PUBLISHER: Orion Market Research | PRODUCT CODE: 1215697
PUBLISHER: Orion Market Research | PRODUCT CODE: 1215697
Title:Global Automatic Mahjong Table Market Size, Share and Trends Analysis Report, By Type (Plastic, Wood, Aluminum, and Others), and By Application (Residential and Commercial), Forecast Period (2022-2028).
The global automatic mahjong table market is anticipated to grow at a CAGR of 5.6% during the forecast period. The global market growth is being driven by some emerging trends which include the growing popularity of automatic mahjong table games in major economies such as the US and China and significant investments by manufacturers in new technology for the development of new products.
The global automatic mahjong table market is segmented based on type and application. Based on type, the market is sub-segmented into plastic, wood, aluminum, and others. Among these, the plastic segment is predicted to hold a considerable market share during the forecast period. Whereas aluminum is likely to be the fastest-growing segment owing to the adoption of aluminum for making fordable automatic mahjong tables by manufacturers in the market. Based on application, the market is further sub-categorized into residential and commercial.
Geographically, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific is the fastest-growing region in the global automatic mahjong table market. China, India, and Japan are the major contributors to market growth.
The major market players in the global automatic mahjong table market include Hangzhou Zhaofeng Entertainment Co. Ltd. (AOTOMO), Jiangsu Danbom Mechanical & Electrical Co. Ltd., Mose Cafolo, SgAutoMahjong.sg Pte Ltd., Treyo (Matsuoka Mechatronics (China) Co., Ltd.), and USA MJ Table. The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market.
Research Methodology
The market study of the global automatic mahjong table market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives as possible, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include:
The report provides an in-depth analysis of the market size and intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers: