Global Pool Tables Market (2021 to 2028) – Growing E-commerce Platforms Will Stimulate the Pool Table Market – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Pool Tables Market by Type, Material, End Use and Distribution Channel: Global Opportunity Analysis and Industry Forecast 2021-2028” report has been added to ResearchAndMarkets.com’s offering.
The global pool tables market size was valued at $214.1 million in 2020, and is estimated to reach $291.6 million by 2028, registering a CAGR of 5.4% from 2021 to 2028.
Pool is one of the many popular cue sports in which a stick called a cue is used to strike different colored balls on a pool table in order to pocket them. Today, the term pool is often used as a collective term for billiards and snooker. Pool differs from other games in the size of the cue stick, the height of the rails, the size of the balls, and the pockets shade of the balls used, which includes one ball each of yellow, green, earthy colored, blue, pink, and dark blue and 15 red balls.
Originally, pool tables had flat walls for rails, and their only purpose was to keep the balls from falling off. They were previously referred to as “banks” because they resembled the banks of a river. The playing surface of a ‘9 foot’ pool table is 2.54m long and 1.27m wide, while a ‘8 foot’ pool table is 2.34m long and 1.17m wide. A pool table’s length is always twice its width. Pool tables have six pockets: two at the top end called the ‘top’ pockets, one each in the middle of the longer sides called the ‘center’ pockets, and two at the bottom end called the ‘bottom’ pockets.
Pool game was halted for three months due to COVID-19, which is expected to have a long-term impact on the players’ game. Pool is all about precision and technique, which requires consistent practice to maintain muscle memory. When compared to other sports around the world, it is one of the most technical sports. Thus, regular practice for the players becomes critical and necessary for maintaining consistency in the game. But due to shut down of sports academies and clubs during lockdown, pool players were unable to practice the game.
The growing popularity of cue games among the millennial generation has stimulated interest in pool tables in recent years. The pool table market must be affected by both macroeconomic and microeconomic factors. Macroeconomic factors driving the pool table market include mass urbanization and monetary development in developing countries, which increased the number of pool clubs and triggered interest in the game among a diverse range of people globally. One of the key microeconomic components determining the development of the pool table market is product development aligned with consumer loyalty.
People are looking for a pool table for their home in order to incorporate the game into their recreational activities. Furthermore, the rise of pool table cum eating tables, which allow you to play the game as well as eat in a comfortable manner, is stimulating the pool table market’s development. Furthermore, growing interest in pool tables in corporate workspaces to relieve stress from demanding jobs may drive market development.
Key Benefits
- This report provides a quantitative analysis of current trends, estimations, and dynamics of the global pool tables market from 2021 to 2028 to identify the prevailing market opportunities.
- Porter’s five forces analysis highlights the potency of the buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global industry. The market player positioning segment facilitates benchmarking while providing a clear understanding of the present position of the key market players.
- The report includes analyses of the regional as well as global market, key players, market segments, application areas, and growth strategies.
Market Dynamics
Drivers
- Growth in infrastructure development projects, combined with government initiatives
- Surge in the demand for recreational activities
- Indoor games are becoming more popular
Restraints
- Pool tables are expensive
- High costs incurred in the manufacturing of pool tables
Opportunities
- Rising demand from developing countries
- Growing e-commerce platforms will stimulate the pool table market
Companies Mentioned
- American Heritage Billiards
- Beijing Xingpaiweiye Sports Goods Co. Ltd
- Blatt Billiards
- Brunswick Billiards
- Gabriels Billiards
- Imperial International
- Legacy Billiards
- Olhausen Billiard Mfg. Inc
- Riley England
- Valley Dynamo Inc.
For more information about this report visit https://www.researchandmarkets.com/r/1x9pzw
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