Global Baseball Apparel Market Insights, Opportunity Analysis, Demand, Market Shares and Forecast 2017 – 2026
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According to a recent Fact.MR report, the global market for will exhibit a steady expansion between the period 2017 and 2026. Revenues from global sales of baseball apparel are estimated to surpass US$ 500 Mn by 2026-end.
As baseball is a sport wherein slightest of distinctions in the equipment can pose significant outcomes, several clubs as well as players are eyeing upon latching onto these distinctions. An example of this is the provision of custom-printed baseball apparel. This and several other innovations being introduced will propel expansion of the global market for baseball apparel market. With the introduction of a large number of new baseball tournaments emerged, the participation rate in the sport is witnessing proliferation. As the focus of such tournaments is directed towards increasing popularity of baseball worldwide, demand for baseball apparel is likely to record an upsurge in the near future. Baseball apparel are being designed to be light in weight and having thermal properties, in order to enable the player to remain warm in cold weather and vice versa. Current production of baseball apparel employ advanced fabrics, which enable removal of a player’s perspiration from the body to outer surface of apparel for evaporation.
North America will Remain Dominant in Global Baseball Apparel Market
In North America, participation rate in baseball is witnessing a significant upsurge in light of options available to youth in the selection of baseball as their profession. Numerous individuals in the region have showcased huge interest in the sport since the recent past, thereby stoking demand for baseball apparel. The report slates North America to remain the fast-expanding and the most remunerative market for baseball apparel.
The escalating wages of baseball players coupled with surging popularity of this sport have enabled larger spending on the baseball apparel. Shirt will remain the leading revenue contributor to the baseball apparel market, on the back of various advancements in fabrics and customization options in designs.
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Modern trade channels and third party online channels enable baseball players to select from a wide variety of apparel brands, along with the provision of discounts on several brands. These two sales channel are anticipated to spearhead the baseball apparel market globally, in terms of revenues.
Based on buyer type, individual buyers will continue to account for the largest market revenue share, followed by institutional buyers. Promotional buyers are expected to hold a very small revenue share of the market during the forecast period.
A few major players hold dominance in global market for baseball apparel. Although there are only few major vendors, the market’s nature is highly fragmented owing to the occupancy of many local & regional vendors. Competition in the global baseball apparel market will intensify, thereby driving manufacturers to make product advancements in the foreseeable future. Prominent players identified by the report who are sustaining expansion of global baseball apparel market include Nike, SSK, Nokona, Wilson (Amer Sports), Mizuno, Under Armour, Zett, Louisville Slugger, Rawlings (Jarden), and Easton.
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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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