Pickleball is the fastest-growing sport in America, with over 4.8 million people playing the game.
However, its rapid growth has caused some growing pains, stemming from competing professional leagues, managing hundreds of tournaments, a lack of courts to meet demand and channeling the flood of investments.
By 2030, pickleball is projected to attract an estimated 40 million players across the globe, with even more investors jumping in looking to cash in on the craze. Pickleball has existed since 1965, but it wasn't until people were looking for a participatory sport during the pandemic that its popularity soared. From 2016 to 2019, pickleball grew an average of 7.2% annually in the U.S. from 2.8 million players to 3.5 million, but that growth skyrocketed 39.3% from 2020 to 2021, with 4.8 million Americans playing the racket sport. And over the past five years, pickleball saw an average annual growth of 11.
That surging popularity has led to a spate of team investments and growing equipment sales, with the pickleball paddle market size expected to grow 68% from $152.8 million in 2021 to a forecasted $256.1 million by 2028, according to Absolute Reports.
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