|06-11-2018 03:18 PM CET - Sports||
Overview of Global Baseball Gloves Market with Trends, Opportunities & Competition Tracking till 2022
Press release from: Fact.MR
Recently, a novel report developed using proven research methodologies at the headquarters of Fact. MR has identified various prominent factors and trends prompting market growth of baseball gloves market. The study is titled as “Baseball Gloves Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022”, which deeply analyses the global market trends, with historical data from 2017 and 2018, and projections of compound annual growth rates (CAGRs) during the mentioned forecast of 2017-2022. 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 gloves market.
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Global Baseball Gloves Market: Key Insights
Based on types, the first baseman’s baseball glove segment is expected to remain highly lucrative during the assessment period. In terms of revenue, the segment is projected to represent more than 26% share of the global market towards the end of 2022 and reach a market valuation in excess of US$ 6 Mn.
On the basis of distribution channel, the modern trade segment is expected to retain its top position over the forecast period. The segment currently holds around 24% revenue share of the global market. By the end of 2022, the modern trade segment is estimated to surpass US$ 6 Mn in valuation.
By buyer type, the individual buyer segment will continue to dominate throughout the forecast period. The segment currently commands for over one-third market share in terms of revenue. By 2022-end, the individual buyer segment is anticipated to surpass a valuation of 13 Mn, exhibiting a steady growth.
Among regions, the baseball gloves market in North America is projected to remain highly attractive between 2017 and 2022. This is mainly due to the widespread popularity of the sport in the countries such as the U.S. and Canada. Majority of the population in the region is familiar with baseball, which, in turn, is driving the demand for various baseball gears and equipment including gloves. Meanwhile, the baseball gloves market in Japan is expected to exhibit a relatively higher CAGR, owing to the growing popularity of the baseball in the country.
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North America Will Continue to Spearhead the Global Baseball Gloves Market
North America is expected to remain of the most lucrative market for baseball during the forecast period. The baseball gloves market in the region currently accounts for a significant revenue share and the trend is likely to continue through 2022. This is primarily owing to the overwhelming popularity of baseball in the U.S., which continues to drive the sales on various baseball equipment and gears including gloves.
First Baseman’s Baseball Gloves – Top Selling Glove Type
On the basis of baseball glove types, demand for first baseman’s baseball gloves is expected to remain considerably high during the forecast period. Global sales of first baseman’s baseball gloves currently account for around 27% revenue share of the market. In addition to it, more than US$ 6 Mn worth first baseman’s baseball gloves are estimated to be sold globally by 2022-end.
Fact.MR report also profiles key companies that are expected to remain active in the expansion of global baseball gloves market through 2022, which include Adidas AG, Amer Sports Corporation, Ampac Enterprises Inc., Easton Sports, Inc., Franklin Sports Inc., Mizuno Corporation, Newell Brands, Inc., NIKE, Inc., Under Armour, Inc., and Vinci Pro.
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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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This release was published on openPR.
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