According to a new report published by Allied Market Research, titled, “Pool Tables Market by Type, Material, End Use and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021–2028,” the pool tables market size is expected to reach $291.6 million by 2028 at a CAGR of 5.4% from 2021 to 2028.
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Pool is similar to games such as billiards and snooker. It is a cue sport played on a table with six pockets. It requires ball and table to play. Pool is commonly referred to as “billiards” in most parts of the world, similar to how “bowling” is commonly used to refer to the sport of ten-pin bowling. There are also hybrid games that combine pool and carom billiards elements, such as American four-ball billiards, bottle pool, cowboy pool, and English billiards.
The market is segmented on the basis of type, material, end use, distribution channel, and region.
On the basis of type, the market is categorized as American pool table and British pool table. As per material, it is divided into slate pool table, wooden pool table, metallic pool table and rubber pool table. Based on end use, the pool tables market is segmented as residential, commercial and professional. According to distribution channel, it is divided into hypermarkets & supermarkets, departmental stores, specialty stores, and online sales channel. Region-wise, the pool tables market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Various types of pool tables available in the market include snooker tables, English billiards tables, carom billiards tables, and acrylic pool tables.
By type, the American pool tables segment was the highest revenue contributor in 2020, as in Europe, the most popular pool table is the American pool table. The reason for this is that the table is larger in size and dimension than a British pool table. By material, the slate pool tables segment held the largest market share as the performance of a slate pool table is its most significant advantage. Because the ball roll is perfect, slate pool tables are used at all professional pool and snooker tournaments around the world.
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Based on end use, the professional segment garnered the highest pool tables market share as pool tables are used in various leagues and tournaments. Depending on the distribution channel, the specialty stores segment led the market, owing to availability of large variety of pool tables in these stores.
The increased number of grassroot programs in schools, colleges, and clubs is one of the major factors driving the global pool tables market sales. Pool table demand is expected to rise as a result of the widespread popularity of cue sports and other recreational activities, as well as the numerous associations that promote the sport. As a result, the pool table market will be driven by an increase in demand for recreational activities during the forecast period.
The cost of raw materials used to make pool tables, such as slate, wood, and cloth, is high, which influences the price of the finished product. Furthermore, most pool tables market suppliers and manufacturers charge additional fees for shipping and installation, which enhances the pool table prices for the customer. The high cost of manufacturing a pool table will hinder the pool tables market growth.
E-commerce platforms are preferred by consumers when purchasing bulky and heavy products such as pool tables. This allows customers to save time and energy. As a result, people’s consumer preferences are shifting from traditional sales channels to online sales channels. This will allow retailers to save money on logistics and transportation while increasing profits.
Pool tables market demand is expected to rise due to the strong penetration of cue sports and other recreational activities as well as presence of numerous associations promoting the sport. Favorable support from various governing bodies, such as the U.S. Billiard Association (USBA), is driving the demand for pool tables.
In early 2021, COVID-19 disease began to spread around the world, infecting millions of people, and major countries around the world enacted foot prohibitions and work stoppage orders. Apart from medical supplies and life support products, most industries have been severely impacted, and the pool tables market industry has also suffered. The pool table market has declined significantly as global economic growth has slowed, but it had been growing at a relatively optimistic rate in the four years preceding COVID-19.
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Product launches, mergers & acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the market. The key players in the global pool tables market include 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 and Valley Dynamo Inc.
Key findings of the study :-
The global pool tables market was valued at $214.1 million in 2020, and is projected to reach $291.6 million by 2028, registering a CAGR of 5.4%.
North America was the highest revenue contributor, accounting for $77.1 million in 2020, and is estimated to reach $111.7 million by 2028, with a CAGR of 5.9%.
By type, the American pool table segment was the highest contributor to the market, with $115.6 million in 2020, and is estimated to reach $163.3 million by 2028, at a CAGR of 5.6% during the forecast period.
On the basis of material, the slate pool table segment was the highest contributor to the market, with $72.4 million in 2020, and is estimated to reach $105.9 million by 2028, at a CAGR of 6.0% during the forecast period.
In North America, U.S. was the highest revenue contributor with $38.0 million in 2020, and is estimated to reach $57.4 million by 2028, registering a CAGR of 6.4%.
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