PUBLISHER: Verified Market Research | PRODUCT CODE: 1629377
PUBLISHER: Verified Market Research | PRODUCT CODE: 1629377
Baseball Gloves Market size was valued at USD 5.3 Billion in 2024 and is projected to reach USD 6.9 Billion by 2031, growing at a CAGR of 3.6% from 2024 to 2031.
The growing awareness of the majority of the population about fitness and health care is the primary factor driving the demand for baseball gloves in the market. The Global Baseball Gloves Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Baseball Gloves Market Definition
Baseball Gloves is a padded gloves with webbing between the thumb and index finger, worn by baseball players. Baseball gloves are a classic piece of sporting equipment that both young and old athletes wear. Baseball gloves are an essential part of the sport, whether played by professional all-stars or inexperienced players in their first summer league. These gloves are commercially available in various colors, shapes, sizes, and patterns. Gloves vary in a number of ways, including the heel's thickness, the web's pattern, and the depth of the palm.
Outfielders typically prefer large gloves with deep palms so they can grab fly balls more easily. Infielders prefer smaller gloves because they can more easily reach inside of them to grasp and pass the ball to another player. Infielders typically prefer gloves broken horizontally, while most outfielders break in their gloves vertically. Leather was used to make the first baseball gloves; many are still made of this material today. Gloves are produced from a variety of leathers, but the most common are full grain, kip (or kipskin), premium steerhide, and cowhide.
The leather type affects the style, feel durability, break-in time, and price of the glove. Full-grain leather is steerhide or cowhide leather that has retained its natural grain. Cowhide gloves perform well and break in faster than steerhide, but and is frequently "pre-oiled" to shorten break-in time as it worn-out faster. Kip leather is a soft and sumptuous cowhide that is commonly used in high-end gloves. It is lighter in weight than cowhide. Steerhide is a stronger leather than cowhide and is stiffer, heavier, and more durable than other forms of leather.
Global Baseball Gloves Market Overview
The demand for baseball gloves is increasing due to growing awareness regarding baseball across the globe. The young population is constantly looking for sports that bring fitness and enjoyment. The popularity of baseball in the female population is on the rise especially at the college level, due to favorable baseball scholarships for women. Despite the fact that there are still considerably fewer women playing college baseball than there are males, more women are taking up the sport. This is promoting the sales of sports accessories such as baseball gloves. Increasing global events and tournaments for baseball, is creating higher demand for gloves. Another factor fueling the market's demand for baseball gloves is the general increase in public awareness of fitness and healthcare.
Additionally, the industry has been helped by the introduction of favorable variables due to the growing number of enthusiastic child and adult outdoor sports participants. Government measures to promote baseball as a professional sport is among the major drivers of the business. Also, there is the ongoing trend of customization of baseball gloves according to the player's need to impart better comfort, which is projected to open growth avenues for the gloves market. Easy availability of gloves through online channels in any part of the globe at better discounts is also boosting the market growth.
Market Attractiveness
The image of market attractiveness provided would further help to get information about the region that is majorly leading in the global Baseball Gloves market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.
Porter's Five Forces
The image provided would further help to get information about Porter's five forces framework providing a blueprint for understanding the behavior of competitors and a player's strategic positioning in the respective industry. The porter's five forces model can be used to assess the competitive landscape in global Baseball Gloves market, gauge the attractiveness of a certain sector, and assess investment possibilities.
The Global Baseball Gloves Market is Segmented on the basis of Type, Application, And Geography.
Based on Type, The market has been segmented into Catcher, First Base, Infield, Outfield, Pitcher, and All-Purpose. In 2021, pitcher baseball gloves accounted for the largest share and are projected to grow at a significant pace in the year to come. The growing demand for a pitcher that has minimal weight with sufficient padding comfort is contributing to segment growth. Availability of the different pitcher gloves from specialty and online stores to meet the player's demand is pushing the sales of the gloves.
Based on Application, The market has been segmented into adults and children. In 2021, the adult emerged as the leading segment and accounted for a market share of over 50%. The demand for the various professional baseball players actively participating in tournaments and global events is contributing to the growth of this segment. Various baseball tournaments are in-pipeline across the globe, with a significant investment of the sports association and government in the sports contributing to the demand for baseball gloves for adult usage.
The "Global Baseball Gloves Market" study report will provide valuable insight with an emphasis on the global market. The major players in the market are Rawlings, Franklin, Nokona, Mizuno Corporation, Easton, Adidas AG, Nike, Inc., Wilson Sporting Goods, Akadema, Vinci SA.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis.