In the United States, according to a survey by The Harris Poll, the second most popular sport is Major Leagues Baseball. Popularity of baseball is further gaining significant momentum in Europe, with an exceptional performance of the Netherlands in World Baseball Classic League, 2013. Introduction of several new baseball tournaments is an emerging trend fuelling participation in the sport. These tournaments aim at enhancing popularity of baseball worldwide, thereby creating high demand for relevant equipment. Over the past few years, several innovations have been witnessed in baseball equipment, particularly in baseball gloves and bats. A great example of this is the introduction of heavier balanced baseball bats incorporated with an inner rigid hard aluminum barrel along with a compressible polymer sleeve. These bats enhance the player’s performance by enabling more contact of barrel area with the ball, improving ball rotation, and increasing size of crosswire full energy transfer.
A recently published report of Fact.MR envisages the global market for baseball equipment to register a modest CAGR between the period 2017 and 2026. Baseball equipment sales across the globe are expected to account for roughly US$ 1,200 Mn revenues by 2026-end.
Market Taxonomy
|
Region |
Product Type |
Sales Channel |
Buyer Type |
|
North America |
Bat |
Independent Sports Outlet |
Individual |
|
Latin America |
Helmets |
Franchised Sports Outlet |
Institutional |
|
Europe |
Equipment Bag |
Modern Trade Channels |
Promotional |
|
Japan |
Gloves |
Direct to Customer Brand Outlet |
|
|
APEJ |
Accessories |
Direct to Customer Online Channel |
|
|
MEA |
Direct to Customer Institutional Channel |
||
|
Third Party Online Channel |
North America to Dominate Global Baseball Equipment Market
In North America, participation in baseball has been surging significantly in light of 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, bat is expected to retain its dominance with a revenue share of approximately 66% during 2017 and 2026. The rise in wages of baseball players in tandem with surging popularity of the sport has been driving demand for baseball bat. Baseball bats manufactured by using wood are expected to remain preferred among players.
Key Takeaways from the Report
- Third party online channel and modern trade channels will dominate the global baseball equipment market during 2017 to 2026
- Individual buyers will continue to account for a comparatively larger revenue share of the market than institutional and promotional buyers combined
Competition Tracking
A few major vendors hold dominance in the global market for baseball equipment. Albeit there are only few leading vendors, nature of the market is highly fragmented on the back of the occupancy of many local and regional vendors. Competition among players in the global baseball equipment market is likely to intensify, which in turn will drive manufacturers to introduce advanced products in the foreseeable future. Key players sustaining expansion of the market, as identified by the report, include Easton, Mizuno, Rawlings (Jarden), Wilson (Amer Sports), Louisville Slugger, Nokona, Zett, SSK, Under Armour, and Nike.
Note: The insights mentioned here are of the respective analysts, and do not reflect the position of Fact.MR
Growth of the global baseball equipment market is anticipated to remain affected by innovations in bats & gloves, developments in tracking technology, and introduction of new tournaments. In addition, various development programs being undertaken by MLB for increasing the participation rate in the sport will create demand for baseball equipment in the upcoming years. The report, compiled by Fact.MR, provides in-depth analysis of the global baseball equipment market for the forecast period 2017-2026, and offers key insights about future market direction.
Scope
The scope of Fact.MR’s report is to analyze the global baseball equipment market for the forecast period 2017-2026 and provide readers an unbiased and accurate analysis. Manufacturers, stakeholders, and suppliers of baseball equipment in the global sports industry can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and sports journals.
Summary
The report commences with a brief information of the global baseball equipment market. This executive summary sets the tone for the rest of the report, providing users the scope of the report. The executive summary includes important facts and statistics on the global baseball equipment market.
Overview
The next section offers an overview of the baseball equipment market. This comprises an introduction to the market, along with a standard definition of the product – baseball equipment. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.
The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.
In order to offer readers with up-to-date information about the latest advancements in the global baseball equipment market, the report provides updates about market opportunities, which can benefit leading manufacturers of baseball equipment. With continuous evolution of the sports industry, keeping a record of latest developments and trends is fundamental for baseball equipment manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, pricing analysis, list of distributors, and cost structure are provided in this section.
Considering wide scope of the global market for baseball equipment, and to provide in-depth insights, Fact.MR’s report offers segment-wise analysis and forecast. The global baseball equipment market has been categorized on the basis of product type, sales channel, buyer type, and region. This segmentation analysis is comprehensive, along with a detailed country-wise forecast provided on all parameters.
The report’s last section comprises of the global baseball equipment market competitive landscape, to provide readers with the dashboard view of company analysis and market players. This competitive intelligence is based on the providers’ categories across value chain, and their presence in the global baseball equipment market.
Research Methodology
Fact.MR is committed to offer unbiased and independent market research solutions to its clients. Each market report of Fact.MR is compiled after months of exhaustive research. We bank on a mix of tried-and-tested and innovative research methodologies to offer the most comprehensive and accurate information. Our main sources of research include,
- Primary research
- Secondary research
- Trade research
- Focused interviews
- Social media analysis
Fact.MR offers custom research services that help clients to get specific research solutions
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Baseball Equipment Market Forecast, Trend Analysis & Competition Tracking - Global Market insights 2017 to 2026