PUBLISHER: Allied Market Research | PRODUCT CODE: 1179693
PUBLISHER: Allied Market Research | PRODUCT CODE: 1179693
The global baseball equipment market size was valued at $3,510.1 million in 2021, and is projected to reach $5,126.3 million by 2031, registering a CAGR of 3.8% from 2022 to 2031.
Baseball equipment is a specially designed equipment used for playing baseball. It includes a bat, gloves, helmet, ball, and other protective gear which is widely used in playing baseball. Different types of bats are available in the market. These include wooden, alloy, composite, hybrid, and others. Four types of gloves are used in playing baseball which include outfielder, infielder, first base, and catcher. These four types of gloves have different functions and designs as well as are available in different sizes. There are three types of helmets such as fastpitch, open face, and jaw guard helmet which are widely used in baseball. Protective gears include shin guards, foot guards, and others that protect against balls fouled straight down.
The increase in popularity of the sport across the globe owing to its fast pace and physical nature attracts many consumers to watch and ultimately play the sport either casually as exercise, or start seriously practicing the sport to turn it into a profession. Moreover, governments have increased investment in sports and sports scholarships as well as sports events which further motivates the younger population of the countries in which the sort is popular to take up the sport professionally, which is expected to boost the growth of the baseball equipment market. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, Italy, Spain, UK, Russia, and rest of Europe), Asia-Pacific (China, Japan, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, United Arab Emirates, Argentina, and rest of LAMEA).
The impact of the COVID-19 outbreak was high on the growth of the baseball equipment market owing to the lockdown imposed by the government in many countries around the globe. The rise in internet penetration and surge in e-commerce sales contributed to the growth of the market. However, trade restrictions and lockdown resulted in the halting of production and manufacturing units. Conversely, the recovery of the baseball equipment market is expected in the near future.
The major players operating in the market focus on key market strategies, such as mergers, product launches, acquisitions, collaborations, and partnerships. They have been focusing on strengthening their market reach to maintain their goodwill in the ever-competitive market. Some of the key players in the baseball equipment market include Marucci Sports, Victus Sports, Demarini, Adidas, Easton, Mizuno, New Balance, Nike, Rawlings, and Wilson.
Key Benefits For Stakeholders
By Distribution Channel
By Price Point
By Type
By Buyer Type
By Region