Baseball Equipment Market Size To Be Valued At $19.2 Billion By 2025 Due To Growing Participation in Outdoor Sports By Adults And Youngsters | Million Insights

Baseball Equipment Market Size To Be Valued At $19.2 Billion By 2025 Due To Growing Participation in Outdoor Sports By Adults And Youngsters | Million Insights

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According to new report available with Million Insights, the global baseball equipment industry offers in-depth assessment of the growth, size, competitive landscape and other aspects in different geographical regions. Furthermore, it sheds light on the market contribution, recent developments and successful marketing strategies of leading companies.

The global Baseball Equipment Market size is projected to touch USD 19.2 billion by the end of 2025, as per the report released by Million Insights. It is estimated to grow with a CAGR of 3.3% from 2019 to 2025. Baseball is earning widespread popularity, especially among youngsters and adults due to extensive media coverage and the introduction of several leagues and tournaments of baseball across the globe. Such factors are projected to bode well for the market growth in the forecast period.

The government has taken various initiatives to promote the involvement of customers in baseball, thereby, supplementing the market growth for baseball equipment. For example, the U.S. government in 2019 introduced a four-day athlete development program for both off and on-field athletes to offer enhanced guidance to the contestants.

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Manufacturers are increasing their investments in the development of new helmets to decrease the occurrence of head injuries during the game. They are focusing on developing helmets embedded with features, such as excellent impact-absorbing, to offer additional safety to the players. For example, the 2ND Skull, in 2019, introduced an additional headgear to reduce the occurrence of any head injuries by 50%.

The offline channel is led by supermarkets and hypermarkets, ascending with a CAGR of 3.0% over the forecast period. Factors such as easy accessibility, a wide variety of equipment and products verification before purchase are projected to fuel the segment growth. On the other hand, the online distribution channel is anticipated to witness a CAGR of 4.0% from 2019 to 2025 owing to the growing penetration of internet and an increasing number of smartphone users. These customers prefer convenience in shopping and home delivery of the product.

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