Global Baseball Equipment market share 2024, Forecast To 2033
25 Jan, 2024
The baseball equipment market has witnessed steady growth, progressing from $16.49 billion in 2023 to $17.26 billion in 2024, with a CAGR of 4.6%. Historical growth is attributed to the rising popularity of baseball, increased disposable income, government initiatives, heightened health awareness, and growing participation in sports. Moving forward, the market is expected to show strong growth, reaching $21 billion in 2028, with a CAGR of 5.0%. Factors contributing to this growth include an increasing focus on different tournaments and leagues, the development of baseball courses, e-commerce expansion, and overall economic growth. Major trends in the forecast period include eco-friendly and sustainable materials, customization and personalization, smart technology integration, and the use of lightweight and performance-enhancing materials.
Global Baseball Equipment Market Key Driver
The baseball equipment market is expanding as governments focus on tournaments and leagues. In 2020-21, the Government of India allocated Rs 2826.92 crore for sports, contributing to the growth of baseball as a professional sport. Government initiatives to promote sports and sponsor events are driving the growth of the baseball equipment market.
Get A Free Sample Of The Global Baseball Equipment Market ReportGlobal Baseball Equipment Market Segments
The global 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
By Geography: The regions covered in the Baseball Equipment market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
North Americawas the largest region in the baseball equipment market in 2023. Asia-Pacificis 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.
Major Baseball Equipment Industry Players
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
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Baseball Equipment Market Overview
Baseball equipment refers to a bat-and-ball game played between two opposite teams, typically of nine players in each team that take turns batting and fielding. Baseball equipment are helmets, gloves, equipment bags, jockstraps, cleats, arm guards, chest protectors, jerseys, and others that protect, entertain the players and avoid dangerous accidents during the tournaments.
Baseball Equipment Global Market Report 2023 provides data on the global baseball equipment market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The baseball equipment market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.