Global Pool Tables Market GrowsSteadily at a CAGR of 5.6%

Introduction

The pool is one of the many popular cue sports in which a stick called a cue is used to strike different colored balls on a pool table. Today, the term pool is often used as a collective term for billiards and snooker. The growing popularity of cue games among the millennial generation has stimulated interest in pool tables in recent years. 

The pool table market must be affected by both macroeconomic and microeconomic factors. Macroeconomic factors driving the pool table market include mass urbanization and economic development in developing countries, which increased the number of pool clubs and triggered interest in the game among a diverse range of people globally. One of the critical microeconomic components determining the development of the pool table market is product development aligned with consumer loyalty. Furthermore, growing interest in pool tables in corporate workspaces to relieve stress from demanding jobs may drive market development.

Market Dynamics

Demand for Recreational Activities and Indoor Games Spur the Global Pool Tables Market

Recreational activities are frequently done for enjoyment, amusement, or pleasure and are regarded as fun. The games and sports such as snooker, billiards, and carom are becoming popular nowadays. All these games are played at leisure in homes. Due to the widespread popularity of cue sports and other recreational activities, the need for pool tables is predicted to increase. The market for pool tables willexperience growth due to support from various sports associations during the forecast period.

The indoor game is a structured competitive physical activity typically in specially constructed indoor facilities or at home. Snooker and pool are playedon a sizable, flat, cloth-covered table with six pockets. The only difference is that the pool table size is much bigger than the snooker table. In these games, the cue ball, which is struck with the tip of a stick called a cue, is used by each player to try to pot the balls. As a result, pool tables' residential and commercial use has increased tremendously, propelling the pool table market during the forecast period.

Growing Use of E-Commerce Platforms Create TremendousMarket Opportunities

An e-commerce platform is a complete software solution that enables online merchants to control their operations. Nowadays, people are buying products through various online platforms. Consumers prefer e-commerce platforms to purchase bulky and heavy products like pool tables. This helps consumers to save time and energy. Therefore, people are shifting their buying preferences from traditional sales channels to online sales channels. This will enable retailers to save costs incurred in logistics and transportation by increasing profit in return.

Regional Analysis

North America dominates the global pool table market and is estimated to grow at a CAGR of 6.1% during the forecast period. Due to expected improvements in macroeconomic conditions, revenue for the pool tables market is expected to recover mildly over the next five years. Indeed, the economy in the US is likely to improve over the next five years, with unemployment remaining low. Furthermore, per capita disposable income is expected to rise further, boosting discretionary spending on leisure and recreational activities such as pool table market services. Due to increasing consumer purchasing power and many associations promoting the sport, the region accounted for the most significant global pool tables market revenue.

The Europe pool tables market is projected to grow at a CAGR of 5.7%, generating USD 98 millionduring the forecast period. Both macroeconomic and microeconomic factors are anticipated to continue influencing the pool table industry in Europe. Mass urbanization and economic expansion led to an increase in the number of pool clubs and a growing interest in the sport among a variety of people throughout the world. Product innovation combined with customer satisfaction is one of the vital microeconomic factors driving the growth of the pool table market in Europe. 

Asia-Pacific pool tables market is primarily driven by the interest in cue sports and a significant increase in indoor sports. Customers' high disposable income levels and the development of malls and commercial complexes for pools and billiards are expected to drive the demand for pool tables. Competitions among players to increase participation, as well as the introduction of sponsors, can be beneficial to the market. The need for pool tables is growing due to the growth of e-commerce and organized retail chains, as well as the popularity of pool games in countries such as India.

Key Highlights

• The global pool tables market size was worth USD 225 million in 2021. It is estimated to reach USD 365 million by 2030, growing at a CAGR of 5.6% during the forecast period (2022–2030).
• Based on type, the global pool tables market is categorized into American Pool Tables and British Pool Tables. American Pool Table is the largest segment in the global pool market and is estimated to grow at a CAGR of 5.8% during the forecast period.
• Based on material, the global pool tables market is segmented into Slate Pool Tables, Wooden Pool Tables, Metallic Pool Tables, and Rubber Pool Tables. Slate Pool Table owns the highest market share and is expected to grow at a CAGR of 6.2% during the forecast period.

• Based on end-user, the global pool tables market is segmented into Professional, Commercial, and Residential.The Professional segment is the largest shareholder in the market and is estimated to grow at a CAGR of 5.7% during the forecast period.
• Based on distribution channels, the global pool tables market is segmented intoSpecialty Stores, Hypermarkets & Supermarkets, Online Sales Channels, andDepartmental Stores. Specialty Stores dominate the global pool tables market and are estimated to grow at a CAGR of 6.8% during the forecast period.
• Based on regions, the global pool tables market is classified into North America, Europe, Asia-Pacific, and LAMEA. North America dominates the global pool table market and is estimated to grow at a CAGR of 6.1% during the forecast period.

Competitive Players

Competitive Players

The key players in the global pool tables market are American Heritage Billiards, Beijing Xingpaiweiye Sports Goods Co. Ltd, Imperial International, Blatt Billiards, Brunswick Billiards, Gabriels Billiards, Legacy Billiards, Olhausen Billiard Mfg. Inc., Riley England, and Valley Dynamo Inc.

Recent Developments

Market News

• In June 2022, American Heritage Billiards will be showcasing at the upcoming 2022 BCA Expo located at the South Point Hotel, Casino, and Convention Center Las Vegas.

Segmentation

Global Pool Tables Market: Segmentation

By Type

• American Pool Table
• British Pool Table

By Material

• Slate Pool Table
• Wooden Pool Table
• Metallic Pool Table
• Rubber Pool Table

By End-User

• Professional
• Commercial
• Residential

By Distribution Channel

• Specialty Stores
• Hypermarkets & Supermarkets
• Online Sales Channel
• Departmental Stores

By Regions

• North America
• Europe
• Asia-Pacific
• LAMEA