Fact.MR’s recently published report envisages an average expansion for the global softball equipment market over the period 2017 to 2026. Worldwide sales of softball equipment are forecast to exceed US$ 550 Mn in revenues by 2026-end.
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4 Key Future Prospects of Softball Equipment Market for Forecast Period 2017-2026
1. North America will spearhead the global softball equipment market, in terms of revenues. Europe and Asia-Pacific excluding Japan are also expected to remain major markets for softball equipment, with sales collectively projected to account for nearly 30% market share by 2026-end.
2. On the basis of product type, bats will continue to be sought-after in the market, with sales poised to surpass US$ 350 Mn in revenues by 2026-end. Revenues from sales of softball bats are estimated to remain significantly larger than those from all the other product segments combined. Gloves are also expected to prevail as a lucrative product in the market.
3. Third party online channels and modern trade are expected to remain the leading revenue contributors to the global softball equipment market, based on sales channel. Third party online channel will also persist as the fastest expanding sales channel for softball equipment, trailed by direct to customer online channel.
4. Based on buyer type, individual segment will continue to lead the market, with an estimated revenue share of over 66% during 2017 to 2026. Institutional buyers will also latch onto a major chunk of the market’s revenue share during the forecast period.
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