Gaming Console Hardware Sales Plunge in Specific Region

European Console Market Experiences Sales Dip in 2024

The European video game console market experienced a significant downturn in 2024, primarily attributed to market saturation and a shortage of new major console releases. Despite the launch of the PlayStation 5 Pro, a refreshed version of the existing PS5, overall console sales plummeted by 21% compared to 2023.

Individual console performance reflected this trend. While the PlayStation 5, bolstered by the PS5 Pro release, fared best with a 20% sales decrease, the Nintendo Switch saw a 15% decline, and the Xbox Series X/S suffered a dramatic 48% drop. This downturn is largely attributed to the age of current-generation consoles; the original PS5 and Xbox Series consoles launched in 2020, and the Nintendo Switch debuted in 2017. The market appears to be reaching a plateau, as evidenced by the Meta Quest 3S outselling all major consoles in the US market during 2024.

Shifting Sales Trends: Digital Dominates

While console sales faltered, the overall European gaming market experienced a modest 1% growth in 2024, reaching 188.1 million units sold (PC and console combined). This minimal increase highlights a significant shift in consumer purchasing habits. Digital game sales surged by 15%, reaching 131.6 million units, while physical game sales plummeted by 22%, totaling only 56.5 million units.

Outlook for 2025: Anticipated Resurgence

The gaming industry anticipates a more robust year in 2025, largely due to the upcoming release of the Nintendo Switch 2. However, it's crucial to note that the reported sales figures exclude several major European markets, including the UK, Germany, Netherlands, and Austria. Inclusion of these markets might alter the overall perception of 2024's performance.

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