Video Game Console Hardware Sales Are Way Down in One 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 dearth of new releases from major players. 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 relatively better with a 20% sales decrease, the Nintendo Switch saw a 15% drop, and the Xbox Series X/S suffered a dramatic 48% decline. 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 saturation point, with the success of the Meta Quest 3S (outsold all major consoles in the US in 2024) further suggesting a trend of stagnating console sales in various regions.

Shifting Sales Landscape: Digital Dominance

While console sales faltered, the overall European gaming market saw a modest 1% increase in 2024, reaching 188.1 million units sold (PC and console combined). This growth, however, is largely driven by a significant shift towards digital distribution. Digital game sales surged by 15%, reaching 131.6 million units, while physical sales plummeted by 22%, reaching only 56.5 million units.

Outlook for 2025

The gaming industry anticipates a more robust 2025, particularly with the anticipated launch of the Nintendo Switch 2. However, it's crucial to acknowledge that the reported sales figures exclude several major European markets, including the UK, Germany, the Netherlands, and Austria. The inclusion of these markets could potentially alter the overall picture for 2024.

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