Baseball Equipment Market in the US to grow at a CAGR of 4.16% during the period 2016 - 2020; Finds New Report

Report forecast the baseball equipment market in the US to grow at a CAGR of 4.16% during the period 2016-2020.

Baseball was derived from bat-and-ball games which were played in the 1800s in England. This game was brought to America, where it was changed to its current version. The game has become so popular in the US that it has become the national sport. The US has the biggest professional baseball tournaments in the world. Professional baseball tournaments in the country are organized by Major League Baseball (MLB), which is a professional baseball organization. A total of 30 teams play, with each 15 teams in the American League and National League.

The report covers the present scenario and the growth prospects of the baseball equipment market in the US for 2016-2020. To calculate the market size, the report considers the revenue generated from the retail sales of different types of baseball equipment to individual consumers, clubs, and sports organizations.

The market is divided into the following segments based on geography:

• Baseball bats
• Baseball gloves
• Baseball shoes
• Baseball balls
• Baseball protective gear and others

According to the report, the quick replacement of bats and balls is one of the key drivers in this market. When it comes to bats, only the wooden bat is only allowed in Major League games as the league organizers wanted to protect the historical record set by players who used wooden bats. As aluminum bats enhance the speed of the ball and made it easier to hit a ball farther and harder, it would easily break the records set by players who used the wooden bats. Since the professional players only have the choice of using a wooden bat, which breaks in every two games, the replacement cycle for bat is quick. Since there are nine players who change the bat for every two games out of 2,430 games, the average number of bats changed in every season is around 10,930. Such quick replacement of the bat every season is driving the market.

Further, the report states that baseball is mainly played in the US, one of the richest countries in the world. The average price of the baseball bat is rising, and it is not affordable for everyone. Since every individual player needs to own a compatible bat, it has become a challenge to buy it. The price of the bat went up by 21.75% between 2007 and 2014. Baseball doesn't just require a bat, but also gloves, helmets, shoes, and defensive gear, which makes the game an expensive one. On an average, the cost of the complete equipment comes up to at least $364.37, which is very expensive compared to other sports like soccer, rugby, and basketball, which can cost under $100. Such a big difference in expense has an adverse effect on the baseball equipment market.

Baseball Equipment Market in the US 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the baseball equipment market in the US: Adidas, Amer Sports, Newell Brands, Mizuno, Nike, and Performance Sports.

Other Prominent Vendors in the market are: Akadema, All-Star, ASICS¸ Champro, D-Bat, Diamond, Evoshield, Franklin Sports¸ Marucci, Nokona, Schutt, and Under Armour.

Market driver

• Attractive financial compensation making baseball a lucrative career
• For a full, detailed list, view our report

Market challenge

• Decline in youth participation
• For a full, detailed list, view our report

Market trend

• Introduction of new tournaments
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 67 pages and 45 Exhibit “Baseball Equipment Market in the US 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by product, Market segmentation by retail format, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

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