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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:
Key Findings of the Report:
Key Offerings of the Report:
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.
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