Advancements in electronic dartboards attract tech-savvy recreational players, states Fact.MR
Advancements in electronic dartboards attract tech-savvy recreational players, states Fact.MR
According to Fact.MR, a market research and competitive intelligence provider, the global Dartboard Market is estimated to reach a valuation of US$ 1,386.9 million in 2024 and is expected to grow at a CAGR of 4.7% during the forecast period of 2024 to 2034.
The global dartboard industry has been able to grow steadily because of the increasing desire for leisure activities, home entertainment and more acceptance of darts as a sport. The dartboard market is segmented into various types such as traditional bristle boards, electronic boards, and magnetic boards among others to meet the needs of different kinds of customers with varying levels of expertise. In terms of market dominance, they are kind of on top about durability, and self-healing ability and are often used in professional settings.
The usage pattern makes them more popular with serious players hence always maintaining the demand for them. Nevertheless, electronic dartboards have gained acceptance, especially in North America and Europe where they offer interactive features along with automated scoring thus making them best suited for casual play as well as competition because it accommodates multiple players. The magnetic ones however attract children or novices thereby becoming part of niche markets that require safety aspects.
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Geographically, in some areas such as Europe, North America, and Asia-Pacific, the market is growing at an exponential rate due to the increased purchasing power of consumers, higher number of dart clubs and bars as well as better acceptance of darts in visual presentation form (television). Additionally, some advancements in technologies have led to the development of computerized dartboards which come with mobile apps for an improved user experience thus attracting more technologically adept customers.
Some geographical locations showing exceptional demand trends for these products include Europe having the highest affordability levels among continents followed by North America where numerous dart clubs/bars are concentrating mainly on televised darts tournaments. This upward trend can also be observed elsewhere within such countries like Australia whose people are attracted to such sporting events in ever-increasing numbers. The applicability of technology has also influenced this sector’s development with the inclusion of smart dartboards that link up to different applications hence granting users much better experiences thereby attracting those who are quite familiar with advancing technologies.
Leading Players Driving Innovation in the Dartboard Market:
The key players in the infant dartboardindustry include Arachnid, Inc.; Cavalierdarts; Cuesoul; Dart World; Dynasty Darts; GLD Products; Nodor; Omni Redco; ONE80; Target; Unicorn; Winmau Darts; Other Prominent Players.
Dartboard Industry News & Trends:
Key Takeaways from the Dartboard Market Study
The global dartboard market is projected to grow at 4.7% CAGR and reach US$ 2,197.8 million by 2034. The market created an opportunity of US$ 810.9 million between 2024 to 2034. North America is a prominent region that is estimated to hold a market share of 20.6% in 2034.
Predominating market players include Winmau Darts, Unicorn & Target Sports Limited
Electronic type of dartboards is estimated to grow at a CAGR of 4.7% creating an absolute $ opportunity of US$ 460.6 million between 2024 and 2034. Manual (traditional) type of dartboard under scoring system is expected to reach around US$ 1,474.4 million by the of 2024
“Growth in pub culture fuels dartboard installations in social venues”,says Fact.MR analyst.
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Development by Market Players in Dartboard Market
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global dartboard market, presenting historical data for 2019 to 2023 and forecast statistics for 2024 to 2034.
The study reveals essential insights on the basis of Dartboard Type (Bristle Dartboards, Electronic Dartboards, Coiled Paper Dartboards, Wooden Dartboards, Cork Dartboards, Magnetic Dartboards), Scoring System (Manual, Automatic), Sales Channel (Offline Sales, Online Sales) across major regions of the world (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia and Pacific, Middle East & Africa).
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A dartboard is a circular board used in the game of darts, where players throw darts at it to score points. It can be made from various materials, including bristle, electronic components, or magnetic materials.
CAGR stands for Compound Annual Growth Rate. It is a useful measure that describes the mean annual growth rate of an investment over a specified time period, assuming the investment grows at a steady rate.
Electronic dartboards are advanced dartboards that automatically score the game and often include features like sound effects and interactive gameplay, making them popular for casual play and competitions.
Market segmentation is the process of dividing a broad consumer or business market into sub-groups based on shared characteristics. This helps companies target specific audiences more effectively.
Market share is the percentage of an industry's sales that a particular company controls. It is a key indicator of a company's competitiveness and market position.
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