Press release
Baseball Equipment Market Is Anticipated To Grow At A CAGR Of 6.1% by 2032: Fact.MR Study
A recently revamped study published by Fact.MR expects the baseball equipment market to flourish at a CAGR of 6.1% to reach US$ 1,898.19 Mn by the end of the 2022-2032 forecast period. Increased participation in baseball events by netizens worldwide is heightening growth prospects for baseball equipment in recent years.From 2017 to 2021, sales of baseball equipment registered a CAGR of 5%. Prospects dwindled significantly during the worst of the coronavirus pandemic, especially in 2020. Imposition of a global lockdown to prevent further infection spread led to cancellation of all major baseball events, along with restrictions on outdoor sporting activity. This led to declining footfalls in stores to purchase baseball equipment.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.factmr.com/connectus/sample?flag=S&rep_id=481
Eventually, as 2021 arrived, speeding vaccination drives and reducing infection intensity permitted a resumption of all sporting activity. This led to a restoration of demand for baseball equipment. Future growth prospects are reliant on manufacturers seeking to forge sponsorship contracts with leading agencies in order to widen their product outreach.
Key Takeaways from the Market Study
โข By product type, baseball bats and gloves to collectively yield US$ 1,000 Mn in value
โข Modern trade channels to experience a CAGR of 3% with regard to baseball equipment sales
โข By buyer type, individual baseball equipment to account for 3 out of 5 sales
โข APEJ to experience noteworthy growth in baseball equipment sales, growing at a 7% CAGR
โข North America to be the dominant market, accumulating a market share of 66%
โข Global market for baseball equipment to be valued at US$ 1,050 Mn by 2022-end
"Integration of top-notch technologies has helped players hit bigger hits and has given a different perspective to the viewers; burgeoning the popularity of the game across the globe"- comments a Fact.MR analyst.
The occurrence of a pandemic might have halted the world of sports but didn't stop the continuous development of various technologies that gear to push the sport of baseball forward, for both athletes and fans. For instance, the innovation of SwingTracker helps the players to improve the spin. It captures and tracks the data from the swinging motion in real-time, viewed on SwingtrackerApp.
The integration of Artificial Intelligence and Virtual Reality (VR) takes the players as close to the players as possible. Also, it gives viewers a unique first-hand perspective on what the players experience throughout the game.
๐๐ก๐๐ซ๐ ๐๐จ๐ฎ๐ซ ๐๐๐ช๐ฎ๐ข๐ซ๐๐ฆ๐๐ง๐ญ๐ฌ & ๐๐๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ: https://www.factmr.com/connectus/sample?flag=RC&rep_id=481
Competitive Landscape
Prominent players are embracing innovative approaches such as ground-breaking marketing tactics, technological advancements, mergers, and acquisitions.
โข In Sept 2021, Easton launched the new ADV Hype Bat in fresh 2022 Lineup, the full lineup of 2022 bats in the BBCOR, USSSA and USA designations feature the ADV Hype, ADV 360, Maxum Ultra and Alpha ALX. Each model takes a distinct approach to materials, constructions and technologies to provide specific advantages to hitters.
โข In Oct 2021, Mizuno launched a new B22 Hot Metal BBCOR baseball bat. Mizuno has a top-notch reputation for making high-performance sports equipment using the latest technology and precise process to get everything just right.
Key Baseball Equipment Providers
โข Nike Inc.
โข Adidas AG
โข Newell Brands
โข Amer Sports Oyji
โข Mizuno Corporation
โข ZETT Corporation
โข Under Armour Inc.
โข Schutt Sports
โข Phoenix Bats
โข Easton (BRG Sports)
โข Rawlings Sporting Goods
โข Nocona Athletic Goods Company
โข SSK
๐ ๐ฎ๐ฅ๐ฅ ๐๐๐๐๐ฌ๐ฌ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ฌ ๐๐ฏ๐๐ข๐ฅ๐๐๐ฅ๐ ๐๐ญ: https://www.factmr.com/checkout/481
Key Segments Covered in the Baseball Equipment Industry Report
โข By Product Type
o Baseball Bats
o Baseball Helmets
o Baseball Equipment Bag
o Baseball Gloves
o Baseball Accessories
โข By Sales Channel
o Baseball Equipment Sales via Independent Sports Outlets
o Baseball Equipment Sales via Franchised Sports Outlets
o Baseball Equipment Sales via Modern Trade Channels
o Baseball Equipment Sales via Direct to Customer Brand Outlets
o Baseball Equipment Sales via Direct to Customer Online Channels
o Baseball Equipment Sales via Direct to Customer Institutional Channels
o Baseball Equipment Sales via Third Party Online Channels
โข By Buyer Type
o Individual Baseball Equipment
o Institutional Baseball Equipment
o Promotional Baseball Equipment
๐๐ก๐๐๐ค ๐จ๐ฎ๐ญ ๐ฆ๐จ๐ซ๐ ๐ซ๐๐ฅ๐๐ญ๐๐ ๐ฌ๐ญ๐ฎ๐๐ข๐๐ฌ ๐ฉ๐ฎ๐๐ฅ๐ข๐ฌ๐ก๐๐ ๐๐ฒ ๐ ๐๐๐ญ.๐๐ ๐๐๐ฌ๐๐๐ซ๐๐ก: https://www.prnewswire.com/news-releases/fire-protection-systems-market-to-surpass-us-138-billion-by-2032-amid-implementation-of-strict-safety-norms-301612380.html
Contact:
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Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com
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