Overview of the global foosball equipment market
Market research analysts at Technavio predict that the global foosball equipment market will grow steadily during the next four years and post a CAGR of over 2% by 2021. This market research analysis identifies the increasing popularity of the sport as one of the primary growth factors for this market. The popularity of the game has increased, mainly due to the feasibility of playing the game in corporate offices. The growing number of players and playing events are the other factors that are increasing the awareness of the game and participation in it. Moreover, the game has no limitations based on gender or age, giving most people an opportunity to have fun and participate in the various tournaments being conducted around the world.
One of the latest trends that will gain traction in the foosball equipment market in the coming years is the adoption of luxury foosball tables. Luxury foosball tables made of low iron crystal glass or with wooden handles, surfaces, stands and even actual 24 carat gold plated accessories is a new trend in the market. Popularization of the game as a recreational sport is because, foosball is being integrated into various formats which also contribute to the global market.
Competitive landscape and key vendors
Due to the presence of several large and small scale vendors, this market appears to be highly fragmented. The vendors operating in the market compete based on several factors like price, quality, brand, and variety. To survive and succeed in the competitive environment in the market, the suppliers in the market need to distinguish their product and service offerings through a clear and unique value proposition.
The leading vendors in the market are -
- Bonzini
- Garlando Sports & Leisure
- Rene Pierre
- Shelti
- Tornado
The other prominent vendors in the market include BRUNSWICK, CARROM SHOP, KICK, and Warrior Table Soccer.
Segmentation by retail format and analysis of the foosball equipment market
- Sporting goods retailers
- Department stores, hypermarkets, and supermarkets
- Online retail
During 2016, the sporting goods retailers segment accounted for the major shares and dominated this market. Sporting goods retailers offer popular brands of foosball equipment and are, thus, attractive shopping destinations for the consumers in the market. Factors such as the availability of a variety of products at one location will contribute to the growth of this industry segment in the coming years.
Geographical segmentation and analysis of the foosball equipment market
This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the market by 2021. Associations and federations in these regions promote the sport, encourage more players to participate in the various championships and tournaments that are conducted nationally and worldwide, and spread awareness and develop the game of foosball. Additionally, factors such as increasing urbanization, rising disposable income, and the emergence nuclear families have increased the demand for foosball equipment at home. Furthermore, the rise in the number of online stores is another factor that will contribute to an increase in the sales of foosball equipment in this region.
Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global foosball equipment market?
- What are the key market trends impacting the growth of the global foosball equipment market?
- What are the challenges to market growth?
- Who are the key vendors in the global foosball equipment market?
- What are the market opportunities and threats faced by the vendors in the global foosball equipment market?
- 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 foosball equipment market?
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