Tools commonly used in the Video Games-Used (Retail) industry for day-to-day tasks and operations.

• Video game consoles (e.g. PlayStation, Xbox, Nintendo Switch)
• Video game controllers
• Video game discs/cartridges
• Gaming headsets
• HDMI cables
• Cleaning supplies for consoles and discs
• Price guides for video games
• Inventory management software
• Point of sale systems
• Social media platforms for marketing and customer engagement

Common products and services typical of NAICS Code 459510-48, illustrating the main business activities and contributions to the market.

• Used video games
• Pre-owned video game consoles
• Retro video games
• Classic video games
• Second-hand video game accessories
• Trade-in video games
• Vintage video games
• Refurbished video games
• Discounted video games
• Collectible video games

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

• ESRB Rating: The Entertainment Software Rating Board (ESRB) is a self-regulatory organization that assigns age and content ratings to video games. The ESRB rating is required for all video games sold in the US. The ratings range from "Early Childhood" to "Adults Only" and provide information about the game's content, including violence, language, and sexual content. The ESRB is responsible for enforcing its ratings system and ensuring that video game retailers comply with its guidelines.
• Business License: A business license is required for all businesses operating in the US, including video game retailers. The license is issued by the state or local government and ensures that the business complies with all applicable laws and regulations. The requirements for obtaining a business license vary by state and locality.
• Sales Tax Permit: A sales tax permit is required for all businesses that sell goods or services in the US. The permit is issued by the state government and allows the business to collect and remit sales tax on its sales. The requirements for obtaining a sales tax permit vary by state.
• Consumer Product Safety Commission (CPSC) Certification: The CPSC is a US government agency that regulates the safety of consumer products, including video games. Video game retailers must comply with the CPSC's safety standards and obtain certification for their products. The certification process involves testing the product for safety hazards and ensuring that it meets all applicable safety standards.
• Federal Trade Commission (FTC) Advertising Compliance: The FTC is a US government agency that regulates advertising and marketing practices. Video game retailers must comply with the FTC's guidelines for advertising and marketing their products. The guidelines include requirements for truthful and non-deceptive advertising, as well as disclosure of material information about the product.

A concise historical narrative of NAICS Code 459510-48 covering global milestones and recent developments within the United States.

• The video game industry has come a long way since its inception in the 1950s. The first video game was created in 1958 by physicist William Higinbotham, but it wasn't until the 1970s that video games became commercially available. The first home video game console, the Magnavox Odyssey, was released in 1972. The industry continued to grow throughout the 1980s and 1990s, with the introduction of popular consoles such as the Nintendo Entertainment System and the Sony PlayStation. The used video game market emerged in the 1990s, with retailers such as GameStop and EB Games offering trade-ins and reselling used games. In recent years, the rise of digital downloads and online gaming has changed the landscape of the industry, but the used video game market remains a significant part of the industry. In the United States, the used video game market has been a major player in the industry since the 1990s. GameStop, the largest retailer of used video games, was founded in 1994. The market has faced challenges in recent years, with the rise of digital downloads and the decline of physical media. However, the market has remained resilient, with many consumers still preferring physical copies of games and the ability to trade in and purchase used games. The COVID-19 pandemic has also had an impact on the industry, with increased demand for video games and consoles as people spend more time at home. Overall, the used video game market has a rich history and continues to be an important part of the video game industry in the United States.

The anticipated future trajectory of the NAICS 459510-48 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Stable

  The future outlook for the Video Games-Used (Retail) industry in the USA is positive. The industry is expected to continue to grow as the demand for used video games increases. The rise of online marketplaces and the increasing popularity of retro gaming are expected to drive growth in the industry. Additionally, the industry is expected to benefit from the increasing number of gamers who are looking for affordable gaming options. However, the industry may face challenges from the increasing availability of digital games and the rise of game streaming services. Overall, the industry is expected to continue to grow in the coming years.

Recent groundbreaking advancements and milestones in the Video Games-Used (Retail) industry, reflecting notable innovations that have reshaped its landscape.

