Baseball Equipment Market in the US 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.
Technavio’s analysts forecast the baseball equipment market in the US to grow at a CAGR of 4.16% during the period 2016-2020.
Covered in this report
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:
Technavio Announces the Publication of its Research Report – Baseball Equipment Market in the US 2016-2020
Technavio recognizes the following companies as the 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.
Commenting on the report, an analyst from Technavio’s team said: “Innovations, particularly in baseball bats and gloves, is a key trend in the baseball market. In 2015, Mizuno launched a baseball bat called MaxCor, which was a heavier balanced bat. The bat consists of an inner hard rigid aluminum barrel and a compressible polymer sleeve. When smashed, the compressible polymer sleeve allows more barrel to contact the ball, increasing ball rotation, and flattening the bat’s face to increase the size of the crosswise full transfer of energy to the ball when hit by the bat, enabling the ball to travel further.”
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.
Adidas, Amer Sports, Newell Brands, Mizuno, Nike, Performance Sports, Akadema, All-Star, ASICS¸ Champro, D-Bat, Diamond, Evoshield, Franklin Sports¸ Marucci, Nokona, Schutt, and Under Armour.
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