The Future of Trading Game Cards in 2023: A Walk-Through New Industry Trend Theory
Release date: 01-2023Author:
The trading card game industry is radically changing and becoming even more technologically oriented due to technological advancements. The market for trading card games doesn't appear to be slowing down soon. As consumer disposable incomes increase and demand for collectible trading game cards grows globally among consumers, trading card game industry competitors are poised to enjoy prosperous, lucrative, and auspicious benefits in the near future. Customers inexplicably adore collectible trading cards, which are timeless products with enormous investment returns, particularly if they are based on well-known franchises like the Pokemon franchise.
The appeal of collectible trading cards is that they serve as collectible items that represent the characters, objects, and settings from players' favorite franchises and enable them to engage in trading card games. The Pokemon trading card game, the Magic The Gathering trading card game, the World of Warcraft trading card game, and the Yu-Gi-Oh! trading card game are some of the most well-known collectible trading card games. Trading card games are complex, dynamic games that let players strategically customize decks to fit their play style. As they are collectible items sourced from well-known franchises and have sentimental value, collectible trading cards are extremely popular.
Interest in trading cards as an investment — buying and selling them for a profit — has taken off during the pandemic, making it more difficult to acquire cards and leading to new ways of getting them. Younger people are treating cards like stocks or bonds. The trend, which roughly began in late 2019, picked up steam at such a rapid pace that big box stores, such as Target and Walmart, have implemented strict policies that limit customers to one box of cards. Pokemon cards, sports memorabilia, NFTs, and Funko (FNKO) figurines are becoming alternative investments like fine art or vintage wines. Investing in sports cards has finally caught up with the digital era.
Additionally, the sports card industry is in full swing, much like the remakes of films and television shows from the 80s and 90s. The sports betting industry keeps breaking monthly revenue records and shows no signs of slowing down. The trading game card players are highly indulged in drawing similar consumer demographics via the sports card industry via investing or adopting strategies to boom sports card games.
Moreover, the key market players are focused on key strategies in order to grab the fans attention towards the trading game card. For instance, The Pokemon has announced the Scarlet & Violet series launch for the Pokémon Trading Card Game in 2023. The ex-forms of two new legendary dragons, Miraidon and Koraidon, as well as Lucario, Magnezone, Mimikyu, and Mimikyu will be available to players. Pokémon-ex can turn the tide of a match in their player's favor, and previous sets launched during the EX-era included Pokémon cards with specific attacks that dealt more damage or had crippling effects on the bulky cardboard creatures. Ostensibly, any Stage 1 and Stage 2 evolutions will also come in the ex-flavor. Thus, introducing all new versions of old cards and their eagerness among fans will create a lucrative growth demand in the near future.
The trading card game market is likely to experience unprecedented growth in the future. " According to the Market Statsville Group (MSG), in 2021, the market for collectible card games is expected to grow over USD 22,171.3 million, and by the end of 2030, it is anticipated to reach around USD 178,899.0 million, with a CAGR of 26.3%. In recent years, the trading card game market has expanded tremendously due to the rising popularity of the franchises from which trading cards are derived, trading card unboxing videos, and trading card game live streams; trading cards have recently gained more appeal to consumers.