Published Date : 12 Sep 19 | Views: 96 | Industry : Sports
Robustness Factor to Help the Wood Foosball Tables to Gain Greater Market Share
Features such as stability and robustness are making wood a preferred material among manufacturers over other materials. Also, its low cost as compared to other materials makes it popular among both manufacturers and consumers.
Sporting Goods Retails to Witness Increased Sales of the Foosball Tables
There has been a surge in the number of retail stores, particularly in emerging countries like India, China, and Brazil. This is, in turn, offering a growth opportunity for the foosball table manufacturers to link with the distributors in these countries and increase their revenue in the foosball table market. However, due to booming e-commerce industry and increasing penetration of internet, people are now-a-days opting for online channels to buy these foosball tables.
North America to Maintain its Lead in the foosball table Market
Presence of leading players in the region is having a major influence on the foosball table market growth in North America. It has been observed that foosball has emerged as a popular indoor recreational activity in US. This has raised the demand for foosball table in various countries such as US. Furthermore, organizations such as The International Table Soccer Federation and United States Table Soccer Federation are creating awareness pertaining to this sport in the region. Asia Pacific may witness significant growth in the upcoming years as the game is gaining traction in deveining countries of the region.
Players Having a Strong Foothold in the Global Foosball Table Market
Barron Games, Teckell, Bonzini USA, The Beck Companies, Berner Biliards, Carrom Company, RENÉ PIERRE, Shelti, Inc., Garlando Sports and Leisure, Great Lakes Dart Mfg. Inc., The Valley Dynamo Limited, Warrior Table Soccer, and Blue Wave Products, Inc. are some of the major manufacturers of foosball table in the global foosball table market. The key players of the market are taking up key strategies such as mergers and acquisitions, expansions, marketing investments, and technological innovations with an aim to gain a greater market share and expand their customer base. For instance, key companies such as Berner Billiards are making huge investments in marketing and advertisements to attract more customers and expand their base.
Awareness through Tournaments Held By Various Organizations to Play a Lead Role
Organizations from across the globe such as Federation of Table Soccer, India and China Table Soccer Federation are holding tournaments per week at various restaurants, sports complexes, and bars. This is leading to increased traction of the foosball, which is further driving the demand for the foosball table.
New Technology to Grab Attention of the Players: Yes! The Game is ON!
Market participants are introducing foosball tables with advanced technology features. This is increasing more interest among the foosball players and attracting them in order to try the new features. For instance, New Potato Technologies Classic Match Foosball for iPads was launched with the integration of the iPad’s sophisticated technology. Bluetooth Smart compatibility of the product makes it unique. In addition, Velocity Karts in Christchurch, New Zealand have established a custom-built human foosball arena. Such developments are anticipated to push the growth of the foosball table market.