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North America Racing Simulator Market Size, Share & Trends Analysis Report By Offering (Hardware, and Software), By Simulator Type, By Vehicle Type, By Sales Channel, By Application, By Component, By Country and Growth Forecast, 2023 - 2030

Published Date : 26-Mar-2024

Pages: 141

Formats: PDF

The North America Racing Simulator Market would witness market growth of 14.6% CAGR during the forecast period (2023-2030).

The US market dominated the North America Racing Simulator Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $276 Million by 2030. The Canada market is experiencing a CAGR of 17.1% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 16.1% during (2023 - 2030).

North America Racing Simulator Market

The primary and most well-known use of racing simulators is in the gaming industry. For example, as per National Library of Medicine, the latest e-sports statistics reveal that the industry generated more than USD1 billion in sales in 2019. These simulators offer an immersive and realistic experience, allowing gamers to simulate high-speed races, compete against virtual opponents, and explore a variety of tracks and vehicles. The rise of esports has led to the establishment of virtual racing leagues and competitions. Racing simulators are the foundation for competitive esports events, attracting professional gamers and providing a platform for virtual racing tournaments.

Moreover, automotive manufacturers use racing simulators for virtual prototyping and testing of vehicle designs. Simulators allow engineers to assess and refine vehicle dynamics, aerodynamics, and performance characteristics before building physical prototypes, reducing development costs and time. Racing simulators provide a controlled environment to test and optimize individual vehicle components, from engines to suspension systems. This iterative testing process helps manufacturers fine-tune their vehicles for optimal performance.

According to the International Trade Administration, in 2022, there were more than 27 million e-commerce users in Canada or 75% of the population. This percentage is anticipated to reach 77.6% by 2025. Retail eCommerce sales in Canada are rising due to increased online shoppers. E-commerce sales were estimated to be around US$2.34 billion in March 2022. The integration of racing simulators with motorsports entertainment has contributed to the popularity of racing events in Mexico. Hence, the factors mentioned above will drive the regional market growth.

Free Valuable Insights: The Racing Simulator Market is Predict to reach USD 1.1 Billion by 2030, at a CAGR of 15.3%

Based on Offering, the market is segmented into Hardware, and Software. Based on Simulator Type, the market is segmented into Compact/ Entry-Level Simulator, Medium-level Simulator, and Full-Scale Simulator. Based on Vehicle Type, the market is segmented into Passenger Car, and Commercial Vehicle. Based on Sales Channel, the market is segmented into Online, and Offline. Based on Application, the market is segmented into Home/Personal Use, and Commercial. Based on Component, the market is segmented into Steering Wheel, Pedal Sets, Monitor Stand, Cockpits, Seats, Gearbox Shifters, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

  • CXC Simulations
  • D-BOX Technologies, Inc.
  • Vesaro Limited
  • Cruden B.V.
  • ECA Group (Exail Technologies)
  • Trak Racer
  • Next Level Racing Simulations PTY LTD
  • VI-grade GmbH (Spectris plc)
  • Anthony Best Dynamics Limited
  • Cranfield Aerospace Solutions

North America Racing Simulator Market Report Segmentation

By Offering

  • Hardware
  • Software

By Simulator Type

  • Compact/ Entry-Level Simulator
  • Medium-level Simulator
  • Full-Scale Simulator

By Vehicle Type

  • Passenger Car
  • Commercial Vehicle

By Sales Channel

  • Online
  • Offline

By Application

  • Home/Personal Use
  • Commercial

By Component

  • Steering Wheel
  • Pedal Sets
  • Monitor Stand
  • Cockpits
  • Seats
  • Gearbox Shifters
  • Others

By Country

  • US
  • Canada
  • Mexico
  • Rest of North America
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Racing Simulator Market, by Offering
1.4.2 North America Racing Simulator Market, by Simulator Type
1.4.3 North America Racing Simulator Market, by Vehicle Type
1.4.4 North America Racing Simulator Market, by Sales Channel
1.4.5 North America Racing Simulator Market, by Application
1.4.6 North America Racing Simulator Market, by Component
1.4.7 North America Racing Simulator Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance
2.1 Key Highlights

Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Opportunities
3.2.3 Market Restraints
3.2.4 Market Challenges
3.3 Porter’s Five Forces Analysis

Chapter 4. Recent Strategies Deployed in Racing Simulator Market

Chapter 5. North America Racing Simulator Market by Offering
5.1 North America Hardware Market by Region
5.2 North America Software Market by Region

