The global pickleball equipment market will record a stellar CAGR of 10% during the forecast period (2020-2030). The growing popularity of pickleball in the Europe market and the rise of new market prospects in the APAC region is the prime factor boosting the market growth. The market is more consolidated in North America and Europe because of the high number of companies in these regions.
"Experimental buying habits of intermediate and beginners players have boosted the pickleball paddles sales, further prompted by novel product launches along with differentiated offerings." says a Fact.MR analyst.
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Pickleball Equipment Market - Key Takeaways
- By product, the paddles category will be accounting for two-thirds of the overall market share, during 2020-2030.
- In terms of sales channel, the sales through independent sports outlets for pickleball equipment are poised to increase at a striking CAGR of 9.5% during 2020-2030.
- In terms of buyer, the individual buyers will hold over 50% of the overall market share over the assessment period.
- Europe, led by the UK will foresee the most lucrative region throughout the projected period.
Pickleball Equipment Market - Drivers
- A growing number of professional players and pickleball clubs are generating market prospects.
- The growing acceptance of digital platforms ascertaining regional availability and global presence is boosting the market expansion.
- Increasing affluent and aspiring households have amplified their expenditure on equipment for various outdoor and indoor sports, thus potentially boosting the market demand.
Pickleball Equipment Market - Constraints
- Media does not endorse pickleball tournaments and games, this has ensued in its limited popularity in APAC and the MEA.
- The availability of cheap pickleball equipment might hamper market growth.
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Anticipated Market Impact by COVID-19 Outbreak
The pickleball equipment market has been notably affected due to the COVID-19 outbreak. Imposed lockdown and stringent social distancing measures have ensued in the diminished activity and supply chain disruptions, across nations. However, the market is likely to experience an upward trajectory in the approaching years.
Competition Landscape
Major companies operating in the global pickleball equipment market are ASICS, HEAD N.V., Adidas A.G., GAMMA Sports, Babolat, and Pickle-Ball Inc. Companies in the market are seeking for sponsoring pickleball tournaments for the branding and promotion of their products to expand their market reach.
More on the Report
The Fact.MR's market research report provides in-depth insights into the pickleball equipment market. The market is scrutinized on the basis of product (paddles, balls, and accessories), buyer (individual, institutional, and promotional buyers), and sales channel (independent sports outlets, franchised sports outlets, modern retail, and online retail), across seven major regions (North America, Europe, East Asia, South Asia, Oceania, Latin America, and Middle East & Africa (MEA).
Media Release: https://www.factmr.com/media-release/1671/global-pickleball-equipment-market
The study on the global pickleball equipment market provides granular assessments of key growth dynamics and opportunities in the market.
These include a comprehensive analysis of the regulatory and strategic landscape during the historical period on the global level and across numerous regions.
Fact.MR offers data-driven insights through the pickleball equipment market sizing and projections of various segments—shares and size—during the forecast period.
The insights offered in the report are aimed at guiding companies and players to identify new growth avenues, winning imperatives, and untapped regional markets.Prospects of the pickleball equipment market will continue to be optimistic, as the sport witnessed continued rise in popularity among the aging demographic, slates a recent Fact.MR report.
The report envisages an august 8.9% value CAGR for the pickleball equipment market over the period of forecast, 2018 to 2028.
In light of pickleball sport’s uptake of popularity, several parks and recreational departments have been integrating the sport into their programs, which in turn is influencing participation and associated-equipment sales.Interested market participants and readers can peruse the global market KW report to get insights into and evaluation of:Key growth drivers and restraints, trends and opportunities, and major challenges influencing the adoption rate of offerings by various players in the pickleball equipment marketMajor research and product development projectsPromising technologies and favorable regulations in key regionsSegments that will lose or gain shares in the next few yearsValue chain of key vendors and manufacturersRequest for the Sample of the Report: https://www.factmr.com/connectus/sample?flag=S_id=810The pickleball equipment market report provides estimations and the market sizing and prospects of various regions.
The new report on the Pickleball Equipment market provides estimations of the size of the global market and share and size of key regional markets during the historical period of 2015 – 2019.
Exploiting untapped markets and inclusion of pickleball at the Olympics could result in opening up numerous opportunities for the pickleball equipment market during the forecast period (2020-2030), which is projected to expand at a CAGR of 10% through 2030.
The business intelligence study offers readers a granular assessment of key growth dynamics, promising avenues, and the competitive landscape of the Pickleball Equipment market.The novel Coronavirus (COVID-19) has caused a slowdown in business activities of the Pickleball Equipment Market.
With the help of our upcoming report, market players can gain important insights on alternative strategies that can help in revenue generation.
The key regions comprise the following geographical segments:North America (U.S., Canada)Latin America (Brazil, Mexico, Argentina, Rest of Latin America)Europe (Germany, Italy, France, U.K., Spain, Benelux, Russia, Rest of Europe)East Asia (China, Japan, South Korea)JapanAPEJ (China, India, Indonesia, Thailand, Singapore, Australia & New Zealand, Rest of Asia Pacific)South Asia & Oceania (India, Thailand, Indonesia, Malaysia, Australia & New Zealand, Rest of South Asia & Oceania)Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa, Rest of Middle East & Africa)The detailed assessments focus on, inter alia, on the regulatory and macroeconomic frameworks, prevailing pricing structure, imminent investment pockets, and emerging application areas.
Taking the analysis further, the study helps readers get a better understanding of the trends characteristics of the emerging markets, including government regulations crucial to growth of such markets.
This study offers data about the prime regions operating in the Pickleball Equipment Market, along with their production, consumption, revenue and market share details.
Perceived as a threat by tennis industry professionals, pickleball continues to gain high traction among the aging demographic, particularly in developed nations of North America and Europe.
On the coattails of the pickleball’s uptake of popularity, several recreation departments and parks are incorporating the sport in their programs, thereby influencing participation and equipment sales.Easy-to-play rules of pickleball, similar to those of ping-pong, has attracted more individuals toward the sport, from beginners who want to learn new sports to seasoned players who crave the thrill of a competitive play.
As the court of pickleball is compact, smaller than that of a tennis court, the gameplay makes participants to play in close proximity, and enables them to have proactive conversations during the play.
These unofficial yet extensive approval lists will continue to influence pickleball paddle developments in the near future.Pickleball is witnessing a boom, with nearly 40% increase in the sport’s participation in the U.S. alone, according to the USA Pickleball Association (USAPA).
With the rise in pickleball’s popularity, companies are eyeing to capitalize on latent opportunities that the sport holds.
A recent study on the global Pickleball Equipment market has projected the revenues to rise to the worth of ~US$ 290 Mn by 2030.
The report highlights the key growth drivers and trends that will contribute to the growth momentum of the market.
It provides a comprehensive insight into the shares and sizes of the various segments in each year of the forecast period.
The assessment of the growth dynamics in the Pickleball Equipment market cover the year-over-year growth of key geographies, and the incremental opportunities in numerous key countries.
A comprehensive evaluation of recent investments by top players in the Pickleball Equipment market helps identify major research and development initiatives in the key regional markets.
The various assessments on the competitive landscape focus on the intensity of competition, entry barriers, PESTLE analysis, and key winning imperatives.
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