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.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭: 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
• By product type, baseball bats and gloves to collectively yield US$ 1,000 Mn in value
• Modern trade channels to experience a CAGR of 3% with regard to baseball equipment sales
• By buyer type, individual baseball equipment to account for 3 out of 5 sales
• APEJ to experience noteworthy growth in baseball equipment sales, growing at a 7% CAGR
• North America to be the dominant market, accumulating a market share of 66%
• 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.

𝐒𝐡𝐚𝐫𝐞 𝐘𝐨𝐮𝐫 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭𝐬 & 𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬: 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.

• 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.

• 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
• Nike Inc.
• Adidas AG
• Newell Brands
• Amer Sports Oyji
• Mizuno Corporation
• ZETT Corporation
• Under Armour Inc.
• Schutt Sports
• Phoenix Bats
• Easton (BRG Sports)
• Rawlings Sporting Goods
• Nocona Athletic Goods Company
• SSK

𝐅𝐮𝐥𝐥 𝐀𝐜𝐜𝐞𝐬𝐬 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐈𝐬 𝐀𝐯𝐚𝐢𝐥𝐚𝐛𝐥𝐞 𝐚𝐭: https://www.factmr.com/checkout/481

Key Segments Covered in the Baseball Equipment Industry Report

• By Product Type
o Baseball Bats
o Baseball Helmets
o Baseball Equipment Bag
o Baseball Gloves
o Baseball Accessories

• 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

• By Buyer Type
o Individual Baseball Equipment
o Institutional Baseball Equipment
o Promotional Baseball Equipment

𝐂𝐡𝐞𝐜𝐤 𝐨𝐮𝐭 𝐦𝐨𝐫𝐞 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐬𝐭𝐮𝐝𝐢𝐞𝐬 𝐩𝐮𝐛𝐥𝐢𝐬𝐡𝐞𝐝 𝐛𝐲 𝐅𝐚𝐜𝐭.𝐌𝐑 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡: 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

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This release was published on openPR.