Dublin, Jan. 11, 2024 (GLOBE NEWSWIRE) -- The "Pickleball Equipment Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028" report has been added to ResearchAndMarkets.com's offering.
The booming global pickleball equipment market, which amassed a notable USD 516.54 Million in valuation in 2022, is projected to climb at an impressive CAGR of 9.5% until 2028. This growth narrative reflects a sport ascending in popularity and a market ripe with opportunities for both investors and enthusiasts.
Driving Forces Behind Market Expansion
Several key drivers are fuelling the market's robust expansion. The simple yet engaging nature of the sport has captured the interest of a wide demographic, from the youth to older adults, making it a universal pastime. Innovations in equipment and increased attention from established sports brands are further enhancing the market's dynamic. Additionally, the sport's progression into organized and competitive play is stoking a demand for specialized gear, pushing the boundaries of technology in pickleball equipment.
North America Leads in Demand for Pickleball Equipment
With a unique positioning in the global market, North America stands at the forefront of the pickleball revolution. The region's market demand reflects an ever-growing community of pickleball players, encouraged by supportive infrastructure and a thriving culture of organized play.
The trend of pickleball's ascent in North America is a testament to the sport's expanding influence and is anticipated to remain a significant contributor to the market's global success.
Key Insights into Market Segments
- Paddles emerge as a central product segment with advancing technologies in design and materials.
- E-commerce and online sales channels flourish, providing players with a plethora of options and unparalleled convenience.
Technological Innovations Redefine Equipment Standards
Advancements in the material and design technologies for paddles are setting new performance benchmarks in the pickleball equipment market. Players seek cutting-edge products to enhance their game, prompting manufacturers to elevate the quality and features of their offerings. These ongoing advancements are expected to be pivotal in supporting market growth.
Emerging Trends in the Pickleball Equipment Industry
An array of emerging trends is shaping the future of the pickleball equipment market. The eco-friendly shift sees manufacturers exploring sustainable materials and production methods, with a clear consumer leaning towards environmentally conscious products.
Online retail channels continue to thrive, reflecting a digitized consumer base that favors convenience and extensive selection.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 178 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value (USD) in 2022 | $516.54 Million |
| Forecasted Market Value (USD) by 2028 | $894.21 Million |
| Compound Annual Growth Rate | 9.5% |
| Regions Covered | Global |
Report Scope:
In this report, the Global Pickleball Equipment Market has been segmented into the following categories:
Pickleball Equipment Market, By Product:
- Paddles
- Balls
- Others
Pickleball Equipment Market, By Distribution Channel:
- Offline
- Online
Companies Profiled
- Franklin Sports
- Gamma Sports
- HEAD N.V
- Manta World Sports
- Onix Sports (Escalade Sports)
- PAC Pickleball Paddles
- Paddletek
- Pickle-Ball Inc
- Pro-Lite Sports
- Selkirk Sport
For more information about this report visit https://www.researchandmarkets.com/r/esz145
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