Baseball Equipment Market Growth Factors, Demand, Future Prospects and Top Key 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.

According to a recent Fact.MR report, a modest CAGR has been projected for the global baseball equipment market in the forecast period, 2017 to 2026. Approximately US$ 1,200 Mn worth of baseball equipment are anticipated to be sold across the globe by 2026-end.

 Key Projections on Future of Baseball Equipment Market for Forecast Period 2017-2026

Based on buyer type, individual buyers are likely to remain dominant in the market, in terms of revenues and sales expansion. This buyer type segment is projected to hold more than 60% share of the market by 2026-end.

Institutional buyers will also continue to account for a significant market revenue share. In contrast, promotional buyers will account for a sluggish revenue share of the market throughout the forecast period.

Third party online channel is anticipated to record the highest CAGR in the market through 2026, based on sales channel. Revenues from this sales channel segment will remain the largest, followed by modern trade channels.

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A few well-established vendors dominate global market for baseball equipment currently. Albeit only few leading vendors exist in the market, nature of this market is still fragmented owing to the occupancy of many regional and local vendors. The competition among players is likely to intensify, thereby directing the focus of manufacturers toward introducing advanced baseball equipment in the foreseeable future. Prominent players underpinning expansion of the market include Mizuno, Easton, Rawlings (Jarden), Louisville Slugger, Wilson (Amer Sports), Nokona, Under Armour, Zett, SSK, and Nike.

 

Sales of baseball equipment in direct to customer online outlet and direct to customer brand outlet are likely to exhibit a parallel rise through 2026, with revenues from the latter projected to remain relatively larger than those from the former.

Bat and gloves are anticipated to continue dominating the global baseball equipment market, with revenues collectively slated to exceed US$ 1,000 Mn by 2026-end. Sales of gloves will reflect a comparatively higher CAGR than sales of bat through 2026.

The global market for baseball equipment will continue to be dominated by North America, followed by Europe. Asia-Pacific excluding Japan will also prevail as a lucrative market for baseball equipment

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About Us

Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

The standardization also involves use of industry-wide analytical tools, and rigorous quality checks to validate market forecasts and sizes. Our unwavering focus on standardization ensures that clients receive the same quality of research and analysis that Fact.MR is known for.

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Baseball Apparel Market Growth Factors, Demand, Future Prospects and Top Key Players

 As baseball is a sport wherein slightest of distinctions in the equipment can pose significant outcomes, several clubs as well as players are eyeing upon latching onto these distinctions. An example of this is the provision of custom-printed baseball apparel. This and several other innovations being introduced will propel expansion of the global market for baseball apparel market. With the introduction of a large number of new baseball tournaments emerged, the participation rate in the sport is witnessing proliferation. As the focus of such tournaments is directed towards increasing popularity of baseball worldwide, demand for baseball apparel is likely to record an upsurge in the near future. Baseball apparel are being designed to be light in weight and having thermal properties, in order to enable the player to remain warm in cold weather and vice versa. Current production of baseball apparel employ advanced fabrics, which enable removal of a player’s perspiration from the body to outer surface of apparel for evaporation.

5 Key Projections on Future of Baseball Apparel Market for Forecast Period 2017-2026

The market for baseball apparel is anticipated to showcase the fastest expansion in North America, closely trailed by Europe. Revenues from baseball apparel sales in North America and Europe are likely to account for more than three-fifth revenue share of the market by 2026-end. Revenues from baseball apparel sales in Asia-Pacific excluding Japan (APEJ) will also remain significant in the foreseeable future.

On the basis of product type, shirt is anticipated to remain dominant in the global baseball apparel market, with an estimated revenues share of approximately 50% during 2017 to 2026. Pant will also remain a lucrative product segment in the market. Sliding shorts are anticipated to register the fastest sales expansion, followed by shirt, through 2026.

Third party online channel is expected to remain the fast-expanding sales channel for baseball apparel. Direct to customer online channel will also exhibit a notable rise in the market through 2026.

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In terms of revenues, modern trade will continue to lead the global baseball apparel market, followed by third party online channel.

