The global baseball equipment market grew at a CAGR of around 4% during 2015-2020. Baseball equipment comprises bat, gloves, socks, jerseys and cleats worn by individuals to participate in sports or recreational activities. It also includes equipment bags, helmets, jockstraps, arm guards and chest protectors, which are utilized to prevent and lessen the impact of injuries. It is generally available in a wide variety of materials, sizes, colors and designs. At present, a significant rise in baseball events is encouraging the adoption of baseball equipment around the world.
The growing awareness about the health benefits associated with the sports activities like baseball, along with the increasing prevalence of chronic diseases, represents one of the major factors strengthening the growth of the baseball equipment market. Apart from this, governing agencies of various countries are focusing on the introduction of different tournaments and leagues to encourage the participation of individuals in outdoor sports. They are also mandating protective gear to ensure the safety and comfort of players on the field. This is resulting in the increasing popularity of the game, which, in turn, is influencing the market positively. Moreover, inflating disposable incomes and changing lifestyles of individuals are promoting the adoption of high performance and premium baseball equipment across the globe. Furthermore, the ease of use and wide availability of products are escalating the demand for baseball equipment through online distribution channels. Furthermore, the leading market players are offering customized products through these portals, which is anticipated to bolster the market growth in the coming years. Looking forward, IMARC Group expects the global baseball equipment market to exhibit moderate growth during the next five years.
IMARC Group provides an analysis of the key trends in each sub-segment of the global baseball equipment market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, product type and distribution channel.
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The competitive landscape of the industry has also been examined along with the profiles of the key players being Adidas, Akadema Inc., Franklin Sports, Marucci Sports LLC, Mizuno Corporation, Nike, Phoenix Bat Company, Under Armour Inc., Wilson Sporting Goods Co. (Amer Sports Oyj) and Zett Corporation.
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