• Increased Availability Of Retro Games: The availability of retro games has increased in recent years, with many retailers offering a wide selection of classic games. This has driven growth in the industry as more gamers look to relive their childhood memories.
• Online Marketplaces: The rise of online marketplaces such as eBay and Amazon has made it easier for consumers to buy and sell used video games. This has increased competition in the industry and made it easier for consumers to find the games they are looking for.
• Trade-In Programs: Many retailers now offer trade-in programs where consumers can trade in their old games for credit towards new games. This has helped to drive sales in the industry and has made it easier for consumers to afford new games.
• Increased Focus on Quality: Many retailers are now focusing on the quality of their used games, ensuring that they are in good condition and come with all necessary accessories. This has helped to increase consumer confidence in the industry and has driven growth.
• Increased Focus on Customer Service: Many retailers are now focusing on providing excellent customer service, offering warranties and returns policies to ensure that consumers are satisfied with their purchases. This has helped to increase consumer confidence in the industry and has driven growth.

This section provides an extensive list of essential materials, equipment and services that are integral to the daily operations and success of the Video Games-Used (Retail) industry. It highlights the primary inputs that Video Games-Used (Retail) professionals rely on to perform their core tasks effectively, offering a valuable resource for understanding the critical components that drive industry activities.

Material

Collectible Video Game Merchandise: Items such as action figures, posters, and apparel related to popular video games that appeal to collectors and fans.

Digital Game Codes: Codes that allow customers to download games directly to their consoles or PCs, providing a convenient alternative to physical copies.

Game Manuals and Guides: Instructional materials that accompany video games, providing players with essential information on gameplay mechanics and strategies.

Repair Parts for Consoles: Components such as replacement controllers or internal parts that are necessary for maintaining and repairing gaming consoles.

Used Video Games: Previously owned video games that are sold at a lower price, allowing consumers to access a wide variety of titles that may no longer be available new.

Video Game Accessories: Items such as controllers, headsets, and charging stations that enhance the gaming experience and are necessary for gameplay.

Video Game Consoles: Second-hand gaming consoles that are essential for playing video games, providing customers with affordable options to enjoy their favorite games.

Service

Customer Support Services: Assistance provided to customers regarding product inquiries, troubleshooting, and returns, ensuring a positive shopping experience.

Game Trade-In Services: A service that allows customers to exchange their used games for store credit or cash, facilitating a sustainable cycle of gaming.

Video Game Rental Services: A service that allows customers to rent video games for a limited time, providing access to games without the commitment of purchase.

Explore a detailed compilation of the unique products and services offered by the Video Games-Used (Retail) industry. This section provides precise examples of how each item is utilized, showcasing the diverse capabilities and contributions of the Video Games-Used (Retail) to its clients and markets. This section provides an extensive list of essential materials, equipment and services that are integral to the daily operations and success of the Video Games-Used (Retail) industry. It highlights the primary inputs that Video Games-Used (Retail) professionals rely on to perform their core tasks effectively, offering a valuable resource for understanding the critical components that drive industry activities.

Material

Collectible Video Games: Rare and collectible video games are sought after by enthusiasts and collectors. These items often come in special packaging or limited editions, providing a unique opportunity for consumers to own a piece of gaming history.

Digital Game Codes: These codes allow consumers to download used games directly to their consoles or PCs. They provide a convenient way for gamers to access titles without needing physical copies, catering to the growing trend of digital gaming.

Game Guides and Strategy Books: These printed materials offer tips, walkthroughs, and strategies for various video games, helping players improve their skills and enjoy their gaming experience more fully. They are particularly popular among gamers tackling challenging titles.

Trade-In Services for Video Games: This service allows customers to exchange their used games and consoles for store credit or cash, promoting a sustainable cycle of gaming where consumers can refresh their collections while benefiting from their previous purchases.

Used Game Bundles: Bundles often include multiple used games sold together at a discounted price, appealing to consumers looking to expand their game library without spending a fortune. This option is particularly attractive for families or casual gamers.

Used Video Game Consoles: Second-hand gaming consoles are sold to consumers looking to enjoy gaming without the high cost of new systems. These consoles are often refurbished and tested to ensure functionality, allowing customers to experience gaming across various generations.

Used Video Games: These are previously owned video games that are resold to consumers at a lower price than new titles. They provide an affordable way for gamers to access a wide variety of titles, including popular classics and niche games that may no longer be in production.

Video Game Accessories: This includes items such as controllers, charging docks, and headsets that enhance the gaming experience. These accessories are essential for gamers who want to improve their gameplay or replace worn-out items without purchasing new ones.

Video Game Merchandise: This includes items like apparel, figurines, and posters related to popular video games. Such merchandise allows fans to express their passion for their favorite games and characters, enhancing their overall gaming experience.

Service

Repair Services for Video Games and Consoles: Offering repair services for damaged games and consoles, this service helps consumers extend the life of their gaming equipment, ensuring they can continue to enjoy their favorite titles without the need for costly replacements.

A thorough examination of the Video Games-Used (Retail) industry’s external dynamics, focusing on the political, economic, social, technological, legal, and environmental factors that shape its operations and strategic direction.

Political Factors

Economic Factors

Social Factors

Technological Factors

Legal Factors

Economical Factors

An in-depth look at the Video Games-Used (Retail) industry's value chain, highlighting its role, key activities, and efficiency strategies, along with its unique value drivers and competitive strengths.

Value Chain Position

Category: Retailer
Value Stage: Final
Description: The industry operates as a retailer, focusing on the sale of previously owned video games and accessories directly to consumers. This involves sourcing used games, assessing their condition, and providing them to customers at competitive prices.

Upstream Industries

Downstream Industries

Primary Activities

Inbound Logistics: Receiving used video games involves careful inspection and assessment of their condition upon acquisition. Inventory management practices include categorizing games by genre and platform, ensuring efficient storage and easy access. Quality control measures are implemented to verify the functionality of games before they are put on sale, addressing challenges such as damaged items through effective return policies.

Operations: Core processes include evaluating the condition of used games, cleaning and refurbishing items as needed, and pricing them competitively based on market demand. Quality management practices involve regular assessments of inventory to ensure that only high-quality products are offered. Industry-standard procedures include maintaining accurate records of purchases and sales to track inventory turnover and profitability.

Outbound Logistics: Distribution methods primarily involve in-store sales, with some retailers offering online purchasing options. Quality preservation during delivery is crucial, especially for online orders, where packaging must protect items from damage. Common practices include using bubble wrap and sturdy boxes to ensure that games arrive in excellent condition for customers.

Marketing & Sales: Marketing approaches often include social media promotions, loyalty programs, and participation in gaming events to attract customers. Customer relationship practices focus on building trust through transparent communication about product conditions and return policies. Sales processes typically involve engaging customers in-store and online, providing personalized recommendations based on their gaming preferences.

Support Activities

Infrastructure: Management systems in the industry include point-of-sale systems that track sales and inventory levels in real-time. Organizational structures often consist of small teams that handle various roles, from purchasing to customer service, facilitating efficient operations. Planning systems are essential for managing seasonal inventory fluctuations and promotional events.

Human Resource Management: Workforce requirements include knowledgeable staff who can assess the condition of games and provide customer support. Training programs focus on product knowledge and customer service skills, ensuring that employees can effectively assist customers and enhance their shopping experience. Industry-specific skills include familiarity with gaming platforms and trends.

Technology Development: Key technologies used include inventory management software that tracks stock levels and sales data. Innovation practices may involve integrating e-commerce platforms to expand market reach and enhance customer convenience. Industry-standard systems often involve data analytics to monitor sales trends and optimize inventory management.

Procurement: Sourcing strategies involve establishing relationships with individuals and businesses that sell used games, such as trade-ins from customers or purchases from other retailers. Supplier relationship management is crucial for ensuring a steady flow of quality inventory, while purchasing practices emphasize evaluating the condition and market value of games before acquisition.

