racing Games Industry News 

In March 2022 - NaturalMotion, a subsidiary of Zynga Inc will continue its collaboration with Universal Games and Digital Platforms to bring high-end racing cars from Universal Pictures' F9, the ninth chapter in the blockbuster Fast & Furious Saga, to the popular mobile drag racing game, CSR Racing 2 (CSR2), through a series of four in-game events.

(Source:https://www.businesswire.com/news/home/20220303005397/en/Zynga% )

In February 2021 - Electronic Arts Inc. Completed the Acquisition of Codemasters Group Holdings plc. Electronic Arts and Codemasters will be positioned to bring fans a regular cadence of new and exciting racing content, in addition to reaching across more platforms and regions of the world.

(Source: https://ir.ea.com/press-releases/press-release-details/2021/Electronic-Arts-and-Codemasters-Establish-a-New-)

Top Companies Market Share in Racing Games Industry: (In no particular order of Rank)

• NaturalMotion
• Vector Unit
• Codemasters
• Criterion
• Creative Mobile
• Bongfish
• Ubisoft
• Turn 10 Studios (Microsoft)
• Milestone
• Electronic Arts Inc.
• iRacing
• THQ Nordic
• Aquiris Game Studio
• Confidential Data
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• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of Racing Games

Which Region Dominates the Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. North America dominates the Racing Games Market due to several key reasons. Firstly, the region has a large and established gaming industry, with a high number of gaming enthusiasts and a strong culture of gaming. This has led to a large and loyal customer base for racing games.  Secondly, North America is home to several major gaming companies and studios that develop popular racing game franchises, contributing to the region's dominance in the market. These companies often leverage advanced technologies and high production values to create immersive and engaging racing game experiences, further attracting players.

Which Region is Expanding at the Fastest CAGR

Asia Pacific is experiencing rapid growth in the Racing Games Market due to several key factors. Firstly, the region has a large and increasingly affluent population with a growing interest in gaming, particularly among the younger demographic. This demographic shift, coupled with rising disposable incomes, has led to a surge in demand for gaming consoles, PCs, and mobile devices, driving the growth of the gaming market as a whole. Additionally, the region's diverse gaming culture and the popularity of esports have further fueled the demand for racing games, contributing to Asia Pacific's status as the fastest-growing region in the market.

The current report Scope analyzes Racing Games Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Racing Games Market

According to Cognitive Market Research, the global Racing Games market size was estimated at USD 190251.2 Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD 76100.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2031. In North America, the racing games market is characterized by a strong presence of established gaming companies and a large base of gaming enthusiasts. The region's high disposable income levels and widespread access to high-speed internet contribute to its status as one of the largest markets for racing games. Segmentation analysis of the North America racing games market reveals a diverse consumer base, including casual gamers, enthusiasts, and professional gamers. Mobile racing games dominate the market, driven by the widespread use of smartphones and the convenience they offer. In conclusion, the North America racing games market is dynamic and competitive, with a diverse range of offerings catering to various consumer segments.

Country Analysis

• According to Cognitive Market Research, the US had a major share in the Racing Games market with a market size of USD 60043.28 million in 2024 and is projected to grow at a CAGR of 6.2% during the forecast period. The demand is amplified by the nation's diverse range of offerings catering to various consumer segments propel consistent growth. 
• The Canada Racing Games market had a market share of USD 9132.06 million in 2024 and is projected to grow at a CAGR of 7.2% during the forecast period. Canada's technology advancement to increased usage of Racing Games.
• The Mexico Racing Games market is projected to witness growth at a CAGR of 6.9% during the forecast period with a market size of USD 6925.14 million in 2024.

Europe Racing Games Market

According to Cognitive Market Research, the global Racing Games market size was estimated at USD 190251.2 Million out of which Europe market of more than 30% of the global revenue with a market size of USD 57075.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031. In Europe, the racing games market reflects a diverse gaming landscape shaped by varying consumer preferences and technological advancements. The region's strong gaming culture, coupled with high internet penetration rates, contributes to its significant market size. Segmentation analysis of the European racing games market reveals a preference for PC and console gaming, driven by the availability of high-quality racing simulators and gaming peripherals. In conclusion, the European racing games market is characterized by a mix of traditional and emerging gaming platforms, reflecting the region's dynamic gaming landscape. While PC and console gaming remain dominant, mobile gaming is gaining traction, driven by technological advancements and changing consumer preferences.

• The United Kingdom Racing Games market had a market share of USD 9588.66 million in 2024 and is projected to grow at a CAGR of 7.5% during the forecast period. In the UK, Racing Games sales witness an upswing due to the nation's consumer preferences and technological advancements.
• The France Racing Games market is projected to witness growth at a CAGR of 5.9% during the forecast period with a market size of USD 5250.93 million in 2024.
• According to Cognitive Market Research, the Germany Racing Games market size was valued at USD 11300.92 million in 2024 and is projected to grow at a CAGR of 6.9% during the forecast period. In Germany, Racing Games sales surge due to the nation's innovations in gaming technology. 
• The Italy Racing Games market is projected to witness growth at a CAGR of 6.1% during the forecast period with a market size of USD 4908.48 million in 2024.
• The Russia Racing Games market is projected to witness growth at a CAGR of 5.7% during the forecast period with a market size of USD 8846.68 million in 2024.
• The Spain Racing Games market is projected to witness growth at a CAGR of 5.8% during the forecast period with a market size of USD 4680.18 million in 2024.
• The Luxembourg Racing Games market is projected to witness growth at a CAGR of 6.8% during the forecast period with a market size of USD 1769.34   million in 2024.
• The Portugal Racing Games market is projected to witness growth at a CAGR of 6.5% during the forecast period with a market size of USD 1198.58 million in 2024.
• The Greece Racing Games market is projected to witness growth at a CAGR of 7.0% during the forecast period with a market size of USD 684.90 million in 2024.
• Rest of Europe Racing Games market is projected to witness growth at a CAGR of 7.0% during the forecast period with a market size of USD 8846.68 million in 2024.

Asia Pacific Racing Games Market

According to Cognitive Market Research, the global Racing Games market size was estimated at USD 190251.2 Million out of which Asia Pacific is the fastest growing market of more than 23% of the global revenue with a market size of USD 43757.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.2% from 2024 to 2031. In the rapidly evolving gaming landscape of the Asia Pacific region, the racing games market is experiencing exponential growth. With a burgeoning population of gamers and increasing smartphone penetration, Asia Pacific emerges as the fastest-growing region in the global gaming industry. Segmentation analysis of the Asia Pacific racing games market reveals a diverse gaming ecosystem, catering to various platforms and gaming preferences. In conclusion, the Asia Pacific racing games market presents immense opportunities for developers and stakeholders, fueled by a tech-savvy population and a growing appetite for gaming content.

• According to Cognitive Market Research, the China Racing Games market size was valued at USD 19691.00 million in 2024 and is projected to grow at a CAGR of 9.7% during the forecast period. Racing Games sales surge in China due to the nation's burgeoning population of gamers and increasing smartphone penetration.
• The Japan Racing Games market is projected to witness growth at a CAGR of 8.7% during the forecast period with a market size of USD 6038.57million in 2024.
• The India Racing Games market had a market share of USD 5250.93 million in 2024 and is projected to grow at a CAGR of 12.0% during the forecast period. The demand is augmented by India's strong gaming culture and technological innovation.
• The South Korea Racing Games market is projected to witness growth at a CAGR of 9.3% during the forecast period with a market size of USD 4375.78 million in 2024.
• The Australia Racing Games market is projected to witness growth at a CAGR of 9.9% during the forecast period with a market size of USD 2275.40 million in 2024.
• The South East Asia Racing Games market is projected to witness growth at a CAGR of 11.2% during the forecast period with a market size of USD 3019.29 million in 2024.
• The Rest of Asia Pacific Racing Games market is projected to witness growth at a CAGR of 10.0% during the forecast period with a market size of USD 3106.80 million in 2024.

South America Racing Games Market

According to Cognitive Market Research, the global Racing Games market size was estimated at USD 190251.2 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 9512.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.6% from 2024 to 2031. In Latin America, the racing games market is a vibrant and growing segment of the gaming industry, driven by a youthful population with a strong interest in gaming. With increasing internet penetration and smartphone adoption, Latin America offers significant growth potential for the racing games market. Segmentation analysis reveals a mix of gaming preferences across different countries in Latin America. While console gaming remains popular, especially among dedicated gamers, mobile gaming is gaining traction, particularly in countries with high smartphone penetration. In conclusion, the Latin America racing games market presents exciting opportunities for developers and stakeholders, fueled by a young and tech-savvy population.