Chapter 6. North America Racing Simulator Market by Simulator Type
6.1 North America Compact/ Entry-Level Simulator Market by Country
6.2 North America Medium-level Simulator Market by Country
6.3 North America Full-Scale Simulator Market by Country

Chapter 7. North America Racing Simulator Market by Vehicle Type
7.1 North America Passenger Car Market by Country
7.2 North America Commercial Vehicle Market by Country

Chapter 8. North America Racing Simulator Market by Sales Channel
8.1 North America Online Market by Country
8.2 North America Offline Market by Country

Chapter 9. North America Racing Simulator Market by Application
9.1 North America Home/Personal Use Market by Country
9.2 North America Commercial Market by Country

Chapter 10. North America Racing Simulator Market by Component
10.1 North America Steering Wheel Market by Country
10.2 North America Pedal Sets Market by Country
10.3 North America Monitor Stand Market by Country
10.4 North America Cockpits Market by Country
10.5 North America Seats Market by Country
10.6 North America Gearbox Shifters Market by Country
10.7 North America Others Market by Country

Chapter 11. North America Racing Simulator Market by Country
11.1 US Racing Simulator Market
11.1.1 US Racing Simulator Market by Offering
11.1.2 US Racing Simulator Market by Simulator Type
11.1.3 US Racing Simulator Market by Vehicle Type
11.1.4 US Racing Simulator Market by Sales Channel
11.1.5 US Racing Simulator Market by Application
11.1.6 US Racing Simulator Market by Component
11.2 Canada Racing Simulator Market
11.2.1 Canada Racing Simulator Market by Offering
11.2.2 Canada Racing Simulator Market by Simulator Type
11.2.3 Canada Racing Simulator Market by Vehicle Type
11.2.4 Canada Racing Simulator Market by Sales Channel
11.2.5 Canada Racing Simulator Market by Application
11.2.6 Canada Racing Simulator Market by Component
11.3 Mexico Racing Simulator Market
11.3.1 Mexico Racing Simulator Market by Offering
11.3.2 Mexico Racing Simulator Market by Simulator Type
11.3.3 Mexico Racing Simulator Market by Vehicle Type
11.3.4 Mexico Racing Simulator Market by Sales Channel
11.3.5 Mexico Racing Simulator Market by Application
11.3.6 Mexico Racing Simulator Market by Component
11.4 Rest of North America Racing Simulator Market
11.4.1 Rest of North America Racing Simulator Market by Offering
11.4.2 Rest of North America Racing Simulator Market by Simulator Type
11.4.3 Rest of North America Racing Simulator Market by Vehicle Type
11.4.4 Rest of North America Racing Simulator Market by Sales Channel
11.4.5 Rest of North America Racing Simulator Market by Application
11.4.6 Rest of North America Racing Simulator Market by Component

