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Global Baseball Equipment Market to Grow at a CAGR of about 3% between 2021 and 2026.

According to a new report by EMR titled, ‘Global Baseball Equipment Market Report and Forecast 2021-2026', the global baseball equipment market reached a value of almost USD 16.9 billion in 2020. The market is further expected to grow at a CAGR of 3% in the forecast period of 2021-2026 to attain a value of USD 20.2 billion by 2026.

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 (2016-2020) and (2021-2026).
  • The report offers the historical (2016-2020) and forecast (2021-2026) 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:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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