Global Baseball Apparel Market Size, Status, Growth, Revenue & Report Forecasted by 2026: Fact.MRresearch methodologies at the headquarters of Fact. MR has identified various prominent factors and trends prompting market growth of baseball apparel market. The study is titled as “Baseball Apparel Market Forecast, Trend Analysis & Competition Tracking – Global Review 2017 to 2026”, which deeply analyses the global market trends, with historical data from 2016 and 2017, and projections of compound annual growth rates (CAGRs) during the mentioned forecast of 2017-2026. For the benefit of the readers, the report concludes with a special focus on the detailed profiles of the major vendors in the global baseball apparel market.
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A recently published report of Fact.MR has envisaged a CAGR of 2.7% for the global baseball apparel market during the forecast period 2017 to 2026. Sales of baseball apparel around the world are estimated to exceed US$ 500 Mn in revenues by 2026-end.
3 Key Projections on Future of Baseball Apparel Market for Forecast Period 2017-2026
1. The market for baseball apparel is anticipated to showcase the fastest expansion in North America, closely trailed by Europe. Revenues from baseball apparel sales in North America and Europe are likely to account for more than three-fifth revenue share of the market by 2026-end. Revenues from baseball apparel sales in Asia-Pacific excluding Japan (APEJ) will also remain significant in the foreseeable future.
2. On the basis of product type, shirt is anticipated to remain dominant in the global baseball apparel market, with an estimated revenues share of approximately 50% during 2017 to 2026. Pant will also remain a lucrative product segment in the market. Sliding shorts are anticipated to register the fastest sales expansion, followed by shirt, through 2026.
3. Third party online channel is expected to remain the fast-expanding sales channel for baseball apparel. Direct to customer online channel will also exhibit a notable rise in the market through 2026.
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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.
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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