Sim Racing Hardwares Market Report 2025 (Global Edition)

Global Sim Racing Hardwares Market Report 2025 Market Size Split by Application (PC, PS, XBOX), by Component (Sim Racing Cockpits, Pedals, Seats, Shifters, Others), by Simulator Component (Compact Sim...

Sim Racing Hardwares Market Report Description

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How 2025 Tariffs Are Reshaping the Consumer Goods Industry

In 2025, the global trade landscape has shifted dramatically following the U.S. introduction of sweeping tariffs under President Donald Trump’s administration. These "Liberation Day Tariffs," launched in April, aim to reduce trade deficits and boost domestic manufacturing. Tariffs range from 10% on imports from countries like the UK and Australia to 46% on Vietnamese goods, with a blanket 34% tariff on many Chinese imports and 25% on all steel, aluminum, and auto parts. This policy heavily impacts the consumer goods sector apparel, appliances, packaged foods, and personal care products due to their deep reliance on global supply chains, especially in Asia. U.S.–China trade tensions have intensified, with reciprocal tariffs reaching up to 145% on U.S. goods and 125% on Chinese exports, while China’s trade surplus with the U.S. hit USD 102.6 billion in March 2025. In response, the EU and Canada have implemented retaliatory measures, signaling a broader shift toward protectionism.

The consumer goods industry is feeling immediate effects: production costs are rising, sourcing is delayed, and inflation pressures are mounting. Apparel and footwear now face 25% tariffs, prompting brands to seek nearshoring options or raise prices. Household appliances incur 20% tariffs, complicating inventory and procurement strategies. Packaged foods and beverages are hit with 10–15% tariffs, impacting contracts and leading to supplier diversification and product reformulation. Personal care firms face higher costs for imported ingredients and packaging, leading to local sourcing efforts and delays in new product launches. Meanwhile, electronics, though temporarily exempt, are preparing for possible disruptions by diversifying suppliers and increasing inventories.

China remains the backbone of U.S. consumer goods sourcing, accounting for a large portion of imports either directly or through upstream components. This makes tariffs on Chinese goods especially disruptive. The rising input costs 15–30% in many categories combined with seasonal pressures and tight timelines, are causing delays and increased costs. Smaller brands, in particular, are struggling due to limited capital and reduced supplier leverage. Many are being forced to increase prices, cut product variety, or compromise on quality.

Market research is now critical to navigating this volatile environment. It supports supplier mapping and risk assessment, helping brands identify alternative sourcing countries with stable regulations and quality control. It also aids in cost and margin analysis, guiding decisions on pricing and sourcing changes. Optimization of product design and materials through research allows companies to reduce costs while maintaining consumer expectations. Additionally, research helps assess consumer price sensitivity, enabling strategic repositioning. Tracking regulatory changes and running scenario planning models allow firms to anticipate and adapt to future trade shifts.

To cope, companies are restructuring their global sourcing models. Major brands like Nike and IKEA are expanding operations in Vietnam, India, and Mexico, while embracing “in-market for market” strategies to reduce exposure to tariffs and logistics risks. Many are adopting AI-driven demand forecasting and automated procurement, and pushing suppliers for transparency. Product redesign and SKU rationalization are also common. The most successful firms are those using data-driven insights, operational flexibility, and strategic supplier partnerships to adapt not just survive in this new era of global trade.

Competitive Landscape of the Sim Racing Hardware Market

Key players deploy strategic initiatives such as product innovations, partnerships, and mergers. Companies prioritize R&D to introduce cutting-edge reagents, ensuring a competitive edge. Robust distribution networks and adherence to quality standards amplify market presence, fostering an environment where agility and innovation define industry leaders.

