Pickleball Paddle Market has been driven by the rise in interest in people playing sports. People are willing to keep themselves healthy with the help of sports with the rise in awareness about the importance of health. There are more competitions in the indoor games which make people follow their interest more rather than just keeping it as a hobby.
As more individuals are eager to participate in sports like badminton, table tennis, and tennis, there is a need to expand the market. Pickleball paddle demand has increased as a result. Other factors driving the demand for pickleball paddles are their low cost and ease of smart learning.
Pickleball Paddle Market offers a number of wonderful advantages, like enhancing people's physical health. It aids individuals in both enjoying life and overcoming emotional distress like despair. Individuals may engage and mingle with new people thanks to it.
Pickleball Paddle is a paddle sport that incorporates aspects of tennis, badminton, and table tennis. The solid paddles are used by two or more players and are made of wood or composite materials in order to hit a perforated polymer ball which is similar to a waffle ball, over a net. It keeps in knowledge about the dimensions of the court along with its layout, and rules.
In 2021, the size of the market of Pickleball Paddle Market is USD 152.9 Billion whereas it has been predicted that the size of the market of Pickleball Paddle Market by 2031 will be USD 258.2 Billion and the expected Compound Annual Growth Rate (CAGR) is 7.91% in the upcoming years of the forecast period.
There are some limitations for the Pickleball Paddle market such as the high cost of the product which hinders the growth of the market, Also, these products are heavy in weight which also hampers the growth of the market and makes demand less than expected.
The study report gives an analysis with full details of various leading Pickleball Paddle Market vendors, which involve Escalade, Pro-Lite, Manta World Sport, Paddletek, Gamma, Head, Selkirk Sport, Engage, Performance One Paddles, Franklin, Pickleball Central. Likewise, the research study of the Pickleball Paddle Market contains details on trends that are upcoming, opportunities, scope, and extortions that will hamper the procedure of the market or firm. This research study is full of data and information in order to give sustenance to firms to misuse and strategize on any upcoming opportunities which are linked to the growth of the market.
Segment Analysis
Pickleball Paddle Market by Product (Paddles Segment)
Based on the Product, it has been evaluated that the segment of paddles holds a major part of the market and it is expected to rise in the upcoming years of the forecast period. This segment is rising as these paddles are used in the production of pickleball at a high rate and their contribution in this market is two-thirds of the whole market.
Pickleball Paddle Market by Application (Franchised Sports Segment)
Based on the Application, it has been evaluated that the segment of franchised sports holds a major part of the market and it is expected to rise in the upcoming years of the forecast period. This segment is rising as instead of a particular brand shop, they are available in almost every area which makes it easy for the customers. They do not have to travel long distances and can buy from the nearby store. This helps to increase the share of the franchised segment in the market.
Pickleball Paddle Market based on Region
Evaluation has been done and it is stated that the North American region holds the major part of the market and it is expected to grow in the upcoming years of the forecast period. This region has more participants in sports who usually take part in various competitions. This makes the rise in demand for pickleball paddles in North America. Also, there is a rise in industries that produce this due to which the region is rising at a fast and continuous rate.
Covid-19 Impact & Market Status
It has been observed that COVID- 19 had a huge effect on all the markets and it even affected the behavior of the consumer on the basis of the whole world. Likewise, COVID-19 had an influence on the Pickleball Paddle market. Due to the global lockdown, there was an overall decline in the market as all the activities of construction were shut up. Due to the shutting down of industries, there was no demand for Pickleball Paddles which made its market fall on a huge scale. This led to heavy losses in the industry. People preferred to save their money and they only preferred things that were necessary for survival.
Latest Innovations in the Pickleball Paddle Market: A Snapshot
• In May 2021, there was approved of first-ever open-throat design of pickleball by USA Pickleball. This design was introduced by the president of KitchenPro and Gregg Brents.
The aim of trade research analysis is to provide lessons that are reliable and trustworthy on the Pickleball Paddle Market. The research study has uncovered intricate data and also shows the current and historical status of the industry, together with predicted market drifts and expected market size. The stated study, which also comprises industry leaders, investors, customers, and new entrants, has acknowledged all the descriptors of the sector.
Pickleball Paddle Market Scope
Metrics | Details |
Base Year | 2023 |
Historic Data | 2018-2022 |
Forecast Period | 2024-2031 |
Study Period | 2018-2031 |
Forecast Unit | Value (USD) |
Revenue forecast in 2031 | USD 258.2 Bn |
Growth Rate | CAGR of 7.91 % during 2021-2031 |
Segment Covered | Type, Application, By End-use, Regions |
Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
Key Players Profiled | Escalade, Pro-Lite, Manta World Sport, Paddletek, Gamma, Head, Selkirk Sport, Engage, Performance One Paddles, Franklin, Pickleball Central |
Key Segments of the Global Pickleball Paddle Market
By Type Overview, 2021-2031 (USD Billion)
• Polymer Core
• Nomex core
• Aluminium Core
• Others
By Application Overview, 2021-2031 (USD Billion)
• Brand Outlets
• Franchised Sports Outlets
• E- Commerce
• Other
By Product Overview, 2021-2031 (USD Billion)
• Paddles
• Wood
• Graphite and Composite
• Balls
• Indoor Play
• Outdoor Play and Accessories
By Regional Overview, 2021-2031 (USD Billion)
North America
• U.S
• Canada
Europe
• Germany
• France
• UK
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• Rest of Asia Pacific
South America
• Mexico
• Brazil
• Rest of South America
Middle East and Africa