USD 237.85 billion
Report ID:
SQMIG25J2071 |
Region:
Global |
Published Date: August, 2024
Pages:
223
|Tables:
147
|Figures:
68
Pool Tables Market size was valued at USD 237.85 million in 2022 and is poised to grow from USD 250.69 million in 2023 to USD 381.82 million 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
American Pool
Fastest Growth
British Pool
Growth Rate
5.4% CAGR
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The pool tables market is segmented based on type, material, size, distribution channel, end user, and region. Based on the type, the market is segmented into American, British, and Others. Based on material, the market is segmented into slate, wooden, metallic, and rubber. Based on the size, the market is segmented into 7 ft, 8 ft, 9 ft, and others. Based on the distribution channel, the market is segmented into supermarkets & hypermarkets, specialty stores, online stores, and others. Based on the end use, the market is segmented into residential, commercial, and professional. Region-wise, the market is Segmented into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa.
Analysis by Type
As of 2023, the American pool tables segment has asserted its dominance in the pool tables market, holding the majority share in terms of revenue. This supremacy can be attributed to the premium quality of American pool tables, creating a substantial demand for these high-quality products. The segment's rapid growth is further fueled by the increasing number of visitors to pool halls, sports clubs, and recreational centers, making it the most profitable and fastest-growing segment in the pool tables market.
Concurrently, the British Pool Table, also known as snooker or English billiards, has garnered significant demand owing to its distinctive features. The inclusion of curved pockets in the British Pool Table introduces a level of complexity, with shots into specific pockets becoming more intricate, often resulting in more shots 'rattling' in the jaws rather than being successfully potted. Notably, shots into the two center pockets are comparatively more accessible, facilitating easier entry and aim. The demand for British pool tables is particularly notable among sports academies where the tables are sought after for pool or billiard competitions due to these unique characteristics. This indicates a diverse market landscape with preferences for both American and British pool tables driven by the distinctive attributes each style offers.
Analysis by End-User
The professional segment emerged as the dominant force in the pool tables market in 2023 and is projected to maintain its position as the largest and fastest-growing segment during the forecast period from 2024 to 2031. This can be attributed to the escalating passion of individuals for cue sports, coupled with the growing number of competitions and tournaments that cater to players' interests. Events such as the World Straight Pool Championship, Artistic Billiards World Championship, World Snooker Championship, and World Women's Snooker Championship contribute significantly to the increasing demand for pool tables within the professional segment. The surge in competition and the associated demand for high-quality tables propel market growth for the pool tables industry.
Simultaneously, the commercial segment is expected to witness notable growth, driven by the increasing demand for pool tables in sports clubs, halls, entertainment centers, and bars. The rising popularity of recreational activities in commercial settings contributes to the demand for pool tables, creating opportunities for growth in this segment. The diverse appeal of pool tables across both professional and commercial domains underscores the dynamic nature of the market, reflecting a broad spectrum of consumer interests and applications.
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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.
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Drivers
Rising Interest in Home Entertainment
Restraints
Changing Consumer Preferences
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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
August 2023, Brunswick Billiards, a 178-year-old brand that is famously known as “The Most Storied Brand in Billiards” returns to the coin-op market with the 7-foot Gold Crown coin (GCc) table that has black matte finish with nickel trim and comes with Electric Blue Championship Tour Edition cloth. The GCc features a bill and coin acceptor and can be configured to offer various play-pricing options with the help of the Matrix system developed by Global Billiard.
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 million |
Market size value in 2031 | USD 381.82 million |
Growth Rate | 5.4% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Million |
Segments covered |
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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 |
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Customization scope | Free report customization with purchase. Customization includes:-
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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.
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Report ID: SQMIG25J2071
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