• MOZA Racing, a leading player in the sim racing and flight simulation space introduce lineup of next-generation products including MOZA mBooster Active Pedal and MOZA Active Shifter,

(Source https://mozaracing.com/blog/2025/03/18/moza-redefines/)

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

• Ascher Racing
• Fanatec
• GT Omega
• Gudsen MOZA
• Leo Bodnar
• Motions Systems 
• Precision Sim Engineering
• Ricmotech
• Sim-Lab
• SimXperience
• SRH
• ThrustMaster
• Trak Racer
• 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 the Sim Racing Hardware Market

Which Region Will Dominate the Sim Racing Hardware Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. Due to increased esports involvement and the growing appeal of sim racing, North America is the market leader for sim racing hardware. The market is growing as a result of enthusiasts in the area spending money on cutting-edge hardware configurations such as VR systems, pedals, and steering wheels. The market's growth in North America is fueled by the increasing popularity of sim racing as an immersive and competitive gaming experience.

Which Region is Expanding at the Fastest CAGR?

The Europe region is witnessing an increase in the sales of reagents. Sophisticated sim racing hardware, like pedals, motion rigs, and steering wheels, is becoming increasingly expensive for enthusiasts in Europe. The market for Sim Racing Hardware is growing throughout Europe, partly due to the region's emphasis on realistic and immersive gaming experiences.

The current report Scope analyzes Sim Racing Hardwares 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, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Sim Racing Hardwares Market Analysis

According to Cognitive Market Research, the global Sim Racing Hardware market size was estimated at USD XX Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.3% from 2024 to 2031. North America's ardent love of esports and sim racing is fueling the market for sim racing hardware, which is expanding rapidly. Due to a robust gaming culture and rising disposable affluence, hobbyists in North America are spending money on sophisticated hardware configurations, such as motion rigs and high-fidelity steering wheels. The market for virtual reality (VR) devices that improve the immersiveness of racing simulations is one that is seeing tremendous growth. In summary, the market for sim racing hardware in North America is dynamic, driven by the combination of technology improvements and gaming passion. This industry thrives on the preferences of the region's sophisticated and active sim racing community.

Country Analysis

• According to Cognitive Market Research, the US had a major share in the Sim Racing Hardware market with a market size of USD XX million in 2024 and is projected to grow at a CAGR of 10.1% during the forecast period. The demand is amplified by the nation's strong esports scene. 
• The Canada Sim Racing Hardware market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 11.1% during the forecast period. Canada's rising video games become more and more popular.
• The Mexico Sim Racing Hardware market is projected to witness growth at a CAGR of 10.8% during the forecast period with a market size of USD XX million in 2024.

 

Europe Sim Racing Hardwares Market Analysis

According to Cognitive Market Research, with a market value of USD XX million in 2024 and projected to expand at a compound annual growth rate (CAGR) of 10.6% from 2024 to 2031. Europe accounted for a share of over 30% of the global market size of USD XX million. Europe's market for Sim Racing Hardware is booming thanks to a strong esports scene and an enthusiastic gaming community. To improve the simulation racing experience, enthusiasts in the area are spending money on elaborate hardware configurations, placing special emphasis on premium pedals, steering wheels, and virtual reality systems. Interestingly, a significant portion of the industry is in need of motion rigs, which improve the realism of virtual racing. In summary, the market for simulation racing hardware in Europe is dynamic, adapting to the changing tastes of a tech-savvy gaming population. The region's market is growing and thriving because of the combination of cutting-edge technology and a passion for realistic racing simulations.

• The United Kingdom Sim Racing Hardware market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 11.4% during the forecast period. In the UK, Sim Racing Hardware sales witness an upswing due to the country's robust gaming culture. 
• The France Sim Racing Hardware market is projected to witness growth at a CAGR of 9.8% during the forecast period with a market size of USD XX million in 2024.
• According to Cognitive Market Research, the Germany Sim Racing Hardware market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 10.8% during the forecast period. In Germany, Sim Racing Hardware sales surge due to the emphasis on high-quality, precisely-engineered items have an impact on the Sim Racing Hardware industry. 
• The Italy Sim Racing Hardware market is projected to witness growth at a CAGR of 10.0% during the forecast period with a market size of USD XX million in 2024.
• The Russia Sim Racing Hardware market is projected to witness growth at a CAGR of 9.6% during the forecast period with a market size of USD XX million in 2024.
• The Spain Sim Racing Hardware market is projected to witness growth at a CAGR of 9.7% during the forecast period with a market size of USD XX million in 2024.
• The Luxembourg Sim Racing Hardware market is projected to witness growth at a CAGR of 10.7% during the forecast period with a market size of USD XX million in 2024.
• The Portugal Sim Racing Hardware market is projected to witness growth at a CAGR of 10.4% during the forecast period with a market size of USD XX million in 2024.
• The Greece Sim Racing Hardware market is projected to witness growth at a CAGR of 10.9% during the forecast period with a market size of USD XX million in 2024.
• Rest of Europe Sim Racing Hardware market is projected to witness growth at a CAGR of 9.3% during the forecast period with a market size of USD XX million in 2024.

 

Asia Pacific Sim Racing Hardwares Market Analysis

According to Cognitive Market Research, the global Sim Racing Hardware market size was estimated at USD XXMillion out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 14.1% from 2024 to 2031. Asia Pacific's market for Sim Racing Hardware is expanding rapidly, propelled by the growing popularity of video games and esports in the area. In their quest for realistic racing simulations, enthusiasts are spending more and more money on sophisticated hardware configurations, such as VR headsets, pedals, and steering wheels. The need for small and portable sim racing setups that can accommodate the wide range of gaming preferences in Asia Pacific is a significant market niche. In conclusion, the Asia Pacific Sim Racing Hardware market exhibits a dynamic environment where the convergence of technological innovation with a passion for gaming fosters a thriving market that satisfies the needs of a vibrant and diverse gaming community.

• According to Cognitive Market Research, the China Sim Racing Hardware market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 913.6% during the forecast period. Sim Racing Hardware sales surge in China due to the middle class's expansion.
• The Japan Sim Racing Hardware market is projected to witness growth at a CAGR of 12.6% during the forecast period with a market size of USD XX million in 2024.
• The India Sim Racing Hardware market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 15.9% during the forecast period. The demand is augmented by India's increasing simulation racing experiences.
• The South Korea Sim Racing Hardware market is projected to witness growth at a CAGR of 13.2% during the forecast period with a market size of USD XX million in 2024.
• The Australia Sim Racing Hardware market is projected to witness growth at a CAGR of 13.8% during the forecast period with a market size of USD XX million in 2024.
• The South East Asia Sim Racing Hardware market is projected to witness growth at a CAGR of 15.1% during the forecast period with a market size of USD XX million in 2024.
• The Rest of Asia Pacific Sim Racing Hardware market is projected to witness growth at a CAGR of 13.9% during the forecast period with a market size of USD XX million in 2024.

 

South America Sim Racing Hardwares Market Analysis

According to Cognitive Market Research, the global Sim Racing Hardware market size was estimated at USD XX Million out of which Latin America market of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.5% from 2024 to 2031. The market for Sim Racing Hardware in Latin America is expanding significantly due to growing interest in gaming and esports. To improve their virtual racing experiences, enthusiasts in the area are spending more money on premium pedals, steering wheels, and VR equipment. One prominent market niche is the need for entry-level, reasonably priced sim racing configurations that appeal to a wide range of users. In summary, the Sim Racing Hardware industry in Latin America exhibits a dynamic environment where the combination of accessibility and gaming interest fosters a healthy business. The desire for a variety of hardware alternatives is driven by the gaming community in the region, which presents chances for growth and innovation in the Latin American sim racing business.

• According to Cognitive Market Research, the Brazil Sim Racing Hardware market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 12.1% during the forecast period. Sim Racing Hardware sales flourish in Brazil due to the esports and gaming gain.
• The Argentina Sim Racing Hardware market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 12.4% during the forecast period. The demand is augmented by Argentina's commitment to growing disposable incomes.
• The Colombia Sim Racing Hardware market is projected to witness growth at a CAGR of 11.3% during the forecast period with a market size of USD XX million in 2024.
• The Peru Sim Racing Hardware market is projected to witness growth at a CAGR of 11.7% during the forecast period with a market size of USD XX million in 2024.
• The Chile Sim Racing Hardware market is projected to witness growth at a CAGR of 11.8% during the forecast period with a market size of USD XX million in 2024.
• The Rest of Latin America Sim Racing Hardware market is projected to witness growth at a CAGR of 10.6% during the forecast period with a market size of USD XX million in 2024.

