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Gaming Chair Market to Grow by USD 545.8 Million (2024-2028), Health Benefits Driving Revenue, with AI Redefining Market Landscape – Technavio

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NEW YORK, Nov. 19, 2024 /PRNewswire/ — Report with market evolution powered by AI – The global gaming chair market  size is estimated to grow by USD 545.8 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  8.8%  during the forecast period. Health-related benefits of using gaming chairs is driving market growth, with a trend towards emergence of ergonomic gaming chairs. However, increasing adoption of mobile games  poses a challenge.Key market players include Ace Casual Furniture, Aerocool Advanced Technologies Inc., AKRacing America Inc., AndaSeat, Arozzi North America, BRAZEN GAMING CHAIRS, Caseking GmbH, Clutch Chairz USA Ltd., Corsair Gaming Inc., DXRacer USA LLC., GT Omega Racing Ltd., MillerKnoll Inc., Impakt SA, LF Gaming, NOBLECHAIRS, Playseat BV, Raidmax, Roto VR Ltd., Secretlab SG Pte. Ltd., Thermaltake Technology Co. Ltd., ThunderX3, and Vertagear Inc.

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Price (Mid-range, Low-range, and High-range), Type (Table, Hybrid, and Platform), and Geography (APAC, North America, Europe, South America, and Middle East and Africa)

Region Covered

APAC, North America, Europe, South America, and Middle East and Africa

Key companies profiled

Ace Casual Furniture, Aerocool Advanced Technologies Inc., AKRacing America Inc., AndaSeat, Arozzi North America, BRAZEN GAMING CHAIRS, Caseking GmbH, Clutch Chairz USA Ltd., Corsair Gaming Inc., DXRacer USA LLC., GT Omega Racing Ltd., MillerKnoll Inc., Impakt SA, LF Gaming, NOBLECHAIRS, Playseat BV, Raidmax, Roto VR Ltd., Secretlab SG Pte. Ltd., Thermaltake Technology Co. Ltd., ThunderX3, and Vertagear Inc

Key Market Trends Fueling Growth

The gaming chair market is thriving with trends like Hybrid and Platform chairs, catering to both residential and commercial sectors. Home Centers and Specialty Stores, including Start-ups, offer a wide range of chairs for Gamers. Hardware compatibility with electronic devices and new games, whether PC, console, or mobile, is crucial. Online gaming, social media, and e-games drive demand for ergonomic chairs with features like lumbar support, padded backrests, and height-adjustable armrests. Professional gamers prefer high-end video games and demand chairs with steady support, 135-degree adjustable backrests, 4D armrests, and carbon-look coverings. Ergonomic support, adjustment settings, and accessories like speakers, head cushions, and retractable footrests enhance the gaming experience. Health and fitness concerns, such as prolonged sitting, postural stress, and obesity-related health issues, fuel the market for ergonomic chairs. Variants like Racer, Recliner, Rocker, Pedestal chairs, and adjustable lumbar support cater to different preferences. The entertainment sector focuses on player experience, motion, and virtual reality games. Sales of gaming chairs continue to grow, driven by esports tournaments, online streaming, and gaming peripherals. Materials like PU Leather and PVC Leather are popular, with High-Range, Medium-Range, and Low-Range options available. Game cafes and e-sports facilities invest in ergonomic chairs with features like caster wheels, swiveling bases, and adjustable armrests. Gaming chairs are not just for video game enthusiasts; they cater to all types of gamers, from board games to realistic games. 

An ergonomic gaming chair is a crucial investment for avid gamers, designed to alleviate discomfort and muscle strain that can lead to health issues like herniated lumbar discs. Unlike conventional chairs, ergonomic gaming chairs promote a natural hand position and sitting posture. They offer features such as reclining capabilities, swivel and tilt functions, seat-side controls, and neck pillows, enabling gamers to relax and recuperate during extended gaming sessions. These chairs are essential for maintaining optimal comfort and reducing the risk of injury while playing. 

