Pool Tables Market Trends, Opportunities, Statistics, COVID-19 Impact, and Forecast by 2030
Market Overview
Pool
Tables Market is projected to reach USD 0.32 billion by 2030 at
a CAGR of 5.80% from 2023 to 2030. With an increasing number of
official academies being developed around the world, the quality of snooker
facilities continues to improve. One of the main trends behind global billiards
and snooker equipment sales is the increase in the number of grassroots
initiatives in schools, universities, and clubs. Various governing bodies and
organisations have contributed significantly to the promotion of billiards and
snooker as a sport. The growing popularity of cue sports like billiards, pool,
and snooker for entertainment and leisure has prompted sports halls,
recreational centres, and clubs to install these games for customers, propelling
the pool tables industry forward.
The
competition has been more consolidated as a result of the participation of
various international and regional players. Manufacturers such as Olhausen
Billiard MFG, Inc. also sell personalized pool tables that are tailored to the
buyer's specifications. Other big pool table manufacturers include Diamond
Billiard Products Inc., Valley Sports L.L.C., Beijing Xingpai Weiye Sporting
Goods Co., Ltd., and Valley-Dynamo, Inc. Thanks to their diverse product lines,
high quality, aggressive pricing, and broad pool
tables market presence, these foreign companies dominate the market. Pool table
industry dynamics are being driven by the the popularity of cue sports and
leisure activities. The high prices of pool tables, on the other hand, are
limiting the market's expansion. Few manufacturers, such as Blatt Billiards
Corp. in the United States, sell handcrafted and custom-made pool tables for
residential and industrial use. During the forecast era, the global pool tables
market is expected to rise due to the introduction of personalized goods. The
price of raw materials used to make pool tables, such as slate, wood, and
cloth, is unpredictable, impacting the finished product's price. Furthermore,
most pool table suppliers bill extra for shipping and installation, increasing
the pool table prices for the customer.
Segmental Analysis
By
type, the market has been segmented into American pool tables, English pool
tables, and others.
By
size, the market has been segmented nit o7 ft, 8 ft, 9 ft, and others. Bar
style pool tables, also known as 7 foot pool tables, are used in pubs,
recreational clubs, and amateur leagues. Cue sports like billiards, pool, and snooker
increase attention and concentration while also improving cognitive abilities,
so customers, mostly teens, enjoy playing these games at the aforementioned
establishments. The category is projected to expand due to a rise in the number
of sports halls and sporting clubs in developing countries such as the United
States and Germany.
The
market has been divided into three categories based on end-use: household,
industrial, and technical. Household apps are growing due to the use of
personalized or hand-crafted pool tables for a variety of purposes. In recent
years, the need for personalized pool tables has increased due to the need to
conserve space and the need to use pool tables for storage. Aside from that,
the industry is being driven by the need for handcrafted, antique pool tables
for home décor. Blatt Billiards Corp., a pool table retailer located in the
United States, for example, has a large selection of dining pool tables,
vintage pool tables, and handcrafted marble pool tables. These trends are
expected to boost demand for pool tables in the coming years.
Competitive Analysis
The
key
pool tables market players are Olhausen Billiard MFG, Inc.
(US), Diamond Billiard Products Inc. (US), Rene Pierre (France), Chevillotte
(France), Brunswick Billiards (US), S. Billiard & Pool Table (India),
Legacy Billiards (US), Valley-Dynamo, Inc. (US), Blatt Billiards Corp. (US),
Imperi, l International (US), Gabriels Billiards (Belgium), Riley England (UK),
American Heritage Billiards (US), Maestro Nitschke Kozakiewicz General
Partnership (Poland), and Beijing Xingpai Weiye Sporting Goods Co., Ltd.
(China).
Regional Analysis
During
the study era, Asia-Pacific is expected to be the fastest-growing regional
market for pool tables. The demand for pool tables is growing due to the rise
of e-commerce and integrated retail chains, as well as the rising popularity of
cue sports in countries like India. Latin America, on the other hand, will rise
at a modest pace in the coming years. In the coming years, development in the
Middle East and Africa would be sluggish.
The
region's demand for billiards and snooker equipment is expected to rise due to
a strong penetration of cue sports and various leisure activities, as well as
numerous associations promoting the sport. The demand for billiards and snooker
equipment in the area is being boosted by favorable funding from numerous
regulatory bodies such as the United States Billiard Association (USBA). The
industry's main players are implementing online shopping plans to cut prices
and boost margins, which should favor the market over the projected period.
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considering Covid19 Footprints for Better Analysis of Market and Industries.
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