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Baseball Equipment Market Size, 2025 | Industry Outlook Report

Baseball Equipment Market Analysis By Product, By Distribution Channel And Segment Forecasts From 2019 To 2025

Report ID: MN17619639  |  Published: May 2020  |  No of Pages: 80
Format: Electronic (PDF)  |  Industry: Consumer Goods  |  Publisher: Grand View Research

Industry Insights

The global baseball equipment market size was accounted for USD 15.3 billion, in 2018. Factor such as growing participation in outdoor sports especially of adults and youngsters are expected to bode well the market growth. Moreover, government initiatives on promoting participation in baseball and the introduction of several new tournaments are anticipated to proliferate the demand for baseball equipment over the estimated duration. Also, manufacturers are inclined towards producing customized baseball equipment resulting in increasing the visibility of the product.

For example, the U.S. government in 2019, introduced a four day athlete development program for off and on-field athletes and to offer better guidance to other contestants. Baseball is regarded as a preferred option to combat anxiety and laziness as this sport requires heavy use of power and energy to play the sport.

U.S. baseball equipment market

On the field, players are directed to use all the safety accessories such as gloves, helmets and others as they are the part of rules and help them in ensuring safety. Other factors such as the preference for general fitness and the evolving trend of a healthy lifestyle are also projected to boost market growth. Manufacturers are engaged in continuous innovation of various gears and equipment for baseball, which, in turn, is bolstering the demand for the product.

For example, in 2017, Catapult Sports, introduced a baseball analytics product, capable of analyzing the player’s sports performance, along with providing suitable recommendations to enhance the game and avoid errors. Such undertakings by the various manufacturers to offer an excellent gaming experience to players are also projected to boost the demand for the product over the forecast years. 

Product Insights

Bat is expected to ascend with a CAGR of 3.3% over the forecast period. The growing use of different materials such as aluminum, wood, hybrid and composite depending on baseball bats to offer excellent performance on different pitches. This factor is projected to augment the growth of bat segment in the coming years. Considering the growing demand for baseball bats owing to wear and tear, a company named Wilson sporting goods collaborated with Autism Speaks in 2019, to introduce excellent performance and limited edition gloves and bats. These products are specially designed for professional and premium baseball players.

The helmet is predicted to grow at a CAGR of 4.0% over the forecast period. Factors such as increasing injuries in various ball games and preferences for safety planning are driving the demand for the product. Manufacturers are focusing on the introduction of a new product; in consideration of head safety concerns of the baseball player which is are anticipated to supplement the baseball equipment market growth in the upcoming years.  

Distribution Channel Insights

Supermarkets/Hypermarkets are expected to grow at a CAGR of 3.0% over the estimated duration. Easy accessibility of a wide variety of equipment along with options to verify the product before making a purchase decision is driving the growth of the segment. Moreover, customers can select products that fit their requirement and offer excellent performance. Such factors are expected to boost the segment growth in the upcoming years.

Customers residing nearby convenience stores prefer to use these stores for purchasing baseball equipment. Customers can get limited editions from these stores which are not sold in supermarkets. These stores are mainly the branded outlets of the leading players such as YONEX, Nike and Adidas offering early purchase of various equipment.

Global baseball equipment market

The online distribution channel is projected to register a CAGR of 4.0% over the forecast period. The growing penetration of e-commerce retail and increasing internet users are boosting the growth of online sales. Further, the online segment offers home delivery, ease in shopping, a wide variety of brands at one place and lucrative discounts to customers. Players such as baseballwarehouse.com, decathlon.in and basebballexpress.com are the preferred online retails as they are coming up with many new services. These factors are predicted to supplement market growth over the forecast duration.

Regional Insights

North America led the baseball equipment market occupying 37.3% of the market share in 2018. Various initiatives are undertaken by the U.S. government to bolster investments in upcoming leagues and tournaments to encourage more participation in these leagues. This initiative is projected to support the market growth of baseball equipment.

Asia Pacific is projected to ascend with a CAGR of 3.5% from 2019 to 2025. Factors such as the growing preference for western sports and government support to increase investment in baseball in nations such as South Korea, Japan and China, are projected to accelerate the market growth. Moreover, changing the lifestyle of middle-class people and increasing per capita income of developing nations such as Thailand, China and India are anticipated to bode well for the market growth in the coming years.  

Baseball Equipment Market Share Insights

Leading players in this industry include Under Zett Corporation; Armour Inc.; Adidas; Phoenix Bat Company; Amer Sports; Nike; Mizuno Corporation; YONEX Co. Ltd.; Schutt Sports Inc.; and Newell Brands Inc. These players are emphasizing on introducing innovative products to maintain their dominance. Furthermore, manufacturers are also engaged in the manufacturing of functional products to meet the changing demand of consumers.     

Report Scope

Attribute

Details

Base year for estimation

2018

Actual estimates/Historical data

2015 - 2017

Forecast period

2019 - 2025

Market representation

Revenue in USD Million and CAGR from 2019 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors and trends

Country scope

U.S., Canada, Mexico, U.K., Germany, Japan, Brazil, and South Africa

15% free customization scope (equivalent to 5 analysts working days)

If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization


Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of latest industry trends in each of the sub-segments from 2015 to 2025. For the purpose of this study, Million Insights has segmented the global baseball equipment market report on the basis of product, distribution channel, and region:

• Product Outlook (Revenue, USD Million, 2015 - 2025)
    • Bat
    • Helmet
    • Gloves
    • Equipment Bag
    • Accessories

• Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)
    • Supermarkets/Hypermarkets
    • Convenience Stores
    • Online

• Regional Outlook (Revenue, USD Million, 2015 - 2025)
    • North America
        • U.S.
        • Canada
        • Mexico
    • Europe
        • Germany
        • U.K.
    • Asia Pacific
        • Japan
    • Central & South America
        • Brazil
    • Middle East & Africa
        • South Africa

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