According to the latest report by IMARC Group, titled "Baseball Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026," the global baseball equipment market grew at a CAGR of around 4% during 2015-2020. Baseball is an outdoor game that is played with a ball and bat between two teams comprising nine players each. It strengthens the arms, improves hand-eye coordination and substitutes for a full-body cardiovascular workout. The use of helmets, gloves, jerseys, cleats, arm guards, chest protectors, and other related accessories is recommended as part of the game to ensure the safety and comfort of the players. Various baseball equipment are also worn for lessening or preventing the impact of injuries among the players.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Baseball Equipment Market Trends:
The global market is primarily driven by the increasing participation in outdoor sports activities, such as baseball. This can be accredited to the rising awareness regarding the importance of maintaining an active lifestyle to prevent chronic lifestyle disorders. Since participating in baseball is also known to combat stress and anxiety issues, this is expected to provide a boost to the sales of high-quality baseball equipment across the globe. Moreover, significant developments in sports infrastructure across the globe and the introduction of various sports leagues and tournaments to encourage the participation of individuals in outdoor games are also acting as major growth-inducing factors. Additionally, governments of several countries are encouraging the masses to participate in baseball as a professional sport, which is creating a positive outlook for the market. Some of the other factors contributing to the market growth include the rising preference for customized baseball equipment and easy product availability through online retail channels. On account of the aforementioned factors, the market is expected to exhibit moderate growth during 2021-2026.
- On the basis of the product type, the market has been divided into bat, helmet, gloves, equipment bag, and others.
- Based on the distribution channel, the market has been classified into supermarkets and hypermarkets, convenience stores, online stores, and others.
- On the geographical front, the market has been segregated into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.
- The competitive landscape of the market has been studied in the report with the detailed profiles of the key players. Some of these players include 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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