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Foosball Table Products Market Size, Share, & Trends Analysis Report (2023 – 2030)
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Report Overview
The global foosball table products market was valued at USD 6.2 billion in 2022 and is expected to expand at a CAGR of 6.4% from 2023 to 2030. The growing demand for recreational activities is driving the demand for these products. Furthermore, the increasing popularity of playing foosball as a professional sport is also driving the market growth. Also, the increasing acceptance of these products as a form of entertainment in bars and restaurants is expected to spur the demand for foosball tables.
The foosball table products market is witnessing a surge in demand as a result of the rising focus on health and well-being. The growing trend of indoor physical activities has increased the demand for foosball tables. Furthermore, the increasing demand for foosball tables in gyms and fitness centers is creating ample opportunities for the market. Additionally, the growing number of foosball tournaments and competitions, as well as the introduction of foosball-related activities in schools and universities, is expected to further drive the market.
The emergence of high-end foosball tables with advanced features such as built-in score counters, robotic players, and automated ball return systems is expected to fuel the demand for the market. Furthermore, the growing popularity of online gaming has led to the emergence of online foosball tables, which are expected to create lucrative opportunities in the market.
Moreover, the growing popularity of foosball as a professional sport and the rising number of professional tournaments and competitions are expected to create a positive outlook for the market. Additionally, the growing popularity of foosball among the younger population and the growing acceptance of foosball as a form of entertainment in bars and restaurants are further expected to fuel the demand for the market.
In addition, the increasing demand for outdoor foosball tables and the growing focus on innovative promotional strategies such as product launches and collaborations with professional players to promote the game are expected to further drive the market. Furthermore, the increasing availability of foosball tables in various sizes and colors is expected to create lucrative opportunities for the market.
Product Insights
The recreational segment held the largest share of the market in 2021. Growing interest among consumers in recreational activities such as foosball has been driving the demand for the product. According to an article published by SBNation, in April 2021, foosball is one of the most popular bar games. Furthermore, rising disposable income and increasing leisure time are some of the macro-level factors driving the demand for foosball tables.
The professional segment is anticipated to expand at the fastest CAGR of 8.2% over the forecast period. Growing popularity of foosball as a professional sport, increasing acceptance of foosball in social settings, and the introduction of new foosball tables with innovative features are some of the factors driving the growth of the market. According to an article published by The Guardian, in April 2021, the International Table Soccer Federation (ITSF) is the official body responsible for the development of the sport.
Distribution Channel Insights
The offline segment dominated the global foosball table products market in 2020 with a share of over 75%. Foosball tables are typically sold through brick and mortar stores, such as specialty stores and departmental stores. These stores offer a wide variety of foosball tables to customers, which allows customers to make a comparison among different products. Furthermore, these stores also offer competitive pricing, as well as discounts and offers, which further drive the segment.
The online segment is expected to register the highest CAGR of 4.9% over the forecast period. The growth of the segment is driven by the rising penetration of the internet and increased availability of foosball table products on e-commerce platforms. Moreover, the presence of numerous online stores offering discounts and offers on foosball tables is further expected to drive the segment. For instance, in 2020, Amazon launched “Amazon Foosball Table”, a dedicated online store offering a wide variety of foosball tables from various brands.
Type Insights
The home segment accounted for the largest revenue share of 84.6% in the year 2022. The growing popularity of foosball tables in households and increasing disposable income are the key factors driving the growth of this segment. Moreover, the increasing participation in recreational activities such as foosball, which has both entertainment value and health benefits, is also propelling the demand for foosball tables. Furthermore, the increasing trend of having game rooms and home offices is increasing the demand for foosball tables.
The commercial segment is anticipated to expand at the highest CAGR of 10.3% over the forecast period. Growing awareness of recreational activities as a source of entertainment in commercial outlets such as bars and pubs is driving the demand for foosball tables. Furthermore, the presence of foosball tables in office spaces is also boosting the demand in the commercial segment. Companies such as KICK Foosball, Fat Cat, and Tornado are providing foosball tables for commercial purposes.
Regional Insights
Europe dominated the market and accounted for the largest revenue share of over 43.2% in 2022. This is attributed to the increase in recreational and entertainment activities due to rising disposable incomes and the availability of a wide range of foosball tables in the region. Moreover, the growing popularity of the game among children and adults alike has led to the emergence of various foosball tournaments in the region.
North America is expected to witness the second-fastest growth in the coming years. Rising demand due to the growing popularity of foosball tables and the presence of prominent players, such as Tornado and Valley-Dynamo, are expected to drive the growth of the market. Furthermore, the availability of advanced foosball tables with superior features and the growing presence of e-commerce channels are further expected to fuel market growth in the region.
Financial Projections
In this part of the foosball table products business plan we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for your foosball table products business. Usually, these projections are drafted for a 5-year period.
Revenue Assumptions
The main source of revenues for a foosball table products business is through the sale of foosball tables and related merchandise. This includes items such as foosball balls, table covers, and accessories. Other possible sources of profit include the sale of spare parts, custom designs, and leasing of tables.
Projecting Expenses
In this section, all the regular expenses related to keeping the foosball table products business running will be described. The list of operating expenses includes manufacturing costs, marketing expenses, wages, utilities, rent, and insurance policies. Other expenses may include shipping fees, inventory costs, and other miscellaneous expenses.