Chapter 12. Company Profiles
12.1 CXC Simulations
12.1.1 Company Overview
12.1.2 SWOT Analysis
12.2 D-BOX Technologies, Inc.
12.2.1 Company Overview
12.2.2 Financial Analysis
12.2.3 Regional Analysis
12.2.4 Research & Development Expenses
12.2.5 Recent strategies and developments:
12.2.5.1 Partnerships, Collaborations, and Agreements:
12.2.6 SWOT Analysis
12.3 Vesaro Limited
12.3.1 Company Overview
12.3.2 Recent strategies and developments:
12.3.2.1 Partnerships, Collaborations, and Agreements:
12.3.3 SWOT Analysis
12.4 Cruden B.V.
12.4.1 Company Overview
12.4.2 Recent strategies and developments:
12.4.2.1 Partnerships, Collaborations, and Agreements:
12.4.3 SWOT Analysis
12.5 ECA Group (Exail Technologies)
12.5.1 Company Overview
12.5.2 Financial Analysis
12.5.3 Segmental and Regional Analysis
12.5.4 Research & Development Expenses
12.5.5 SWOT Analysis
12.6 Trak Racer
12.6.1 Company Overview
12.6.2 SWOT Analysis
12.7 Next Level Racing Simulations PTY LTD
12.7.1 Company Overview
12.7.2 Recent strategies and developments:
12.7.2.1 Product Launches and Product Expansions:
12.7.3 SWOT Analysis
12.8 VI-grade GmbH (Spectris plc)
12.8.1 Company Overview
12.8.2 Financial Analysis
12.8.3 Segmental and Regional Analysis
12.8.4 Recent strategies and developments:
12.8.4.1 Partnerships, Collaborations, and Agreements:
12.8.4.2 Product Launches and Product Expansions:
12.8.5 SWOT Analysis
12.9 Anthony Best Dynamics Limited
12.9.1 Company Overview
12.9.2 Recent strategies and developments:
12.9.2.1 Acquisition and Mergers:
12.9.3 SWOT Analysis
12.10. Cranfield Aerospace Solutions
12.10.1 Company Overview
12.10.2 SWOT Analysis
TABLE 1 North America Racing Simulator Market, 2019 - 2022, USD Million
TABLE 2 North America Racing Simulator Market, 2023 - 2030, USD Million
TABLE 3 North America Racing Simulator Market by Offering, 2019 - 2022, USD Million
TABLE 4 North America Racing Simulator Market by Offering, 2023 - 2030, USD Million
TABLE 5 North America Hardware Market by Region, 2019 - 2022, USD Million
TABLE 6 North America Hardware Market by Region, 2023 - 2030, USD Million
TABLE 7 North America Software Market by Region, 2019 - 2022, USD Million
TABLE 8 North America Software Market by Region, 2023 - 2030, USD Million
TABLE 9 North America Racing Simulator Market by Simulator Type, 2019 - 2022, USD Million
TABLE 10 North America Racing Simulator Market by Simulator Type, 2023 - 2030, USD Million
TABLE 11 North America Compact/ Entry-Level Simulator Market by Country, 2019 - 2022, USD Million
TABLE 12 North America Compact/ Entry-Level Simulator Market by Country, 2023 - 2030, USD Million
TABLE 13 North America Medium-level Simulator Market by Country, 2019 - 2022, USD Million
TABLE 14 North America Medium-level Simulator Market by Country, 2023 - 2030, USD Million
TABLE 15 North America Full-Scale Simulator Market by Country, 2019 - 2022, USD Million
TABLE 16 North America Full-Scale Simulator Market by Country, 2023 - 2030, USD Million
TABLE 17 North America Racing Simulator Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 18 North America Racing Simulator Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 19 North America Passenger Car Market by Country, 2019 - 2022, USD Million
TABLE 20 North America Passenger Car Market by Country, 2023 - 2030, USD Million
TABLE 21 North America Commercial Vehicle Market by Country, 2019 - 2022, USD Million
TABLE 22 North America Commercial Vehicle Market by Country, 2023 - 2030, USD Million
TABLE 23 North America Racing Simulator Market by Sales Channel, 2019 - 2022, USD Million
TABLE 24 North America Racing Simulator Market by Sales Channel, 2023 - 2030, USD Million
TABLE 25 North America Online Market by Country, 2019 - 2022, USD Million
TABLE 26 North America Online Market by Country, 2023 - 2030, USD Million
TABLE 27 North America Offline Market by Country, 2019 - 2022, USD Million
TABLE 28 North America Offline Market by Country, 2023 - 2030, USD Million
TABLE 29 North America Racing Simulator Market by Application, 2019 - 2022, USD Million
TABLE 30 North America Racing Simulator Market by Application, 2023 - 2030, USD Million
TABLE 31 North America Home/Personal Use Market by Country, 2019 - 2022, USD Million
TABLE 32 North America Home/Personal Use Market by Country, 2023 - 2030, USD Million
TABLE 33 North America Commercial Market by Country, 2019 - 2022, USD Million
TABLE 34 North America Commercial Market by Country, 2023 - 2030, USD Million
TABLE 35 North America Racing Simulator Market by Component, 2019 - 2022, USD Million
TABLE 36 North America Racing Simulator Market by Component, 2023 - 2030, USD Million
TABLE 37 North America Steering Wheel Market by Country, 2019 - 2022, USD Million
TABLE 38 North America Steering Wheel Market by Country, 2023 - 2030, USD Million
TABLE 39 North America Pedal Sets Market by Country, 2019 - 2022, USD Million
TABLE 40 North America Pedal Sets Market by Country, 2023 - 2030, USD Million
TABLE 41 North America Monitor Stand Market by Country, 2019 - 2022, USD Million
TABLE 42 North America Monitor Stand Market by Country, 2023 - 2030, USD Million
TABLE 43 North America Cockpits Market by Country, 2019 - 2022, USD Million
TABLE 44 North America Cockpits Market by Country, 2023 - 2030, USD Million
TABLE 45 North America Seats Market by Country, 2019 - 2022, USD Million
TABLE 46 North America Seats Market by Country, 2023 - 2030, USD Million
