Pickleball is outgrowing its available court space. • In 2022, the total number of first-time pickleball participants alone exceeded the total number of players in 2021. • For continued growth at the same pace, the industry requires a $900M investment to build 25K courts nationwide, per SFIA. • 74% of US community associations have or are building pickleball courts, with 76% of members reporting courts are in near-constant use, according to CAI. Fortunately, as the sport’s frenetic growth continues, dedicated venues are getting fast-tracked. Watch for clubs like Ace Pickleball Club or recreation x restaurants concepts like Camp Pickle and Chicken N Pickle to pop up in a neighborhood near you. Meanwhile, gym operator Life Time Inc. has constructed five indoor and outdoor pickleball courts per week since 2022, with no sign of slowing down.
Dan Isaacson another example of the rapid growth!
Investments for True Growth Capital | PhD @ RWTH | WHU
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