Based on buyer type, revenues from individual buyers of baseball apparel are likely to increase at the highest CAGR in the market through 2026. In addition, individual buyers will remain the largest buyer type segment in the baseball apparel market, in terms of revenues

According to a recent Fact.MR report, the global market for baseball apparel will exhibit a steady expansion between the period 2017 and 2026. Revenues from global sales of baseball apparel are estimated to surpass US$ 500 Mn by 2026-end.

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About Us

Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

The standardization also involves use of industry-wide analytical tools, and rigorous quality checks to validate market forecasts and sizes. Our unwavering focus on standardization ensures that clients receive the same quality of research and analysis that Fact.MR is known for.

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Softball Equipment Market Share, Growth, Size, Trends, Opportunities & Top players

North America will spearhead the global softball equipment market , in terms of revenues. Europe and Asia-Pacific excluding Japan are also expected to remain major markets for softball equipment, with sales collectively projected to account for nearly 30% market share by 2026-end.

Innovations in softball equipment including gloves and bats are further boosting their sales. However, a notable rise in adoption of counterfeit products is expected to be a major threat for companies in the softball equipment market, as sports equipment are highly vulnerable to persisting economic conditions worldwide. Counterfeit softball equipment have adverse effects on brand names and revenues generated in the market.

An upsurge in awareness regarding fitness & health has been witnessed among the global population since the recent past, driven mainly by the desire to lead a better & healthy lifestyle. Increasing awareness about health has further spurred the interest of individuals in various sports, and softball is no exception. Growing interest in softball among the general public has created significant demand for softball equipment. Individuals currently seek tailored softball products that meet their expectations and needs, which in turn has led manufacturers of softball equipment to offer customized equipment. In addition to its association with health benefits, softball is now being viewed as a medium of social engagement, and outlet for personal accomplishment. In addition, several softball tournaments have been introduced, which in turn have proliferated the participation in the sport.

As slated by a recent Fact.MR report, the global softball equipment market will record a moderate expansion through the forecast period, 2017 to 2026. Global sales of softball equipment are poised to bring in more than US$ 560 Mn revenues by 2026-end.

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Key Future Prospects of Softball Equipment Market for Forecast Period 2017-2026

On the basis of product type, bats will continue to be sought-after in the market, with sales poised to surpass US$ 350 Mn in revenues by 2026-end. Revenues from sales of softball bats are estimated to remain significantly larger than those from all the other product segments combined. Gloves are also expected to prevail as a lucrative product in the market.

Third party online channels and modern trade are expected to remain the leading revenue contributors to the global softball equipment market, based on sales channel. Third party online channel will also persist as the fastest expanding sales channel for softball equipment, trailed by direct to customer online channel.

Based on buyer type, individual segment will continue to lead the market, with an estimated revenue share of over 66% during 2017 to 2026. Institutional buyers will also latch onto a major chunk of the market’s revenue share during the forecast period.

The global softball equipment market will continue to be led by a few leading vendors that compete based on the product offerings and market reach. Intensified competition has been estimated in the market over the years to come, fuelled by growing product extensions in tandem with rising shares of leading vendors. Vendors in the softball equipment market are introducing new, innovative equipment in order to enhance their product portfolio and increase their market share with the launch of products such as lightweight gloves, softball bats with enhanced swing speed, and tracking technologies. Key companies listed by Fact.MR’s report include Peak Achievement Athletics, Phoenix Bat Company, Schutt Sports Inc., Under Armour Inc., Zett Corporation, Mizuno Corporation, Amer Sports, Newell Brands Inc., Adidas, and Nike

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About Us

Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

The standardization also involves use of industry-wide analytical tools, and rigorous quality checks to validate market forecasts and sizes. Our unwavering focus on standardization ensures that clients receive the same quality of research and analysis that Fact.MR is known for.

Contact Us

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Tel: +353-1-4434-232
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EV Traction Motor Market Innovation Trends, Current Overview, Offerings and Explosive Growth 2026

According to the latest study by Fact.MR, global demand of EV traction motor is estimated to exceed US$ 6,000 Mn in 2019, up from US$ 5,391.9 Mn in 2018. Sales of electric vehicles and hybrid electric vehicles, upheld by a host of technological features and claims of optimal performance, are likely to boost growth of EV traction motor market in 2019 and beyond. In addition, increasing regulations and norms put in place for effective emission controls are working in favor of hybrid and electric vehicles, paving lucrative avenues for growth of EV traction motor market.

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Governmental schemes to incentivize and subsidize owners of electric vehicles is a key aspect underpinning growth of EV traction motor market. Most of these incentives and subsidies include tax exemptions, tax credits, concessions, and additional benefits, which play a vital role in exerting positive influence on customer decision-making. The EV traction motor industry is likely to benefit from these incentives with regard to revenue generation, finds the report.

Automakers Prefer EV Traction Motors with High Voltage Ratings

According to the research study, energy efficacy is emerging as one of the focal points of automakers, on account of its importance in reducing of greenhouse emissions. High voltages provide a healthy boost to the efficiency levels, which is a primary reason for automakers preferring motors of high voltage ratings over the ones with low voltage ratings.

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Both electric and hybrid electric vehicles are based on high voltage battery systems, which implies that high voltage levels would be required for generation of sufficient power to run the vehicles. Moreover, motors with high voltage ratings have wirings that are relatively uncomplicated and lighter, which continues to be a key benefit for the automakers. The global sales of high voltage EV traction motors are estimated to exceed US$ 3,700 Mn in 2019, estimates the Fact.MR study.

North America Continues to be Most Attractive Market for EV Traction Motor

As per the report, North America continues to be the largest market for EV traction motors, with sales estimated to exceed US$ 1,700 Mn in 2019. Increasing adoption of commercial as well as passenger cars is likely to support growth of North America EV traction motor market. Rising number of promotional initiatives by the governing authorities in this region is supporting adoption of electric and hybrid electric vehicles in this region, creating revenue-generating opportunities for companies operating in the EV traction motor market.

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Softball Apparel Market Future Prospects and Business Development Strategies

Fact.MR’s recent forecast study projects that during the period, 2017-2026, the global softball apparel market will reflect a value CAGR of 2.3%. It has been estimated that by the end of 2026, softball apparels worth over US$ 270 Mn will be sold across the globe. Key insights from the report have been mentioned below to reveal the presumptive scenarios on the expansion of the global softball apparel market through 2026.

Rising involvement of women in sporting events has fuelled the presence of amateur-level games such as softball. More number of women are participating in softball gaming events across the globe, which is concurrently boosting the demand for softball apparels. Leading apparel manufacturers in the sports industry are diversifying their businesses to capture the steady demand for softball apparels. Advanced technologies are being incorporated in the production of softball apparels. Modern designs and new fabrics are being introduced in the global softball apparel manufacturing landscape.

4 Forecast Highlights from the Report

The report estimates that sales of softball shirts will continue to outpace the sales of other softball apparels. In 2017, more than 46% of the global sales of softball apparels reflected the sales of softball shirts. The report also estimates that the demand for softball shirts will gain fastest traction through 2026. By the end of 2026, more than US$ 130 Mn worth of softball shirts are expected to be sold worldwide. The report also estimates that the sales of softball caps & belts will rake in a little over US$ 17 Mn in global revenues.

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North America is poised to represent the largest market for softball apparels. The report estimates that in 2017, more than US$ 100 Mn worth of softball apparels were sold across the US and Canada. Mainstream popularity of baseball in the US will continue to drive the participation in softball events, and fuel the sales of softball apparels in the years to come.

In 2018 and beyond, individual buying will account for the largest chunk of global softball apparel market revenues. By the end of 2026, more than 65% of softball apparels will be sold to individual buyers across the globe. The report further estimates that institutional buying of softball apparels will bring in revenues worth over US$ 77 Mn by the end of 2026.

Through 2026, modern trade outlets are likely to represent the largest sales channel for softball apparels. The report also estimates that over the forecast period, third-party online stores will reflect highest value CAGR of 3.3%, unlocking new avenues for sales for domestic manufacturers.

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About Us

Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

The standardization also involves use of industry-wide analytical tools, and rigorous quality checks to validate market forecasts and sizes. Our unwavering focus on standardization ensures that clients receive the same quality of research and analysis that Fact.MR is known for.

Contact Us

FactMR
Suite 9884
27 Upper Pembroke Street,
Dublin 2, Ireland
Tel: +353-1-4434-232
Tel: +353-1-6111-593
Email: sales@factmr.com
Blog: https://www.factmr.com/