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Baseball Equipment Market

Baseball Equipment Market

Baseball Equipment Market Analysis by Product Type (Baseball Bats, Baseball Helmets, Baseball Equipment Bag, Baseball Gloves, Baseball Accessories), by Sales Channel, by Buyer Type & Region - Global Forecast 2022-2032

Baseball Equipment Market
FACT481MR
  • Feb-2022
  • List of Tables : 126
  • List of Figures : 96
  • 170 Pages
  • Sports

Global Baseball Equipment Market Outlook (2022-2032)

The baseball equipment market valuation is anticipated to grow at a CAGR of 6.1% and reach US$ 1,898.19 Mn by 2032 end. As of 2022, the market is expected to be valued at US$ 1,050 Mn.

Report Attributes

Details

Anticipated Market Size (2022)

US$ 1,050 Mn

Expected Market Value in 2032

US$ 1,898.19 Mn

Value CAGR (2022-2032)

6.1%

Market Share of North America

66%

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

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Revenue from Baseball Equipment Industry from 2017 to 2021 Compared to Demand Outlook for 2022 to 2032

According to Fact.MR- a market research and competitive intelligence provider- sales of baseball equipment expanded at a CAGR of 5% from 2017 to 2021. Growth is attributed to the increasing popularity of baseball as a sport, attributed to heightening awareness about engaging in sports to maintain physical fitness.

During the COVID-19 pandemic, sales declined drastically in 2020. The imposition of stringent lockdowns to contain the spread of infections led to cancellation of major baseball competitions, along with restrictions on public sporting activities. As the infection curves plateaued, however, sales gradually rebounded throughout 2021.

Baseball equipment sales across the globe are expected to account for roughly US$ 1,898.19 Mn revenues by 2032-end. As the world returns to normal, public sporting events are expected to resume, including public baseball competitions. This will significantly heighten growth prospects, surging at a CAGR of 6.1% from 2022 to 2032.

What are the Prominent Driving Factors of Baseball Equipment?

The introduction of several new baseball tournaments is an emerging trend fuelling participation in the sport. These tournaments aim at enhancing the popularity of baseball worldwide, thereby creating a high demand for relevant equipment.

Moreover, governments of several countries are encouraging the masses to participate in baseball as a professional sport, which is forming a positive outlook for the market. Some of the other factors contributing to the market growth include the rising preference for customized baseball equipment and easy product availability through online retail channels.

An Adaptive Approach to Modern-day Research Needs

What are the Key Trends & Growth Opportunities in the Baseball Equipment Market?

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.

Region-wise Analysis

Why is the Baseball Equipment Market in North America anticipated to grow at a Substantial Pace?

High Popularity of Baseball as a Sport Widening Growth Prospects

In North America, participation in baseball has been surging significantly in light of the option available to youth for selecting baseball as a professional career. A large number of individuals have depicted high interest in baseball since the recent past in the region, which in turn has driven demand for baseball equipment.

North America has been slated by the report to remain the fast-expanding as well as the largest market for baseball equipment. Among products available in the baseball equipment market, the bat segment is expected to retain its dominance with a revenue share of approximately 66% between 2022 and 2032.

The rise in wages of baseball players in tandem with the sport’s surging popularity has been driving demand for a baseball bat. Baseball bats manufactured by using wood are expected to remain preferred among players.

What makes APEJ a Prominent Market for Baseball Equipment Products?

The APEJ region is an emerging market for the industry owing to the growing adoption of western sports, government initiatives, increasing disposable incomes, and changing lifestyles in regions like Japan, China, and South Korea. Baseball Federation of Asia organizes several tournaments like Asian Baseball Championship, U-18 baseball Championship etc and promotes events to increase the popularity of baseball across the region, in turn, boosting the demand for baseball equipment.

The Asian Baseball Championship is typically held every two years. Chinese Taipei has hosted the past four editions of the Asian Baseball Championships, including the 2019 edition which was won by the host nation. The board announced the importance of Asia in international baseball and also about the sport being included as part of the recently announced Olympic Virtual Series. Fact.MR expects the Asia Pacific market to surge at a CAGR of 7% through 2032.

