Softball Equipment Market

Softball Equipment Market by Product Type (Bat, Helmets, Equipment Bag, Gloves, Accessories), Sales Channel (Independent Sports Outlet, Franchised Sports Outlet, Modern Trade Channels, Direct to Customer Brand Outlet, Direct to Customer Online Channel, Direct to Customer Institutional Channel, Third Party Online Channel), Buyer Type (Individual, Institutional, Promotional) & region forecast till 2033

Analysis of Softball Equipment Market Covering 30 + Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Softball Equipment Market Snapshot (2022-2033)

The global softball equipment market is expected to garner a market value of US$ 507.75 Million in 2023 and is expected to accumulate a market value of US$ 716.23 Million by registering a CAGR of 3.5% in the forecast period 2023-2033. Growth of the softball equipment market can be attributed to government initiatives on encouraging the population for participating in softball as a professional sport are expected to increase the demand for softball equipment in the near future. The market for softball equipment registered a CAGR of 2.5% in the historical period 2018-2022.

Softball equipment includes a ball, gloves, bats, and other gear used to play the game. The most important piece of softball equipment is the ball. Softballs are larger than baseballs and have a higher bounce. They are typically made of rubber or plastic and can be white or yellow. Bats come in many different shapes and sizes, but all must meet certain specifications set by the governing body of softball, the Amateur Softball Association (ASA). Gloves help players catch balls and protect their hands from being hit by pitches.

The increasing popularity of softball as a sport is the major key driver of the softball equipment market. In addition, a growing number of softball tournaments and leagues across the globe is creating lucrative opportunities for the market. Furthermore, rising demand for customized softball equipment along with technological advancements in the softball equipment manufacturing process is shaping the landscape of the market. Growing awareness about the benefits of using advanced softball equipment is another factor influencing the growth of the market.

Anticipated Base Year Value (2022)

US$ 490.58 Million

Expected Market Value (2023)

US$ 507.75 Million

Projected Forecast Value (2033)

US$ 716.23 Million

Global Growth Rate (2023-2033)

3.5% CAGR

Expected Market Share of North America Market (2023)

40%

Expected Growth Rate of Asia Pacific (2023-2033)

3.5%

Major Softball equipment Service Providers

  • Nike
  • Newell Brands Inc.
  • Mizuno Corporation
  • Under Armour Inc.
  • Phoenix Bat Company
  • Adidas
  • Amer Sports
  • Zett Corporation
  • Schutt Sports Inc.
  • Peak Achievement Athletics

Sales Analysis of Softball Equipment (2018-2022) Vs. Market Forecast Outlook (2023-2033)

According to Fact.MR, the market softball equipment market registered a CAGR of 2.5% in the historical period 2023-2033.

Although playing and indulging in sports has always been popular, the COVID-19 pandemic affected the sales of sports equipment on a large scale. This is owing to the nation-wide lockdown across the globe. In the upcoming years, urbanization, sports tournaments and sports leagues are expected to create opportunities for softball equipment. In addition, sports start-up and established companies are launching attractive equipment to attract consumers of all age groups.  

Thus, the market for softball equipment is expected to register a CAGR of 3.5% in the forecast period 2023-2033.

Which are Some Prominent Drivers of Softball Equipment Market?

Growing inclination towards softball spurring sales of softball equipment

Over the past few years, an upsurge in the awareness about fitness & health among the global population is being witnessed, driven by the desire for better and healthy lifestyle. This has further spurred the interest of individuals in various sports, and softball is no exception. Growing interest in softball among the general public has created significant demand for softball equipment.

Individuals currently seek tailored softball products that meet their expectations and needs, which in turn has led manufacturers of softball equipment to offer customized equipment. In addition to its association with health benefits, softball is now being viewed as a medium of social engagement, and outlet for personal accomplishment.

Development and innovation in softball equipment favouring growth of market

Several softball tournaments have been introduced, which in turn have proliferated the participation in the sport. Innovations in softball equipment including gloves and bats are further boosting their sales. 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. 

In addition, constant development and innovation in the equipment and gears for softball are influencing the demand for softball equipment. Furthermore, 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.

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What are the Challenges Faced by the Softball Equipment Market?

Counterfeiting of products affecting overall growth of softball equipment market

A notable rise in adoption of counterfeit products is expected to be a major threat for companies in the softball equipment market, as sports equipment are highly vulnerable to persisting economic conditions worldwide. Counterfeit softball equipment have adverse effects on brand names and revenues generated in the market. In addition, competitive prices of softball equipment is derailing the overall progress of the softball equipment market.

Comparative View of Softball Equipment Markets

Attributes

Softball equipment Market

Baseball Equipment Market

Softball Apparel Market

CAGR (2023-2033)

3.5%

6.1%

2.3%

Market Value (2032)

US$ 716.23 Million

US$ 1898.19 Million

US$ 270 Million

Growth Factor

Increasing urbanization, inclination towards sports along with launch of online sites is bolstering the demand for softball equipment market.

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 is creating lucrative opportunities for baseball equipment market.

Increasing participation of women in sports has spurred the popularity of amateur-level games such as softball is a crucial driver for the growth of softball apparel.

Opportunity

Launch of start-up players along with established players is creating lucrative opportunities for softball equipment market.

Integration of Artificial Intelligence and Virtual Reality (VR) takes the players as close to the players as possible is expected to drive the baseball equipment market during the forecast period.

