PICKLEBALL EQUIPMENT MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)
The pickleball equipment market is estimated to be valued at USD 612.2 Mn in 2024, exhibiting a CAGR of 14.6% over the forecast period (2024-2031). Pickleball has gained immense popularity in recent years as a recreational and competitive racquet sport played both outdoors and indoors. While originally created as a backyard pastime combining elements of tennis, badminton, and ping-pong, pickleball has rapidly evolved into a mainstream sport played by both casual players and serious athletes.
Market Dynamics
The global pickleball equipment market growth is driven by the rising popularity of the sport among all age groups. Growth in the number of pickleball clubs and public courts in countries has expanded the player base. Increasing investments by sports goods manufacturers to strengthen their pickleball product portfolios through R&D is another key growth driver. However, availability of cheaper alternatives using basic items like ping pong paddles, and whiffle balls acts as a restraint. Opportunities lie in penetrating untapped regional markets and augmenting product promotion through sponsorship of professional tournaments and player endorsements. The growing interest in pickleball has led to rising demand for specialized equipment needed to play the game including paddles, balls, and nets. Manufacturers are introducing innovative product designs and features to attract both new and experienced pickleball participants.
Key Features of the Study
- This report provides in-depth analysis of the global pickleball equipment market, and provides market size (USD Mn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global pickleball equipment market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Selkirk Sport, Paddletek, LLC, Engage Pickleball, LLC, Onix Sports, Inc., ProLite Sports, LLC, Gamma Sports (Gamma Sports LLC), HEAD USA, Inc. (HEAD Pickleball), Franklin Sports, Inc., Wilson Sporting Goods Co., and Prince Global Sports, LLC (Prince Pickleball)
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global pickleball equipment market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global pickleball equipment market
Market Segmentation
Market Segmentation
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