Key companies & market share insights
Some of the key companies operating in the foosball table market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:
– In July 2022, KICK Foosball launched a new collection of foosball tables designed for both professional and recreational use.
– In August 2022, Shelti launched a range of foosball tables designed for residential and commercial use.
– In September 2022, Tornado Sports launched a new collection of foosball tables designed for tournament play.
Some of the prominent players in the foosball table market include:
– KICK Foosball
– Shelti
– Tornado Sports
– Dynamo Sports
– Hathaway Games
– Warrior Table Soccer
– Carrom
– Warrior Table Soccer
– Valley-Dynamo
– Garlando
Global Foosball Table Market Segmentation
This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global foosball table products market based on product, distribution channel, type, and region:
1. Product Outlook (Revenue, USD Million, 2017 – 2030)
– Foosball Tables
– Foosball Accessories
– Foosball Parts
2. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)
– Supermarkets & Hypermarkets
– Online
– Others
3. Type Outlook (Revenue, USD Million, 2017 – 2030)
– Standard
– Premium
4. Regional Outlook (Revenue, USD Million, 2017 – 2030)
– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa
Frequently Asked Questions
[Q]: What is the Potential of the Foosball Table Products Market?
[A]: The foosball table products market is expected to grow significantly over the forecast period, due to the increasing popularity of foosball tables in commercial and residential settings. The market is driven by the rising popularity of recreational activities in modern households, increased demand for multi-functional tables, and growing preference for designer-made tables. Moreover, the growing awareness of health and fitness, increasing disposable incomes, and the rising trend of recreational activities are expected to further drive the market growth.
[Q]: Who are the Key Players in the Foosball Table Products Market?
[A]: Some of the major players in the foosball table products market are Kettler USA, Inc., GLD Products, Lion Sports Inc., KICK, Garlando SRL, and Shelti, Inc.
[Q]: What are the Factors Driving the Foosball Table Products Market?
[A]: The factors driving the foosball table products market include the increasing popularity of foosball tables in commercial and residential settings, rising disposable incomes, growing awareness of health and fitness, and the rising trend of recreational activities.
[Q]: What are the Different Types of Foosball Tables?
[A]: The different types of foosball tables include coin-operated tables, mid-range tables, and professional tables. Coin-operated tables are suitable for commercial environments, while mid-range tables are suitable for residential use. Professional tables are used in professional tournaments and are the most expensive type of foosball table.
[Q]: What is the Market Outlook for the Foosball Table Products?
[A]: The foosball table products market is expected to register a CAGR of 4.9% during the forecast period of 2021 to 2026. This growth is attributed to the increasing popularity of recreational activities in modern households, increased demand for multi-functional tables, and growing preference for designer-made tables.
Research Methodology
Impact Analytix employs a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. The company utilizes a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. In Addition, a recurring theme prevalent across all our research reports is data triangulation which looks market from three different perspectives. Critical elements of the methodology employed for all our studies include:
Preliminary data mining
Raw market data is obtained and collated on a broad front. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. For a comprehensive understanding of the market, it is essential to understand the complete value chain and in order to facilitate this; we collect data from raw material suppliers, distributors as well as buyers.
Technical issues and trends are obtained from surveys, technical symposia, and trade journals. Technical data is also gathered from an intellectual property perspective, focusing on white space and freedom of movement. Industry dynamics with respect to drivers, restraints, and pricing trends are also gathered. As a result, the material developed contains a wide range of original data that is then further cross-validated and authenticated with published sources.
Statistical model
Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously. These factors are studied on a comparative basis, and their impact over the forecast period is quantified with the help of correlation, regression, and time series analysis. Market forecasting is performed via a combination of economic tools, technological analysis, industry experience, and domain expertise.
Econometric models are generally used for short-term forecasting, while technological market models are used for long-term forecasting. These are based on an amalgamation of the technology landscape, regulatory frameworks, economic outlook, and business principles. A bottom-up approach to market estimation is preferred, with key regional markets analyzed as separate entities and integration of data to obtain global estimates. This is critical for a deep understanding of the industry as well as ensuring minimal errors. Some of the parameters considered for forecasting include:
Market drivers and restraints, along with their current and expected impact
Raw material scenario and supply v/s price trends
Regulatory scenario and expected developments
Current capacity and expected capacity additions up to 2030
We assign weights to these parameters and quantify their market impact using weighted average analysis, to derive an expected market growth rate.
Primary validation
This is the final step in estimating and forecasting our reports. Exhaustive primary interviews are conducted, face to face as well as over the phone to validate our findings and assumptions used to obtain them. Interviewees are approached from leading companies across the value chain including suppliers, technology providers, domain experts, and buyers so as to ensure a holistic and unbiased picture of the market. These interviews are conducted across the globe, with language barriers overcome with the aid of local staff and interpreters. Primary interviews not only help in data validation but also provide critical insights into the market, current business scenario, and future expectations and enhance the quality of our reports. All our estimates and forecast are verified through exhaustive primary research with Key Industry Participants (KIPs) which typically include:
Market-leading companies
Raw material suppliers
Product distributors
Buyers
The key objectives of primary research are as follows:
To validate our data in terms of accuracy and acceptability
To gain an insight into the current market and future expectations
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