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A recently published report of Fact.MR envisages the global market for baseball equipment to register a modest CAGR between the period 2017 and 2026. Baseball equipment sales across the globe are expected to account for roughly US$ 1,200 Mn revenues by 2026-end.
Among products available in the baseball equipment market, bat is expected to retain its dominance with a revenue share of approximately 66% during 2017 and 2026. The rise in wages of baseball players in tandem with surging popularity of the sport has been driving demand for baseball bat. Baseball bats manufactured by using wood are expected to remain preferred among players.
As baseball is a sport where even an inch of distinction in its equipment can have significant impacts, several clubs and players are eyeing upon grabbing these inches. An example of this is the advent of the combination of radar gun, stopwatch and video camera for facilitating evaluation of prospective players by recording and capturing their speed. This and several other tracking technologies being introduced are likely to propel growth of the baseball equipment market. Introduction of many new baseball tournaments has emerged as a key trend proliferating participation in this sport. The focus of these tournaments is directed toward enhancing popularity of the sport worldwide, in turn creating high demand for baseball equipment. Since the recent past, many innovations have been observed in baseball equipment, especially in gloves and bats. One of the best examples of this is introduction of a heavier balanced baseball bat incorporated with an interior rigid & hard aluminum barrel coupled with compressible polymer sleeve. Such bats will enhance performance of the players by enabling more contact between the barrel area and the ball, thereby improving ball rotation, and crosswire full energy transfer.
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In the United States, according to a survey by The Harris Poll, the second most popular sport is Major Leagues Baseball. Popularity of baseball is further gaining significant momentum in Europe, with an exceptional performance of the Netherlands in World Baseball Classic League, 2013. Introduction of several new baseball tournaments is an emerging trend fuelling participation in the sport. These tournaments aim at enhancing popularity of baseball worldwide, thereby creating high demand for relevant equipment. Over the past few years, several innovations have been witnessed in baseball equipment, particularly in baseball gloves and bats. A great example of this is the introduction of heavier balanced baseball bats incorporated with an inner rigid hard aluminum barrel along with a compressible polymer sleeve. These bats enhance the player’s performance by enabling more contact of barrel area with the ball, improving ball rotation, and increasing size of crosswire full energy transfer.
Key Takeaways from the Report
- Third party online channel and modern trade channels will dominate the global baseball equipment market during 2017 to 2026
- Individual buyers will continue to account for a comparatively larger revenue share of the market than institutional and promotional buyers combined
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