Baseball Equipment Market Research, 2031
The global baseball equipment market size was valued at $3.5 billion in 2021, and is projected to reach $5.1 billion by 2031, growing at a CAGR of 3.8% from 2022 to 2031.
Baseball equipment is specially designed equipment used for playing baseball. It includes a bat, gloves, helmet, ball, and other protective gear which is widely used in playing baseball. Different types of bats are available in the market. These include wooden, alloy, composite, hybrid, and others. Four types of gloves are used in playing baseball which includes outfielder, infielder, first base, and catcher. These four types of gloves have different functions and designs as well as are available in different sizes. There are three types of helmets such as fastpitch, open face, and jaw guard helmet which are widely used in baseball. Protective gears include shin guards, foot guards, and others that protect against balls fouled straight down.
The growth of the baseball equipment Industry was severely restricted owing to the onset of the pandemic, owing to lockdowns and quarantines enforced throughout the world. The pandemic had brought all major sports, such as football, cricket, rugby, and hockey, to a halt and baseball is no exception. All baseball clubs and training centers were closed for a long time and people were forced to stay at home in an attempt to contain the spread of coronavirus. The tournaments and league games were also canceled, leading to a major loss of sales of baseball equipment industry for the game seasons during the pandemic.
Baseball is a subtle and complicated game for two teams that are predominantly played in U.S., Japan, Cuba, Dominican Republic, China, and other countries around the globe. Baseball ball is played with help of different equipment which includes the bat, ball, gloves, helmet, and other protective gears. This equipment is available in different types which has different functions. Composite and wooden baseball is widely used by institutional and individual players in most countries around the globe.
The increase in popularity of the sport across the globe owing to its fast pace and physical nature attracts many consumers to watch and ultimately play the sport either casually as exercise, or start seriously practicing the sport to turn it into a profession. Moreover, governments have increased investment in sports and sports scholarships as well as sports events which further motivates the younger population of the countries in which the sort is popular to take up the sport professionally.
People are increasingly choosing baseball and other sports as a career for various job profiles, including trainers, sports psychologists, sports players, and others. Baseball sportspeople with years of experience can be offered to work in baseball sports as an instructor, coaches, commentators, and others. Today, sports people achieve iconic status immediately with excellent performance and hence are selected by top branded companies for endorsing their goods, famous sports persons will get sponsorships from branded companies and government incentives as long as they maintain their excellent performances. Besides, government incentives will be provided to famous sports persons because of the responsibility to take part in local, international, and global tournaments. With the increasing baseball equipment market opportunity, key players are investing in research development to offer innovative products to the consumers as per baseball equipment market trends
Women's baseball is played in several countries, those have national governing bodies that support girls' and women's baseball programs. Sportswomen are an emerging driver in the baseball equipment market as they are increasingly participating in the baseball league. Women’s sports events are gaining major popularity among people. With major sporting events, such as the 2019 Women’s World Cup, and the French Open, and growing interest in professional sports leagues, such as the Women's National Basketball Association (WNBA), advertisers, and marketers have a great opportunity to attract these audiences, and, recognize their interests. Gender equality and the increase in social status of women are significantly favoring the growing participation in various sectors, including sports, jobs, and business.
The U.S. is the major leader in the global baseball equipment market. Despite the outbreak of COVID-19, the U.S. witnessed a surge in baseball participation toward the end of 2020. According to the Physical Activity Council, in 2020, there was an increase of 22% in recreational participation in baseball. Recreational participation means baseball played for fun as opposed to professionally. According to the U.S. Baseball Association (USTA), around 21.5 million people headed to a baseball court in 2020. There was an increase of 44% or 3 million new players in 2020. These numbers showed positive growth in the baseball equipment market size in North America.
The growing popularity of baseball in the Asia-Pacific and LAMEA regions due to the upcoming baseball teams and leagues in the region will help to propel the baseball equipment market growth in the future.
The baseball equipment market is segmented on the basis of product type, distribution channel, price point, buyer type, and region. By product type, the market is classified into bats, gloves, helmets, and others. By distribution channel, the market is categorized into specialty sports stores, e-commerce, supermarket & hypermarket, and other retail stores. By price point, the market is segmented into economy, mid-range, and premium. By buyer type, the market is divided into individual and institutional.
By product type, the market is classified into bats, gloves, helmets, and others. Baseball Bat are the most commonly used product type of baseball equipment and thus are the major baseball equipment market share holder in 2021. A baseball bat is a smooth wooden or metal club used in the sport of baseball to hit the ball after it is thrown by the pitcher. 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. With the increased demand for baseball bats due to usage and tears, the manufacturers offer high-performance baseball bats and gloves, to attract premium and professional players.