 

Middle East Sim Racing Hardwares Market Analysis

According to Cognitive Market Research, the global Sim Racing Hardware market size was estimated at USD XX Million out of which Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.8% from 2024 to 2031. The growing popularity of video games and esports in the Middle East and Africa is driving growth in the Sim Racing Hardware industry. Seeking an immersive gaming experience, enthusiasts are aggressively investing in high-end sim racing hardware, such as pedals, steering wheels, and virtual reality systems. The need for flexible and adaptive sim racing settings that satisfy the wide range of preferences across the Middle East and Africa is a significant market niche. In summary, the Middle East and Africa's Sim Racing Hardware market is a dynamic, ever-evolving landscape that is fueled by the convergence of gaming culture and technological advancements. This market growth is attributed to the growing demands of the region's sim racing enthusiasts.

• According to Cognitive Market Research, the GCC Countries Sim Racing Hardware market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 12.6% during the forecast period. Sim Racing Hardware sales flourish in the GCC Countries due to the strong esports scene.
• The Egypt Sim Racing Hardware market is projected to witness growth at a CAGR of 12.1% during the forecast period with a market size of USD XX million in 2024.
• The South Africa Sim Racing Hardware market is projected to witness growth at a CAGR of 12.8% during the forecast period with a market size of USD XX million in 2024. Sim Racing Hardware sales flourish in the South Africa due to the a sizable gaming community.
• The Turkey Sim Racing Hardware market is projected to witness growth at a CAGR of 11.3% during the forecast period with a market size of USD XX million in 2024.
• The Nigeria Sim Racing Hardware market is projected to witness growth at a CAGR of 10.9% during the forecast period with a market size of USD XX million in 2024.
• The Rest of MEA Sim Racing Hardware market is projected to witness growth at a CAGR of 10.8% during the forecast period with a market size of USD XX million in 2024.

Sim Racing Hardwares Market Analysis

Sim Racing Hardware Market Application Segment Analysis

According to Cognitive Market Research, PC held the major market share over the forecast period. The market for Sim Racing Hardware is expanding due to the growing use of PCs as gaming platforms. PC-based installations are preferred among sim racing fans because of their greater graphics capabilities, adaptability, and customization options. The market's general growth among the gaming community is aided by Sim Racing Hardware's interoperability with PCs, which includes premium steering wheels and accessories.

XBOX is the fastest-growing category over the forecast period. Because sim racing on the Xbox gaming platform is becoming increasingly popular, the market for sim racing hardware is booming. Fans spend money on accessories like cockpits, pedals, and steering wheels to improve their Xbox racing experiences. The growing market expansion within the gaming community is largely attributed to the increased integration of sim racing within the Xbox ecosystem.

• PC
• PS
• XBOX

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 Sim Racing Hardwares Industry. Request a Free Sample PDF!

Sim Racing Hardware Market Component Segment Analysis

According to Cognitive Market Research, Sim Racing Cockpits hold a prominent market share. By providing premium, bespoke cockpits that improve the racing experience, Sim Racing Cockpits is redefining the Sim Racing Hardware industry. Fans have the best platform for immersive gameplay with Sim Racing Cockpits' ergonomic designs, strong construction, and compatibility with top racing peripherals. They are leading the industry with their creative products as the demand for realistic racing simulations grows.

Pedals are the fastest-growing category over the forecast period. The rapidly expanding market for simulation racing hardware is starting to revolve on advanced pedals. These pedals take racing to new heights of immersion with their accurate control and lifelike feedback. They satisfy the needs of enthusiasts looking for authenticity and performance with adjustable settings and compatibility with different racing configurations. Pedals are becoming a crucial component that is propelling the growth of the Sim Racing industry as the desire for lifelike simulation increases.

