Originally published on Technavio: Analysis and Forecast of the Global Billiards and Snooker Equipment Market Europe, North America, APAC, South America, Middle East, and Africa (2023-2027)

Introduction:
The billiards and snooker equipment market is poised to grow significantly, with an estimated CAGR of 2.05% between 2022 and 2027, resulting in a projected USD 65.96 million expansion. This growth is influenced by several factors, including increasing demand from the Asia-Pacific (APAC) region, the diversification of distribution channels globally, and the rising popularity of these games as recreational sports, particularly among millennials. The report provides comprehensive insights into market dynamics, customer landscapes, competitive analyses, and regional segmentation, with historical data from 2017 to 2021.

Market Dynamics:
The market's growth is primarily driven by the expanding recreational sports sector, though challenges such as the rise of virtual gaming may impact snooker equipment sales. Notably, millennials constitute a significant consumer segment, with emerging economies like China and India witnessing a surge in new sports bars equipped with billiards and snooker facilities. Moreover, the demand for vintage and authentic interior décor in various establishments further drives market growth.

Market Trends:
A notable trend is the incorporation of billiards and snooker equipment in corporate workspaces, driven by companies recognizing the importance of providing leisure facilities for employees. This trend enhances work-life balance, promotes employee well-being and productivity, fosters teamwork, and contributes to a positive work culture. Consequently, the adoption of such equipment in workplaces is on the rise, augmenting market demand.

Market Challenges:
The increasing popularity of virtual gaming poses a significant challenge to the market's growth. Traditional sports and games face competition from digital and electronic counterparts, with factors like low consumer loyalty and the proliferation of motion-sensor games hindering sales. However, leveraging the benefits of billiards and snooker equipment in corporate settings can mitigate this challenge to some extent.

Customer Landscape:
The report details the adoption lifecycle of the market, ranging from innovators to laggards, across different regions. Additionally, it outlines key purchase criteria and drivers of price sensitivity, assisting companies in formulating growth strategies.

Vendor Landscape:
Leading companies employ various strategies such as strategic alliances, mergers, acquisitions, and product launches to bolster their market presence. Key players include BCE Distributors Ltd., Berner Billiards, and Bilijardai JSC, among others.

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The report forecasts market growth by revenue globally, regionally, and at the country level, providing insights into trends and opportunities from 2017 to 2027.
The report offers a comprehensive outlook on the global billiards and snooker equipment market, elucidating growth prospects, market dynamics, and emerging trends. With detailed analyses of regional markets and vendor landscapes, it serves as a valuable resource for stakeholders in the industry.

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