• According to Cognitive Market Research, the Brazil Racing Games market size was valued at USD 4071.38 million in 2024 and is projected to grow at a CAGR of 8.2% during the forecast period. Racing Games sales flourish in Brazil due to the nation's youthful population with a strong interest in gaming.
• The Argentina Racing Games market had a market share of USD 1598.11million in 2024 and is projected to grow at a CAGR of 8.5% during the forecast period. The demand is augmented by Argentina's increasing internet penetration and smartphone adoption.
• The Colombia Racing Games market is projected to witness growth at a CAGR of 7.4% during the forecast period with a market size of USD 846.62 million in 2024.
• The Peru Racing Games market is projected to witness growth at a CAGR of 7.8% during the forecast period with a market size of USD 780.03 million in 2024.
• The Chile Racing Games market is projected to witness growth at a CAGR of 7.9% during the forecast period with a market size of USD 684.90 million in 2024.
• The Rest of Latin America Racing Games market is projected to witness growth at a CAGR of 6.7% during the forecast period with a market size of USD 1531.52 million in 2024.

Middle East Racing Games Market

According to Cognitive Market Research, the global Racing Games market size was estimated at USD 190251.2 Million out of which Middle East and Africa market of more than 2.00% of the global revenue with a market size of USD 3805.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.9% from 2024 to 2031. In the Middle East and Africa (MEA) region, the racing games market is a niche yet growing segment within the broader gaming industry. The MEA region is characterized by a diverse gaming landscape, with varying levels of infrastructure and access to technology across different countries. Segmentation analysis reveals a preference for mobile gaming in many parts of the MEA region, driven by the widespread availability of smartphones. However, console gaming remains popular among dedicated gamers, especially in countries with higher disposable incomes. In conclusion, the MEA racing games market shows promise for growth, particularly as internet access and smartphone penetration continue to increase.

• According to Cognitive Market Research, the GCC Countries Racing Games market size was valued at USD 1628.55 million in 2024 and is projected to grow at a CAGR of 8.7% during the forecast period. Racing Games sales flourish in the GCC Countries due to the region's varying levels of infrastructure and access to technology.
• The Egypt Racing Games market is projected to witness growth at a CAGR of 8.2% during the forecast period with a market size of USD 399.53 million in 2024.
• The South Africa Racing Games market is projected to witness growth at a CAGR of 8.9% during the forecast period with a market size of USD 601.19 million in 2024.Racing Games sales flourish in the South Africa due to the region's gaming infrastructure improves and disposable incomes rise.
• The Turkey Racing Games market is projected to witness growth at a CAGR of 7.4% during the forecast period with a market size of USD 327.23 million in 2024.
• The Nigeria Racing Games market is projected to witness growth at a CAGR of 7.0% during the forecast period with a market size of USD 399.53 million in 2024.
• The Rest of MEA Racing Games market is projected to witness growth at a CAGR of 6.9% during the forecast period with a market size of USD 448.99  million in 2024.

Racing Games Market Analysis

Racing Games Type Segment Analysis

According to Cognitive Market Research, the dominant category is Client Type games, which are games that require users to download and install software on their devices to play. This category dominates due to its ability to provide a more immersive and graphically rich gaming experience compared to Web Game Type. Client Type games can leverage the full processing power of a user's device, allowing for more complex game mechanics, realistic physics, and high-quality graphics.

The fastest-growing category in the racing games market is Web Game Type. These games are played directly within a web browser without the need for downloading or installing any software. The growth of Web Game Type is fueled by several factors, including the increasing popularity of casual gaming and the rise of browser-based gaming platforms. Web Game Type offers accessibility and convenience, allowing players to enjoy racing games on a wide range of devices without the need for powerful hardware.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Racing Games Industry. Request a Free Sample PDF!

Racing Games Application Segment Analysis

According to Cognitive Market Research, the dominant category is Mobile racing games. Mobile platforms have a vast user base, and smartphones have become increasingly powerful, capable of delivering high-quality gaming experiences. Mobile racing games offer convenience and accessibility, allowing players to enjoy gaming on-the-go. The ease of downloading games from app stores and the availability of a wide range of racing games on mobile platforms contribute to the dominance of this category.

The fastest-growing category in the racing games market is Racing Simulators. Racing simulators provide an immersive and realistic racing experience, often used by professional and amateur racing enthusiasts for training and entertainment. The growth of Racing Simulators is driven by advancements in technology, such as virtual reality (VR) and augmented reality (AR), which enhance the realism of the simulation.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Author's Detail

Swasti Dharmadhikari

Research associate at Cognitive Market Research

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Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.

Author's Conclusion