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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Baseball Equipment
Market Report Highlights
- 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
- 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
- By
distribution channel, supermarkets/hypermarkets dominated the market in 2018,
as different material based bats are used to play in different pitches of
baseball
- 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
- Asia Pacific
is expected to expand at a CAGR of 3.5% from 2019 to 2025
- 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.
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Baseball Equipment
Market Segmentation
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)
- Bat
- Helmet
- Gloves
- Equipment Bag
- Accessories
Baseball Equipment
Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)
- Supermarkets/Hypermarkets
- Convenience Stores
- Online
Baseball Equipment
Regional Outlook (Revenue, USD Million, 2015 - 2025)
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- Germany
- Asia Pacific
- Japan
- Central & South America
- Brazil
- Middle East & Africa
- South Africa
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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