By price point, the market is segmented into economy, mid-range, and premium. The economy of baseball equipment is anticipated to grow at the highest rate during the forecast period, owing to the people with middle-class and lower middle-class incomes being the major segment of baseball equipment market share. It aims at people with a low budget to gain and achieve the required target. Inexpensive baseball equipment is cheaper equipment that is a copy of baseball equipment used by professional players, which is mostly used. The number of buyers is increasing on regular basis due to the rise in the number of players and adults choosing baseball as a professional career which influences the interest of the population in baseball games, thereby escalating the demand for this range of equipment.
By buyer type, the market is divided into individual and institutional. Individual is an emerging segment in the baseball equipment market. It the major market share holder in 2021 as consumers are increasingly participating in sports and sports events in developing economies. The surge in awareness about the baseball game across the globe has indirectly boosted the individual buyer’s segment. Individual buyers have varieties of equipment and deals available over baseball equipment. The manufacturers are also offering mid-range baseball equipment which has good quality and durability as compared to the economic range with the lower penetration of the sport in developed as well as developing countries follows baseball equipment trends.
By distribution channel, the market is categorized into specialty sports stores, e-commerce, supermarket & hypermarket, and other retail stores. Specialty sports stores for baseball equipment purchase are the most popular in 2021, moreover, Manufacturers are continuously making efforts to increase the shelf visibility of their products; hence, they are majorly targeting specialty sports stores. As a result, a variety of baseball equipment is available in specialty stores. Specialty stores provide options, such as discounts as well as benefits of immediate gratification. However, e-commerce sale is predicted to have the highest growth during the forecast period, owing to a wide variety, easy availability, easy modes of payment, and doorstep delivery of baseball equipment are the major reasons to maintain the baseball equipment market growth. E-commerce sales are expected to expand in the future due to rapid growth in online and mobile user customer bases in emerging markets.
By region, the market is categorized into North America, Europe, Asia-Pacific, and LAMEA. North America is the largest consumer of baseball equipment as it is a very popular sport in the region and is also the national sport of the United States. Asia-Pacific is the second largest due to the severe popularity of the sport in the Asian region and is also another important game in the region. LAMEA is predicted to have the largest growth during the forecast period due to the improving lifestyle, greater exposure to western sports, and an increasing number of facilities and leagues of baseball equipwment growth in the region.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the baseball equipment market analysis from 2021 to 2031 to identify the prevailing baseball equipment market forecast growth.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the baseball equipment market segmentation assists to determine the prevailing baseball equipment market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global baseball equipment market trends, baseball equipment market demand key players, market segments, application areas, and market growth strategies.
Baseball Equipment Market Report Highlights
By Distribution Channel
By Price Point
By Buyer Type
Key Market Players
ADIDAS, Marucci Sports, DeMarini, Wilson, Rawlings, Mizuno, New Balance, Nike, Easton, VICTUS SPORTS
According to the insights of CXOs of leading companies, baseball is an outdoor sport that is enjoyed primarily by the citizens of U.S., Japan, Dominican Republic, Canada, Puerto Rico, and others. Most of the consumers of baseball equipment are institutional which includes sports clubs, sports institutes, and baseball teams. Accorfing to baseball equipment market analysis, the individual buyers are professional players of baseball or consumer who play baseball for fun and recreation. In lower baseball sport penetrating countries, the consumers are more attracted to the economical and mid-range baseball equipment. Consumers are seeking cost-effective and durable baseball equipment with the increase in penetration of baseball sports in developing countries such as China, India, and others. This baseball equipment market trends are expected to create more opportunities for manufacturers in the upcoming years.
The global sports industry is experiencing rapid evolution initiated by the private sector and government sector along with nonprofit organizations. The growth of the global sports and fitness industry is majorly driven by the increase in the number of clubs, expansion of sales channels, extensive promotion & advertising, and integration of advanced technologies is expected to benefit the baseball equipment market forecast period. The next decade of the sports industry will be driven by digitalization; hence, IoT and AI will remain in cynosure providing a customized and personalized experience to users, thus increasing customer engagement. Despite uncertain conditions of second/third waves across countries and dilatory vaccinations across countries, the majority of CXOs are confident and foresee a positive outlook for the global baseball equipment market opportunity. Conversely, some players have leveraged opportunities arising amidst the pandemic and have successfully reaped profits and benefited the baseball equipment market size during a highly uncertain business environment.