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Market Challenges

The gaming chair market is a growing sector in the entertainment industry, catering to both residential and commercial consumers. Two popular types are Hybrid Gaming Chairs and Platform Gaming Chairs. Challenges include ensuring hardware compatibility with various electronic devices, keeping up with new games and online gaming trends, and meeting the needs of professional gamers. Distributors face competition from Home Centers, Specialty Stores, Start-ups, and Online Stores. Gamers prioritize ergonomic features like lumbar support, adjustable armrests, and a cozy seating position. Health and fitness concerns, such as prolonged sitting and postural stress, drive demand for ergonomic designs. Gaming chairs come in various types, including Racer Chairs, Recliner Gaming Chairs, Rocker Gaming Chairs, and Pedestal Gaming Chairs, with or without wheels. Accessories like speakers, retractable footrests, and built-in massage units add value. Market segments include Residential, Commercial, and Gaming Center facilities. Key challenges include catering to different price points (High-Range, Medium-Range, Low-Range), addressing health issues like back injuries, carpal tunnel syndrome, and obesity, and ensuring compatibility with various electronic devices and games, including PC games, console games, mobile games, and virtual reality games. Sales depend on player experience, motion, and realism, as well as gaming peripherals and accessories. Success relies on understanding the needs of video game enthusiasts and offering a wide range of variants and customization options.The mobile gaming market has experienced significant growth due to the widespread use of smart devices. Mobile games generate the majority of revenue in this sector, with smartphones accounting for approximately 75%. The convenience of playing games on-the-go has led to an increase in gaming usage on smartphones. Gaming apps are readily available for free on smartphones, eliminating the need for additional controllers. This accessibility and affordability have made mobile gaming a popular pastime for many. Companies are responding to this trend by focusing on app development for mobile games, further expanding the market.

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Segment Overview 

This gaming chair market report extensively covers market segmentation by

Price 1.1 Mid-range1.2 Low-range1.3 High-rangeType 2.1 Table2.2 Hybrid2.3 PlatformGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Mid-range-  The mid-range segment of the global gaming chair market is currently the most preferred choice for consumers. These chairs offer proper armrests, which help alleviate shoulder and arm pain. Mid-range gaming chairs come with decent-quality audio systems and sizable subwoofers, adding to the overall gaming experience. X-Rocker is a leading brand in this segment, producing chairs like the X-Rocker Pro. Mid-range gaming chairs resemble office chairs but have a slightly lower height. Their adjustable height allows users to align the chair with their TV or media device, reducing neck strain. The mid-range segment’s popularity will continue to fuel the growth of the global gaming chair market due to its reasonable pricing and added features.

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Research Analysis

The Gaming Chair market encompasses various types of chairs designed specifically for PC gamers and video game enthusiasts. These chairs offer enhanced ergonomic support for long gaming sessions, with popular variants including Racer Chairs, Recliner Gaming Chairs, Rocker Gaming Chairs, Pedestal Gaming Chairs, Beanbag Gaming Chairs, and Hybrid Gaming Chairs. With wheeled options (With Wheel) or without (Without Wheel), these chairs cater to both residential and commercial settings. Home Centers and Specialty Stores are common retailers, while Start-ups and online platforms are gaining popularity. Features such as adjustable settings, armrests, swiveling bases, caster wheels, and even integrated speakers enhance the gaming experience. Gamers, from casual to professional, benefit from these chairs’ ergonomic design and customization options. Accessories like headrests, footrests, and cup holders further add to the gaming chair experience.

Market Research Overview

The gaming chair market is a dynamic and growing industry, catering to the needs of both residential and commercial consumers. Hybrid and platform gaming chairs are popular choices, offering a blend of comfort and functionality for gamers. These chairs come with various features such as ergonomic designs, adjustable lumbar support, padded backrests, height-adjustable armrests, and steady bases. Gamers can choose from a range of variants, including Racer Chairs, Recliner Gaming Chairs, Rocker Gaming Chairs, and Pedestal Gaming Chairs, with or without wheels. Hardware compatibility is essential, ensuring the chair works with various electronic devices, including PCs, game consoles, and mobile devices. New games, online gaming, and social media platforms have fueled the demand for gaming chairs, with e-games, board games, high-end video games, and virtual reality games also driving sales. Ergonomic chairs with health and fitness features, such as lumbar support, posture correction, and adjustable settings, are increasingly popular. These chairs help prevent postural stress and health issues, including back injuries, torque back, wrist problems, and muscle stiffness. The entertainment sector, including game cafes and esports tournaments, is a significant market for gaming chairs. Accessories like speakers, head cushions, detachable footrests, and retractable footrests, add to the overall gaming experience. The market also includes start-ups and specialty stores, offering a range of prices from high-end to low-range, including PU Leather and PVC Leather chairs. Gaming chairs are not just for video game enthusiasts but also for those who enjoy outdoor games, cozy seating positions, and motion-based games. With RGB lighting systems, colors, and designs, these chairs offer a personalized gaming experience. Prolonged sitting can lead to health issues, making ergonomic chairs an essential investment for gamers.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

PriceMid-rangeLow-rangeHigh-rangeTypeTableHybridPlatformGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Blue Owl Capital Expands Tennis Player Sponsorship to All Grand Slam Tournaments in 2025

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January 12, 2025

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Blue Owl to place logo patches on dozens of athletes competing across the Australian Open,
French Open, Wimbledon, and US Open

Jordan Thompson named as Blue Owl’s dedicated athlete ambassador for the Australian Open

NEW YORK, Jan. 12, 2025 /PRNewswire/ — Blue Owl Capital Inc. (“Blue Owl”) (NYSE: OWL), a leading alternative asset manager, announced today a marquee sponsorship agreement to expand their presence at all Grand Slam tournaments in 2025 and become the exclusive financial services partner for professional tennis’ Player Patch Program.

Blue Owl’s logo will be featured on the shirt of select players competing across men’s singles, women’s singles, mixed doubles, men’s doubles and women’s doubles competitions at this year’s Australian Open, French Open, Wimbledon, and US Open tournaments. In addition to Blue Owl’s presence on the courts, the firm will be featured in iconic Melbourne transit hubs, social media and digital media during the Australian Open in an effort to raise brand awareness within the country and the broader APAC market.

Blue Owl Chief Marketing Officer Suzanne Escousse said, “Just as Blue Owl is redefining alternative investing, we are supporting established and emerging professional players who are redefining the game of tennis. Tennis is a truly worldwide sport requiring peak performance in critical, high-pressure moments. This is the same ethos that underpins Blue Owl and allows us to focus on delivering results for our international client base. Following the success of our involvement with the Patch Program at the 2024 US Open, and given Blue Owl’s established presence within the country, Australia is the perfect place to kick off our presence across Grand Slam tournaments.”

Blue Owl has also partnered with Australian tennis professional Jordan Thompson, who will serve as the firm’s Athlete Ambassador at the 2025 Australian Open – January 12-26 in Melbourne. Most recently, Thompson won the men’s doubles at the 2024 US Open, where he was wearing a Blue Owl patch, and was a men’s doubles finalist at Wimbledon in 2024. He has also registered victories over several top-10-ranked opponents in singles competitions and previously represented Australia at the Olympics and the Davis Cup. Thompson will be one of several competitors wearing Blue Owl’s logo throughout the tournament.

Jordan Thompson said: “Blue Owl is focused on delivering excellence for its clients, which makes it a great fit for a partnership with professional tennis players. Support from firms like Blue Owl is tremendously beneficial for players who are preparing for career-defining events, especially the four Grand Slams. Our shared core values, including striving for success in every step of our journeys, whether that be in the financial services industry or competing as a professional athlete, is a perfect match. Alongside my coaches, my doubles teammate(s) and tennis fans, Blue Owl will play a key role for me here in Melbourne at the 2025 Australian Open.”

About Blue Owl

Blue Owl (NYSE: OWL) is a leading asset manager that is redefining alternatives.

With $235 billion in assets under management as of September 30, 2024, we invest across three multi-strategy platforms: Credit, GP Strategic Capital, and Real Estate. Anchored by a strong permanent capital base, we provide businesses with private capital solutions to drive long-term growth and offer institutional investors, individual investors, and insurance companies differentiated alternative investment opportunities that aim to deliver strong performance, risk-adjusted returns, and capital preservation.

Together with over 1,050 experienced professionals, Blue Owl brings the vision and discipline to create the exceptional. To learn more, visit www.blueowl.com.

Media Contact

Nick Theccanat
Principal, Corporate Communications & Government Affairs
Nick.Theccanat@blueowl.com

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SOURCE Blue Owl Capital

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Wayfair and Google Cloud Announce Expanded Partnership to Transform Online Retail with Gemini

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21 minutes ago

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January 12, 2025

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With Google’s advanced Gemini models and Google Workspace, Wayfair is now able to enhance product catalog, employee productivity, and customer experience

SUNNYVALE, Calif., Jan. 12, 2025 /PRNewswire/ — Wayfair and Google Cloud today announced an expanded partnership to significantly enhance the online retailer’s product catalog with Google’s advanced Gemini models on Vertex AI and to improve employee collaboration by deploying Google Workspace to its thousands of employees worldwide. By using Google’s AI technologies, Wayfair has already seen improvements in workforce efficiency and operational cost savings.

“At Wayfair, we believe gen AI is the key to unlocking the next generation of retail experiences,” said Fiona Tan, Chief Technology Officer at Wayfair. “With Google Cloud, we’ve been able to efficiently scale and enrich our product catalogs, enabling us to support a more seamless and engaging shopping experience for our customers.”

Gemini on Vertex AI for Automated Catalog Enrichment

In the fast-paced world of e-commerce, surfacing the right products at the right time is crucial. Wayfair is already seeing results from its use of Gemini on Google Cloud, including:

Faster Time-to-Market: Instead of manually tagging each new product across its 30 million product portfolio, Wayfair is using Gemini on Google Cloud to automatically categorize products, reducing the time needed to curate new and update existing product listings by 67%.Significant Cost Savings: By removing the tedious process of manually tagging attributes like color and style, Wayfair estimates it will drive hundreds of thousands in cost savings per year.Better Listing Quality: Gemini’s ability to analyze images opened up new possibilities for Wayfair, such as automatically catching errors in product dimensions listed in the catalog, leading to better customer satisfaction.Improved Customer Experience: Increasing the accuracy of product attributes like color and subject, and improving the coverage of these attribute tags in the catalog, improved conversion rates when customers use these filters by ~2%.More Responsible Content Management: With Gemini, Wayfair now has a scalable, AI-augmented process for identifying and flagging inappropriate materials.

