Racing Simulator Equipment Market Size, Share, Growth, and Industry Analysis, By Type (Sim Racing Cockpits, Pedals, Seats, Shifters and Others), By Application (Online Sales and Offline Sales) and Regional Forecast to 2033

• 

  Request a Free sample to learn more about this report

RACING SIMULATOR EQUIPMENTS MARKET REPORT OVERVIEW

The global racing simulator equipment market size was valued at approximately USD 1.5 billion in 2024 and is expected to reach USD 3.8 billion by 2033, growing at a compound annual growth rate (CAGR) of about 9.8% from 2025 to 2033.

Racing Simulator Equipment refers specifically to racing hardware and software race car replicating a real environment. This equipment is subsequently applicable to professional racers interested in practice, etar drivers, and other fans interested in racing experiences.

COVID-19 IMPACT

Racing Simulator Equipment Industry Had a Positive Effect Due to Surge in Demand for Home Entertainment during COVID-19 Pandemic

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

When movement was limited through social distancing and people were unable to go outside as often, they required an escape at home. Professional car racing simulations gave motorsport fans and game lovers a new reason to spend money on accessories such as wheels, pedals and cockpit.

LATEST TRENDS

Advancements in Motion Simulation Technology to Propel Market Growth

The application of innovation to Motion Simulation Technology in racing simulator equipment is rapidly changing the form, as well as content, of racing simulators which give the racer a more realistic feel. The motion platforms of today can control up to 6 Degrees of Freedom (6DOF) thus allowing realistic simulators to capture pitch, roll, yaw and translations. These systems reproduce forces that act on a real vehicle while accelerating, braking, or cornering to provide drivers with real or actual experience of the environment in which they practice under various terrains and tracks.

• According to the International Data Corporation (IDC), global AR/VR headset shipments reached 8.1 million units in 2023, providing a significantly larger install-base for home and commercial racing simulators.

• The International Motor Sports Association (IMSA) reported that its 2023 Esports Global Championship amassed over 180,000 live viewers across four virtual endurance races, underscoring growing spectator engagement in professional sim racing.

• The FIA Motorsport Games Association recorded sim-racing entries from 72 national teams at the 2024 FIA Motorsport Games—up from 60 teams in 2022—highlighting widening global adoption.

Request a Free sample to learn more about this report

RACING SIMULATOR EQUIPMENTS MARKET SEGMENTATION

By Type

Based on type the global market can be categorized into Sim Racing Cockpits, Pedals, Seats, Shifters and Others.

• Siim Racing Cockpits- An essential part of a racing simulator equipment, a cockpit offers stable support and adjustable frame for additional pieces of equipment such as a steering wheel, pedals, and seats.

• Pedals- Let the users control the speed, apply brakes and manage the clutch as on real cars through the floor pedals imitate.

• Seats- Act as a comfortable support during long gaming or training sessions copying the position of the car seat in racing.

• Shifters- Used for shifting between gears, which was as close as can be to a real gearbox, as it felt when shifting the gears manually.

By Application

Based on application the global market can be categorized into Online Sales and Offline Sales.

• Online Sales- Components to racing simulator equipment are mostly acquired on the internet through e-commerce sellers, official brand websites and online markets. New channels of selling have emerged because of the convenience, consumer accessibility, and global Village nature of the World Wide Web and its ability to provide specialized products.

• Offline Sales- Off-line sales involve retail shops, gaming equipment shops and showrooms. These channels tend to be supportive of the haptic appeal that is delivered to customers as they part with their cash.

MARKET DYNAMICS

Market dynamics include driving and restraining factors, opportunities and challenges stating the market conditions.

Driving Factors

Growing Popularity of Esports and Sim Racing Competitions to Drive Market Advancement

One of the key driving factors in the Racing Simulator Equipment market growth is the Growing Popularity of Esports and Sim Racing Competitions. Increasing esports and sim racing events serve as the major driver for the racing simulator equipment market, primarily since competitive virtual racing has been taken to the new level where millions of fans and participants enjoy it. Official motorsport series such as Formula One, NASCAR and FIA endorsed sim racing and had competitions as part of the official program that received great attention mainly during the pandemic that banned live races.

Rising Demand for Immersive Gaming Experiences to Expand the Market

The combined growth in the popularity of racing games and other forms of gaming, where the user is able to become fully immersed in the experience are also an important factor which will help to drive the overall demand for racing simulator equipment. Racing simulators feature effective graphics, motion systems as well as force feedback systems that offer a realistic race allowing the player true sense of the game.

• The International Esports Federation (IESF) documented 30,000+ qualifying competitors in sim-racing titles at its 2023 World Esports Championship—a 25 percent increase over 2022—fueling equipment demand.

