Portland, OR, Oct. 12, 2021 (GLOBE NEWSWIRE) — According to the report released by Allied Market Research, the global baseball footwear market was worth $2.47 billion in 2020 and is expected to reach $6.78 billion in by 2030, growing at a CAGR of 8.2% from 2021 to 2030.
Rising purchasing power, rising number of sports-inspired children, increasing number of female sportswomen coupled with government investments in sporting events have driven the growth of the global baseball footwear market. However, increasing propensity of children to engage in indoor leisure activities, limited number of fans and lack of awareness in the Europe and Latin America region, and lack of awareness and availability of counterfeit products are hampering growth. of the market. On the contrary, increasing preference of young people to choose sports as a career, increasing popularity of the sport of baseball and adoption of an omnichannel approach by key players are expected to open up new opportunities for market players in the future. to come up.
Get Detailed Analysis of Impact of COVID-19 on Baseball Footwear Market @ https://www.alliedmarketresearch.com/request-for-customization/14064?reqfor=covid
Covid-19 scenario:
- The Covid-19 pandemic has negatively impacted the demand for baseball footwear due to the cancellation of sporting events and lockdowns in several regions.
- However, vaccine development and increased health awareness are expected to increase baseball’s popularity in the post-pandemic era.
The report segments the global baseball footwear market on the basis of type, distribution channel, age group and region.
By type, the molded cleats segment held the largest share in 2020, accounting for nearly two-fifths of the market. Moreover, the segment is expected to exhibit the highest CAGR of 8.8% from 2021 to 2030. The report includes analysis of other segments such as metal cleats, turf cleats, and interchangeable cleats.
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Based on distribution channel, the specialty sports store segment led the market in terms of revenue in 2020, contributing more than a third of the market. However, the e-commerce segment is expected to register the highest CAGR of 10.1% during the forecast period.
The global baseball shoes market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The North American market held the largest share in 2020, accounting for more than two-fifths of the market. However, the European market is expected to register the highest CAGR of 10.1% during the forecast period.
The Global Baseball Shoes Market report includes an in-depth analysis of major market players such as New Balance, Inc, Nike, Inc, Under Armour, Inc., Mizuno Corporation, Adidas AG, Rawlings Sporting Goods, Puma, Fila Holdings Corp, 3N2 and ASICS.
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Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unrivaled quality of “market research reports” and “Business Intelligence solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.
We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. Allied Market Research CEO Pawan Kumar helps inspire and encourage everyone associated with the company to maintain high quality data and help clients in every way possible to achieve success. All data presented in the reports we publish are drawn from primary interviews with senior managers of large companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.