• Sim Racing Cockpits
• Pedals
• Seats
• Shifters
• Others

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

Sim Racing Hardwares Simulator Component Segment Analysis

According to Cognitive Market Research, Compact Simulator holds a prominent market share. The market for simulators is expanding thanks to compact simulators, which provide transportable and flexible training options. Compact simulators have a lower footprint and are used in various industries, such as healthcare and aviation. They are becoming increasingly well-liked because of their affordability and adaptability, which offer genuine training experiences in a small package. Compact simulators are influencing the development of simulation technology.

Full-scale Simulator is the fastest-growing category over the forecast period. The market for simulators is expanding due to full-scale simulators offering realistic and engaging training environments. These simulators are widely used for aviation, the military, and industry training. They feature life-sized replicas and cutting-edge technology. Full-scale Simulators improve decision-making and skill development with extensive, practical practice. The need for full-scale simulators drives the advancement of simulation technology as sectors prioritize efficiency and safety.

• Compact Simulator
• Full-scale Simulator
• Advanced Simulator 

Sim Racing Hardwares Price Range Segment Analysis

According to Cognitive Market Research, the Economy holds a prominent market share. The market for simulators is expanding due to the increasing use of economic simulators as teaching and analysis tools. By simulating economic scenarios, these simulations help users comprehend and handle intricate financial dynamics. Economic simulators, which have applications in research, education, and industry, offer insightful understandings of economic concepts and decision-making. As a result, they are becoming increasingly popular and reshaping the simulation technology market.

Premium is the fastest-growing category over the forecast period. The market for simulators is expanding because of premium simulators, which provide upscale, complex training environments. Aviation, automotive, and healthcare are just a few of the industries that Premium Simulators serve with their cutting-edge technology, realistic feedback, and extensive feature set. Premium Simulators are a top option because they emphasize unmatched realism and extensive training capabilities, which influence the direction of simulation technology with innovative developments.

• Economy
• Premium 

Sim Racing Hardwares Application Type Segment Analysis

According to Cognitive Market Research, Training holds a prominent market share. The market for simulation racing hardware is expanding rapidly due to the growing need for realistic virtual racing experiences. Force feedback pedals, racing seats, and steering wheels are examples of advanced technology that improves realism and draws in both amateur and professional racers. Advancements in motion simulators and virtual reality integration propel the market's growth, satisfying the demands of an expanding clientele yearning for genuine, exhilarating gaming encounters.

Testing and Research is the fastest-growing category over the forecast period. Research and testing are essential to the growth of the Sim Racing Hardware market. Thorough testing guarantees that goods fulfill performance requirements and improve user experience, which builds consumer loyalty and trust. Innovation is fueled by ongoing research and results in the creation of state-of-the-art technologies that push the limits of immersion and realism. Consequently, the market keeps growing, drawing in new fans and increasing the demand for sim racing hardware of the highest caliber.

• Training 
• Testing and Research

Sim Racing Hardwares Distribution Channel Segment Analysis

According to Cognitive Market Research, Online holds a prominent market share. With the introduction of collaborative and easily available training solutions, online simulators are completely changing the simulator market. These simulators allow for remote, real-time engagement and learning across various industries through internet access. Online access allows users to participate in virtual training settings that improve their knowledge and abilities. Online simulators are changing the simulation technology scene by offering scalable and adaptable training options.

Offline is the fastest-growing category over the forecast period. Because they provide independent, stand-alone training solutions, offline simulators are crucial to expanding the simulator industry. These simulators offer a dependable and safe setting for practical instruction without depending on internet connectivity. Offline simulators continue to satisfy the various needs of companies, making them ideal in situations where internet access may be restricted. This helps to expand and increase the versatility of simulation technology.

• Online
• Offline

Author's Detail

Sneha Mali

Research Analyst at Cognitive Market Research

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I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.

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