A rise in the construction sector especially the
construction of commercial buildings, and houses are leading to the growth of
the pool table market. As per Global Construction Perspectives and Oxford
Economics, the Global construction market is to grow US$8 trillion by 2030. As
per United Nations, By 2018, the number of cities with at least 1 million
inhabitants had grown to 548 and in 2030, a projected 706 cities will have at
least 1 million residents. The promulgating luxury spending is also acting as a
growth catalyst to the industry. As per American Express Luxury Spend Analysis
2018., the growth in luxury spending is now moving beyond the three metros
(Delhi, Mumbai, and Bangalore). Kolkata, Chennai, Pune, and Hyderabad have
emerged as new centers of luxury consumption. The growth in luxury spending in
India is 30 times more in tier 2 cities as compared to tier 1 cities.
A surge in the end user's disposable income is one of the
leading factors that is contributing to the growing market of the pool table,
globally. Rising purchasing power in developing countries such as Australia,
EU, Mexico, Brazil, India, Thailand, and China is projected to allow
consumers to spend more on luxury items for entertainment including pool
tables. As per OCED, the household spending in Canada, China, Denmark, European
Union, France and Germany reached to 1,021,459.5, 9,241,095.5, 139,229.8,
10,785,281.3, 1,561,879.9 and 2,288,541.1 US$ million, respectively. Also, the
rising purchasing power is leading to the growing investment in the properties
such as houses, villas, and other kinds of residentials, which is contributing
to the growing demand for pool table.
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According to UnivDatos Market Insights (UMI)’ research
report “Global Pool Table
Market Analysis, 2020”, the demand for Pool
Tables is emerging from the hospitality sector. A rise in the number of
tourists across the globe is leading to the growing number of hotel rooms,
which is positively impacting the global Pool Tables market. As per the World
Bank, the number of international tourists reached 2.28 billion in 2019, up
from 1.96 billion in 2015. The number of international departures more than
doubled between 1997 and 2017, from 687 million to 1.57 billion per annum.
Moreover, the number of hotel rooms globally had risen by 17.7% since 2008 to
17 million in 2018. These rooms were in more than 184,000 hotels, a rise of
8.4% from 2008 levels. The fact that the rate of expansion in the number of
rooms is more than double the rate of expansion of hotels indicates that the
average hotel size has been growing.
Based on the Type, the American pool table segment acquired the major market share and
dominated the global Pool Table Market in 2020. American pool tables are
designed to give a fast, exciting game, with plenty of rebounds and ricochets.
Also, they are bigger, with larger pockets, larger balls, and faster nylon
cloths. British pool tables are designed for the more strategic game of
British pool or eight-ball.
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Based on the sales channel, The specialty stores segment grabbed the major market share and
dominated the market in 2020. The advantages of specialty stores such as
product demonstrations, a wide range of product categories, the assistance of
skilled staff, and the immediate shipping of products are leading to the
growing share. Moreover, specialty stores provide training to their employees
to assist customers and a few of them also offer price-matching guarantees.
North America to Grab Lion’s Share, But the Asia
Pacific to witness Explicit Growth
Based on the Region, the North America region dominated the
global Pool Table market in 2020., stated in UnivDatos Market Insights
(UMI)’ research report “Global Pool Table
Market Analysis, 2020”. The growing popularity of
smart homes and smart cities in the countries such as the U.S and Canada is
leading to the growing demand for Pool Tables as well. The number of
smart homes in the United States is expected to reach 77.05 million by 2025 up
from 35.39 million in 2019. Furthermore, the furniture and furnishings in
the United States increased from USD Bn 140.52 annually in 20101 to USD Bn
245.38 in 2020, as revealed by As per U.S. Bureau of Economic Analysis.
According to UnivDatos Market Insights (UMI)’,
the key players with a considerable market share in the global Pool Table
Market are 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, The players are focused on launching new products
for gaining customers' traction and expanding their geographical reach to get a
competitive edge in the industry.
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“Global Pool Table Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the
industry potential, key factors impacting sales and purchase decisions, hotspots,
and opportunities available for the Pool Table Market across the Globe.
Moreover, the report also encompasses the key strategic imperatives for success
for competitors along with strategic factorial indexing measuring competitors'
capabilities on 16 parameters. This will help companies in the formulation of
Go to Market Strategies and identifying the blue ocean for its
offerings.
Market Segmentation:
- By Type (American
Pool Table, British Pool Table)
- By Material (Slate Pool Table, Wooden Pool Table, Metallic Pool Table,
Others)
- By End-Use (Residential, Commercial, Professional)
- By Distribution Channel (Supermarket/hypermarket, Online Stores, Specialty Stores,
Others)
- By Region (North America, Europe, Asia-Pacific, Rest of the World)
- By Company (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)
Key questions answered in the study:
- What are the current and future trends of the global Pool Table
market industry?
- How the industry has been evolving in terms of end-user demand
and application areas?
- How the competition has been shaping across the countries
followed by their comparative factorial indexing?
- What are the key growth drivers and challenges for the Pool
Table market industry?
- What are the customer orientation, purchase behavior, and
expectations from the Pool Table market firms across various regions?
Table of Content –
1 MARKET INTRODUCTION
2 RESEARCH METHODOLOGY OR ASSUMPTION
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 GLOBAL POOL TABLE MARKET COVID-19 IMPACT
6 GLOBAL POOL TABLE MARKET REVENUE, 2019-2027F
7 MARKET INSIGHTS BY TYPE
8 MARKET INSIGHTS BY MATERIAL
9 MARKET INSIGHTS BY END-USE
10 MARKET INSIGHTS BY DISTRIBUTION CHANNEL
11 MARKET INSIGHTS BY REGION
12 POOL TABLE MARKET DYNAMICS
13 POOL TABLE MARKET OPPORTUNITIES
14 POOL TABLE MARKET TRENDS
15 LEGAL & REGULATORY FRAMEWORK
16 DEMAND AND SUPPLY SIDE ANALYSIS
17 VALUE CHAIN ANALYSIS
18 COMPETITIVE SCENARIO
19 COMPANY PROFILED
20 DISCLAIMER
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