TABLE 47 North America Gearbox Shifters Market by Country, 2019 - 2022, USD Million
TABLE 48 North America Gearbox Shifters Market by Country, 2023 - 2030, USD Million
TABLE 49 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 50 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 51 North America Racing Simulator Market by Country, 2019 - 2022, USD Million
TABLE 52 North America Racing Simulator Market by Country, 2023 - 2030, USD Million
TABLE 53 US Racing Simulator Market, 2019 - 2022, USD Million
TABLE 54 US Racing Simulator Market, 2023 - 2030, USD Million
TABLE 55 US Racing Simulator Market by Offering, 2019 - 2022, USD Million
TABLE 56 US Racing Simulator Market by Offering, 2023 - 2030, USD Million
TABLE 57 US Racing Simulator Market by Simulator Type, 2019 - 2022, USD Million
TABLE 58 US Racing Simulator Market by Simulator Type, 2023 - 2030, USD Million
TABLE 59 US Racing Simulator Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 60 US Racing Simulator Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 61 US Racing Simulator Market by Sales Channel, 2019 - 2022, USD Million
TABLE 62 US Racing Simulator Market by Sales Channel, 2023 - 2030, USD Million
TABLE 63 US Racing Simulator Market by Application, 2019 - 2022, USD Million
TABLE 64 US Racing Simulator Market by Application, 2023 - 2030, USD Million
TABLE 65 US Racing Simulator Market by Component, 2019 - 2022, USD Million
TABLE 66 US Racing Simulator Market by Component, 2023 - 2030, USD Million
TABLE 67 Canada Racing Simulator Market, 2019 - 2022, USD Million
TABLE 68 Canada Racing Simulator Market, 2023 - 2030, USD Million
TABLE 69 Canada Racing Simulator Market by Offering, 2019 - 2022, USD Million
TABLE 70 Canada Racing Simulator Market by Offering, 2023 - 2030, USD Million
TABLE 71 Canada Racing Simulator Market by Simulator Type, 2019 - 2022, USD Million
TABLE 72 Canada Racing Simulator Market by Simulator Type, 2023 - 2030, USD Million
TABLE 73 Canada Racing Simulator Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 74 Canada Racing Simulator Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 75 Canada Racing Simulator Market by Sales Channel, 2019 - 2022, USD Million
TABLE 76 Canada Racing Simulator Market by Sales Channel, 2023 - 2030, USD Million
TABLE 77 Canada Racing Simulator Market by Application, 2019 - 2022, USD Million
TABLE 78 Canada Racing Simulator Market by Application, 2023 - 2030, USD Million
TABLE 79 Canada Racing Simulator Market by Component, 2019 - 2022, USD Million
TABLE 80 Canada Racing Simulator Market by Component, 2023 - 2030, USD Million
TABLE 81 Mexico Racing Simulator Market, 2019 - 2022, USD Million
TABLE 82 Mexico Racing Simulator Market, 2023 - 2030, USD Million
TABLE 83 Mexico Racing Simulator Market by Offering, 2019 - 2022, USD Million
TABLE 84 Mexico Racing Simulator Market by Offering, 2023 - 2030, USD Million
TABLE 85 Mexico Racing Simulator Market by Simulator Type, 2019 - 2022, USD Million
TABLE 86 Mexico Racing Simulator Market by Simulator Type, 2023 - 2030, USD Million
TABLE 87 Mexico Racing Simulator Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 88 Mexico Racing Simulator Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 89 Mexico Racing Simulator Market by Sales Channel, 2019 - 2022, USD Million
TABLE 90 Mexico Racing Simulator Market by Sales Channel, 2023 - 2030, USD Million
TABLE 91 Mexico Racing Simulator Market by Application, 2019 - 2022, USD Million
TABLE 92 Mexico Racing Simulator Market by Application, 2023 - 2030, USD Million
TABLE 93 Mexico Racing Simulator Market by Component, 2019 - 2022, USD Million
TABLE 94 Mexico Racing Simulator Market by Component, 2023 - 2030, USD Million
TABLE 95 Rest of North America Racing Simulator Market, 2019 - 2022, USD Million
TABLE 96 Rest of North America Racing Simulator Market, 2023 - 2030, USD Million
TABLE 97 Rest of North America Racing Simulator Market by Offering, 2019 - 2022, USD Million
TABLE 98 Rest of North America Racing Simulator Market by Offering, 2023 - 2030, USD Million
TABLE 99 Rest of North America Racing Simulator Market by Simulator Type, 2019 - 2022, USD Million
TABLE 100 Rest of North America Racing Simulator Market by Simulator Type, 2023 - 2030, USD Million
TABLE 101 Rest of North America Racing Simulator Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 102 Rest of North America Racing Simulator Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 103 Rest of North America Racing Simulator Market by Sales Channel, 2019 - 2022, USD Million
TABLE 104 Rest of North America Racing Simulator Market by Sales Channel, 2023 - 2030, USD Million
TABLE 105 Rest of North America Racing Simulator Market by Application, 2019 - 2022, USD Million
TABLE 106 Rest of North America Racing Simulator Market by Application, 2023 - 2030, USD Million
TABLE 107 Rest of North America Racing Simulator Market by Component, 2019 - 2022, USD Million
TABLE 108 Rest of North America Racing Simulator Market by Component, 2023 - 2030, USD Million
TABLE 109 Key Information – CXC Simulations
TABLE 110 key information – D-BOX Technologies, Inc.
TABLE 111 Key Information – Vesaro Limited
TABLE 112 Key information – Cruden B.V.
TABLE 113 Key Information – ECA Group
TABLE 114 Key Information – Trak Racer
TABLE 115 Key Information – Next Level Racing Simulations PTY LTD
TABLE 116 Key Information – VI-grade GmbH
TABLE 117 Key Information – Anthony Best Dynamics Limited
TABLE 118 Key Information – Cranfield Aerospace Solutions

