Pool Tables Market Key Drivers, Opportunities, Leading Players And Forecast To 2033

"The Business Research Company recently released a comprehensive report on the Global Pool Tables Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The pool tables market size has grown strongly in recent years. It will grow from $1.34 billion in 2023 to $1.43 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to popularity and cultural influence, the evolution of cue sports, cultural representation, social status, and symbolism, marketing and promotion, and the expansion of tournament play.

The pool tables market size is expected to see strong growth in the next few years. It will grow to $1.84 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to the increasing popularity of home entertainment, rising disposable incomes, the popularity of billiards as a competitive sport, the rising influence of pool players and celebrities endorsing the game, and customization options for personal and commercial use. Major trends in the forecast period include sustainable materials, compact and multi-functional designs, luxury and high-end materials, outdoor and weatherproof options, and innovation in design and digital transformation.

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Market Drivers and Trends:

Soaring demand for recreational activities is expected to propel the growth of the pool tables market going forward. Recreational activities refer to activities that people engage in during their free time for enjoyment, relaxation, and pleasure. These activities can be physical, mental, or social and are intended to refresh the mind and body. The demand for recreational activities is rising due to several reasons, including increased awareness of health and well-being, urbanization, modern lifestyles, and a rise in disposable income. Pool tables are widely used in recreational activities for socializing, competitive play, and enhancing entertainment in both casual and professional settings. For instance, in December 2023, according to the 2023 outdoor participation trends report published by The Outdoor Industry Association (OIA), a US-based trade organization, the outdoor recreation participant base grew by 2.3% in 2022 to a record 168.1 million participants, or 55% of the U.S. population ages 6 and older, with snowshoeing experiencing a 20.7% annual growth rate and camping experiencing a 12% increase from 2021 to 2022. Therefore, the soaring demand for recreational activities is driving the pools table market.

Major companies operating in the pool tables market are focusing on developing innovative solutions, such as a gyroscopic self-leveling sensor to automatically adjust the pool table's legs. A gyroscopic self-leveling sensor is a device that utilizes gyroscopic principles to maintain or detect orientation and levelness in various applications. For instance, in May 2021, Bugatti, a France-based automobile company, launched a Bugatti Carbon Fiber Pool Table with gyroscopic self-leveling designed for use on yachts. This pool table is made with premium materials and boasts a luxurious finish featuring the Bugatti logo and a unique plaque with a limited-edition number. Equipped with a gyroscopic self-leveling sensor, it is well-suited for yacht use, rapidly adjusting its legs in just five milliseconds to counteract ship movements, ensuring stable and silent play without any vibrations. This represents a groundbreaking technological innovation, unrivaled luxury, and exclusive prestige, setting a new standard in the high-end segment of the pool tables.

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Major Key Players of the Market:

Escalade Sports Inc., CHEVILLOTTE, OLHAUSEN BILLIARD MFG INC., American Heritage Billiards LLC, Jai Balaji Billiards, Legacy Billiards, EastPoint Sports, Blatt Billiards, Canada Billiard, Sharma Billiard Accessories, Vinex Enterprises Private Limited, Riley England, Plank & Hide Co., Imperial International, Beach Billiards, Gabriels Billiards, Billard Toulet, Fusiontables, RASSON, Diamond Billiard Products INC.

Pool Tables Market 2024 Key Insights:

• The pool tables market size is expected to see strong growth in the next few years. It will grow to $1.84 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%.
• Recreational Activities Propel Growth Of The Pool Table Market
• Gyroscopic Self-Leveling Sensor Elevates Pool Tables
• North America was the largest region in the pool tables market in 2023

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