Foosball Table Market– Statistics And Analysis & Forecast To 2025Posted by Mrudula Karmarkar on January 5th, 2022 The global foosball tables market size is anticipated to reach USD 237.3 million by 2025 registering a CAGR of 5.0%, according to a new report by Grand View Research, Inc. Rising popularity of indoor sports activities is the key growth-driving factor for the market. Increasing popularity of table soccer across emerging economies is expected to boost the market growth from 2019 to 2025.Moreover, foosball organizations across the globe, such as Shanghai Foosball Community, China Table Soccer Federation, and Federation of Table Soccer, India, actively conduct weekly tournaments at sports complexes, restaurants, and bars resulting in increasing popularity of the game. Wood emerged as the largest material segment in 2018 and will maintain its leading position in the market throughout the forecast years. Wood is the most widely used material as it offers greater stability and sturdiness. Companies are using engineered wood as it has higher strength and is cheaper than solid wood. Furthermore, increasing concerns regarding plastic usage will drive the demand for wood-based products. Online distribution channel segment is anticipated to expand at the fastest CAGR of 7.6% over the forecast period. Increasing usage of smartphones and exposure to digital media, especially in developing countries like India and China, are expected to increase the product sales through online channels. In addition, online retailers, such as Amazon and eBay, are focusing on making this product as main category in sport goods, which is expected to help boost the segment growth. North America was the leading regional market in 2018 and will expand further retaining its position over the forecast period. Asia Pacific is projected to be the second fastest-growing regional market from 2019 to 2025 due to rising popularity of table soccer in countries like Japan, Malaysia, Australia, India, and China. Moreover, foosball organizations across the globe, such as Shanghai Foosball Community, China Table Soccer Federation, and Federation of Table Soccer, India, actively conduct weekly tournaments at sports complexes, restaurants, and bars resulting in increased popularity of the game. Key companies in the market, such as Berner Billiards, are investing more in marketing and advertisement to gain a larger customer base in emerging economies. To Request Sample Copy of this report, click the link: https://www.grandviewresearch.com/industry-analysis/foosball-table-market/request/rs1 Wood emerged as the largest material segment in 2018 and will maintain its leading position in the market throughout the forecast years. Wood is the most widely used material as it offers greater stability and sturdiness. Companies are using engineered wood as it has higher strength and is cheaper than solid wood. Furthermore, increasing concerns regarding plastic usage will drive the demand for wood-based products. Further key findings from the study suggest:
The global market is highly competitive with leading companies focusing on expanding their presence in potential markets of the Asia Pacific and the Middle East. Some of the prominent companies in the global market are Bonzini USA; Carrom Company; RENÉ PIERRE; Shelti, Inc.; The Beck Companies; Berner Billiards; Garlando Sports & Leisure; Barron Games; Teckell; and Blue Wave Products, Inc. The market is identified by several strategic activities undertaken by these companies, such as expansions, mergers and acquisitions, and material and technological innovations. Grand View Research has segmented the global foosball tables market on the basis of material, distribution channel: Foosball Tables Material Outlook (Revenue, USD Million, 2015 - 2025)
Foosball Tables Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)
About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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