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According to the latest research, the global Padel Sports market size was valued at USD 190.55 million in 2022 and is expected to expand at a CAGR of 17.46% during the forecast period, reaching USD 500.54 million by 2028.
Padel is a racquet sport that combines the elements of tennis, squash and badminton. As a game, it is very similar to tennis, with the same scoring system and similar balls, but with less pressure. The main difference is that it can only play doubles, there is a fence on the court, it can play the ball like squash, and it uses a strong cordless racket. The height of serving must be equal to or lower than the waist height.
Decrease in physical activity under Covid-19
Because going out to participate in sports activities usually involves a wide range of people and great mobility of personnel. In order to resolutely curb the spread of pneumonia in COVID-19 and ensure people's safety and health. Basically, various regions have taken measures to strictly strengthen prevention and control, and closed clubs and stadiums to avoid the risk of cross-infection caused by the concentration of personnel, which led to the reduction of sports activities and adversely affected the development of Padel Sports market.
Easy to play & addictive
Padel scores are the same as ordinary tennis, and the ball used is similar, but the pressure is less. In addition, using a short racket can make the ball easier to control, and the speed of the ball will not be like tennis. And with underhand servings, the frustration level is cut in half because you're not double-faulted. Therefore, it is easier to get started than tennis, and new players can quickly participate in sports. However, it also has some difficulties. Because the stadium is surrounded by glass walls and fences, the ball rarely stops playing, which creates a longer rebound time, making it harder to score points only by brute force.
The market stickiness of padel movement needs to be improved
Modern life has a tight pace, high pressure in work and life, and limited time for social and multiplayer games. As a confrontational ball game, padel requires multiple players to participate in the game. Some players may choose to abandon this sport due to time and number restrictions.
At the same time, padel is a relatively young sport and has a relatively small following compared to other sports such as football, tennis and badminton, which are under threat from other markets. Therefore, it is still necessary to vigorously publicize this sport, expand the coverage of its followers, increase the market viscosity and highlight its unique market place in the Sports market.
Region Overview:
In 2022, the share of the Padel Sports market in Europe stood at 70.28%.
Company Overview:
Wilson Sporting Goods is one of the major players operating in the Padel Sports market, holding a share of 19.03% in 2022.
Segmentation Overview:
Among different product types, Padel Racquet segment is anticipated to contribute the largest market share in 2027.
Padel Racquets
Padel is played using a padel racket. The original padel rackets were made from wood, but modern padel rackets are made from composite materials. The face of the padel racket is perforated by a pattern of holes.
Padel Balls
Padel ball is similar to tennis, but padel ball should measure between 6.35 and 6.77 cm, it should weight between 56.0 and 59.4 grms, with respect to the bounce, it should measure between 135 and 145cm when let fall onto a hard surface from a height of 2.54m. The ball must have an internal pressure of between 4.6kg and 5.2kg per 2.54 sq cm.
Application Overview:
The market's largest segment by application is the segment Online, with a market share of 50.2% in 2022.
This report elaborates on the market size, market characteristics, and market growth of the Padel Sports industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Padel Sports. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Padel Sports Market Report Include:
Market Size Estimates: Padel Sports market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Padel Sports market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Padel Sports market
Segment Market Analysis: Padel Sports market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Padel Sports market situations and prospects in major and top regions and countries
Padel Sports Market
Padel Sports Industry Chain: Padel Sports market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Padel Sports Industry News, Policies by regions
Padel Sports Industry Porters Five Forces Analysis
Key players in the global Padel Sports market are covered in Chapter 2:
Bullpadel
Vibora Padel
Prince Sports
Tecnifibre
ProKennex
Shooter
Royal Padel
Varlion
StarVie
Adidas
NOX Sport
Head
Wilson Sporting Goods
Dunlop Sport
Babolat
In Chapter 6 and Chapter 9, on the basis of types, the Padel Sports market from 2018 to 2028 is primarily split into:
Padel Racket
Padel Ball
In Chapter 7 and Chapter 10, on the basis of applications, the Padel Sports market from 2018 to 2028 covers:
Online
Offline
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Padel Sports market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Padel Sports industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Padel Sports market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Padel Sports industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Padel Sports market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Padel Sports market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Padel Sports market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
2022
Padel is a racquet sport that combines the elements of tennis, squash and badminton. As a game, it is very similar to tennis, with the same scoring system and similar balls, but with less pressure. The main difference is that it can only play doubles, there is a fence on the court, it can play the ball like squash, and it uses a strong cordless racket. The height of serving must be equal to or lower than the waist height.
