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Trends in Softball Equipment Industry: Market is Projected to Reach US$ 550 Mn in revenues by 2026-end

05-08-2018 02:42 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fact.MR

Fact.MR

Fact.MR

A freshly compiled business intelligent report, titled “Softball Equipment Market Forecast, Trend Analysis & Competition Tracking – Global Review 2017 to 2026” has been publicized to the vast archive of Fact.MR online repository. This 170-page study delivers all the vital details and information required to know about softball equipment market current as well as future prospects. The analysts of the study have gone through extensive research methodologies in order to generate data and information that reflects the latest market undercurrents and industry trends. For a deeper understanding of the market, a sub-category level analysis has been elaborated, by which readers and investors of the report will able to know that where the market stands to gain.

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Over the past few years, an upsurge in the awareness about fitness & health among the global population is being witnessed, driven by the desire for better and healthy lifestyle. This has further spurred the interest of individuals in various sports, and softball is no exception. Growing interest in softball among the general public has created significant demand for softball equipment. Individuals currently seek tailored softball products that meet their expectations and needs, which in turn has led manufacturers of softball equipment to offer customized equipment. In addition to its association with health benefits, softball is now being viewed as a medium of social engagement, and outlet for personal accomplishment. 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.

Third party online channel are projected to remain the fastest expanding as well as dominant sales channel for softball equipment during 2017 to 2026. Based on buyer type, individual buyers will account for the largest revenue share of the market over the forecast period.

Competition Tracking

The global market for softball equipment will continue to be dominated by few leading vendors competing in terms of market reach and product offerings. Competition in the market is expected to intensify in the upcoming years, with growing product extensions and shares of the vendors. These vendors are introducing innovative equipment for enhancing their product portfolio and increasing their market share through products such as softball bats with enhanced swing speed, lightweight gloves, and tracking technologies. 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.

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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
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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Fact.MR
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27 Upper Pembroke Street,
Dublin 2, Ireland
Telephone: +353-1-6111-593
Email: sales@factmr.com/
Web: www.factmr.com/

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