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The billiards and snooker equipment market size is estimated to grow by USD 65.96 million at a CAGR of 2.05% between 2022 and 2027. The growth of the market depends on several factors, including the rising demand for equipment from APAC, the diversification of distribution channels in the global market, and the growing popularity as recreational sports. Millennials constitute a major target consumer segment for this industry. In emerging economies such as China and India, there is a surge in the number of new sports bars with this equipment. In addition, with the increasing demand for vintage and authentic interior decor in bars, resorts, and cafeterias, many companies are looking to introduce these games in their establishments. Thus, the growing popularity as recreational sports, particularly among the millennial population, will boost the growth of the global market during the forecast period.
It also includes an in-depth analysis of market dynamics, customer landscape, Competitive analysis and market segmentation along with regions. Furthermore, the report includes historic market data from 2017 to 2021.
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The growing popularity as recreational sports are notably driving the market growth, although factors such as the increasing popularity of virtual gaming may impede the snooker equipment market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The growing popularity as recreational sports is the key factor driving the growth of the market. They are becoming more and more popular recreational sports around the world. Some gymnasiums, leisure centers and clubs have these machines, and he can play these sports on an hourly basis. The number of these halls in resorts, hotels, and sports bars is increasing in major US cities such as Orlando, Las Vegas, and New York, which will boost the demand during the forecast period.
The use of billiards and snooker equipment in corporate workspaces is the primary trend in the market growth. They have traditionally been known as recreational activities and are often played at home or in recreational settings. However, in recent years these activities have been making their way into corporate workplaces. One of the reasons for this is the increasing tendency of companies to provide leisure facilities for their employees. Many organizations recognize that work-life balance is important to employee well-being and productivity. Additionally, offering recreational activities can help create a positive work culture and promote teamwork among employees.
Playing this can provide several benefits that can translate to the workplace. These games require strategic thinking, focus, and concentration which can promote problem-solving skills and decision-making abilities. In conclusion, the use of Snooker equipment in the corporate workplace is on the rise. These games provide several benefits, including promoting employee well-being, improving cognitive function, and fostering teamwork. Companies can leverage these games to enhance their workplace culture, promote team building, and create unique branding opportunities. Thus, the increasing adoption in workplaces will augment the demand for its related equipment, which will boost the growth of the global market during the forecast period.
The increasing popularity of virtual gaming is a major challenge to the growth of the global market. The popularity of digital games and e-games worldwide is expected to increase during the forecast period. Digital and electronic games are replacing traditional games and sport. Factors such as low consumer loyalty to traditional sports and the adoption of popular motion-sensor games on digital gaming platforms hinder sales. Companies such as Microsoft Corp. are launching many innovative games for both children and adults.
For instance, Virtual Pool 3 features games, 3-ball, and other cue sports, providing a real-time gaming experience. The preference for mobile gaming is likely to increase during the forecast period due to the rising use of smartphones. Thus, the growing popularity of digital games and e-games is expected to pose a significant threat to the growth of the global market during the forecast period.
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
BCE Distributors Ltd.: The company offers Riley traditional table, Riley folding snooker table, BCE Folding 3 in 1 Pool Table, and BCE Folding 2 in 1 Pool Table.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the offline segment will be significant during the forecast period. Offline distribution channels include specialty and sports shops, department and discount stores, pro shops, warehouse clubs, and brand manufacturers. Specialty and sports shops accounted for the highest sales in 2022 globally. These include large specialty and sports shops that offer a wide range of popular brands.
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The offline segment was valued at USD 505.94 million in 2017 and continued to grow by 2021. Consumers prefer to buy sporting goods from department stores and discount stores. This is because of the extensive product portfolio and the ability to provide consumers with the support and information they need, and advice through our competent customer service representatives. These stores also offer consumers attractive discounts on the necessary equipment. Department stores and discount stores make up the bulk of sales of sporting goods because they allow consumers to closely inspect the quality of these products. Therefore, the demand for offline sales is expected to increase, boosting the growth of the featured sports equipment market during the forecast period.
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Europe is estimated to contribute 30% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. In Europe, billiards is a popular sport at both recreational and professional levels. Billiards originated in the UK. In the UK, the sport uses two cue balls (originally both white; one is marked with a black dot, but more recently, it is white and yellow) and a red object ball. Each team or player utilizes a unique cue ball. Points are awarded for cannons and pocketing the balls on a billiards table that is the same size as a table. Moreover, popular sports tournaments such as the European Pool Championships (a pool competition organized by the European Pocket Billiard Federation) and the World Championship (which has significant coverage in Europe) will drive the market in Europe during the forecast period.
The snooker equipment market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the market growth and trends opportunities from 2017 to 2027.
The snooker equipment market is poised for growth in the forecasted years, driven by the increasing popularity of sports participation and the growing demand for billiards and pool equipment. E-commerce websites and customer interaction platforms are facilitating easy access to a wide range of equipment, enhancing the market's reach.
The market benefits from the promotion of sports in various settings, including sports halls, schools, and colleges, as well as grassroots programs aimed at nurturing talent. Specialized events like the World Disability Snooker and the World Women's Snooker Tour are further boosting interest and demand for equipment. Several manufacturers are offering innovative products, including cues, tables, and accessories, to cater to the needs of players at all levels, from beginners to intermediate players. Advanced features like gyroscopic self-leveling, CNC-machined components, and high-quality materials like leather and titanium are enhancing the playing experience, and driving market growth.
Billiards And Snooker Equipment Market Scope |
|
Report Coverage |
Details |
Page number |
155 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 2.05% |
Market growth 2023-2027 |
USD 65.96 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
1.42 |
Regional analysis |
Europe, North America, APAC, South America, and Middle East and Africa |
Performing market contribution |
Europe at 30% |
Key countries |
US, Canada, China, UK, and Germany |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
BCE Distributors Ltd., Berner Billiards, Bilijardai JSC, Billards Breton, BILLARES SAM S.A.U., Birmingham Billiards Ltd., Diamond Billiard Products INC., Dynamic Billard Organization GmbH, Escalade Inc., GLD Products, H. Betti Industries Inc., Hamilton Billiards and Games Co. Ltd., Iwan Simonis S.A., Jack Game Room LLC, Jinan Yalin Billiard Goods Co. Ltd., Olhausen Billiard Mfg. Inc., Predator Group, Snooker Alley, Snooker and Pool Table Co. Ltd., and Viking Cues LLC |
Market dynamics |
Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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