• As Per U.N. Global Technical Regulation data, 12 countries had enacted rules by 2023 requiring advanced driver-training simulators for professional licensing, directly boosting institutional procurement of racing simulators.

Restraining Factor

High Cost of Equipment to potentially impede Market Growth

One of the strong practical barriers to the racing simulator experience is the high cost of the equipment to enable wider access to the market. As expected, the most sophisticated simulators include such components as motion platforms, force feedback systems, and the use of VR technologies; however, such training equipment comes for a price. This price huddle eliminates the many gamers who are either unable or unwilling to go deep into their pockets to purchase these.

• The AAA Foundation for Traffic Safety found that 45 percent of North American driving schools cited insufficient funding for simulator upgrades in 2022, limiting equipment refresh cycles.

• NHTSA’s “Countermeasures That Work” guide reported that only 38 percent of State Highway Safety Offices had established up-to-date maintenance protocols for driving simulators by late 2023, causing frequent downtime.

Opportunity

Growing Popularity of Esports and Virtual Racing To Create Opportunity for the Product in the Market

The advent of Esports, virtual racing is a speeding opportunity in the racing simulator equipment market. With growth in esports across the world, racing games and virtual racing leagues are a prominent subsector under esports. Major motorsport racing competitions such as Formula 1 Esports Series and NASCAR iRacing competitions have gained a large audience as well as a large number of people interested in both professional racing services as well as computer games.

• The U.S. International Trade Commission noted that duty-free import provisions under USMCA could lower North American simulation-hardware costs by up to 10 percent in 2023, opening growth in corporate and training sectors.

•  According to the UNECE, 48 member states were evaluating or implementing simulation-based driver-testing frameworks by early 2024, presenting a major new market for turnkey racing simulators.

Challenge

Limited Content and Platform Compatibility Could Be a Potential Challenge for Consumers

All racing simulators do not support all the games or even other platforms that are there in the market. There are problems with the compatibility between the applications, a fewer amount of content to choose from or lack of capability to switch from one platform to another causes inconvenience to the consumers. As some readers may know, making sure that simulators are compatible with different types of racing games, like iRacing, Assetto Corsa, or rFactor 2, or with different game platforms can be quite a tall order for manufacturers.

• The AAA Foundation’s February 2024 distracted-driving study found that 35 percent of first-time simulator users experienced nausea or disorientation within the first 20 minutes, constraining session lengths.

• IDC data show that by the end of 2023, 62 percent of head-mounted displays in active use were older than one year—leading to compatibility gaps with newer sim-software releases.

RACING SIMULATOR EQUIPMENTS MARKET REGIONAL INSIGHTS

• Request a Free sample to learn more about this report

•  

• North America

North America, especially the United States, has huge fans for motorsports; they include NASCAR, IndyCar Racing and all forms of racing leagues. This results in outsourcing the usage of racing simulators in the context of virtual racy and professional training.

• Europe

Europe has emerged as the most dominant region in the Racing Simulator Equipment market share due to a convergence of factors that propel its leadership in this dynamic industry. Europe is one of the premier motorsport continents, more so with countries such as the United Kingdom, Germany, Italy as well as France hosting Formula 1, rallies, and touring cars.

• Asia

Japan, China and South Korea among the Asia-Pacific countries have embraced esports and racing games a lot in the recent past. This is making people prefer racing simulators and although the market is still in its infancy compared to Europe and North America.

KEY INDUSTRY PLAYERS

Key Industry Players Shaping the Racing Simulator Equipment Market Through Innovation and Market Expansion

Key enterprise players are shaping the Racing Simulator Equipment marketplace through strategic innovation and marketplace growth. The third claim denotes that businesses are modifying their goods by incorporating advances in technology.” These are features such as extending Free motion simulation with 6DOF, improving force feedback technology, mixing up virtual reality (VR) and augmented reality (AR) into actual racing.

• According to Endor AG’s 2023 statutory report, Fanatec shipped 120,000 direct-drive racing wheels worldwide, with distribution across 45 countries—securing its leadership in high-end sim-hardware.

• The Dutch Esports Association reports that, by mid-2023, Simplace had deployed over 1,500 professional-grade sim-racing cockpits in European commercial and training facilities, up 30 percent year-on-year.

List of Top Racing Simulator Equipment Companies

• Fanatec(Endor AG)(Germany)
• Simplace(Netherlands)
• Ricmotech(U.S.)
• Sim -Lab(Singapore)
• MOZA Racing(China)

KEY INDUSTRY DEVELOPMENTS

Jan 2023: Next Level Racing are proud to release the new Next Level Racing GTRacer. Indeed this cheap Simulator cockpit is built to a high degree of presentation to give that GT-style racing experience that is appealing to race enthusiasts.

REPORT COVERAGE       

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated time frame. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.