Baseball Equipment Market Segmentation and Industrial Overview Forecasts 2017 to 2026

Posted on 2019-08-16 by Mark Hub in Internet & Online // 0 Comments

Growth of the global baseball equipment market is anticipated to remain affected by innovations in bats & gloves, developments in tracking technology, and introduction of new tournaments. In addition, various development programs being undertaken by MLB for increasing the participation rate in the sport will create demand for baseball equipment in the upcoming years. The report, compiled by Fact.MR, provides in-depth analysis of the global baseball equipment market for the forecast period 2017-2026, and offers key insights about future market direction.

According to a recent Fact.MR report, a modest CAGR has been projected for the global baseball equipment market in the forecast period, 2017 to 2026. Approximately US$ 1,200 Mn worth of baseball equipment are anticipated to be sold across the globe by 2026-end.

Request Free Sample Report Here: https://www.factmr.com/connectus/sample?flag=S&rep_id=481

North America to Dominate Global Baseball Equipment Market

In North America, participation in baseball has been surging significantly in light of option available to youth for selecting baseball as a professional career. A large number of individuals have depicted high interest in baseball since the recent past in the region, which in turn has driven demand for baseball equipment. North America has been slated by the report to remain the fast-expanding as well as the largest market for baseball equipment.

Among products available in the baseball equipment market, bat is expected to retain its dominance with a revenue share of approximately 66% during 2017 and 2026. The rise in wages of baseball players in tandem with surging popularity of the sport has been driving demand for baseball bat. Baseball bats manufactured by using wood are expected to remain preferred among players.

Key Projections on Future of Baseball Equipment Market for Forecast Period 2017-2026

Based on buyer type, individual buyers are likely to remain dominant in the market, in terms of revenues and sales expansion. This buyer type segment is projected to hold more than 60% share of the market by 2026-end.
Institutional buyers will also continue to account for a significant market revenue share. In contrast, promotional buyers will account for a sluggish revenue share of the market throughout the forecast period.
Third party online channel is anticipated to record the highest CAGR in the market through 2026, based on sales channel. Revenues from this sales channel segment will remain the largest, followed by modern trade channels.
Sales of baseball equipment in direct to customer online outlet and direct to customer brand outlet are likely to exhibit a parallel rise through 2026, with revenues from the latter projected to remain relatively larger than those from the former.
Bat and gloves are anticipated to continue dominating the global baseball equipment market, with revenues collectively slated to exceed US$ 1,000 Mn by 2026-end. Sales of gloves will reflect a comparatively higher CAGR than sales of bat through 2026.

Key Takeaways from the Report

Third party online channel and modern trade channels will dominate the global baseball equipment market during 2017 to 2026
Individual buyers will continue to account for a comparatively larger revenue share of the market than institutional and promotional buyers combined

Competition Tracking

A few major vendors hold dominance in the global market for baseball equipment. Albeit there are only few leading vendors, nature of the market is highly fragmented on the back of the occupancy of many local and regional vendors. Competition among players in the global baseball equipment market is likely to intensify, which in turn will drive manufacturers to introduce advanced products in the foreseeable future. Key players sustaining expansion of the market, as identified by the report, include Easton, Mizuno, Rawlings (Jarden), Wilson (Amer Sports), Louisville Slugger, Nokona, Zett, SSK, Under Armour, and Nike.

Have Any Query?? Ask Our Industry Expert: https://www.factmr.com/connectus/sample?flag=AE&rep_id=481

About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

Matched content

Editor’s pick