Baseball Equipment Market forecast analysis by Fact.MR

Category-wise Insights

Which Distribution Channel Influence the Global Sales of Baseball Equipment?

Baseball equipment sales via modern trade channels are projected to expand at a CAGR of 3% from 2022 to 2032. This growth is attributed to the supermarkets' easy and wide availability of baseball equipment products. This helps the customers to choose a wide range of products through physical verification before any purchase.

Besides, the players are persuaded towards buying equipment from the supermarkets, to get the proper fit for the equipment and get the best performance. These factors are expected to drive the segment shortly.

Which Baseball Equipment Type Generates Highest Sales Revenue?

Bats and gloves are anticipated to continue dominating the global baseball equipment market, with revenues collectively slated to exceed US$ 1,000 Mn by 2032-end. Sales of gloves will reflect a comparatively higher CAGR than sales of bats through 2032.

Incessant usage of different materials, including wood, composite, hybrid, and aluminium, based on baseball bats on account of perceiving greater performance depending on different pitches is expected to drive the bat segment in future.

Interested to Procure The Data

Competitive Landscape

Prominent players are embracing innovative approaches such as ground-breaking marketing tactics, technological advancements, mergers, and acquisitions to expand their market ground

  • 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.

Baseball Equipment Market Report Scope

Attribute

Details

Historical Data Available For

2017-2021

Projected Forecast Period

2022-2032

Market Analysis

  • US$ Mn for Value
  • Units for Volume

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • Japan
  • APEJ
  • Middle East & Africa

Key Segments Covered

  • Product Type
  • Sales Channel
  • Buyer Type
  • Region

Key Countries Profiled

  • U.S
  • Canada
  • Germany
  • France
  • U.K
  • Italy
  • Spain
  • China
  • India
  • Malaysia
  • South Korea
  • Australia
  • GCC
  • South Africa
  • Israel

Key Segments Covered in the Baseball Equipment Industry Report

  • By Product Type

    • Baseball Bats
    • Baseball Helmets
    • Baseball Equipment Bag
    • Baseball Gloves
    • Baseball Accessories
  • By Sales Channel

    • Baseball  Equipment Sales via Independent Sports Outlets
    • Baseball  Equipment Sales via Franchised Sports Outlets
    • Baseball  Equipment Sales via Modern Trade Channels
    • Baseball  Equipment Sales via Direct to Customer Brand Outlets
    • Baseball  Equipment Sales via Direct to Customer Online Channels
    • Baseball  Equipment Sales via Direct to Customer Institutional Channels
    • Baseball  Equipment Sales via Third Party Online Channels
  • By Buyer Type

    • Individual Baseball Equipment
    • Institutional Baseball Equipment
    • Promotional Baseball Equipment

- FAQs -

As of 2022, baseball equipment sales are expected to touch US$ 1,050 Mn, as per Fact.MR
According to Fact.MR, sales of baseball equipment surged at a CAGR of 5% from 2017 to 2021
From 2022-2032, demand for baseball equipment is forecast to flourish at a CAGR of 6.1%
By 2032, the market for baseball equipment is expected to reach US$ 1,898.19 Mn
As per Fact.MR, baseball equipment demand in North America is expected to account for 66% of global value
From 2022 to 2032, baseball equipment sales in APEJ will likely increase at a CAGR of 7%
Modern trade channels are likely to witness maximum sales of baseball equipment, growing at a 3% CAGR until 2032
Baseball bats and gloves will collectively acquire a valuation of US$ 1,000 Mn by equipment type

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Is the market research conducted by Fact.MR?

Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

What research methodology is followed by Fact.MR?

Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

What are the sources of secondary research?

Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

Who are the respondents for primary research?

Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.

Is a sample of this report available for evaluation?

Yes, you can request a sample, and it will be sent to you through an email.