Air Hockey Table Market to Grow at 4.57% CAGR Driven by Rising Popularity of Air Hockey Tournaments to 2020
ReportsnReports.com adds Global Air Hockey Table Market 2016-2020 latest research report, the analysts forecast global air hockey table market to grow at a CAGR of 4.57% during the period 2016-2020.
Pune, India – April 27, 2016 /MarketersMedia/ —
The global air hockey table market analyst said growing popularity of air hockey has propelled vendors to innovate and update air hockey tables. A traditional air hockey table includes two goal gates. However, vendors have introduced air hockey tables with four goal gates. These tables are popular in arcades and have not yet been included in air hockey championships. Two, three, or four players can simultaneously play on these tables using their respective pucks. Players can join at any point of time in the game. The goal gates open only when the coin is inserted on that side, which prevents players from scoring on empty goal gates.
Complete report on air hockey table market spread across 55 pages, analyzing 4 major companies and providing 21 data exhibits is now available at http://www.reportsnreports.com/reports/533940-global-air-hockey-table-market-2016-2020.html.
According to the 2016 air hockey table market report, with the rising popularity of the game, many new players are showing interest in participating in air hockey matches and tournaments. This is expected to increase the sales of air hockey tables globally. Additionally, the absence of age barriers in the game also encourages new participants.
Recently, it has been observed that there has been an increase in the global construction of malls and theme parks. Since most of these malls and theme parks contain game arcades and game tables, the demand for air hockey tables will increase as it can be played by people of any age group. Furthermore, with the increase in disposable income, consumers are spending more money on house renovations. While renovating houses, most consumers prefer to install game rooms with game tables for billiards or air hockey. As air hockey tables require less space, many consumers are installing these gaming tables to entertain children as well as adults.
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Air hockey table market research analyst has estimated that the presence of eminent factors, such as the advent of four-player air hockey tables, will also spur the prospects for market growth until the end of 2020. A traditional air hockey table includes two goal gates but due to its increasing popularity, vendors have been compelled to introduce air hockey tables with four goal gates. These tables are very popular in arcades as multiple players can simultaneously play on these tables using their respective pucks. The four-player air hockey table by Barron Games has features like LED (Light-emitting diode) scoreboard and timer, USB ports, and chasing playfield LED lights. The incorporation of such features by vendors adds to the overall aesthetic appeal of the table and helps to gain the interest of the consumers.
Segmentation by product and analysis of the air hockey table market – Commercial and Residential
The commercial air hockey tables segment dominated this market during 2015 and accounted for a market share of more than 94%. Commercial air hockey tables are mostly installed in gaming arcades, shopping complexes, gaming zones, and other facilities for entertainment or leisure. The extensive use of commercial air hockey tables in world championships and tournaments will result in the strong growth of this market segment over the next few years.
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In this air hockey table market, analysts have estimated the North American region to be the highest revenue generating market segment during the forecast period. In this region, the recent increase in the organization of air hockey championships and tournaments will lead to the strong growth of the market during the estimated period. Comprehensive market research carried out by the analysts at air hockey table market in North America will generate revenue of over USD 162 million by the end of 2020.
The air hockey table market is highly competitive as most key players compete with each other to gain maximum market shares. The frequent product innovations and updates will help vendors to overcome competition and bolster revenues. The vendors that can take advantage of the growing demand for multi-purpose air hockey tables will gain a competitive edge over their peers.
Key players in the Global Air Hockey Table Market: Blue Wave Products, Brunswick Corporation, Gold Standard Games, and Valley-Dynamo.
Other Prominent Vendors in the market are: Barron Games International, Berner Billiards, Escalade Sports, Franklin Sports, GLD Products, Imperial International, and Playcraft Sport.
Further, the air hockey table market report states that as DIY air hockey tables are easy to construct and cost lesser than the commercially available table, price-sensitive end-users, especially in the US and Canada, are increasingly opting for DIY air hockey tables. This will affect the sales of air hockey tables and decline vendor profit margins as well as revenue during the forecast period.
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