Gemini for Workspace to Enhance Employee Productivity

In addition to catalog enrichment, Wayfair is also leveraging Gemini for Google Workspace to improve the productivity of employees and create better experiences for them. Wayfair has had success using Gemini in Gmail, Google Docs, and more to help employees streamline and collaborate on tasks like drafting and responding to emails, summarizing and proofreading documents, building presentation templates, and more. Wayfair is also finding success using Gems, which are customized versions of Gemini to help with tasks or get deep expertise in new areas. With Gemini for Workspace and Gems, Wayfair has seen a boost to employee productivity, enhanced collaboration, and improvements in creativity across the organization.

“Wayfair is redefining what’s possible in retail with Google Cloud’s generative AI,” said Matt Renner, President, Global Revenue at Google Cloud. “By harnessing the power of Gemini and Google Workspace, Wayfair is not only automating complex tasks and boosting employee collaboration, but also creating more personalized and engaging experiences for every shopper. This is a prime example of how AI can transform businesses and deliver tangible benefits to customers and employees.”

About Google Cloud

Google Cloud is the new way to the cloud, providing AI, infrastructure, developer, data, security, and collaboration tools built for today and tomorrow. Google Cloud offers a powerful, fully integrated and optimized AI stack with its own planet-scale infrastructure, custom-built chips, generative AI models and development platform, as well as AI-powered applications, to help organizations transform. Customers in more than 200 countries and territories turn to Google Cloud as their trusted technology partner.

About Google Workspace

Google Workspace is a suite of productivity apps, including Gmail, Drive, Calendar, Docs, Meet, Vids, and more, that are trusted by more than 3 billion users and over 10 million paying customers. Google Workspace helps people and teams do their best work across any device, from anywhere. AI has been used in Google Workspace for years to improve grammar, efficiency, security, and more with features like Smart Reply, Smart Compose, and malware and phishing protection in Gmail. Now, Gemini for Google Workspace brings AI into the entire suite.

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SOURCE Google Cloud

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MaryRuth’s Celebrates TikTok Shop Super Brand Day With Exclusive Offers and Viral Favorites

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January 12, 2025

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LOS ANGELES, Jan. 12, 2025 /PRNewswire/ — MaryRuth’s, the trusted leader in liquid vitamins and wellness products, is thrilled to announce its participation in TikTok Shop’s Super Brand Day from January 12 to 18, 2025. For this exclusive event, MaryRuth’s is celebrating with up to 40% off shopwide and exclusive multi-pack bundles of their top-selling products including viral favorites.

MaryRuth’s Liquid Morning Multivitamin + Hair Growth became a social media sensation in 2024, with over 369,000 bottles sold and 18,000 5-star reviews from customers who rave about its convenience, taste, and powerful benefits for health and hair growth. With these exclusive deals on TikTok Shop, MaryRuth’s aims to make its most-loved products even more accessible to its community to kick off healthy habits in 2025.

“We are so thrilled to be part of TikTok Shop’s Super Brand Day,” said MaryRuth Ghiyam, Founder and CEO of MaryRuth’s. “Our mission has always been to help people feel their best with high-quality, delicious, easy-to-use wellness products, and this event allows us to reach even more people with great deals on the products they love.”

Customers can take advantage of up to 40% off all products on MaryRuth’s TikTok Shop and shop specially curated bundles, including multi-packs of the Liquid Morning Multivitamin + Hair Growth. Designed to support overall health as well as hair thickness, hair growth, and skin health, this multivitamin has become a must-have for many health-conscious individuals.

MaryRuth’s will also showcase engaging TikTok content to celebrate this partnership, including product demonstrations, customer testimonials, and exclusive offers for TikTok users.

Mark your calendars for January 12-18, 2025, and join MaryRuth’s in celebrating TikTok Shop Super Brand Day. Don’t miss this opportunity to shop viral favorites and stock up to support your wellness for the new year and beyond!

About MaryRuth’s
MaryRuth was inspired to help empower others to take wellness into their own hands after seeing how health issues personally impacted her loved ones. As a health educator, nutritional consultant, culinary chef, and mom to 4 children, MaryRuth was driven to formulate a delicious, easy-to-take multivitamin with quality ingredients for her clients and family. This led to the creation of what is now America’s #1 best-selling liquid multivitamin. Through our growing product line, we aim to continue what was MaryRuth’s original mission: helping you to create small, healthy habits to move forward every day.

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SOURCE MaryRuth Organics

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