Technavio’s recent analysts forecast of the global baseball equipment market through 2020 projects grow at a CAGR of 3.89 percent during 2016-2020.
Although not tremendous, the projected growth will purportedly be driven by a worldwide rise in the number of development programs to increase participation in baseball by MLB.
The increasing salaries of professional baseball players and the introduction of a number of baseball tournaments to make it popular enough to potentially be included back in the Olympic Games, is another area where considerable growth may take place. Product innovations is also predicted to help grow the market, such as in the replacement of traditional equipment like heavy leather gloves with new and innovative products.
Bats, gloves, shoes, balls, and protective/other gear were covered in the Technavio report, with key vendors being Adidas, Amer Sports, Jarden Newell Brands, Mizuno, Nike and Performance Sports Group, among others.
