Press release
Scope in Softball Equipment Market: Size, Share, Growth, Industry Demand, Forecast, Application Analysis To 2026
Fact.MR
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Fact.MR’s recently published report envisages an average expansion for the global softball equipment market over the period 2017 to 2026. Worldwide sales of softball equipment are forecast to exceed US$ 550 Mn in revenues by 2026-end.
North America to Remain Largest Market for Softball Equipment
High disposable incomes of the population in North American countries is expected to remain a major factor driving growth of the softball equipment market in the region. In addition, people in North America are increasingly becoming health-conscious and adopting measures to keep themselves fit as well as engaged in social activities, and softball is one of the popular means in catering to both these requirements. The female population in the region is also taking high interest in the sport. Driven by aforementioned factors, North America will continue to be the largest market for softball equipment.
Based on product type, softball bats are likely to lead the market in terms of revenues, with demand mainly driven by huge adoption of wooden softball bats by professional as well as amateur players. In addition, rising retail costs of softball bats are further complementing revenue generation through this product segment.
4 Key Future Prospects of Softball Equipment Market for Forecast Period 2017-2026
1. North America will spearhead the global softball equipment market, in terms of revenues. Europe and Asia-Pacific excluding Japan are also expected to remain major markets for softball equipment, with sales collectively projected to account for nearly 30% market share by 2026-end.
2. On the basis of product type, bats will continue to be sought-after in the market, with sales poised to surpass US$ 350 Mn in revenues by 2026-end. Revenues from sales of softball bats are estimated to remain significantly larger than those from all the other product segments combined. Gloves are also expected to prevail as a lucrative product in the market.
3. Third party online channels and modern trade are expected to remain the leading revenue contributors to the global softball equipment market, based on sales channel. Third party online channel will also persist as the fastest expanding sales channel for softball equipment, trailed by direct to customer online channel.
4. Based on buyer type, individual segment will continue to lead the market, with an estimated revenue share of over 66% during 2017 to 2026. Institutional buyers will also latch onto a major chunk of the market’s revenue share during the forecast period.
Key players driving growth of the softball equipment market globally include Nike, Newell Brands Inc., Mizuno Corporation, Under Armour Inc., Phoenix Bat Company, Adidas, Amer Sports, Zett Corporation, Schutt Sports Inc., and Peak Achievement Athletics.
Browse Full Report with TOC- https://www.factmr.com/report/499/softball-equipment-market
Table of Content:
1. Global Economic Outlook
2. Global Softball Equipment Market - Executive Summary
3. Global Softball Equipment Market Overview
3.1. Introduction
3.1.1. Global Softball Equipment Market Taxonomy
3.1.2. Global Softball Equipment Market Definition
3.2. Global Softball Equipment Market Size (US$ Mn) and Forecast, 2012-2026
3.2.1. Global Softball Equipment Market Y-o-Y Growth
3.3. Global Softball Equipment Market Dynamics
3.4. Sports Eco System
3.5. Supply Chain
3.6. Cost Structure
3.7. Pricing Analysis
3.8. List of Distributors
3.9. Consumer Survey Analysis
3.10. Market Competition Structure
4. Global Softball Equipment Market Analysis and Forecast 2012-2026
4.1. Global Softball Equipment Market Size and Forecast By Product Type, 2012-2026
4.1.1. Bat Market Size and Forecast, 2012-2026
4.1.1.1. Revenue (US$ Mn) Comparison, By Region
4.1.1.2. Market Share Comparison, By Region
4.1.1.3. Y-o-Y growth Comparison, By Region
Continued….
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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Sports 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.
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