Advancements in the design and functionality of baseball shoes and the growing popularity of baseball in emerging countries including India, Brazil, Russia, and Indonesia are expected to contribute to the growth of the baseball shoes market in during the forecast period.
According to a new report published by Allied Market Research, titled, “Baseball Footwear Market by Type, Distribution Channel, and Age Group: Global Opportunity Analysis and Industry Forecast, 2021-2030”,
Key players:
Players operating in the baseball shoes industry have adopted product launch and business expansion as the primary development strategies to expand their market, increase profitability and stay competitive in the market. The major players profiled in this report are New Balance, Inc, Under Armour, Inc., Nike, Inc, Adidas AG, Mizuno Corporation, Puma, Rawlings Sporting Goods, 3N2, Fila Holdings Corp and ASICS.
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The baseball footwear market size is expected to reach USD 6,786.3 million by 2030, registering a CAGR of 8.2% from 2021 to 2030.
Baseball shoes are among the footwear worn by individuals who play baseball. Baseball shoes are designed for grass pitches and have studs on the outer side to aid grip. The functional characteristics of baseball shoes are comfort, performance, protection, support and shock absorption. The main function of all types of baseball shoes is protection. It provides firm support to the feet, protects them from injuries and improves sports performance.
Rise in popularity of baseball sports, increase in disposable income, rise in health awareness among the population, and growth in participation of children and adults are some factors expected to drive the market for baseball shoes. The participation of adults, especially women, in baseball is increasing globally, due to the popularity of female baseball players such as Melissa Mayeux, Sarah Hudek and Eri Yoshida.
People are increasingly choosing baseball, football and other sports as careers for various job profiles including coach, sports psychologist, sports player and others. Baseball sports with years of experience can be offered to work in baseball sports as an instructor, coach, commentator and others. Additionally, the government has reserved quotas for sports athletes in various government departments such as railway department, post office, police department, and income tax department among others. Thus, this encourages people to participate in baseball, which in turn drives the growth of the baseball shoes market over the forecast period.
COVID-19 has also disrupted the sporting calendar, with professional leagues suspending their activities everywhere to limit the spread of the virus. Strong global concerns over the pandemic coronavirus have impacted the global baseball footwear market hard. Additionally, decreasing corona virus cases, increasing vaccination practices and growing popularity of baseball events in Asia-Pacific and Latin America are expected to drive the growth of the baseball shoes market during the period. forecast.
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According to the baseball shoes market analysis, the market has been segmented into type, distribution channel, age group, and region. On the basis of type, the market is categorized into metal cleats, molded cleats, turf cleats, and interchangeable cleats. Based on distribution channel, the market is segmented into branded outlets, specialty sports stores, e-commerce and others. By age group, the market is categorized into adults and children. By region, it is analyzed in North America (United States, Canada and Mexico), Europe (United Kingdom, Germany, Italy, Ireland, Netherlands, Czech Republic and Rest of Europe), Asia- Pacific (Japan, Australia, South Korea, Taiwan and rest of Asia-Pacific) and LAMEA (Dominican Republic, Cuba, Puerto Rico, South Africa and rest of LAMEA).
On the basis of type, the interchangeable cleats segment has gained a major share of the global baseball footwear market and is projected to reach USD 585.0 million by 2030 with a CAGR of 7.2%. Interchangeable cleats are gaining popularity with players due to their flexible and convenient use. The studs are simply screwed and unscrewed from the sole of the shoe. In leagues where metal cleats are allowed, interchangeable cleats are a reliable option for baseball shoes. These cleats tend to be a bit heavier than other options, but their versatility makes them a popular choice for a large number of players.
According to the Baseball Shoes Market trends, on the basis of distribution channel, the e-commerce segment is growing at a significant CAGR growth rate and is projected to reach USD 1,492.7 million by 2030. E-commerce is widely accepted by consumers in the developed countries of the North. America and Europe, due to increased adoption of mobile phones and increased internet penetration. baseball shoes can be easily sold through e-commerce platforms. Rigorous online marketing complemented by huge options, availability of detailed information and discount and free home delivery offered by various e-commerce platforms have increased the popularity of this distribution channel in recent years.
According to the baseball footwear market forecast, on the basis of age group, adult segments accounted for approximately 74.1% market share in 2020, growing at a CAGR of 8.1% during the forecast period. Adult baseball fans have gained a significant share of the total number of baseball fans. Adults are more interested in baseball sports than children. The steady increase in the participation of adults in baseball sports is expected to increase the baseball footwear market share over the forecast period. Additionally, market players are launching lightweight and comfortable shoes for adults. These are made of soft fabric materials and have wicking properties. New product offerings aimed at the adult segment are expected to drive the growth of the product market.
According to the baseball shoes market opportunities, by region, the Asia-Pacific market is expected to witness significant growth at a CAGR of 9.0% during the forecast period. Rising disposable income, increasing people’s participation in baseball, celebrity endorsement, and heavy promotion are likely to contribute to the growth of the baseball shoes industry. Also, the growing demand for fashionable sports shoes and apparel and the desire to look like the favorite baseball player is likely to increase the sales of baseball shoes in the Asia-Pacific region. In most Asia-Pacific countries, baseball is less popular and underplayed, including in India, due to lack of awareness, guidance motivation and unavailability of resources. The popularity of sports other than baseball is higher than baseball sports, this is one of the reasons why the baseball shoes market is significantly low in the Asia-Pacific region.
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Main results of the study
The Baseball Footwear market size was valued at USD 2,475.2 Million in 2020 and is projected to reach USD 6,786.3 Million by 2030, registering a CAGR of 8.2% from 2021 to 2030.
By type, the molded cleats segment is estimated to witness significant growth, registering a CAGR of 8.8% during the forecast period.
In 2020, by distribution channel, the branded outlet segment was valued at $608.9 million, accounting for 24.6% of the global baseball footwear market share.
By age group, the adult segment is estimated to witness significant growth, registering a CAGR of 8.1% during the forecast period.
In 2020, the United States was the largest market in North America and is expected to reach $2,168.2 million by 2030, growing at a CAGR of 7.2% over the period of forecast.
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