Pool Table Market: Current Analysis and Forecast (2021-2027)
$3999 – $7577
Emphasis on Type (American Pool Table, British Pool Table); Material (Slate Pool Table, Wooden Pool Table, Metallic Pool Table, Others); End-Use (Residential, Commercial, Professional); Distribution Channel (Supermarket/Hypermarket, Convenience stores, Online, Others); Region/Country
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.
Household Disposable Income Net, Annual Growth Rate (%), By Selected Countries, 2017 – 2019
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.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts
- The report presents a quick review of overall industry performance at one glance
- 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
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|1.4.||Currency used in Report|
|2.1.||Research Process of the Pool Table Market|
|2.2.||Research Methodology of the Pool Table Market|
|2.5.||Main Objective of the Pool Table Market Study|
|5||GLOBAL POOL TABLE MARKET COVID-19 IMPACT|
|6||GLOBAL POOL TABLE MARKET REVENUE, 2019-2027F|
|7.1.||American pool table|
|7.2.||British pool table|
|8.1.||Slate Pool Table|
|8.2.||Wooden Pool Table|
|8.3.||Metallic Pool Table|
|10.1.||Supermarkets and Hypermarkets|
|11.1.||North America Pool Table Market|
|11.1.3.||Rest of North America|
|11.2.||Europe Pool Table Market|
|11.2.6.||Rest of Europe|
|11.3.||Asia Pacific Pool Table Market|
|11.3.6.||Rest of Asia Pacific|
|11.4.||Rest of World Pool Table Market|
|13||POOL TABLE MARKET OPPORTUNITIES|
|14||POOL TABLE MARKET TRENDS|
|15||LEGAL & REGULATORY FRAMEWORK|
|16.1.||Demand Side Analysis|
|16.2.||Supply Side Analysis|
|16.2.1.||Top Product Launches|
|16.2.2.||Top Business Partnerships|
|16.2.3.||Top Business Expansions, Investments and Divestitures|
|16.2.4.||Top Merger and Acquisitions|
|17||VALUE CHAIN ANALYSIS|
|18.1.1.||Company Shares, By Revenue|
|19.1.||American Heritage Billiards LLC|
|19.2.||Beijing Xingpai Group|
|19.5.||Connelly Billiards Tucson|
|19.6.||Diamond Billiard Products Inc.|
|19.7.||Gold Standard Games Inc.|
|19.9.||Plank and Hide Co.|
Analyzing the historical market, estimation of the current market, and forecasting the future market of the Pool Table Market were the three major steps undertaken to create and analyze the demand for Pool Table across major regions. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the Pool Table market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/ bottom-up approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detailed secondary study was conducted to obtain the historical market size of the Pool Table through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the Pool Table market, we conducted a detailed secondary analysis to gather historical market insights and share for type, application, sales channel for major regions. Major segments included in the report are type and application. Further region and country-level analyses were conducted to evaluate the overall adoption of Pool Table across the globe.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Pool Table. Further, we conducted factor analysis using dependent and independent variables such as the rising disposable income, surging demand from the hospitality sector, etc., A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, merger and acquisition, business expansion, and product launches in the Pool Table industry across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the Pool Table market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weightage was assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e. bottom-up/ top-down approach was applied to arrive at the market forecast about 2027 for different segments and subsegments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of value (US$) and the adoption rate of Pool Table across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the Pool Table market in terms of services offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the Pool Table market. Data was split into several segments sub-segments post studying various parameters and trends in the areas of type, material, end-use, and distribution channel of the Pool Table market.
Main Objective of the Pool Table Market Study
The current & future market trends of the Pool Table were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends were determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of Pool Table in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of type, material, end-use, and distribution channel
- Define and analysis of the regulatory framework for the Pool Table industry
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
- Analyze the current and forecast market size of the Pool Table market for the major countries
- The major region studied in the report includes North America, Europe, Asia- Pacific, and the Rest of the World.
- Company profiles of the Pool Table market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry