Pickleball Equipment Market

Pickleball Equipment Market Snapshot

The global Pickleball Equipment Market garnered a market value of US$ 65.64 Billion in 2022 and is expected to accumulate a market value of US$ 155.4 Billion by registering a CAGR of 9% in the forecast period 2023 to 2033. The growth of the market can be attributed to an increasing global population, rapid urbanization, and growing disposable income levels. The market registered a CAGR of 5% in the historical period of 2018 to 2022.

The global pickleball equipment market is on track to witness mounting growth over the coming years, as a result of increasing popularity of pickleball in Europe and the emergence of new market opportunities in the Asia Pacific region.

The pickleball equipment market is more consolidated in Europe and North America due to the high number of players in these regions. This market is primarily driven by trends in the sports industry, increasing number of pickleball clubs, and rising number of professional players.

However, the media does not play any role with respect to pickleball games and tournaments. This has resulted in limited popularity of pickleball in Asia Pacific and the Middle East & Africa. Most individuals are seen to be indulging in pickleball as a recreational hobby or a modern sport for fitness. Increasing adoption of digital platforms for ensuring global presence and regional availability has provided a boost to the expansion of the pickleball equipment market size.

Furthermore, IFP (International Federation of Pickleball) aims at pushing the pickleball sport in the Olympics. This could prove to be an immensely advantageous factor for the growth of the sport, as the Olympics is a world-renowned sports event. These aforementioned factors would facilitate the growth opportunity for the pickleball equipment market, which is projected to rise at a CAGR of 9% in terms of value over the forecast period 2023 to 2033.

Report Attribute	Detail
Anticipated Base Year Value (2022)	US$ 60.22 Billion
Expected Market Value (2023)	US$ 65.64 Billion
Projected Forecast Value (2033)	US$ 155.4 Billion
Global Growth Rate (2023 to 2033)	9% CAGR
Expected Market Share of North America Market (2023)	40%
Expected Market Share of Asia Pacific (2023)	25%
Major Pickleball Equipment Service Providers	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

Sales Analysis of Pickleball Equipment (2018 to 2022) Vs. Market Forecast Outlook (2023 to 2033)

According to Fact.MR, the Pickleball Equipment market registered a CAGR of 5% in the historical period 2018 to 2022. The spread of coronavirus has crippled the entire world. Nearly all countries have imposed lockdowns and strict social distancing measures. This has resulted in the disruption of supply chains across geographies. These factors have significantly impacted the demand for pickleball equipment, at least in the short term.

However, in the long term, the impact on the pickleball equipment market is expected to be significantly low. The market is expected to continue its upward trajectory over the coming years. Thus, the market for Pickleball Equipment is expected to register a CAGR of 9% in the forecast period 2023 to 2033.

Which are Some Prominent Drivers of Pickleball Equipment Market?

Corporate Sponsorships to Lead to Immense Growth

Competitive paddles used in pickleball are constructed from a high-tech composite. An official pickleball is made of plastic and is between .78 to .935 ounces and 2.874 to 2.972 inches in diameter. There are no color restrictions other than the ball must be a single, consistent color. USA Pickleball has tested and approved several outdoor and indoor balls for official tournament play.

Corporate sponsorships in pickleball leagues are causing a large amount of capital inflow, which is making pickleball a prominent sport. This is also causing a large number of sports equipment companies such as Pickleball Inc. and Asics Corporation to make products for pickleball. Sponsorships for pickleball sports are offering investors several marketing opportunities to increase promotion and reach a broader audience.

For instance, in July 2020, the French Tennis Federation (Tennis Tournament Organizers) and HEAD announced a renewed partnership agreement until 2020. The company is the official ball supplier and stringing partner of Rolex Paris Masters. It provides stringing services for players and supplies HEAD tour balls for the tournament.

Furthermore, as per studies, Pickleball grew in 2021 to 4.8 million players in the US, according to the 2022 Sports & Fitness Industry Association (SFIA) Single Sport Report on Pickleball. SFIA is the premier trade association for top brands, manufacturers, retailers and marketers in the American sporting goods and fitness industry.

What are the Challenges Faced by the Pickleball Equipment?

Expensive nature of pickleball equipment hindering market growth

High cost of product along with extreme heaviness is acting as a market restraint for the growth of the market in the above-mentioned projected timeframe.

