What Is Pickleball And Why Is It Taking Over America? | Summary and Q&A

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October 16, 2022
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CNBC
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What Is Pickleball And Why Is It Taking Over America?

TL;DR

Pickleball, a social and accessible sport, has seen exponential growth during the pandemic, attracting millions of players and sparking competition among pro leagues and brands.

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Key Insights

  • πŸ’ͺ Pickleball has a low barrier of entry, making it accessible, affordable, and appealing to consumers, contributing to its rapid growth as the fastest-growing sport in America with nearly 5 million players.
  • πŸ“ˆ Pickleball experienced significant growth during the pandemic, with a 21% increase, and has seen an average annual growth rate of 11.5%. This growth outpaces sports like badminton and ping pong, with tennis also experiencing growth but at a lower rate.
  • 🌐 Pickleball attracts a wide spectrum of players from various age groups, demographics, and income levels, making it a popular sport for people of all backgrounds.
  • βš”οΈ The pickleball industry is experiencing competition and growing pains, with different leagues vying for control of the sport, players finding loopholes in rules, and a flood of TV deals, sponsors, and equipment and apparel brands entering the market.
  • πŸ“± Brand and business opportunities have grown alongside the sport's popularity, with pickleball-related companies and retailers seeing significant sales increases. Legacy brands like Nike and Adidas have also entered the market.
  • πŸ’° The global market size for pickleball paddles is estimated to exceed $150 million in 2021 and is projected to reach over $250 million by 2028. The sport's popularity is attracting both investment and sponsorship opportunities.
  • πŸ† Pro pickleball leagues, including the App League, PPA, and MLP, are competing to become the premier league for pickleball. Major League Pickleball offers the highest prize money per event and has attracted celebrity owners and investors like LeBron James and Tom Brady.
  • 🌍 The sport is not only growing in the US but also internationally, with efforts to bring pickleball to the 2028 Summer Olympics and its status as the fastest-growing sport in Canada. However, the sport needs to address growing pains such as tournaments' organization, player safety, and court availability to sustain its growth.
  • 🏟️ The demand for pickleball courts is outpacing supply, and there is a need for an estimated 280,000 additional courts in the US by 2030 to meet the growing demand of nearly 40 million players. Some cities have already started investing in more courts to accommodate this demand.

Transcript

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Questions & Answers

Q: How has the COVID-19 pandemic contributed to the growth of pickleball?

The COVID-19 pandemic has played a significant role in the exponential growth of pickleball. With limited options for indoor activities, people turned to outdoor sports like pickleball, which offered a safe and socially-distanced way to stay active and have fun. This led to a surge in interest and participation, with the sport gaining popularity across age groups and demographics.

Q: Why has pickleball become so appealing to a wide range of players?

Pickleball's appeal lies in its social, accessible, and affordable nature. Unlike many traditional sports, pickleball has a low barrier to entry, requiring minimal equipment and space. The game can be easily learned, making it accessible to beginners, while still offering enough depth and strategy to keep more experienced players engaged. Additionally, the inclusive and community-driven aspect of pickleball attracts people from various backgrounds and fosters a sense of belonging.

Q: How are pro leagues shaping the future of pickleball?

Pro leagues, such as the App League, PPA, and MLP, are vying for dominance and investing in the growth of pickleball. These leagues organize tournaments, offer prize money, and attract top players. Major League Pickleball (MLP) stands out due to its unique coed team format, equal playing time for men and women, and high prize money per event. These leagues not only raise the profile of pickleball but also contribute to the professionalization and development of the sport.

Q: How is the pickleball industry evolving beyond gameplay?

The growth of pickleball has sparked a boom in the industry surrounding the sport. Legacy brands like Nike and Adidas have entered the market, launching product lines specifically for pickleball. Pickleball Central, the largest pickleball retailer in the US, saw significant sales growth, and the market for pickleball paddles is projected to exceed $250 million by 2028. This expansion creates opportunities for sponsorships, media rights deals, and merchandise sales, driving the overall growth and commercialization of pickleball.

Summary & Key Takeaways

  • Pickleball has experienced explosive growth during the pandemic, with a 21% increase in players and significant annual growth estimated at 11.5%.

  • The sport has attracted players from diverse age groups, demographics, and income levels, becoming a popular choice for both recreational and competitive players.

  • Pro leagues, such as the App League, PPA, and MLP, are competing to establish dominance, with Major League Pickleball emerging as the premier league and offering the highest prize money per event.

  • The industry around pickleball is booming, with brands like Nike and Adidas launching products tailored for the sport, and the market size for pickleball paddles estimated to exceed $250 million by 2028.

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