The global baseball equipment market size was USD 3.62 Billion in 2022 and is likely to reach USD 4.93 Billion by 2031 , expanding at a CAGR of 3.5% during 2023–2031. The growth of the market is attributed to its drivers such as increase in the outdoor games and activities.
The global baseball equipment market is driven by the growing popularity of baseball, along with spreading awareness about general fitness. Baseball is played between two teams; each consists of nine players. Baseball equipment such as gloves, helmets, and other accessories have been made mandatory for the game to ensure the safety and comfort of the players while performing sports. Continuous innovation and development in the equipment and gears are positively impacting the market for baseball equipment’s. The players can modify or request the sponsoring company to make their product according to their playing style. This customization has further enabled the baseball equipment market to grow more. Moreover, emerging of new tournaments may further fuel the global baseball equipment market.
Market Trends, Drivers, Restraints, and Opportunities
-
Rising health awareness regarding general fitness is expected to drive the market.
-
Development and innovation in equipment is projected to create immense opportunities for the market players.
-
Increase in outdoor sports activity is estimated to drive the market.
Scope of the Report
The report on global baseball equipment market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
|
Details
|
Report Title
|
Baseball Equipment Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
|
Base Year
|
2022
|
Historic Data
|
2016–2021
|
Forecast Period
|
2023–2031
|
Segmentation
|
Products (Bats, Gloves, Shoes, Balls, and Protective Gear) and Applications (Specialty and Sports Shops, Department and Discount Stores, and Online Retail)
|
Regional Scope
|
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
|
Report Coverage
|
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
|
Key Players Covered in the Report
|
Adidas, Amer Sports, Performance Sports Group, Mizuno, and Nike
|
Market Segment Insights:
The bat segment is anticipated to expand at a CAGR of 3.3% during the forecast period
Based on products, the baseball equipment market is segregated into bats, gloves, shoes, balls, and protective gear. Increasing usage of different materials like composite, wood, hybrid, and aluminum for baseball bats on account of perceiving greater performance depending on pitches is estimated to fuel the bat segment. The helmet segment is expected to expand at a CAGR of 4.0% during the forecast period, owing to rising number of injuries and increasing awareness regarding safety of baseball game. Other products also have similar growth prospect.
The department and discount store is projected to hold major market share
On the basis of applications, the global baseball equipment market is fragmented into specialty and sports shops, department and discount stores, and online retail. The department and discount store segment is projected to expand at a 3% during the forecast period, owing to easy and wide availability in the supermarkets. Shopping through this segment helps customers to choose products through physical verification before purchase.
The online retail segment is projected to expand at a CAGR of 4% during the forecast period. Growth of the segment is attributed to easy availability of several brands at one place coupled with doorstep delivery to customers.
The market in North America is projected to hold a major market share
In terms of regions, the global baseball equipment market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in North America held major share with a market share of 37.3% in 2018. Initiatives by several governments worldwide to promote new leagues and tournaments to encourage participants to become professional are expected to drive the market.
The market in Asia Pacific is estimated to expand at a CAGR of 3.5% during the forecast period. Rising acceptance of western sports, along with favorable government initiatives to surge spending on baseball in China, Japan, and South Korea is projected to have a positive impact on the market. Moreover, rising disposable income and changing lifestyle of middle income groups in developing countries such as India, China, and Thailand are anticipated to boost the market.
Segments
Type
- Baseball Bats
- Baseball Gloves
- Baseball Shoes
- Baseball Balls
- Baseball Protective Gear
End-users
- Specialty and Sports Shops
- Department and Discount Stores
- Online Retail
Regions
- Asia Pacific
- North America
- Latin America
- Europe
Key Players
- Adidas
- Amer Sports
- Performance Sports Group
- Mizuno
- Nike
Competitive Landscape
The baseball equipment market is highly competitive and major market players include Adidas, Amer Sports, Performance Sports Group, Mizuno, and Nike. Innovation in products and rise in the outdoor game activities have enabled these companies to expand their horizon. Certain products are given as a part of promotion to players who perform best during season and match. Further more these companies release new product every year, thus fueling the global market.