Value Chain Efficiency

Process Efficiency: Operational effectiveness is measured through sales per square foot and inventory turnover rates. Common efficiency measures include tracking the time taken to process incoming inventory and the speed of sales transactions. Industry benchmarks are established based on average sales figures and customer foot traffic.

Integration Efficiency: Coordination methods involve regular communication between purchasing, sales, and marketing teams to align inventory with customer demand. Communication systems often include shared digital platforms for real-time updates on stock levels and promotional activities, enhancing responsiveness to market changes.

Resource Utilization: Resource management practices focus on optimizing space for inventory display and minimizing waste through effective recycling of unsold items. Optimization approaches may involve analyzing sales data to adjust purchasing strategies and inventory levels, adhering to industry standards for sustainability and efficiency.

Value Chain Summary

Key Value Drivers: Primary sources of value creation include the ability to offer a diverse selection of high-quality used video games at competitive prices. Critical success factors involve understanding market trends and customer preferences to maintain a relevant inventory.

Competitive Position: Sources of competitive advantage include strong relationships with suppliers and customers, as well as the ability to provide exceptional customer service. Industry positioning is influenced by the retailer's reputation for quality and reliability, impacting market dynamics.

Challenges & Opportunities: Current industry challenges include competition from digital game sales and the need to maintain inventory quality. Future trends may involve increasing demand for retro games and accessories, presenting opportunities for retailers to expand their offerings and attract niche markets.

A focused SWOT analysis that examines the strengths, weaknesses, opportunities, and threats facing the Video Games-Used (Retail) industry within the US market. This section provides insights into current conditions, strategic interactions, and future growth potential.

Strengths

Industry Infrastructure and Resources: The industry benefits from a well-established network of retail outlets, online platforms, and distribution channels that facilitate the buying and selling of used video games. This strong infrastructure supports efficient operations and enhances accessibility for consumers, allowing for a seamless shopping experience.

Technological Capabilities: Advancements in e-commerce and inventory management systems provide significant advantages for retailers in this industry. Many companies utilize sophisticated software to track inventory and sales, improving operational efficiency and customer service, while also adapting to emerging technologies like virtual reality and augmented reality.

Market Position: The industry holds a competitive position within the broader gaming market, appealing to budget-conscious consumers seeking affordable entertainment options. Brand loyalty and a strong community presence contribute to its market strength, although competition from digital downloads and new game sales remains a challenge.

Financial Health: Financial performance across the industry is generally stable, with many retailers experiencing consistent revenue from the resale of popular titles. However, fluctuations in consumer spending and the impact of economic conditions can affect profitability, necessitating careful financial management.

Supply Chain Advantages: The industry enjoys robust supply chain networks that facilitate the procurement of used games from consumers and distributors. Strong relationships with suppliers and efficient logistics systems enhance operational efficiency, allowing retailers to maintain a diverse inventory and meet consumer demand.

Workforce Expertise: The labor force in this industry is knowledgeable and passionate about video games, with many employees possessing specialized knowledge of gaming trends and customer preferences. This expertise contributes to high levels of customer service and operational efficiency, although ongoing training is essential to keep pace with industry changes.

Weaknesses

Structural Inefficiencies: Some retailers face structural inefficiencies due to outdated inventory systems or inadequate store layouts, leading to increased operational costs. These inefficiencies can hinder competitiveness, particularly when compared to more technologically advanced competitors.

Cost Structures: The industry grapples with rising costs associated with acquiring used inventory, labor, and maintaining retail spaces. These cost pressures can squeeze profit margins, necessitating careful management of pricing strategies and operational efficiencies to remain competitive.

Technology Gaps: While some retailers are technologically advanced, others lag in adopting new sales and inventory management technologies. This gap can result in lower productivity and higher operational costs, impacting overall competitiveness in the market.

Resource Limitations: The industry is vulnerable to fluctuations in the availability of popular used titles, particularly as new game releases can overshadow older titles. These resource limitations can disrupt inventory levels and impact sales.

