August 26, 2024: PadelPark India, received a boost with a fresh round of funding, led by Parth Jindal, Founder of JSW Sports and Inspire Institute of Sport (IIS).
Padel is a racquet sport with its roots in Mexico. Over the past few years, the sport has gained significant interest in Europe, along with a remarkable surge in its popularity across the globe. The sport’s rapid growth can be determined with the number of courts worldwide increasing from around 10,000 in 2016 to more than 50,000 in 2024 & poised to grow to around 60,000 courts by 2026. Last year alone saw more than 2500 Padel clubs open around the world.
The global padel industry is currently valued at over $2.2 billion, with more than 25 million players spanning 110 countries, and is projected to grow at an annual rate of 22%, reaching $6.6 billion by 2026. Key drivers of this growth include increasing interest in sports, the appeal of trying new activities, endorsements by prominent public figures, and the rising number of international competitions. With 23% of India’s population actively participating in sports, the country presents a significant market opportunity, with 232 million potential padel enthusiasts.p0
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