List of Figures
FIG 1 Methodology for the research
FIG 2 North America Racing Simulator Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Racing Simulator Market
FIG 4 Porter’s Five Forces Analysis – racing simulator market
FIG 5 North America Racing Simulator Market share by Offering, 2022
FIG 6 North America Racing Simulator Market share by Offering, 2030
FIG 7 North America Racing Simulator Market by Offering, 2019 - 2030, USD Million
FIG 8 North America Racing Simulator Market share by Simulator Type, 2022
FIG 9 North America Racing Simulator Market share by Simulator Type, 2030
FIG 10 North America Racing Simulator Market by Simulator Type, 2019 - 2030, USD Million
FIG 11 North America Racing Simulator Market share by Vehicle Type, 2022
FIG 12 North America Racing Simulator Market share by Vehicle Type, 2030
FIG 13 North America Racing Simulator Market by Vehicle Type, 2019 - 2030, USD Million
FIG 14 North America Racing Simulator Market share by Sales Channel, 2022
FIG 15 North America Racing Simulator Market share by Sales Channel, 2030
FIG 16 North America Racing Simulator Market by Sales Channel, 2019 - 2030, USD Million
FIG 17 North America Racing Simulator Market share by Application, 2022
FIG 18 North America Racing Simulator Market share by Application, 2030
FIG 19 North America Racing Simulator Market by Application, 2019 - 2030, USD Million
FIG 20 North America Racing Simulator Market share by Component, 2022
FIG 21 North America Racing Simulator Market share by Component, 2030
FIG 22 North America Racing Simulator Market by Component, 2019 - 2030, USD Million
FIG 23 North America Racing Simulator Market share by Country, 2022
FIG 24 North America Racing Simulator Market share by Country, 2030
FIG 25 North America Racing Simulator Market by Country, 2019 - 2030, USD Million
FIG 26 Swot Analysis: CXC Simulations
FIG 27 Swot Analysis: D-BOX Technologies, Inc.
FIG 28 Swot Analysis: Vesaro Limited
FIG 29 Swot Analysis: Cruden B.V.
FIG 30 Swot Analysis: ECA Group
FIG 31 Swot Analysis: Trak Racer
FIG 32 Swot Analysis: Next Level Racing Simulations PTY LTD
FIG 33 Recent strategies and developments: VI-grade GmbH
FIG 34 Swot Analysis: VI-grade GmbH
FIG 35 Swot Analysis: Anthony Best Dynamics Limited
FIG 36 Swot Analysis: Cranfield Aerospace Solutions

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