According to a recent Fact.MR analysis, the global Softball Accessories market is expected to grow at a moderate rate from 2017 to 2026. Softball Accessories sales are expected to generate more than $560 million in revenue by the end of 2026.
Since the recent past, there has been an increase in global awareness of fitness and health, fueled primarily by a desire to live a better and healthier lifestyle. Individuals’ interest in numerous sports has grown as a result of increased health awareness, and softball is no exception. Softball Accessories is in high demand due to the general public’s growing interest in the sport. Individuals are now looking for customised softball items that fit their expectations and demands, which has prompted softball manufacturers to respond.
Softball Accessories Market: 4 Key Future Prospects
In terms of revenue, North America will lead the worldwide Softball Accessories market. Softball Accessories sales in Europe and Asia-Pacific excluding Japan are predicted to account for about 30% of the market by the end of 2026.
Bats, as a product type, will continue to be in high demand, with sales expected to exceed US$ 350 million by the end of 2026. Softball bat sales are expected to continue to be much higher than all other product segments combined in terms of revenue. Gloves are projected to be a profitable product in the market as well.
Based on sales channel, third-party online channels and modern trade are likely to continue to be the top revenue contributors to the worldwide Softball Accessories market. The fastest growing sales channel for Softball Accessories will continue to be third-party online, followed by direct to customer online.
Individual segment will continue to lead the market in terms of revenue share from 2017 to 2026, with an expected revenue share of over 66 percent. During the projected period, institutional buyers will also capture a significant portion of the market’s revenue.
North America to Remain Largest Market for Softball Accessories
The population’s high disposable incomes in North American countries are predicted to continue to be a prominent driver driving the Softball Accessories market in the region.
Furthermore, individuals in North America are becoming more health-conscious and adopting steps to stay active while also participating in social activities, and softball is one of the most popular ways to meet both of these needs.
The sport has piqued the curiosity of the region’s female populace. North America will continue to be the largest market for Softball Accessories due to the aforementioned considerations.
Softball bats are expected to lead the market in terms of revenue, owing to the widespread use of wooden softball bats by professional baseball players.
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