Baseball Equipment Market Size, Global Sector / Industry Report & Analysis, 2019-2025 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Baseball Equipment Market


The global baseball equipment market size was valued at USD 15.3 billion in 2018. Increasing number of participants including youngsters and adult players in outdoor sports is projected to be the key driving factor. Furthermore, government initiatives on encouraging the population for participating in baseball as a professional sport are expected to increase the demand for baseball equipment in the near future.
For instance, in February 2019, the U.S. Government launched a four day, both on and off field athlete development program to provide better guidance to the participants. Baseball is considered to be a significant option to deal with anxiety issues on account of extensive use of energy and power required in the sport.
 
Use of helmets, gloves, and other accessories has been recommended as a part of game rule, which ensures safety and comfort benefits to the players on the field. Increasing health awareness regarding general fitness is also a primary factor for driving the demand for the baseball equipment market. In addition, constant development and innovation in the equipment and gears for baseball are influencing the demand for baseball equipment.
For instance, Catapult Sports, in March 2017, launched a baseball analytics product, which analyses the performance of the player, highlights the errors in the performance, and provides the suitable recommendations for improving the game of the player. These initiatives by the manufacturers in order to provide better game experience to the players are also determined to increase the product demand in the upcoming future.

Market Segmentation, Outlook & Viewpoint: Global Baseball Equipment Market


Product Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

Bat

Helmet

Gloves

Equipment Bag

Accessories


Distribution Channel Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

Supermarkets/Hypermarkets

Convenience Stores

Online


Key Players, Recent Developments & Regional Insights: Global Baseball Equipment Market


Bat is anticipated to expand at a CAGR of 3.3% from 2019 to 2025. 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 in future. Keeping in mind the high consumption of baseball bats due to usage and tear, in April 2019, Wilson sporting goods, along with Autism Speaks, has launched limited edition and high performance baseball bat and gloves, in order to attract the premium and professional players.
Helmet is expected to expand at a CAGR of 4.0% from 2019 to 2025. This growth is attributed to growing awareness regarding safety playing habits and increasing number of injuries related to ball games, reported throughout the globe. Furthermore, new product launches by the market leaders, in consideration of the head safety of the players, are expected to remain a favorable factor in the near future.
Distribution Channel Insights
Supermarkets/Hypermarkets are anticipated to expand at a CAGR of 3.0% from 2019 to 2025. This growth is attributed to easy and wide availability of baseball equipment products in the supermarkets. This, in turn, helps the customers to choose a wide range of products through physical verification prior to any purchase. Furthermore, the players are inclined towards buying equipment from the supermarkets, in order to get the proper fit for the equipment and get the best performance. These factors are anticipated to drive the segment in the near future.
Baseball equipment products are also bought through convenience stores nearby customers. These include the branded outlets of the market leaders including Nike, Adidas, and YONEX. Through the convenience store, customers are exposed to the early purchase of latest and limited edition products, which are not available in the supermarkets.
 
The online segment is expected to expand at a CAGR of 4.0% on account of the intervention of various ecommerce stores in the market in order to meet the supply and demand of the market. Moreover, online portals offer an ease of availability and collective brands at one place, along with doorstep delivery to the customers. Companies such as decathlon.in, baseballexpress.com, and baseballwarehouse.com are coming up with new services for delivering customized products to the customers. These factors are expected to open new avenues for the market in the near future.

Regional Insights
North America emerged as the dominant regional market with a share of 37.3% in 2018. Initiatives by the U.S. government to promote investment in new tournaments and leagues for baseball in order to encourage the participants to become professionals are expected to remain a key driving force.
Asia Pacific is expected to expand at a CAGR of 3.5% from 2019 to 2025. Increasing adoption of western sports, along with favorable government initiatives to increase spending on baseball in Japan, China, and South Korea, is expected to have a positive impact on the market growth. Furthermore, increasing disposable income and changing lifestyle among the middle-income groups of emerging economies including China, India, and Thailand are expected to open up new avenues for the industry over the next few years.
Baseball Equipment Market Share Insights
Key market players include Nike; Adidas; Newell Brands Inc.; Amer Sports; Mizuno Corporation; Zett Corporation; Under Armour Inc.; Schutt Sports Inc.; Phoenix Bat Company; and YONEX Co. Ltd. The companies are focusing on acquiring a larger market share by developing new and innovative products. Moreover, the companies are focused on designing functional products in order to meet the demand of customers.

Key Insights Covered: Global Baseball Equipment Market
1.  North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Baseball Equipment industry.
2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of Baseball Equipment industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Baseball Equipment industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Baseball Equipment industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Baseball Equipment industry.

Research Methodology: Global Baseball Equipment Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other