How big is the global padel market?
Padel Market Value
The global padel market was valued at US$327.48 million in 2022 and is expected to grow to US$458.97 million by 2030, registering a CAGR of 4.31%.
Global Padel Economy
North America is expected to experience the fastest growth during the forecast period. Market regions include North America, Europe, South America, Asia Pacific, Middle East and Africa. As of 2022, Europe accounts for 37.46% of the global padel market revenue share, becoming the most important market.
Padel Sports Future
Padel has been officially recognized as a tennis sport in Europe and is gradually becoming popular in various countries. Especially in Spain, Argentina and Mexico, padel is extremely popular, with Spain in particular having more than 4 million players and more than 20,000 courts, making it the second most popular sport in the country. As of November 2023, there are approximately 12,000 active Padel athletes in countries such as the United Kingdom, Sweden, Colombia, and Chile, and it is expected that Padel clubs will increase rapidly in the future.
