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Global Baseball Equipment Market to Grow at a CAGR of about 3.1% between 2019 and 2024.

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"According to a new report by EMR titled, ‘Global Baseball Equipment Market Report and Forecast 2019-2024', the global baseball equipment market reached a value of almost USD 16 billion in 2018. The market is further expected to grow at a CAGR of 3.1% in the forecast period of 2019-2024 to attain a value of USD 19 billion by 2024."

The global baseball equipment market is being driven by the growing popularity of baseball, along with spreading awareness about general fitness. Baseball equipment such as gloves, helmets, and other accessories have been made mandatory for the game to ensure the safety and comfort of the players while performing sports. Constant innovation and development in the equipment and gears for baseball are positively impacting the market for baseball equipment. North America is leading the industry as the US government has taken significant initiatives and encouraged investment in baseball to motivate individuals to become professionals.

Nike, Inc. (NYSE: NKE), Newell Brands Inc. (NASDAQ: NWL), and Schutt Sports are some of the major players in the global baseball equipment market. In 2017, Schutt Sports reached a multi-year scholarship agreement with the American Amateur Baseball Congress (AABC), one of the largest amateur baseball organizations, to become the Official Batters Helmet for the association. The company focuses on the security of the baseball players on the field by providing baseball equipment. Baseball equipment includes a helmet, gloves, bat, and other accessories to help protect the health of the player while playing. Advancements and innovation of these products are enhancing the growth of the market.

Market Analysis by Product, Distribution Channel, and Region:

  • The baseball equipment market, on the basis of the product, is divided into bat, helmet, equipment bag, gloves, and accessories. 
  • The market is divided on the basis of distribution channels into supermarkets/hypermarkets, convenience stores, and offline. 
  • The global baseball equipment industry has its markets in North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The market for baseball equipment is being driven by the initiatives taken up by governments encouraging citizens to take up baseball as a professional sport. 
  • Increasing health awareness regarding baseball, which can be used to deal with stress and anxiety issues, is bolstering the global baseball equipment industry growth. 
  • Innovation and steady development in the fitness sector are affecting the demand for baseball equipment positively. 
  • The industry for baseball bat is expected to expand due to the high consumption of baseball bats.
  • Increasing disposable incomes and changing lifestyles are further propelling the market.

Key Offerings of the Report:

  • The EMR report gives an overview of the global baseball equipment market for the periods (2014-2018) and (2019-2024).
  • The report offers the historical (2014-2018) and forecast (2019-2024) markets for the product, distribution channel, and regional markets of baseball equipment.

Nike, Inc., Adidas AG, Newell Brands Inc., Amer Sports, Mizuno USA Inc, Under Armour, Inc., and Schutt Sports are the key players in the global baseball equipment market as identified by EMR. The comprehensive report covers their market share, capacity, and latest developments like mergers and acquisitions, and capacity expansions.

About Us:

EMR is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At EMR, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

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"Global Baseball Equipment Market: By Product: Bat, Helmet, Equipment Bag, Gloves, Accessories; By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, Offline; By Region: North America, Europe, Asia Pacific, LATAM, Middle East & Africa; Historical Supply and Demand (2014-2018); Supply and Demand Forecast (2019-2024); SWOT Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Events and Developments"

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