According to a report, “Baseball Equipment Market Size, Share & Trends Analysis Report By Product (Bat, Helmet), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores), And Segment Forecasts, 2019 – 2025”, published by Grand View Research, Inc.,The global baseball equipment market size is expected to reach USD 19.2 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.3% over the forecast period. Extensive popularity of sports due to media coverage of tournaments and leagues is encouraging the youth and adults to participate in the sport.
In addition, the global market is expected to witness an augmented growth on account of government initiatives on encouraging participation for baseball among the customers in U.S. and Canada. 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.
Over the past few years, the leading manufacturing companies have been increasing spending on the launch of new helmets on account of increased incidences of head injuries in baseball and other ball games. In order to prevent major head injuries in baseball, these companies are coming up with helmet variants with better impact absorbing features, in order to prevent any head injuries. For instance, in 2018, 2ND Skull, launched an additional headgear to minimize the impact of head injuries by 50%.
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Further key findings from the report suggest:
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By product, helmet is anticipated to expand at a CAGR of 4.0% from 2019 to 2025 owing to growing awareness regarding the usage of protective gears baseball in order to prevent permanent head injuries
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Bat dominated the global market in 2018 due to new product launches with new designs according to the latest fashion trends and preferences of the customers
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By distribution channel, supermarkets/hypermarkets dominated the market in 2018, as different material based bats are used to play in different pitches of baseball
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North America dominated the market in 2018, accounting for 37.3% share of the global revenue. This trend is projected to continue over the next few years due to high preference for outdoor sports and growing awareness of their benefits in U.S. and Canada
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Asia Pacific is expected to expand at a CAGR of 3.5% from 2019 to 2025
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The industry is highly competitive in nature with the key market players including Nike; Adidas; Newell Brands Inc.; Amer Sports; Mizuno Corporation; Zett Corporation; Under Armour Inc.; Schutt Sports Inc.; Phoenix Bat Company; and YONEX Co. Ltd.
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.
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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.
Grand View Research has segmented the global baseball equipment market on the basis of product, distribution channel, and region:
Baseball Equipment Product Outlook (Revenue, USD Million, 2015 – 2025)
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Bat
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Helmet
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Gloves
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Equipment Bag
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Accessories
Baseball Equipment Distribution Channel Outlook (Revenue, USD Million, 2015 – 2025)
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Supermarkets/Hypermarkets
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Convenience Stores
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Online
Baseball Equipment Regional Outlook (Revenue, USD Million, 2015 – 2025)
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North America
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U.S.
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Canada
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Mexico
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Europe
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U.K.
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Germany
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Asia Pacific
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Japan
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Central & South America
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Brazil
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Middle East & Africa
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South
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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