Baseball Equipment Market Global Industry Analysis and Forecast (2024 -2030)Trends, Statistics, Dynamics, Segmentation by Product, Price Point, Distribution Channel and Region

Baseball Equipment Market size was valued at USD 16.02 Bn. in 2023 and Baseball Equipment revenue is expected to grow by 3.5% from 2024 to 2030, reaching nearly USD 20.38 Bn.
Market Overview:- 
Baseball is one of the most common sports that served consumers with entertainment. 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 include 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 helmets which are widely used in baseball. Protective gears include shin guards, foot guards, and others that protect against balls fouled straight down.

The participation rate in baseball has significantly grown in the recent past. For example, Major League Baseball (MLB) is a professional baseball organization that is composed of 30 teams and conducts numerous baseball tournaments across the world. This, in turn, accelerates the sales of baseball equipment and drives the growth of the market studied.

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.

The rising government initiatives to promote participation in baseball are expected to create lucrative market opportunities during the forecast period. For example, in early 2020, as a part of its “Sporting Schools” initiative, the Australian government successfully introduced baseball to several schools in the region. In addition, the use of helmets and gloves has been part of the game rule to ensure the safety and comfort of the players on the field, influencing the demand in the baseball equipment market.To know about the Research Methodology :- Request Free Sample Report
Baseball Equipment Market Dynamics :
Baseball Equipment Market Drivers:-

Government Focus on Different Tournaments and Leagues is Driving the Growth Of The Baseball Equipment Market.

Governments have been focusing on increasing participation in baseball as a professional sport. Baseball is helping to increase health awareness and is boosting the global baseball equipment industry. For instance, the Government of India allocated Rs 2826.92 crore (about $380 million) for sports in the 2020-21 budget, an increase of Rs 50 crore (about $6.75 million) over the revised estimates for 2019-20. Similarly, in 2021, to promote the game of basketball among young athlets, the department of sports and youth services, the government the odisha basketball association collaborated  on the weeken baskeball initive.

Therefore the government focus on the different tournament and legues drives the baseball equipment market. With the development of baseball sports worldwide, participation in baseball leagues also increased among the population. According to the British Baseball Federation, there were nearly 22,500 baseball players across the United Kingdom in 2020.The increasing participation rates of baseball in the North American region reflect the growing popularity of the game across various countries. It was reported that the United States had the highest number of baseball players over the study period, with over 52.8% of the country’s participation playing baseball since it launched.

Therefore, several baseball events and leagues have been established in recent years. For example, in May 2022, Major League Baseball (MLB) Players Inc. and Sorare unveiled the partnership to launch the first Major League Baseball NFT-based free-to-play game. Moreover, the development of baseball courses across the world has been continuous during the study period. This led to the rising demand for baseball equipment, propelling the growth of the market studied over the forecast period.

Baseball Equipment Market Restraints:- 

Decline in the Popularity of Baseball are Hamered the Baseball Equipment Market

There are fewer people playing  baseball which decreases the demand for baseball equipment market .Additionally , other sports like basketball and soccer are becoming more popular. As a result. some companies that produces baseball equipment are struggling to stay in the market. They atre having to find new way to market their products and appeal to consumers.

Baseball Equipment Market Opportunity 

Advancements in Technology Boost the Baseball Equipment Market

Technological innovations are a key trend gaining popularity in the baseball equipment market. Various stakeholders in the market are focusing on developing advanced equipment which improves performance. For instance, US-based human motion learning systems company, K-Motion’s, K-Vest places sensors on a batter’s upper torso, pelvis, and lead arm and hand to capture motion for a detailed analysis of swing efficiency.

These sensors gather data points, which are transmitted to a laptop and turned into a 3D rendering of swing mechanics, which can be later analyzed to improve game performance. In 2020, Compass Diversified Holdings, a US-based investment holding company, acquired Marucci Sports for a purchase price of $200 million. This acquisition will further enlarge Marucci's best-in-class product portfolio, penetrate new markets, and develop the brand's presence internationally. Marucci Sports is an American sports manufacturing company that manufacturers baseball equipment.
Baseball Equipment Market Competitive Landscape:
In July 2022, Rawlings Sporting Goods Company, Inc. launched its new digital venture marking the first of its kind for the long-established baseball and softball brand under the product category of baseball gloves.In September 2021, BRG Sports’ brand Easton launched its Easton’s 2022 bat line-up across all certifications, including the release of the 2022 ADV Hype, the brand's most technological take on a two-piece composite bat. The company's major focus behind launching its new product was to enlarge its business by involving new products in the product catalog.

In March 2021, the United Kingdom-based Baseball Outlet announced that the outlet was named an Offical Equipment Suppliers for Baseball softball UK (BSUK) events and its programs. Moreover, it will be the BSUK's primary supplier of all kit and equipment through at least 2024. Baseball Outlet is a specialist supplier of sports equipment and clothing including bats, gloves, custom team jerseys, and works with leading brands including Easton Rawlings, Adidas, Wilson, DeMarini, and Evoshield.

Baseball Equipment Market Segment Analysis:- 

Based on Product:-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 2023. 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.Based on the 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 a 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.

Based on the Distribution Channel, the market is categorized into specialty sports stores, e-commerce, supermarket & hypermarket, and other retail stores. Supermarkets/Hypermarkets are anticipated to expand the baseball equipment market.

This growth is attributed to the easy and wide availability of baseball equipment products in 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 during the forecast period.

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.

Baseball Equipment Market Region:

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.
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Baseball Equipment Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US $ 16.02 Bn.


Forecast Period 2024 to 2030 CAGR:
3.5%
Market Size in 2030:
US $ 20.38 Bn.


 Segments Covered:
by Product
Bat
Helmet
Gloves
Others


by Price Point
Economy
Mid-Range
Premium.


by Distribution Channel
Specialty Sports Stores
-Commerce
Supermarket & Hypermarket
Other Retail Stores.



Baseball Equipment Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Baseball Equipment Market Key Players:-
1. Nike
2. Adidas
3. Newell Brands Inc
4. Amer Sports
5. Mizuno Corporation
6. Zett Corporation
7. Under Armour Inc
8. Schutt Sports Inc.
9. Phoenix Bat Company
10. YONEX Co. Ltd.

Frequently Asked Questions:

1] What segments are covered in the Baseball Equipment Marketreport?
Ans. The segments covered in the Baseball Equipment Marketreport are based on Type, Price Point, Distribution Channel, and Region.

2] Which region is expected to hold the highest share of the Global Baseball Equipment Market?
Ans. The North American region is expected to hold the highest share of the Baseball Equipment Market.

3] What is the market size of the Global Baseball Equipment Market by 2030?
Ans. The market size of the Baseball Equipment Market by 2030 is expected to reach US$ 20.38 Bn.

4] What is the forecast period for the Global Baseball Equipment Market?
Ans. The forecast period for the Baseball Equipment Market is 2024-2030.

5] What was the market size of the Baseball Equipment Market in 2023?
Ans. The market size of the Baseball Equipment Market in 2023 was valued at US$ 16.02 Bn.