IMARC Group, a leading market research company, has recently released a report titled “Pool Tables Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the pool tables market size, share, trends and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global pool tables market size reached US$ 215.6 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 299.2 Million by 2028, exhibiting a growth rate (CAGR) of 5.84% during 2023-2028.
What are Pool Tables?
The pool is a widely enjoyed cue sport where players use a cue stick to strike colored balls on a pool table. The unique characteristics of the balls and cue stick, the height of the rails, and the distinct shades of the pocketed balls, including yellow, green, brown, blue, pink, and blue, set it apart from other games. Different variations of pool games carry distinct names, with each game possessing its own unique set of rules and objectives. Some well-known games are eight-ball, blackball, nine-ball, ten-ball, seven-ball, straight pool, one-pocket, and bank pool. The table is constructed using quarried slate and offers a smooth playing surface covered in tightly woven worsted wool cloth called baize, while vulcanized rubber cushions surround it. While terms like a snooker table and billiard table refer to tables designed for specific sports, different-sized pool balls are utilized based on the table type. At present, leading manufacturers are actively introducing pool tables in various sizes with a 2:1 ratio to cater to the diverse preferences of players across the globe.
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What are the growth prospects and trends in the pool tables industry?
The global pool tables market is primarily driven by the rising popularity of cue sports and recreational activities. Moreover, the rapid expansion of pool facilities due to the establishment of official academies has augmented the demand for pool tables. Apart from this, governments of numerous countries and private associations promote the pool through coaching programs. In line with this, escalating demand for pool tables from commercial tables due to the rising number of sports coaching centers is another major growth-inducing factor. Additionally, key players focusing on designing and offering personalized pool tables to attract a wider customer base and boost overall sales due to the emerging customization trend are propelling the market growth. Along with this, the surging adoption of online retail strategies to optimize production costs and enhance profit margins, to enable them to efficiently reach customers, obtain regular feedback, and adapt to evolving market demands, has catalyzed market growth. Besides this, rising demand for premium pool stables due to increasing consumer and brand awareness regarding sports equipment is positively influencing the market growth. Furthermore, the rising number of pool clubs and increasing interest in the game among diverse people has accelerated the product adoption rate. Other factors, including an increasing number of individuals participating in indoor sports, significant investments by manufacturers in research and development (R&D) activities, and inflating consumer disposable incomes, are also anticipated to drive the market further.
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What is included in market segmentation?
The report has segmented the market into the following categories:
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Who are the key players operating in the industry?
The report covers the major market players including:
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