The padel industry is experiencing unprecedented growth, driven by the increasing popularity of this racquet sport that combines the excitement of tennis and the strategy of squash. With a projected value of 6,000 million euros by 2026, according to the "Global Padel Report 2024" by Playtomic andStrategy& from PwC group, padel is consolidating itself as one of the most important sports trends of the decade.
Padel has transcended borders and cultures, becoming a global phenomenon that attracts players of all ages and skill levels. Its accessibility and social nature have made it an ideal sport for those looking for a fun and exciting way to stay active.
KeyPoints about the Growth Trajectory of Padel Worldwide
• Continuous Growth: Padel continues to grow at a high rate, with an increase in the number of courts and clubs worldwide.
• Regional Development: Padel is evolving into a global sport, but the level of development and adoption varies widely depending on the country and region.
• Growth Projections: Padel growth is expected to stabilize at a healthy annual rate of 17%, slightly below the exceptional rate observed in the post-pandemic years.
• Padel Racket Market: The popularity of padel has benefited the padel racket market, with over 4.5 million rackets sold in 2023alone.
• Barriers to Play: Despite the growing popularity of padel, there are barriers to play, such as the difficulty of finding available courts and coordinating matches.
Padel in the United States
Padel is experiencing exponential growth in the United States, especially in regions like New York, San Francisco, Los Angeles, Texas, and Florida. According toMarcos del Pilar, president of the United States Padel Association (USPA), the number of padel courts in the country has increased considerably, reaching approximately 320 courts nationwide.
• Growth and Expansion: Padel is consolidating itself as an important sport in the United States, with a projection of reaching 20,000 courts and 15 million players by 2025.
• Regions with Greatest Growth: The East Coast, particularlyFlorida and New York, are leading the trend, while California, Texas, andFlorida are also showing significant interest in the sport.
Challenges and Opportunities
• Despite the growth, padel faces challenges such as the difficulty of finding available courts and coordinating matches.
• The Pro Padel League (PPL) is working to increase exposure and participation in the sport, and to support current and future facilities.
Sources
Global Padel Report 2024
SportsNewsSite
Padel Pro News
United States Padel Association (USPA)
SimplePadel
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