Decrease in physical activity under Covid-19
Because going out to participate in sports activities usually involves a wide range of people and great mobility of personnel. In order to resolutely curb the spread of pneumonia in COVID-19 and ensure people's safety and health. Basically, various regions have taken measures to strictly strengthen prevention and control, and closed clubs and stadiums to avoid the risk of cross-infection caused by the concentration of personnel, which led to the reduction of sports activities and adversely affected the development of Padel Sports market.
Easy to play & addictive
Padel scores are the same as ordinary tennis, and the ball used is similar, but the pressure is less. In addition, using a short racket can make the ball easier to control, and the speed of the ball will not be like tennis. And with underhand servings, the frustration level is cut in half because you're not double-faulted. Therefore, it is easier to get started than tennis, and new players can quickly participate in sports. However, it also has some difficulties. Because the stadium is surrounded by glass walls and fences, the ball rarely stops playing, which creates a longer rebound time, making it harder to score points only by brute force.
The market stickiness of padel movement needs to be improved
Modern life has a tight pace, high pressure in work and life, and limited time for social and multiplayer games. As a confrontational ball game, padel requires multiple players to participate in the game. Some players may choose to abandon this sport due to time and number restrictions.
At the same time, padel is a relatively young sport and has a relatively small following compared to other sports such as football, tennis and badminton, which are under threat from other markets. Therefore, it is still necessary to vigorously publicize this sport, expand the coverage of its followers, increase the market viscosity and highlight its unique market place in the Sports market.
Region Overview:
In 2022, the share of the Padel Sports market in Europe stood at 70.28%.
Company Overview:
Wilson Sporting Goods is one of the major players operating in the Padel Sports market, holding a share of 19.03% in 2022.
Segmentation Overview:
Among different product types, Padel Racquet segment is anticipated to contribute the largest market share in 2027.
Padel Racquets
Padel is played using a padel racket. The original padel rackets were made from wood, but modern padel rackets are made from composite materials. The face of the padel racket is perforated by a pattern of holes.
Padel Balls
Padel ball is similar to tennis, but padel ball should measure between 6.35 and 6.77 cm, it should weight between 56.0 and 59.4 grms, with respect to the bounce, it should measure between 135 and 145cm when let fall onto a hard surface from a height of 2.54m. The ball must have an internal pressure of between 4.6kg and 5.2kg per 2.54 sq cm.
Application Overview:
The market's largest segment by application is the segment Online, with a market share of 50.2% in 2022.
This report elaborates on the market size, market characteristics, and market growth of the Padel Sports industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Padel Sports. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Padel Sports Market Report Include:
Market Size Estimates: Padel Sports market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Padel Sports market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Padel Sports market
Segment Market Analysis: Padel Sports market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Padel Sports market situations and prospects in major and top regions and countries
Padel Sports Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.Padel Sports Industry Chain: Padel Sports market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Padel Sports Industry News, Policies by regions
Padel Sports Industry Porters Five Forces Analysis
Key players in the global Padel Sports market are covered in Chapter 2:
Bullpadel
Vibora Padel
Prince Sports
Tecnifibre
ProKennex
Shooter
Royal Padel
Varlion
StarVie
Adidas
NOX Sport
Head
Wilson Sporting Goods
Dunlop Sport
Babolat
In Chapter 6 and Chapter 9, on the basis of types, the Padel Sports market from 2018 to 2028 is primarily split into:
Padel Racket
Padel Ball
In Chapter 7 and Chapter 10, on the basis of applications, the Padel Sports market from 2018 to 2028 covers:
Online
Offline
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Padel Sports market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Padel Sports industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Padel Sports market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Padel Sports industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Padel Sports market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Padel Sports market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Padel Sports market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
