Padel Growth: Numbers, Facts & Expectations
Padel is a relatively new sport that has been rapidly gaining popularity in recent years. In the past five years, the number of Padel courts around the world has increased significantly, and the trend is expected to continue in the next five years. In this article, we will explore the growth of Padel courts in the past five years and the expectations for the future, with number examples.
Growth of Padel Courts in the Past Five Years
The growth of Padel courts in the past five years has been nothing short of remarkable. According to the International Padel Federation (IPF), there were approximately 16,000 Padel courts worldwide in 2016. By 2021, this number had increased to over 35,000, representing a growth rate of more than 118%.
The growth of Padel courts has been particularly strong in Europe and Latin America, where the sport has become increasingly popular. Spain has the highest number of Padel courts in the world, with over 21,000. Other countries with a significant number of Padel courts include Argentina Sweden, and Italy.
Expectations for the Future
The trend of Padel court growth is expected to continue in the next five years. According to a report by ResearchAndMarkets.com, the global Paddle equipment market is expected to grow at a compound annual growth rate (CAGR) of 4.68% from 2021 to 2026.
The report attributes the expected growth to several factors, including the increasing popularity of Padel Tennis as a sport, the growing number of Padel tournaments and events, and the increasing number of Padel clubs and facilities being built by manufacturers around the world.
In terms of specific regions, the report predicts that Europe will continue to be the largest market for Padel equipment, accounting for over 50% of the total market share. However, the report also notes that the Asia-Pacific region is expected to experience the highest growth rate in the coming years, as the sport becomes more popular in countries such as China and India.
Number Examples
To put the expected growth of Padel courts into perspective, let's take a look at some number examples. In 2016, there were approximately 16,000 Padel courts around the world. By 2021, this number had increased to over 35,000. If the current growth rate of 118% were to continue for the next five years, we could expect to see over 76,000 Padel courts worldwide by 2026.
