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Global Billiards and Snooker Equipment Market 2020-2024 | Increasing Innovations in Equipment to Boost Growth | Technavio

November 13, 2019 GMT
Global Billiards and Snooker Equipment Market 2020-2024 | Increasing Innovations in Equipment to Boost Growth | Technavio
Global Billiards and Snooker Equipment Market 2020-2024 | Increasing Innovations in Equipment to Boost Growth | Technavio

LONDON--(BUSINESS WIRE)--Nov 13, 2019--

The global billiards and snooker equipment market is expected to post a CAGR of more than 2% during the period 2020-2024, according to the latest market research report by Technavio. Request a free sample report

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Technavio has announced its latest market research report titled global billiards and snooker equipment market 2020-2024. (Graphic: Business Wire)

The growing popularity of billiards and snooker games has encouraged sports halls, recreational centers, and clubs to install billiards and snooker equipment so as to enable people to play these games on an hourly basis. Many resorts, hotels, and sports bars in major cities across the US are introducing billiards and snooker halls. Developing countries such as China and India are also witnessing a surge in the number of new sports bars with billiards and snooker equipment. Thus, the growing popularity of billiards and snooker as recreational sports is one of the key factors driving the growth of the market.

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40125

As per Technavio, the increasing innovations in equipment will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2020-2024.

Global Billiards and Snooker Equipment Market: Increasing Innovations in Equipment

The growing popularity of billiards and snooker games is encouraging vendors to focus on introducing innovative products. Several vendors are introducing tables that can be easily converted into dining tables. Certain vendors are offering a wide range of customization options in terms of cabinet color and finish. Vendors are also allowing customers to choose a model from a wide range of tables. This trend of innovation and customization is expected to boost the growth of the global billiards and snooker equipment market during the forecast period.

“Increase in online sale of sports equipment and growing number of strategic acquisitions will further boost market growth during the forecast period”, says a senior analyst at Technavio.

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Global Billiards and Snooker Equipment Market: Segmentation Analysis

This market report segments the global billiards and snooker equipment market by product (billiards and snooker tables, billiards and snooker cues and balls, and other equipment), distribution channel (offline and online), and geography (APAC, Europe, MEA, North America, and South America).

The European region led the market in 2019, followed by North America, APAC, South America, and MEA respectively. During the forecast period, the European region is expected to maintain its dominance over the global market. This is due to the growing popularity of sports tournaments such as the European Pool Championships and the World Championship in the region.

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.

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Some of the key topics covered in the report include:

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation

Customer Landscape

Geographical Segmentation

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendor Analysis

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191113005366/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email:media@technavio.com

Website:https://www.technavio.com/

KEYWORD:

INDUSTRY KEYWORD: SPORTS BILLIARDS

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 11/13/2019 07:00 AM/DISC: 11/13/2019 07:01 AM

http://www.businesswire.com/news/home/20191113005366/en