Understanding Baseball Equipment Market: Trends and Growth Drivers...

Understanding Baseball Equipment Market: Trends and Growth Drivers

نشر بتاريخ 2025-03-07 06:03:43

The global baseball equipment market size is expected to reach USD 22.03 billion by 2030, registering a CAGR of 3.6% from 2024 to 2030, according to a new report by Grand View Research, Inc. Extensive popularity of sports due to media coverage of tournaments and leagues is encouraging the youth and adults to participate in the sport.

In addition, the global market is expected to witness an augmented growth on account of government initiatives on encouraging participation for baseball among the customers in U.S. and Canada. 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.

Over the past few years, the leading manufacturing companies have been increasing spending on the launch of new helmets on account of increased incidences of head injuries in baseball and other ball games. In order to prevent major head injuries in baseball, these companies are coming up with helmet variants with better impact absorbing features, in order to prevent any head injuries. For instance, in 2018, 2ND Skull, launched an additional headgear to minimize the impact of head injuries by 50%.

Gather more insights about the market drivers, restrains and growth of the Baseball Equipment Market

Baseball Equipment Market Report Highlights

• By product, accessories segment expected to grow at a significant CAGR of 6.3% over the forecast period, driven by the increasing importance of baseball among individuals across many nations, and rising interest in sporting entertainment and exercises has propelled the sales

• Bat dominated the global market in 2023 due to new product launches with new designs according to the latest fashion trends and preferences of the customers

• By distribution channel, supermarkets/hypermarkets dominated the market in 2023, as different material based bats are used to play in different pitches of baseball

• North America dominated the market in 2023, accounting for 37.1% share of the global revenue. This trend is projected to continue over the next few years due to high preference for outdoor sports and growing awareness of their benefits in U.S. and Canada

• Asia Pacific is expected to witness significant growth over the forecast period, owing to the popularity of baseball in countries like Japan and South Korea.