Baseball Equipment Market Size Worth $5.1 Bn Globally by 2031 | Exhibiting a CAGR of 3.8% by 2031

Allied Market Research published a report, titled, "Baseball Equipment Market by Type (Bat, Gloves, Helmets, Others), by Distribution Channel (Specialty Sports Stores, E Commerce, Supermarket and hypermarkets, Others),by Price Point (Economy, Mid range, Premium), by Buyer Type (Individual, Institutional): Global Opportunity Analysis and Industry Forecast, 2021-2031." According to the report, the global baseball equipment industry is estimated to generate $3.5 billion in 2021 and $5.1 billion by 2031, witnessing a CAGR of 3.8% from 2021 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.

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Drivers and Opportunities

Increase in adoption of baseball, surge in expenditure on sport in the developing countries, growing popularity of baseball leagues, and the rise in participation of women in baseball fuel the growth of the global baseball equipment market. However, unawareness and availability of counterfeit equipments in the emerging markets and increase in proclivity indoor leisure activities hinder the market growth. On the other hand, increase in sponsorship &promotion of the baseball sport present new opportunities in the market in the coming years.

Regional Outlook:

By region, the market is categorized into North America, Europe, Asia-Pacific, and LAMEA. North America is the largest consumer of baseball equipment as it is a very popular sport in the region and is also the national sport of the United States. Asia-Pacific is the second largest due to the severe popularity of the sport in the Asian region and is also another important game in the region. LAMEA is predicted to have the largest growth during the forecast period due to the improving lifestyle, greater exposure to western sports, and an increasing number of facilities and leagues of baseball equipwment growth in the region.

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The specialty sports stores segment to dominate the market in terms of revenue during the forecast period

Based on distribution channel, the specialty sports stores segment contributed to the largest share of nearly two-fifths of the global baseball equipment market in 2021, and is expected to rule the roost during the forecast period. Most specialty store business operators maintain considerable depth in the type of products that they specialize in selling, usually at premium prices, in addition to providing higher service quality and expert guidance to shoppers. This in turn, drives the segment. However, the ecommerce segment is projected to witness the fastest CAGR of 4.6% from 2022 to 2031, due to the easy and wide availability of baseball equipment products, shopping offers, and various services such as door step delivery, easy payment, and cash back offers.

Leading Market Players

Marucci Sports, VICTUS SPORTS, DeMarini, ADIDAS, Easton, Mizuno, New Balance, Nike, Rawlings, Wilson

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Based on type, the bat segment held the largest share of nearly two-fifths of the global baseball equipment market in 2021, and is expected to maintain a noteworthy growth during the forecast period. Continuous usage of different materials, including wood, composite, hybrid, and aluminum, based on baseball bats on account of perceiving greater performance depending on different pitches is expected to drive the bat segment. However, the others segment is likely to exhibit the highest CAGR of 4.4% in 2031.

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