Global Baseball Equipment Market to Reach US$1.1 Billion by the Year 2027

Dublin, Jan. 18, 2021 (GLOBE NEWSWIRE) -- The "Baseball Equipment - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Amid the COVID-19 crisis, the global market for Baseball Equipment estimated at US$937.5 Million in the year 2020, is projected to reach a revised size of US$1.1 Billion by 2027, growing at a CAGR of 2.9% over the analysis period 2020-2027. Bats, one of the segments analyzed in the report, is projected to grow at a 3.1% CAGR to reach US$756 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Helmets segment is readjusted to a revised 2.6% CAGR for the next 7-year period. This segment currently accounts for a 8% share of the global Baseball Equipment market.

The Baseball Equipment market in the U. S. is estimated at US$271 Million in the year 2020. The country currently accounts for a 28.91% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$189.7 Million in the year 2027 trailing a CAGR of 4.7% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.9% and 2.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.3% CAGR while Rest of European market (as defined in the study) will reach US$189.7 Million by the year 2027.

In the global Equipment Bag segment, USA, Canada, Japan, China and Europe will drive the 2.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$42.3 Million in the year 2020 will reach a projected size of US$49.5 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$148.6 Million by the year 2027, while Latin America will expand at a 2.5% CAGR through the analysis period.

This report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:

• Adidas AG

• Amer Sports

• Mizuno USA, Inc.

• Nike, Inc.

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Impact of Covid-19 and a Looming Global Recession

• Global Competitor Market Shares

• Baseball Equipment Competitor Market Share Scenario Worldwide (in %): 2018E

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

• Total Companies Profiled: 35

For more information about this report visit https://www.researchandmarkets.com/r/f3d7s6

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