Baseball Bat Market REPORT OVERVIEW
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global baseball bat market size was USD 375 Million in 2021 and market is projected to touch 457.91 Million by 2031, exhibiting a CAGR of 2% during the forecast period.
A baseball bat is a smooth wooden or metal club that is used to hit the ball after the pitcher has thrown it in the game of baseball. It can only be 42 inches (1,100 mm) long and 2.75 inches (70 mm) in diameter at its thickest point, according to regulations. While previously bats weighing up to 3 pounds (1.4 kg) were swung, today's average bat weighs 33 ounces (0.94 kg), with the maximum weight ranging from 34 ounces (0.96 kg) to 36 ounces (1.0 kg).
The game of baseball is played mostly in the United States, Japan, Cuba, the Dominican Republic, China, and other nations worldwide. It is nuanced and complex, and it involves two teams. A variety of tools, including a bat, ball, gloves, helmet, and other safety gear, are used to play baseball. These tools are offered in a variety of sorts, each with a unique purpose. By institutional and individual players alike, composite and wooden baseballs are utilized in the majority of nations.
COVID-19 Impact: Online Shopping to Boost the Market
The COVID-19 pandemic compelled governments to enact stringent lockdown regulations, social segregation standards, travel restrictions, and the worldwide cancellation of all athletic events. In an effort to slow the spread of the coronavirus, all baseball clubs and training facilities were shut down for an extended period of time, and individuals were made to stay at home. Due to the pandemic's suspension of the sport, all baseball bat retailers were forced to close their doors, and individuals were forbidden from participating in any sporting events.
LATEST TRENDS
"Women Participation in the Sports to Impel the Market Growth"
Many nations have national governing organizations that promote programs for girls' and women's baseball, where it is played. Sportswomen are a growing market driver for baseball bats as they play in more baseball leagues. Women's sporting events are becoming far more well-liked by the general public. Advertising and marketing professionals have a fantastic opportunity to draw in these audiences and understand their interests thanks to major sporting events like the Women's World Cup and the French Open as well as growing interest in professional sports leagues like the Women's National Basketball Association (WNBA). The increased involvement in a variety of fields, including as sports, employment, and business, is considerably favored by gender equality and the rise in social standing of women.
Baseball Bat Market Segmentation
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- By Type Analysis
By type, market is segmented into under 24 inches, 24-28 inches, 28-30 inches, 30-36 inches and 36 inches & up. The 24 inches segment will dominate the market in the coming years.
- By Application Analysis
Based on applications, the market is classified into sports, training and commercial. The sports segment will lead the global share through 2031.
DRIVING FACTORS
"Increasing Interest of Indulging in Sports of Young People to Propel the Market"
Due to the fast-paced and physically demanding character of the sport, it has gained appeal all over the world, luring more and more spectators and players to watch and eventually participate in the activity, either informally as a form of exercise or professionally. Further encouraging young people in the nations where the sport is popular to pursue a career in it is the fact that governments have expanded their funding in sports, sports scholarships, and sports events.
"Government Incentives to the Sportsmen to Attract and Push the Market"
As a result of their outstanding achievements, athletes nowadays instantly become household names, earning the choice of major brands to endorse their products. Famous athletes also receive government incentives and sponsorships as long as they continue to perform at a high level. As a result of the obligation to compete in regional, international, and global competitions, the government will also offer incentives to well-known athletes.
RESTRAINING FACTORS
"Relatively High Cost of the Bat to Impede the Market"
The primary cause of the market's restraint is the relatively high cost of baseball bats.
Baseball Bat Market REGIONAL INSIGHTS
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"North America to Hold the Largest Global Plastic Strap Market Share"
In the world market for baseball bats, the United States holds a significant advantage. The number of baseball players in the United States increased at the end of 2020 despite the COVID-19 pandemic. Baseball recreation had an upsurge in participation in 2020, according to the Physical Activity Council. Baseball played for enjoyment rather than for a living is referred to as recreational involvement. Millions of people will visit a baseball field in 2020, the U.S. Baseball Association (USTA) predicts. In 2020, more new players entered the game. The market size for baseball equipment in North America increased positively, as seen by these figures.
Due to the forthcoming baseball clubs and leagues in the area, baseball is becoming more and more popular in the Asia-Pacific and LAMEA regions, which will aid in the future expansion of the baseball equipment market.
KEY INDUSTRY PLAYERS
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.
List of Market Players Profiled
- Amer Sports (Finland)
- Easton (U.S.)
- Worth (U.S.)
- Rawlings (U.S.)
- Mizuno (Japan)
- Marucci (U.S.)
- SKLZ (U.S.)
- Adidas (Germany)
- Trinity Bats (U.S.)
- Sam Bat (Canada)
- Birdman Bats (U.S.)
- Chandler Bats (U.S.)
- Franklin (U.S.)
- Infinity Bats (U.S.)
REPORT COVERAGE
The market research study examines the worldwide market in detail, focusing on important elements such as leading players, product/services or type, and leading end-use applications. Aside from that, the research analyses major advancements and provides insights into lighting market trends. In addition to the causes indicated above, the paper includes a number of other factors that have contributed to recent growth.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 375 Million in 2021 |
Market Size Value By |
US$ 457.91 Million by 2031 |
Growth Rate |
CAGR of 2% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the baseball bat market size expected to touch by 2031?
Over the research period, baseball bat market size will be reaching USD 457.91 Million by 2031.
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What CAGR is the baseball bat market size expected to exhibit by 2031?
The baseball bat market size is expected to exhibit a CAGR of 2.0% by 2031.
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Which are the driving factors of the baseball bat market?
Increasing interest of indulging in sports of young people and government incentives to the sportsmen attract for participation are the driving factors of the baseball bat market.
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Which are the top companies operating in the baseball bat market?
Amer Sports, Chandler Bats, Infinity Bats and Trinity Bats are the top companies operating the baseball bat market.