Billiards And Snooker Equipment Market to grow at a CAGR of 1.5% during 2024-2028
The Billiards And Snooker Equipment Market is expected to grow at a CAGR of 1.5% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 48.4 million. The billiards and snooker equipment market has witnessed significant growth in online sales over the past decade. This trend can be attributed to strategic initiatives by manufacturers and retailers, including customer education, streamlined online purchasing processes, targeted marketing campaigns, and improved aftersales services. These factors have made online shopping a preferred choice for consumers due to its convenience. Furthermore, retailing through online marketplaces grants vendors direct access to a broader consumer base, leading to increased revenue growth. Major online retailers, such as Amazon.com Inc. and Walmart Inc., offer an extensive range of billiards and snooker equipment, including tables, cues, balls, and accessories.
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Technavio analysts predict that the Offline subsegment will lead the Distribution Channel segment during 2024 and 2028 The Billiards and Snooker Equipment Market represents a significant business opportunity, driven by the growing popularity of these games worldwide. Key equipment categories include billiard tables, cues, balls, and accessories. Market growth is fueled by increasing participation in league play, rising disposable income, and a strong affinity for these games among consumers. Companies that manufacture and distribute high-quality, innovative equipment will thrive in this competitive industry.
Here are the various ways based on which the market is segmented:
There are several factors that are causing the market to flourish rising demand for billiards and snooker equipment from apac
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Billiards and snooker, also known as cue sports, have gained significant popularity worldwide. The market for billiards and snooker equipment includes various components such as quarried slate tables, cue balls, cue sticks, and accessories like spiders, hook rests, rest head adaptors, extensions, chalk, cue bridges, and more. Quarried slate tables are a popular choice for serious players due to their durability and smooth playing surface. Carom billiards, a popular variant of the game, uses larger balls and requires fewer equipment compared to snooker and pool. Consumer loyalty in the billiards and snooker market is strong, with many players preferring specific brands and types of equipment. Mass urbanization has led to an increase in the number of billiards and snooker clubs, colleges, and schools, driving demand for equipment. Equipment materials include titanium, stainless-steel, and anodized aluminum cues, which offer durability and resistance to wear and tear. Both offline retail stores and online retail stores cater to the demand for billiards and snooker equipment, providing convenience and accessibility to players. Accessories like chalk, cue bridges, and rests are essential for maintaining the quality of the game and ensuring optimal performance. The market for billiards and snooker equipment is expected to grow as the popularity of cue games continues to rise.
The global leisure products market, a segment of the larger household durables industry, encompasses categories such as sports equipment, musical instruments, camping gear, recreational vehicles, bicycles, toys, and consumer games. According to Technavio's market analysis, the household durables market size is determined by the consolidated revenue of manufacturers in sectors like consumer electronics, home furnishings, homebuilding products, household appliances, houseware and specialties, and leisure products. Factors fueling the expansion of the leisure products market include the surge in health and fitness club memberships, with numbers experiencing consistent growth over the past decade, and the subsequent increase in the number of health and fitness clubs due to the industry's promising prospects.
The Billiards And Snooker Equipment Market is experiencing significant growth, fueled by the rising demand for billiards and snooker equipment from apac. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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