USD 237.85 billion
Report ID:
SQMIG25J2071 |
Region:
Global |
Published Date: April, 2024
Pages:
223
|
Tables:
147 |
Figures:
68
Global Pool Tables Market size was valued at USD 237.85 billion in 2022 and is poised to grow from USD 250.69 billion in 2023 to USD 381.82 billion by 2031, growing at a CAGR of 5.4% in the forecast period (2024-2031).
The increasing popularity of cue games and other forms of entertainment stand out as a key driver for the pool tables market. Pool facilities are increasingly growing due to the expansion of cue sports, driven by an increasing number of government academic institutions offering enhanced facilities This increasing growth is positively impacting the global demand for pool tables. Notably, various government agencies and private associations are actively promoting the sport of pool through training programmes, creating an enabling environment for market expansion.
Moreover, key market players are designing and offering customized pool tables to match the increasing flexibility in customer preferences. This approach not only caters to the needs of individual customers but is a way for these market leaders to expand their customer base and increase overall sales, further contributing to the growth of the market.
Global Market Size
USD 237.85 billion
Largest Segment
British Pool
Growth Rate
5.4% CAGR
To get more reports on the above market click here to Buy The Report
Based on the type, the market has been segmented into American, British, and other pool tables. On the basis of the size, the market has been classified into 7 ft, 8 ft, 9 ft, and others. The market has been categorized based on the material into slate, wooden, metallic, and other pool tables. On the basis of the distribution channel, the market has been segregated into supermarkets and hypermarkets, specialty stores, online stores, and others. Based on the end use, the market has been segmented into residential, commercial, and professional. Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
Analysis by Product
As of 2022, the American pool tables section has asserted its dominance inside the pool tables marketplace, keeping the bulk proportion in terms of revenue. This supremacy can be attributed to the top class niche of American pool tables, developing a sizable call for those remarkable merchandise. The section's speedy boom is in addition fueled with the aid of the growing variety of visitors to pool halls, sports golf equipment, and leisure centers, making it the most profitable and fastest-growing section inside the pool tables marketplace.
Concurrently, the British Pool Table, also called snooker or English billiards, has garnered large demand owing to its different capabilities. The inclusion of curved pockets inside the British Pool Table introduces a level of complexity, with shots into specific pockets becoming greater complex, frequently ensuing in greater pictures 'damn' inside the jaws as opposed to being effectively potted. Notably, pictures into the two middle pockets are comparatively extra handy, facilitating less complicated entry and purpose. The demand for British pool tables is specifically superb amongst sports academies in which the tables are well known for pool or billiard competitions because of these particular characteristics. This suggests a numerous market panorama with possibilities for both American and British pool tables driven by using the one-of-a-kind attributes every fashion offers.
Analysis by End-Use
The professional section emerged because of the dominant pressure within the pool tables marketplace in 2022 and is projected to keep its position as the biggest and quickest-growing phase in the course of the forecast period from 2024 to 2031. This can be attributed to the escalating ardor of people for cue sports, coupled with the growing wide variety of competitions and tournaments that cater to gamers' pursuits. Events which include the World Straight Pool Championship, Artistic Billiards World Championship, World Snooker Championship, and World Women's Snooker Championship contribute substantially to the growing call for pool tables in the professional segment. The surge in competitions and the associated demand for outstanding tables propel the market growth for the pool tables enterprise.
Simultaneously, the commercial segment is predicted to witness an extremely good boom, driven by the growing demand for pool tables in sports activities, golf equipment, halls, entertainment facilities, and bars. The growing popularity of leisure sports in commercial settings contributes to the demand for pool tables, creating opportunities for boom in this segment. The various enchantment of pool tables throughout both expert and business domains underscores the dynamic nature of the marketplace, reflecting a large spectrum of client pursuits and packages.
To get detailed analysis on other segments, Request For Free Sample Report
North America occupies a dominant position in the global pool tables market, mainly due to high focus on product innovation by manufacturers, and good support from governing bodies in the region. Availability of innovation strongly and with the support of law enforcement agencies -and contribute to reputation.
Asia Pacific is poised to witness phenomenal growth from 2024 to 2031. This growth is driven by the rapid expansion of e-commerce platforms and organized retail chains, which creates favorable conditions for the distribution and sale of pool tables along with cue games growing in the region. The combination of changing retail landscapes and growing interest in recreational activities positions. Asia Pacific is a huge and growing market for pool tables in the near future.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Drivers
Rising Interest in Home Entertainment
Restraints
Changing Consumer Preferences
Request Free Customization of this report to help us to meet your business objectives.
The competitive environment of the global Pool Tables market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research. Pool tables serve as a social pastime that promotes gatherings and enhances social interactions among friends and family. At its center, pool is inherently a social game that enables verbal exchange, pleasant opposition, and engagement amongst gamers. The layout of pool tables encourages multiplayer action, making them particularly properly-appropriate for organization gatherings. Friends and family can come together to revel in video games, developing an environment that fosters a feel of togetherness and camaraderie.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 237.85 billion |
Market size value in 2031 | USD 381.82 billion |
Growth Rate | 5.4% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Pool Tables Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Pool Tables Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Pool Tables Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Pool Tables Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATIONWant to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Product ID: SQMIG25J2071