The baseball equipment market size is expected to see strong growth in the next few years. It will grow to $21 billion in 2028 at a compound annual growth rate (CAGR) of 5.0%. The growth in the forecast period can be attributed to increasing focus on different tournaments and leagues, development of baseball courses, e-commerce growth, economic growth. Major trends in the forecast period include eco-friendly and sustainable materials, customization and personalization, smart technology integration, lightweight and performance-enhancing materials.
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Segmentation & Regional Insights
The baseball equipment market covered in this report is segmented –
1) By Product: Bat, Helmet, Equipment Bag, Gloves, Other Products
2) By Buyer Type: Individual, Institutional, Promotional
3) By Distribution Channel: Supermarkets And Hypermarkets, Convenience Stores, Online Stores, Other Distribution Channels
North America was the largest region in the baseball equipment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the baseball equipment market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
Government focus on different tournaments and leagues is driving the growth of the baseball equipment market. Governments have been focusing on increasing participation in baseball as a professional sport. Baseball is helping to increase health awareness and is boosting the global baseball equipment industry. For instance, the Government of India allocated Rs 2826.92 crore (about $380 million) for sports in the 2020-21 budget, an increase of Rs 50 crore (about $6.75 million) over the revised estimates for 2019-20. Similarly, in 2021, to promote the game of basketball among young athletes, the Department of Sports & Youth Service, the Government, and the Odisha Basketball Association collaborated on the weekend basketball initiative. Therefore, the government’s focus on different tournaments and leagues drives the growth of the baseball equipment market rapidly.
Key Industry Players
Major companies operating in the baseball equipment market include Adidas AG, Nike Inc., Newell Brands Inc., Amer Sports, Mizuno USA Inc, Under Armour Inc., Schutt Sports Inc., Performance Sports Group Ltd., Akadema Inc., Phoenix Bat Company Inc., Ampac Enterprises Inc., ASICS Corporation., D-BAT Sports LLC, Zett Corporation, DeMarini Sports Inc., Easton Diamond Sports LLC, Hillerich & Bradsby Co., Marucci Sports LLC, New Balance Athletics Inc., Rawlings Sporting Goods Company Inc., Wilson Sporting Goods Co., All-Star Sporting Goods, Franklin Sports Inc., Baden Sports Inc., B45 Inc., Baum Research & Development Company, Combat Sports Inc., EvoShield LLC, Jugs Sports Inc., Lizard Skins Sports LLC, M^Powered Baseball Inc., Majestic Athletic Apparel Corp., Nokona Athletic Goods Company, Palmgard International Inc., Pro Ice Inc., Rip-It Sporting Goods LLC, Pro Performance Sports LLC, Tanel Corporation
The baseball equipment market report table of contents includes:
1. Executive Summary
2. Baseball Equipment Market Characteristics
3. Baseball Equipment Market Trends And Strategies
4. Baseball Equipment Market – Macro Economic Scenario
5. Global Baseball Equipment Market Size and Growth
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31. Global Baseball Equipment Market Competitive Benchmarking
32. Global Baseball Equipment Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Baseball Equipment Market
34. Baseball Equipment Market Future Outlook and Potential Analysis
35. Appendix
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