Future of Baseball Equipment Market: Size, Trends, Share and Growth Forecast till 2026
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A recently published report of Fact.MR envisages the global market for baseball equipment to register a modest CAGR between the period 2017 and 2026. Baseball equipment sales across the globe are expected to account for roughly US$ 1,200 Mn revenues by 2026-end.
4 Key Projections on Future of Baseball Equipment Market for Forecast Period 2017-2026
1. 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.
2. 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.
3. 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.
4. 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.
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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.
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.
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