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Baseball Shoes Market Market Attractiveness, Competitive Landscape and Forecasts to 2022

01-11-2018 08:08 AM CET | Sports

Press release from: Fact.MR

Fact.MR

Fact.MR

Manufacturers of baseball shoes continue to focus on further advancement in design and functionality of their products. The modern baseball shoes are mostly made of genuine or synthetic leather, however, shoes that are made of pure leather usually carry a higher price tag. Professional baseball players commonly opt for genuine leather made shoes as they are more durable, breathable and supple as compared to the synthetic leather variety. Nonetheless, synthetic leather made shoes are quite popular among general buyers. Demand for baseball shoes remains steady as companies are successfully attracting individuals through launching more sporty and stylish baseball shoes. Leading companies are coming up with special series or range of shoes that have added features and are made of premium-quality material. Factor as such are expected to remain crucial in determining the future prospects of the global baseball shoes market. In order to increase market share, companies are also introducing baseball shoes specifically designed for training, warming up and practice sessions.

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Global Market for Baseball Shoes – Key Insights

1. North America will continue to be one of the attractive market for baseball shoes in 2017 and beyond. There is an overwhelming popularity of baseball in the North America region particularly in the U.S. Moreover, the massive fan-following of baseball clubs in the U.S. is an underlining factor behind the increasing sales of various types of baseball equipment including baseball shoes. This, in turn, is expected to propel the growth of the baseball shoes market in the region.
2. Based on product type, the metal cleats segment will retain its top position over 2022. The segment presently represents more than one-third share of the global market in terms of revenue. Towards the end of 2022, the metal cleats segment is anticipated to reach a valuation of over US$ 2,000 Mn. Meanwhile, the plastic molded segment is expected to hold the second position during the forecast period.
3. On the basis of design style, the low height baseball shoes segment will remain dominant throughout the assessment period. The segment presently commands for nearly two-third revenue share of the market. By 2022-end, the low height baseball shoes segment is projected surpass a market valuation of US$ 3,100 Mn.
4. By sales channel, the modern trade segment is expected to remain highly lucrative. The segment currently represents around 25% market share in terms of revenue and the figure is unlikely to alter to a significant level in the forthcoming years.

North America will continue to lead the Global Baseball Shoes Market
The baseball shoes market in the North America region is projected to remain highly attractive during the forecast period. Baseball is one of the most popular sports in North America, especially in the U.S., many of the baseball clubs in the country have huge followers base. Most individuals in the North America region follow and play baseball, which remains a major factor behind the growth of the market in the region.

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Metal Cleat Baseball Shoes will Remain Highly Preferred
By product type, demand for metal cleat baseball shoes will remain strong in 2017 and beyond. Global sales of metal cleat baseball shoes currently command for close to 44% revenue share of the global market. By the end of 2022, over US$ 2,000 Mn worth metal cleat baseball shoes are expected to be sold across the globe.

Competition Tracking
The Fact.MR report also gives detailed information about leading companies that are currently active in the global baseball shoes market, which include Under Armour, Nike, Adidas, Mizuno Corporation, New Balance INC, Easton Sports, Inc., Skechers, INC, and ASICS Corporation

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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized 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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