As the number of women partaking in softball events continues to grow at a steady pace, manufacturers in the sporting goods industry are extending their capacities to meet the demands.

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Region-Wise Insights

Health-Conscious Population of North America Creating Lucrative Opportunities for Softball Equipment Market?

Softball catering to socializing and fitness activities in North America

High disposable incomes of the population in North American countries is expected to remain a major factor driving growth of the softball equipment market in the region. In addition, people in North America are increasingly becoming health-conscious and adopting measures to keep themselves fit as well as engaged in social activities, and softball is one of the popular means in catering to both these requirements.

The female population in the region is also taking high interest in the sport. Driven by aforementioned factors, North America will continue to be the largest market for softball equipment. Thus, North America is expected to possess 40% market share for softball equipment in 2023.

Government Initiatives Supporting Growth of Softball Equipment in Asia Pacific?

Changing lifestyle and easy accessibility to sports influencing growth of softball equipment in Asia Pacific

Asia Pacific is expected to expand at a CAGR of 3.5% from 2023 to 2033. Increasing adoption of western sports, along with favorable government initiatives to increase spending on softball 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. Moreover, millennials and generation Z have shown a keen inclination towards investing in softball. This, in turn, is positively influencing the demand for softball equipment.

Category-Wise Insights

Huge Adoption of Baseball Bats by Professionals Influencing Adoption of Softball Bats?

Wooden softball bats gaining traction owing to durability

Based on product type, softball bats are likely to lead the market in terms of revenues, with demand mainly driven by huge adoption of wooden softball bats by professional as well as amateur players. In addition, rising retail costs of softball bats are further complementing revenue generation through this product segment.

Bat is anticipated to expand at a CAGR of 3.6% from 2023 to 2033. 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.

Convenience of Online Shopping Attracting Consumers to Buy from Third Party Online Channel?

Exclusive launch of product range attracting consumers to shop from third part online channels

Third party online channel are anticipated to expand at a CAGR of 4% from 2023 to 2033. This growth is attributed to easy and wide availability of softball equipment products in the third-party online channel. Furthermore, the players are inclined towards buying equipment from the third-party online channel owing to the convenience online shopping provides. These factors are anticipated to drive the segment in the near future.

Through the third-party online channel, customers are exposed to the early purchase of latest and limited edition products, which are not available in the supermarkets. Thus, third party online channel are projected to remain the fastest expanding as well as dominant sales channel for softball equipment during 2023 to 2033.

Country-wise Forecast CAGRs for the Softball equipment Industry

U.S.

3%

Canada

2.9%

China

3%

India

2.5%

Market Competition

The global market for softball equipment will continue to be dominated by few leading vendors competing in terms of market reach and product offerings. Competition in the market is expected to intensify in the upcoming years, with growing product extensions and shares of the vendors.

These vendors are introducing innovative equipment for enhancing their product portfolio and increasing their market share through products such as softball bats with enhanced swing speed, lightweight gloves, and tracking technologies.

Prominent key players driving growth of the softball equipment market globally include Nike, Newell Brands Inc., Mizuno Corporation, Under Armour Inc., Phoenix Bat Company, Adidas, Amer Sports, Zett Corporation, Schutt Sports Inc and Peak Achievement Athletics.

  • Phoenix Bat Company, a key player in the softball equipment company is focusing on offering bats for men, women, youth and children. Thus, the company is customizing softball bats according to the need of the people.
  • Adidas, another key player in the softball equipment market is focusing on making 60% of softball equipment with sustainable material. The company is focusing on becoming carbon neutral at the soonest.

Key Segments Profiled in the Softball Equipment Industry Survey

  • Product Type

    • Bat
    • Helmets
    • Equipment Bag
    • Gloves
    • Accessories
  • Sales Channel

    • Independent Sports Outlet
    • Franchised Sports Outlet
    • Modern Trade Channels
    • Direct to Customer Brand Outlet
    • Direct to Customer Online Channel
    • Direct to Customer Institutional Channel
    • Third Party Online Channel
  • Buyer Type

    • Individual
    • Institutional
    • Promotional
  • Region

    • North America
    • Latin America
    • Europe
    • Japan
    • APEJ
    • MEA

- FAQs -

What was the market worth for softball equipment in 2022?

As of 2022, the softball equipment market was worth US$ 490.58 Million.

At what value is the softball equipment industry likely to close by 2023?

Fact.MR foresees softball equipment demand to reach US$ 507.75 Million in 2023.

At what percentage will the market for softball equipment rise until 2033?

From 2023-2033, Fact.MR expects softball equipment revenue to flourish at a 3.5% CAGR.

What is the expected market value for softball equipment in 2033?

In 2033, softball equipment market worth is poised to reach US$ 716.23 Million.

How do growth prospects for softball equipment appear in the North America?

North America is expected to dominate the global industry in 2023 and account for the maximum share of more than 40% of the overall revenue.

How do growth prospects for softball equipment appear in the Asia Pacific?

Asia Pacific is expected register a CAGR of 3.5% in the assessment period 2023-2033.

What are the growth prospects for U.S., Canada, India and China?

U.S., Canada, India and China will flourish at a CAGR of 11.4% combined until 2032.

Which type of product is expected to hold the maximum share for softball equipment market?

By product, bats are anticipated to expand at a CAGR of 3.6% from 2023 to 2033.

Which type of sales channel is expected to hold the maximum share for softball equipment market?

Third party online channel are anticipated to expand at a CAGR of 4% from 2023 to 2033.

Softball Equipment Market

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