Global Pool Tables Market Analysis: Size, Drivers, Trends, Opportunities And Strategies
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The pool tables market has experienced significant growth, increasing from $1.34 billion in 2023 to $1.43 billion in 2024, at a compound annual growth rate (CAGR) of 6.4%. This historical growth is attributed to the popularity and cultural influence of cue sports, cultural representation and symbolism, effective marketing and promotion, and the expansion of tournament play. The market is projected to continue its strong growth, reaching $1.84 billion by 2028 with a CAGR of 6.6%. The forecasted growth is driven by the increasing popularity of home entertainment, rising disposable incomes, the competitive sport of billiards gaining traction, the influence of pool players and celebrities endorsing the game, and customization options for both personal and commercial use. Major trends in the forecast period include the use of sustainable materials, compact and multi-functional designs, luxury and high-end materials, outdoor and weatherproof options, and innovations in design and digital transformation.
The soaring demand for recreational activities is expected to drive the growth of the pool tables market. Recreational activities, which people engage in for enjoyment and relaxation, are increasing due to greater awareness of health, urbanization, and rising disposable incomes. Pool tables are popular in both casual and competitive recreational settings. The Outdoor Industry Association reported in December 2023 that outdoor recreation participation in the US grew by 2.3% in 2022 to 168.1 million participants. The increasing demand for recreational activities is anticipated to boost the pool tables market, with significant growth expected through 2024 and 2028.
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What Are The Key Trends That Influence Pool Tables Market Share Analysis?
Major companies operating in the pool tables market are focusing on developing innovative solutions, such as a gyroscopic self-leveling sensor to automatically adjust the pool table’s legs. A gyroscopic self-leveling sensor is a device that utilizes gyroscopic principles to maintain or detect orientation and levelness in various applications. For instance, in May 2021, Bugatti, a France-based automobile company, launched a Bugatti Carbon Fiber Pool Table with gyroscopic self-leveling designed for use on yachts. This pool table is made with premium materials and boasts a luxurious finish featuring the Bugatti logo and a unique plaque with a limited-edition number. Equipped with a gyroscopic self-leveling sensor, it is well-suited for yacht use, rapidly adjusting its legs in just five milliseconds to counteract ship movements, ensuring stable and silent play without any vibrations. This represents a groundbreaking technological innovation, unrivaled luxury, and exclusive prestige, setting a new standard in the high-end segment of the pool tables.
Which Market Players Are Driving Growth In The Pool Tables Market?
Major companies operating in the pool tables market are Escalade Sports Inc., CHEVILLOTTE, OLHAUSEN BILLIARD MFG INC., American Heritage Billiards LLC, Jai Balaji Billiards, Legacy Billiards, EastPoint Sports, Blatt Billiards, Canada Billiard, Sharma Billiard Accessories, Vinex Enterprises Private Limited, Riley England, Plank & Hide Co., Imperial International, Beach Billiards, Gabriels Billiards, Billard Toulet, Fusiontables, RASSON, Diamond Billiard Products INC.
How Is The Global Pool Tables Market Segmented?
1) By Type: American Pool Tables; English Pool Tables; Other Types
2) By Material: Slate Pool Table; Wooden Pool Table; Metallic Pool Table; Rubber Pool Table
3) By Size: 7 Ft.; 8 Ft.; 9 Ft.; Other Sizes
4) By End Use: Household; Commercial; Professional
5) By Distribution Channel: Supermarkets And Hypermarkets; Specialty Stores; Online Stores; Other Distribution Channels
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The Pool Tables Global Market Report 2024 provides an overview of the pool tablesmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The pool tables market forecast analyzes pool tables market size, pool tables market share, leading competitor and their market positions.
The Table Of Content For The Pool Tables Market Include
1. Pool Tables Market Executive Summary
2. Pool Tables Market Segments
3. Pool Tables Market Size And Template Market Growth Rate
4. Key Pool Tables Market Trends
5. Major Pool Tables Market Drivers
……
25. Key Mergers And Acquisitions In The Pool Tables Market
26. Top Pool Tables Companies
27. Pool Tables Market Opportunities And Strategies
28. Pool Tables Market, Conclusions And Recommendations
29. Appendix
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