Country-wise Forecast CAGRs for the Pickleball Equipment Industry

Country	CAGR
U.S.	8%
Canada	7%
China	8.5%
India	6%

Category-Wise Insights

By product, which segment is highly benefitting the market growth?

Paddles used in pickleball benefitting the sales of the market

On the basis of products, the global industry has been divided into Paddles, Wood, Graphite & Composite, Balls, Indoor Play, Outdoor Play and Accessories

Pickleball is seen as one of the fastest-growing sports in recent years. According to the Sports & Fitness Industry Association’s (SFIA) 2018 pickleball participant report, pickleball currently has 2.92 million players in the U.S. alone.

Paddles used in pickleball are expected to account for nearly two-third of the pickleball equipment market share with respect to value, and 20% with respect to volume. Furthermore, the market for pickleballs is expected to create a value opportunity of US$ 120 Mn over the forecast period.

By Sales Channel, which segment is propelling massive growth?

Independent sports outlets increasing to propel market growth immensely

The choice of purchasing pickleball equipment through diversified retail channels is creating new growth avenues for pickleball equipment market companies. Availability of leading pickleball equipment brands across e-Commerce platforms has been of particular significance.

This is not only catering to demand in developing countries from tier-I and tier-II cities but has also penetrated new demographics. Independent sports outlets for selling pickleball equipment are set to expand at an impressive CAGR of 9.5% from 2023 to 2033.

By Buyer, which type of buyer is helping the market grow positively?

Individual Buyers to surge the demand for pickleball equipment

Individual buyers for pickleball equipment are expected to account for more than half of the market share by 2033-end. With the increasing number of regional players in Europe and North America, promotional activities with respect to pickleball equipment are gaining traction. This surge in promotional activities has led to a mounting number of promotional buyers. The market for promotional buyers for pickleball equipment is poised to expand at a CAGR of 7.5% during 2023 to 2033.

Institutional buyers in the pickleball equipment market are projected to gain momentum and create an absolute $ opportunity of US$ 163 Mn during the forecast period. This segment is estimated to account for 38% revenue share of the global market by 2033-end.

Start-Ups for Pickleball Equipment Market

Key start-up players in the Pickleball Equipment market include -

• Baddle, the rapidly growing pickleball brand from OvareVentures, is expanding its portfolio with three new pickleball paddle designs featuring a proprietary SpinGrit™ surface coating. The extra-roughened SpinGrit coating on the surface of the paddle gives greater durability, better ball control and helps players unlock a new level of spin.
• Nettie Pickleball Co. is a leading pickleball equipment startup. Nettie’s paddles were front and center on an April episode of "The Drew Barrymore Show," when Barrymore and co-host Ross Mathews tried their hand at pickleball. More recently, Nettie was named the "Best New Pickleball Brand” by Men's Health Magazine; Baxter was featured in a Glamour article titled, “Women Are Leading Pickleball’s Big Boom;” and the paddles were listed as a “best gift” in a newsletter published by former “Today” host Katie Couric.

Market Competition

The industry is characterized by the presence of a few established players and new entrants. Key companies are diversifying their product offering to maintain their share and position in the global industry. Some of the key developments include-

• USA Pickleball approved the first-ever open throat design of a pickleball paddle in May, 2021. KitchenPro President and Co-founder, Gregg Brents, proudly introduced this new, revolutionary design into competition in June, 2021.

KitchenPro officially launched its two models, the BRUTALE FG (Fiberglass face) and BRUTALE CF (Carbon fiber face) on January 18th in Boca Raton, FL at the Association of Pickleball Professionals (APP) Boca Raton Masters Pickleball Tournament. KitchenPro's new patent pending design includes the first tubular carbon fiber frame with an open throat below the playing surface of the paddle, similar to the current tennis racquet design.

The primary advantage of this design is to enhance the structural integrity and reliability of paddles which are inherently weak in the neck and handle areas. The open throat also provides a quicker swing speed due to slightly less wind resistance, thus resulting in more power.

Key Segments Profiled in the Pickleball Equipment Industry Survey

• By Product :

  • Paddles
  • Wood
  • Graphite & Composite
  • Balls
  • Indoor Play
  • Outdoor Play
  • Accessories

• By Sales Channel :

  • Independent Sports Outlets
  • Franchised Sports Outlets
  • Modern Retail
  • Online Retail

• By Buyer :

  • Individual
  • Institutional
  • Promotional

• By Region :

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • MEA