GVR Report cover Baseball Equipment Market Size, Share & Trends Report

Baseball Equipment Market Size, Share & Trends Analysis Report By Product (Bat, Helmet), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores), And Segment Forecasts, 2019 - 2025

  • Report ID: GVR-3-68038-159-7
  • Number of Pages: 80
  • Format: Electronic (PDF)

Report Overview

The global baseball equipment market size was valued at USD 15.3 billion in 2018. Increasing number of participants including youngsters and adult players in outdoor sports is projected to be the key driving factor. Furthermore, government initiatives on encouraging the population for participating in baseball as a professional sport are expected to increase the demand for baseball equipment in the near future.

U.S. baseball equipment market

For instance, in February 2019, the U.S. Government launched a four day, both on and off field athlete development program to provide better guidance to the participants. Baseball is considered to be a significant option to deal with anxiety issues on account of extensive use of energy and power required in the sport.

Use of helmets, gloves, and other accessories has been recommended as a part of game rule, which ensures safety and comfort benefits to the players on the field. Increasing health awareness regarding general fitness is also a primary factor for driving the demand for the baseball equipment market. In addition, constant development and innovation in the equipment and gears for baseball are influencing the demand for baseball equipment.

For instance, Catapult Sports, in March 2017, launched a baseball analytics product, which analyses the performance of the player, highlights the errors in the performance, and provides the suitable recommendations for improving the game of the player. These initiatives by the manufacturers in order to provide better game experience to the players are also determined to increase the product demand in the upcoming future.

Product Insights

Bat is anticipated to expand at a CAGR of 3.3% from 2019 to 2025. Continuous usage of different materials, including wood, composite, hybrid, and aluminum, based on baseball bats on account of perceiving greater performance depending on different pitches is expected to drive the bat segment in future. Keeping in mind the high consumption of baseball bats due to usage and tear, in April 2019, Wilson sporting goods, along with Autism Speaks, has launched limited edition and high performance baseball bat and gloves, in order to attract the premium and professional players.

Helmet is expected to expand at a CAGR of 4.0% from 2019 to 2025. This growth is attributed to growing awareness regarding safety playing habits and increasing number of injuries related to ball games, reported throughout the globe. Furthermore, new product launches by the market leaders, in consideration of the head safety of the players, are expected to remain a favorable factor in the near future.

Distribution Channel Insights

Supermarkets/Hypermarkets are anticipated to expand at a CAGR of 3.0% from 2019 to 2025. This growth is attributed to easy and wide availability of baseball equipment products in the supermarkets. This, in turn, helps the customers to choose a wide range of products through physical verification prior to any purchase. Furthermore, the players are inclined towards buying equipment from the supermarkets, in order to get the proper fit for the equipment and get the best performance. These factors are anticipated to drive the segment in the near future.

Baseball equipment products are also bought through convenience stores nearby customers. These include the branded outlets of the market leaders including Nike, Adidas, and YONEX. Through the convenience store, customers are exposed to the early purchase of latest and limited edition products, which are not available in the supermarkets.

Global baseball equipment market

The online segment is expected to expand at a CAGR of 4.0% on account of the intervention of various ecommerce stores in the market in order to meet the supply and demand of the market. Moreover, online portals offer an ease of availability and collective brands at one place, along with doorstep delivery to the customers. Companies such as decathlon.in, baseballexpress.com, and baseballwarehouse.com are coming up with new services for delivering customized products to the customers. These factors are expected to open new avenues for the market in the near future.

Regional Insights

North America emerged as the dominant regional market with a share of 37.3% in 2018. Initiatives by the U.S. government to promote investment in new tournaments and leagues for baseball in order to encourage the participants to become professionals are expected to remain a key driving force.

Asia Pacific is expected to expand at a CAGR of 3.5% from 2019 to 2025. Increasing adoption of western sports, along with favorable government initiatives to increase spending on baseball in Japan, China, and South Korea, is expected to have a positive impact on the market growth. Furthermore, increasing disposable income and changing lifestyle among the middle-income groups of emerging economies including China, India, and Thailand are expected to open up new avenues for the industry over the next few years.

Key Companies & Market Share Insights

Key market players include Nike; Adidas; Newell Brands Inc.; Amer Sports; Mizuno Corporation; Zett Corporation; Under Armour Inc.; Schutt Sports Inc.; Phoenix Bat Company; and YONEX Co. Ltd. The companies are focusing on acquiring a larger market share by developing new and innovative products. Moreover, the companies are focused on designing functional products in order to meet the demand of customers.

Baseball Equipment Market Report Scope

Report Attribute

Details

Market size value in 2020

USD 16.18 billion

Revenue forecast in 2025

USD 19.22 billion

Growth Rate

CAGR of 3.3% from 2019 to 2025

Base year for estimation

2018

Historical data

2015 - 2017

Forecast period

2019 - 2025

Quantitative units

Revenue in USD million/billion and CAGR from 2019 to 2025

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Product, distribution channel, region

Regional scope

North America; Europe; Asia Pacific; Central & South America; Middle East & Africa

Country scope

U.S.; Canada; Mexico; Germany; U.K.; Japan; Brazil; South Africa

Key companies profiled

Nike; Adidas; Newell Brands Inc.; Amer Sports; Mizuno Corporation; Zett Corporation; Under Armour Inc.; Schutt Sports Inc.; Phoenix Bat Company; YONEX Co. Ltd.

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

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Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2025. For the purpose of this study, Grand View Research has segmented the global baseball equipment market report on the basis of product, distribution channel, and region:

  • Product Outlook (Revenue, USD Million, 2015 - 2025)

    • Bat

    • Helmet

    • Gloves

    • Equipment Bag

    • Accessories

  • Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)

    • Supermarkets/Hypermarkets

    • Convenience Stores

    • Online

  • Regional Outlook (Revenue, USD Million, 2015 - 2025)

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • U.K.

    • Asia Pacific

      • Japan

    • Central & South America

      • Brazil

    • Middle East & Africa

      • South Africa

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