PORTLAND, OREGON, USA, July 25, 2022 /EINPresswire.com/ — According to the report published by Allied Market Research, the baseball shoes market was recorded at $2.47 billion in 2020 and is expected to reach $6.78 billion 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. coming.
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Main results of the study
The Baseball Footwear market size was valued at $2,475.2 Million in 2020 and is projected to reach $6,786.3 Million by 2030, registering a CAGR of 8.2% from 2021 to 2030.
The molded cleats segment is estimated to witness significant growth, registering a CAGR of 8.8% during the forecast period.
The branded outlet segment was valued at $608.9 million, accounting for 24.6% of the global baseball footwear market share.
The adult segment is estimated to witness significant growth, registering a CAGR of 8.1% during the forecast period.
The United States was the largest market in North America and is projected to reach $2,168.2 million by 2030, growing at a CAGR of 7.2% during the forecast period.
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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