Pickleball is growing in leaps and bounds and as its popularity continues to soar across the globe, its market growth is also poised for an exponential rise. According to a research article published by Market.US News,
Pickleball is set to grow —from $1.5 billion in 2023 to a staggering $4.4 billion over the next decade ( i.e. by 2033). With an impressive compound annual growth rate (CAGR) of 11.3%, this surge highlights the sport's growing appeal across various demographics and its expanding presence in communities worldwide.
Factors Fueling The Growth Of Pickleball
Inclusivity and Accessibility: This is one of the main reasons behind the growth of pickleball as a sport as it appeals to one and all across all age groups. Unlike quite a few other forms of sports, pickleball doesn’t need exceptional athleticism or specialized equipment.
Low-Impact: Pickleball is a low-impact sport, so there is less stress on the joints. This makes it an ideal option for those who are wary of injuries.
Popularity rise: Pickleball’s popularity has steadily increased in recent years. This increased demand has led to significant growth in the pickleball market.
Professional Leagues and Tournaments: Various professional leagues and tournaments have mushroomed across the globe, simultaneously attracting new players.
Pickleball has also captured the imagination of people in India in the past few years. As per recent data, the popularity of pickleball in India has skyrocketed, with a remarkable 159 per cent increase in the number of players from 2019 to 2022.
According to insights from Hudle, a leading sports platform, the number of people showing interest in Pickleball has been rising consistently. "When we look at our data on our platform, we feel that it's going to become a household activity over the next five years," says Suhail Narain, the founder and CEO of Hudle, a sports-tech platform.
"It will not be an elite or an urban sport only. We're seeing people play Pickleball not just in big cities but also in smaller towns.
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