Overview of the global air hockey table market
Market research analysts at Technavio predict that the global air hockey table market will grow steadily at a CAGR of close to 5% by 2021. This market research analysis identifies the increasing popularity of air hockey tournaments as one of the primary growth factors for this market. Air hockey games are fast, require very little skill to learn, and can be played by people of all age groups. The absence of age barriers for tournaments and the higher participation of individuals will increase the sales of air hockey tables during the forecast period.
Games against robots prove to be quite challenging for humans. Air hockey can also be played against robots that have a four-axis arm, high-speed cameras, and an attached PC and uses high-speed tracking to track the puck and the paddle of the opponent. This market study estimates that the emergence of robotic air hockey is one of the major trends that will gain traction in the air hockey table market in the coming years.
Competitive landscape and key vendors
The air hockey table market is highly competitive due to the presence of several players in this marketspace. The vendors operating in the market compete based on factors such as brand, price, quality, and variety. The prevailing competition in the market and upgrades in designs and formats for table sports pose as major challenges for the vendor growth. It becomes imperative for vendors to distinguish their service offerings and products through clear and unique value propositions to succeed and survive in this competitive environment.
The leading vendors in the market are -
- Blue Wave Products
- BRUNSWICK
- Gold Standard Games/Shelti
- Valley-Dynamo
The other prominent vendors in the market include Barron Games International, Berner Billiards, FRANKLIN SPORTS, GLD Products, Imperial International, and Playcraft Sport.
Segmentation by product and analysis of the air hockey table market
- Arcade-style air hockey table
- Basic-designed air hockey table
- Tabletop air hockey table
- Multigame air hockey table
During 2016, the arcade-style air hockey table segment accounted for the major shares of this market. These tables are preferred in gaming arcades even though they are highly priced because of their high durability, which allows long playing hours. Additionally, factors such as the increase in disposable income among consumers, urbanization, and the expanding millennial population base, are also fueling the growth of this market segment.
Geographical segmentation and analysis of the air hockey table market
This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the market by 2021 due to the increasing number of people maintaining dedicated game rooms at home. Additionally, tournaments held in the US that are governed by the United States Air Hockey Association (USAA) to promote this sport, that encourages more players to participate in various championships and tournaments and spread awareness about the game will also augment the market’s growth prospects in this region.
Key questions answered in the report include
- What will the air hockey table market size and the growth rate be in 2021?
- What are the key factors driving the global air hockey table market?
- What are the key air hockey table market trends impacting the growth?
- What are the challenges to market growth?
- Who are the key vendors in the global air hockey table market?
- What are the market opportunities and threats faced by the vendors in the global air hockey table market?
- What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
- What are the key outcomes of the five forces analysis of the global air hockey table market?