Baseball Equipment Market in the US 2019-2023 | Increasing Customization and Product Innovation to Boost Growth | Technavio

Technavio has announced its latest market research report titled baseball equipment market in the US 2019-2023. (Graphic: Business Wire)

LONDON--()--The baseball equipment market in the US is expected to post a CAGR of over 4% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report

Baseball has been gaining popularity across the globe, especially in the US. The number of people opting to play baseball is increasing day-by-day, which has led to an increase in the sale of baseball equipment. Major league baseball (MLB) is the oldest professional sports league in the US, which has witnessed a significant increase in revenue growth. Many European players are signing contracts with MLB teams, which is further increasing the popularity of baseball. The significant rise in the number of baseball events and the increasing popularity of the game will contribute to the baseball equipment market growth during the forecast period.

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As per Technavio, the growing customization and product innovation, will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

Baseball Equipment Market in the US: Growing customization and product innovations

Customization of baseball equipment has become a significant trend in the US. Vendors are focusing on offering personalized products and fast delivery processes to maintain their competitive edge. Moreover, vendors have developed online platforms wherein customers can customize their equipment. Along with customization, vendors are also focusing on product innovations. Many vendors are working on materials to develop baseball bats that can hit the ball faster and farther. Vendors are partnering with technology providers to develop limited-edition baseball equipment. The rising trend of customization and product innovation will contribute to market growth significantly over the forecast period.

“Apart from the growing customization and product innovation, the necessity for quick replacement of bats and balls coupled with the rise in salaries of baseball players are some other major factors that will boost market growth during the forecast period,” says a senior analyst at Technavio.

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Baseball Equipment Market in the US: Segmentation Analysis

This market research report segments the baseball equipment market in the US by product (bats, gloves, shoes, balls, and protective gear and others) and distribution channel (specialty and sports shops, department and discount stores, online retail ,and others).

The specialty and sports shops segment led the market in 2018, followed by department and discount stores, online retail, and others respectively. During the forecast period, the specialty and sports shops is expected to maintain its dominance over the global market. This is due to the convenience of purchasing specific products from these stores.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com

Release Summary

The baseball equipment market in the US is expected to post a CAGR of over 4% during the period 2019-2023, according to Technavio.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com