A comprehensive overview of the Pool Table market is recently added by UnivDatos Market Insights to its humongous database. The Pool Table report has been aggregated by collecting informative data of various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Pool Table market. The Pool Table report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates Pool Table at the global and regional levels. The Pool Table Market is expected to grow at a CAGR of around 5% from 2021-2027.
Market Overview
A rise in disposable income, rapid urbanization, and growing consumer interest in indoor games are some of the key factors that are attributed to the growing demand for pool table. As per United Nations, 56.2% of the global population now lives in cities and half of these people lived in towns of less than 500,000 inhabitants. The urban population of the world has grown rapidly from 751 million in 1950 to 4.2 billion in 2018. Asia, despite its relatively lower level of urbanization, is home to 54% of the world’s urban population, followed by Europe and Africa with 13% each. Today, the most urbanized regions include Northern America (with 82% of its population living in urban areas in 2018), Latin America and the Caribbean (81%), Europe (74%), and Oceania (68%). The level of urbanization in Asia is now approximating 50%. In contrast, Africa remains mostly rural, with 43% of its population living in urban areas.
Access sample report (including graphs, charts, and figures):- https://univdatos.com/get-a-free-sample-form-php/?product_id=17819
A rise in the GDP per capita is a factor that is impacting the demand for Pool Table across the globe. For instance, as per the World Bank, GDP per capita worldwide increased from US$ 10,249 in 2015 to US$11,433 in 2019. A rise in GDP per capita signifies the increased standard of living. So, consumers in the developed and developing countries where per capita income is witnessing a rise can think of spending more on leisure and other indoor activities, which is creating the demand for pool table.
COVID-19 Impact
The demand for Pool Table witnessed a rise during the COVID-19 pandemic. Nationwide lockdown, border closures, and the inability to travel overseas, consumers were left searching for other ways to spend their downtime. As per Cue World, the leading provider of pool table, pool cues, and other accessories, reports that pool table and pool cue sales have skyrocketed since the beginning of the pandemic.
The Pool Table Market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
By Type, the market is primarily bifurcated into
• American pool table
• British pool table
The American pool table segment gathered a major market share of Pool Table in 2020 and grabbed X% market share. The key factors attributed to the growing market of this share are the benefits such as American pool table are generally larger than English pool table with the standard American pool table is a 7ft, 8ft, or 9ft and the standard English pool table being a 6ft, 7ft or 8ft. Also, American pool table are designed to give a fast, exciting game, with plenty of rebounds and ricochets.
For more informative information, please visit us - https://univdatos.com/report/pool-table-market/
By End-Use, the market is primarily bifurcated into
• Residential
• Commercial
• Professional
The professional segment grabbed a major market in 2020. The emerging g number of pool and billiards professionals coupled with the rising number of tournaments in indoor games including the pool is leading to the growth of the market share of this segment. However, the demand would emerge from the residential and commercial sectors as well.
Pool Table Market Geographical Segmentation Includes:
· North America
· Europe
· Asia-Pacific
· Rest of the World
Based on the estimation, the North America region grabbed a major market share in 2020. An increase in disposable income among consumers coupled with the rising interest in indoor gaming in the region is leading to the growth of the market. Also, the growing number of ready-to-move homes, smart homes, and smart cities in the countries such as the U.S and Canada is leading to the growing demand for Pool Table as well. The number of smart homes in the United States is expected to reach 77.05 million by 2025 up from 35.39 million in 2019.
Get the inside scoop with Sample report:-- https://univdatos.com/get-a-free-sample-form-php/?product_id=17819
The major players targeting the market includes
• 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
The degree of competition among prominent regional companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Pool Table market. The leading players have been analyzed by using research methodologies for getting insight views on global competition.
Key questions resolved through this analytical market research report include:
· What are the latest trends, new patterns, and technological advancements in the Pool Table Market?
· Which factors are influencing the Pool Table market over the forecast period?
· What are the global challenges, threats, and risks in the Pool Table Market?
· Which factors are propelling and restraining the Pool Table Market?
· What are the demanding global regions of the Pool Table Market?
· What will be the global market size in the upcoming years?
· What are the crucial market acquisition strategies and policies applied by global companies?
We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature and geography. Please let us know If you have any custom needs.
Contact Us:
UnivDatos Market Insights
Ankita Gupta
Director Operations
Ph: +91-7838604911
Email: sales@univdatos.com
Website: https://univdatos.com/