Pickle ball Equipment Market Key Insights and Booming Factor Supporting Growth till 2028

Posted on 2019-05-02 by Mark Hub in Sports // 0 Comments

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Rockville, US, 2019-May-02 — /EPR Network/ — This research report titled “Pickle ball Equipment Market Key Insights and Booming Factor Supporting Growth till 2028” focuses on the Pickle ball Equipment Market, published to the vast repository managed by Fact.MR. The analysis focuses on the prime geographical regions based on their market size, revenue and attractiveness factors. Furthermore, the research discusses various segments from the Pickle ball Equipment Market to examine future lucrativeness and spot growth prospects during the period between (2017-2022). Readers can even access information such as key developments, technologies, innovations, etc., concerned to the Pickle ball Equipment Market.

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A new Fact.MR study foresees the Pickle ball equipment market to record an impressive 8.9% value CAGR between the forecast period 2018 and 2028.

Pickle ball is witnessing a boom, with nearly 40% increase in the sport’s participation in the U.S. alone, according to the USA Pickle ball Association (USAPA). Companies manufacturing Pickle ball equipment, such as Pickle Pro, are opening their own retail stores to boost their sales. Numerous sports equipment manufacturers are leveraging the opportunity, as the sport of Pickle ball expands beyond Baby Boomers and the retirees. New Pickle ball peddlers are on the rise, meanwhile well-established sporting goods manufacturers are entering the game.

A number of leading tennis companies are also entering into the Pickle ball courts, for example, Franklin and Head have their own booths for promoting their products. With the rise in Pickle ball’s popularity, companies are eyeing to capitalize on latent opportunities that the sport holds. Facilitated game and low-impact attributes of the sport have enhanced its accessibility to participants across all age-groups and athletic skills. Companies, such as Clay, have commenced introducing and selling lifestyle clothing, and are barely keeping up with demand.

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The association estimates nearly 2.5 Mn Pickle ball participants in Europe. Growth of the Pickle ball equipment market is set to remain consolidated in developed markets viz., North America and Europe, according to the report. North America will continue to remain at vanguard of Pickle ball equipment market, with Europe on the trail. Over four-fifth value share of the market are likely to be held by these two regions in the period of forecast.

With Pickle ball’s popularity illustrating a tremendous rise, relevant equipment manufacturers are focusing on installing their own retail stores. Sporting goods producers are capitalizing on the opportunities, as the sport extends beyond the aging demographic. Numerous new Pickle ball equipment peddlers are foraying the market, while established vendors focus on product innovation. Leading tennis companies, such as Franklin and Head, are now entering the Pickle ball courts for promoting their products. Key players have also commenced developing and introducing lifestyle clothing and equipment related to Pickle ball, and are witnessing robust demand in the area, according to SFIA.

Stakeholders in the Pickle ball equipment market are joining forces for developing and introducing new advanced products, and enhancing their portfolio to gain a competitive edge. An exclusive distribution agreement recently signed between The Composite Recycling Technology Center (CRTC) and Pickle ball Central is a prime example of such strategic collaborations. CRTC aims at distributing its Pickle ball paddle manufactured by using recycled carbon fiber of aerospace grade. Eco-friendly Pickle ball equipment launches such as this will further enable companies to gain consumer loyalty, and boost their sales.

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