Regulatory Compliance Issues: Navigating the complex landscape of consumer protection laws and resale regulations poses challenges for many retailers. Compliance costs can be significant, and failure to meet regulatory standards can lead to penalties and reputational damage.

Market Access Barriers: Entering new markets can be challenging due to established competition and regulatory hurdles. Retailers may face difficulties in gaining distribution agreements or meeting local regulatory requirements, limiting growth opportunities.

Opportunities

Market Growth Potential: There is significant potential for market growth driven by increasing consumer interest in retro and classic gaming. The trend towards sustainability and recycling also presents opportunities for retailers to promote the benefits of purchasing used games.

Emerging Technologies: Advancements in online sales platforms and mobile applications offer opportunities for enhancing customer engagement and expanding market reach. Retailers can leverage these technologies to improve user experience and streamline purchasing processes.

Economic Trends: Favorable economic conditions, including rising disposable incomes and a growing interest in affordable entertainment options, support growth in the used video games market. As consumers prioritize value, demand for used games is expected to rise.

Regulatory Changes: Potential regulatory changes aimed at promoting consumer rights and resale markets could benefit the industry. Retailers that adapt to these changes by enhancing transparency and compliance may gain a competitive edge.

Consumer Behavior Shifts: Shifts in consumer preferences towards sustainable and cost-effective entertainment options create opportunities for growth. Retailers that align their product offerings with these trends can attract a broader customer base and enhance brand loyalty.

Threats

Competitive Pressures: Intense competition from both digital game sales and new game releases poses a significant threat to market share. Retailers must continuously innovate and differentiate their offerings to maintain a competitive edge in a crowded marketplace.

Economic Uncertainties: Economic fluctuations, including inflation and changes in consumer spending habits, can impact demand for used video games. Retailers must remain agile to adapt to these uncertainties and mitigate potential impacts on sales.

Regulatory Challenges: The potential for stricter regulations regarding resale practices and consumer protection can pose challenges for the industry. Retailers must invest in compliance measures to avoid penalties and ensure product safety.

Technological Disruption: Emerging technologies in digital gaming and streaming services could disrupt the market for used video games. Retailers need to monitor these trends closely and innovate to stay relevant.

Environmental Concerns: Increasing scrutiny on environmental sustainability practices poses challenges for the industry. Retailers must adopt sustainable practices to meet consumer expectations and regulatory requirements.

SWOT Summary

Strategic Position: The industry currently enjoys a competitive market position, bolstered by strong consumer demand for affordable gaming options. However, challenges such as rising competition from digital platforms and economic uncertainties necessitate strategic innovation and adaptation to maintain growth. The future trajectory appears promising, with opportunities for expansion into new markets and product lines, provided that retailers can navigate the complexities of regulatory compliance and supply chain management.

Key Interactions

Growth Potential: The growth prospects for the industry are robust, driven by increasing consumer demand for affordable and sustainable entertainment options. Key growth drivers include the rising popularity of retro gaming, advancements in online sales technologies, and favorable economic conditions. Market expansion opportunities exist in both domestic and international markets, particularly as consumers seek out cost-effective alternatives to new game purchases. However, challenges such as resource limitations and regulatory compliance must be addressed to fully realize this potential. The timeline for growth realization is projected over the next five to ten years, contingent on successful adaptation to market trends and consumer preferences.

Risk Assessment: The overall risk level for the industry is moderate, with key risk factors including economic uncertainties, competitive pressures, and supply chain vulnerabilities. Industry players must be vigilant in monitoring external threats, such as changes in consumer behavior and regulatory landscapes. Effective risk management strategies, including diversification of inventory sources and investment in technology, can mitigate potential impacts. Long-term risk management approaches should focus on sustainability and adaptability to changing market conditions. The timeline for risk evolution is ongoing, necessitating proactive measures to safeguard against emerging threats.

