Entrepreneurship

Pickleball Market is set to boom in coming decade

The pickleball market is experiencing explosive growth, projected to reach $4 billion by 2027, with a compound annual growth rate (CAGR) of 11.5% from 2020 to 2027. This surge is driven by an increasing number of players—over 4.8 million in the U.S. alone—showcasing the sport's rising popularity among all age groups. (Source: Market.us News)

Factors contributing to this growth include a surge in participation due to its accessibility and social nature. With nearly 200% growth in players since 2019, pickleball is becoming a favorite pastime, especially among the younger demographics and retirees seeking active lifestyles.

The rise in media coverage and sponsorship deals is expected to elevate the sport's profile further, creating additional revenue opportunities. The demand for equipment and related services is also anticipated to grow, with retail sales projected to reach $1.6 billion by 2027.

For Hyperspace Ventures, this vibrant market landscape represents a significant opportunity. Our portfolio includes leading pickleball entities such as MLP, PPA Tour, Top Court, Pickleball.com, and more, positioning us to uniquely to capitalize on this upward trend. The increasing interest in organized competitions and the expansion of dedicated facilities are likely to enhance revenue streams for these operations. This not only signals promising financial returns but also signifies the growing cultural significance of pickleball in the sports world.

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