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Pickleball Trends & Opportunities for Kaixin Technology
1. Global Market Insights
Market Size: According to Grand View Research, the global pickleball market reached $530 million in 2023, projected to grow at a 8.7% CAGR (2024-2030), with over 48 million players worldwide.
Regional Growth: The U.S. dominates (65% share), while Asia-Pacific surges (China’s annual growth exceeds 25%), with 300+ new courts in Shanghai and Guangzhou.
Cross-industry Collaborations: Nike/Adidas launched pickleball apparel; pickleball debuted as a demonstration sport at the 2023 Asian Beach Games, signaling Olympic potential.
2. Technological Innovations
Equipment Upgrades: Carbon fiber honeycomb paddles (30% lighter with enhanced durability) and smart sensor balls (tracking speed/spin) are trending.
Sustainability: Leading brands like Paddletek use 60% recycled materials, aligning with ESG demands.