Strategic Recommendations

An exploration of how geographic and site-specific factors impact the operations of the Video Games-Used (Retail) industry in the US, focusing on location, topography, climate, vegetation, zoning, infrastructure, and cultural context.

Location: The operations of this industry thrive in urban areas with high population density, such as metropolitan regions like Los Angeles, New York City, and Chicago, where there is a larger consumer base for used video games. These locations benefit from proximity to entertainment hubs and tech-savvy populations, which drive demand for affordable gaming options. Additionally, areas with a strong gaming culture and community events can enhance customer engagement and sales opportunities.

Topography: The industry requires retail spaces that are easily accessible to consumers, which is facilitated by flat terrain in urban settings. Locations with ample parking and foot traffic are ideal for attracting customers. In contrast, hilly or uneven terrains may pose challenges for establishing retail outlets, as they can limit accessibility and visibility. Urban centers with well-planned infrastructure support the operational needs of retail stores, allowing for efficient customer access and inventory management.

Climate: Climate impacts are minimal for this industry, as retail operations are primarily conducted indoors. However, regions with extreme weather conditions, such as heavy snowfall or hurricanes, can affect foot traffic and store hours, leading to fluctuations in sales. Retailers may need to implement weather-related strategies, such as online sales promotions during adverse conditions, to maintain customer engagement and sales continuity throughout the year.

Vegetation: Vegetation can influence the aesthetic appeal of retail locations, particularly in urban settings where landscaping can enhance customer experience. Compliance with local environmental regulations regarding landscaping may be necessary, especially in areas with strict zoning laws. Additionally, maintaining clear and well-kept outdoor spaces can attract more customers and improve the overall shopping environment, which is crucial for the success of retail operations in this industry.

Zoning and Land Use: Retail operations in this industry typically require commercial zoning that allows for retail sales of used merchandise. Local zoning laws may dictate the types of signage, store layout, and operational hours. Specific permits may be necessary for selling used goods, and compliance with health and safety regulations is essential. Variations in zoning laws across different municipalities can impact where retailers can establish their businesses, influencing market entry strategies.

Infrastructure: Retail operations depend on robust infrastructure, including reliable internet access for online sales and inventory management systems. Transportation infrastructure is vital for receiving inventory and facilitating customer access, with proximity to major roads and public transport enhancing foot traffic. Utilities such as electricity and water are essential for store operations, and communication infrastructure supports customer engagement through digital marketing and social media outreach.

Cultural and Historical: The acceptance of used video game retailers is generally positive in communities with a strong gaming culture, where consumers appreciate the affordability and sustainability of purchasing used games. Historical presence in certain regions can foster loyalty among customers who have grown up with these stores. Community events, such as gaming tournaments or trade-in promotions, can enhance social connections and strengthen the retailer's presence in the local culture, contributing to long-term success.

A detailed overview of the Video Games-Used (Retail) industry’s market dynamics, competitive landscape, and operational conditions, highlighting the unique factors influencing its day-to-day activities.

Market Overview

Market Size: Medium

Description: This industry focuses on the retail sale of previously owned video games and related accessories, providing consumers with a cost-effective alternative to purchasing new titles. Retailers engage in buying, selling, and trading used video games, often creating a dynamic marketplace for gamers looking to save money or find rare titles.

Market Stage: Growth. The industry is experiencing growth as consumer interest in retro and previously owned video games increases, driven by nostalgia and the rising costs of new games. Retailers are adapting to trends by expanding their inventories and enhancing customer engagement through trade-in programs.

Geographic Distribution: Regional. Retail operations are typically concentrated in urban areas with a high density of gamers, often found in shopping centers or dedicated gaming districts, facilitating easy access for consumers.

Characteristics

Market Structure

Market Concentration: Fragmented. The market is characterized by a large number of small to medium-sized retailers, with some larger chains present. This fragmentation allows for a variety of shopping experiences and competitive pricing.

Segments

Distribution Channels

Success Factors

Demand Analysis

Demand Drivers

Competitive Landscape

Entry Barriers

Business Models

Operating Environment