The Baseball Equipment Market size was valued at $3.5 billion in 2021, and is estimated to reach $5.1 billion by 2031, growing at a CAGR of 3.8% from 2022 to 2031. The study involved research on landscape-specific skills as well as detailed information on each section such as Market Size, Shares, Trends, Regional and Country-level Strategic Market Growth, Opportunities in emerging revenue pockets, Competitive Landscape, Technological innovations, etc. This report assessment provides a comprehensive analysis that reflects today’s market realities and future market possibilities for the forecast period of 2021 to 2031.
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The major Key Players covered in the report Baseball Equipment Market are:
Rawlings and Wilson. These major market players have adopted various strategies such as collaboration to expand their market reach. With the growing popularity and Baseball equipment market opportunity, new market players are also entering the market with the latest and advanced baseball equipment.
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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.
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.
KEY FINDINGS OF THE STUDY
- By type, the other segment includes ball and protective gear is estimated to witness significant growth, registering a CAGR of 4.4% during the forecast period.
- By price point, the mid-range segment is estimated to witness significant growth, registering a CAGR of 4.2% during the forecast period.
- By distribution channel, the E-Commerce channel segment is anticipated to grow at a CAGR of 4.6% during the forecast period.
- By region, North America was the dominant region in 2021, occupying a major share of the baseball equipment market.
- By region, LAMEA registered the highest growth rate and is expected to grow at a CAGR of 5.3% during the forecast period.
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