Pool Table Market: Current Analysis and Forecast (2021-2027)

Pool Table Market: Current Analysis and Forecast (2021-2027)

The Global Pool Table is Expected to Display an Elevated CAGR of ~5% over the forecast period (2021-2027)

The rise in disposable income, increase in the urbanization sector, and rapidly changing lifestyle of consumers resulted in more inclination towards entertainment and luxury including Pool Tables. As per OCED, the household disposable income across several countries such as Australia, Austria, Canada, France, and many others witnessed a significant rise during 2018-2019. In Canada, the gross adjusted household disposable income per capita was USD 39,005.5 in 2020, up from USD 35,892.5 in 2019

The rapid growth in the real estate sector due to 100% foreign direct investment for the township, smart cities, commercial buildings, and settlement development project is attracting investors in the real estate sector, which increase the quality of residential apartments, therefore emerging number of Pool Tables. In 2021, there were 258.54 million smart homes across the world. Moreover, By 2023, the smart home industry automation in US homes will be 53.9%.

A rising number of sports enthusiasts in the countries such as the United States and Canada coupled with the rising participation of women's is leading to the growth of the market. According to the Bureau of Labor Statistics, 19.3% of the U.S. population was engaged in sports and exercise each day in 2019. Male participation was higher (20.7% ) than the participation rate of women (18%). This included participation in sports, exercise, and other active leisure activities. In 2019 in Wales, approximately 32% percent of the population reportedly participated in any sporting activity at least three times per week.

American Heritage Billiards LLC, Beijing Xingpai Group, Blatt Billiards, Brunswick Corporation, Connelly Billiards Tucson, Diamond Billiard Products Inc., Gold Standard Games Inc., Legacy Billiards, Plank and Hide Co., Valley-Dynamo Inc, etc., are some of the prominent players operating in the Pool Table market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products.

Insights Presented in the Report

“Amongst type, American pool table segment holds the major share”

Based on type, the market is fragmented into an American pool table, British pool table. The American pool table segment grabbed the major market share in 2020 and dominated the market. The American poll table is larger and its dimensions, therefore, are the first preference of the Britishers. However, the demand for the British pool table would witness a significant rise due to growing demand owing to the low price as compared to the American table

“Amongst material, slate segment to grab considerable market share”

Based on material, the market is fragmented into Slate Pool tables, Wooden Pool Table, Metallic Pool Table, and Others. The slate pool tables segment grabbed the major market share and dominated the market in 2020. The market of this segment would reach USD XX Mn by 2027. Owing to its flatness and its sheer weight, the manufacturers are manufacturing slate pool tables.

“Amongst end-use, professional segment to grab considerable market share”

Based on the end-use, the market is fragmented into Residential, Commercial, and Professional. The specialty store segment grabbed XX% market share and captured USD XX Mn market in 2020. However, the online store segment would witness the robust CAGR during the forthcoming years

“Amongst distribution channel, specialty stores segment to grab considerable market share”

Based on the distribution channel, the market is fragmented into supermarkets/hypermarkets, Online Stores, Specialty Stores, and Others. The specialty store segment grabbed XX% market share and captured USD XX Mn market in 2020. However, the online store segment would witness the robust CAGR during the forthcoming years

“North America represents one of the largest markets of Pool Table market”

For a better understanding of the market dynamics of the Pool Table market, a detailed analysis was conducted for different regions across the globe including North America, Europe, Asia Pacific, and the Rest of the world. North America dominated the market and generated the leading revenue share in 2020 owing to rising disposable income and emerging demand from the hospitality sector.

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• The study includes market sizing and forecasting analysis validated by authenticated key industry experts
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• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
• The study comprehensively covers the market across different segments
• Deep dive regional level analysis of the industry