Global Padel Sports Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Padel Sports Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

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.

Market Overview:

The latest research study on the global Padel Sports market finds that the global Padel Sports market reached a value of USD 190.31 million in 2022. It’s expected that the market will achieve USD 491.3 million by 2028, exhibiting a CAGR of 17.12% during the forecast period.

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.

Key Companies in the global Padel Sports market covered in Chapter 3:

STAR VIE
Adidas
SIUX PADEL
Tecnifibre
Wilson
Bullpadel
Prince
Head
Nox
Dunlop
Babolat
Drop Shot

In Chapter 4 and Chapter 14.2, on the basis of types, the Padel Sports market from 2018 to 2029 is primarily split into:

Padel Racket
Padel Ball
Padel Footwear
Padel Clothing
Padel Accessories

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Padel Sports market from 2018 to 2029 covers:

Outdoor
Indoor

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)