According to a new report, published by KBV research, The Global Baseball Shoes Market size is expected to reach $7.1 billion by 2031, rising at a market growth of 8.3% CAGR during the forecast period. In the year 2023, the market attained a volume of 75,796.9 thousand units, experiencing a growth of 5.6% (2020-2023).
The Kids segment is anticipating a CAGR of 9.1% during (2024 - 2031). Parents are increasingly investing in their children's extracurricular activities, recognizing the benefits of sports for physical fitness, teamwork, discipline, and social skills. This investment includes purchasing quality baseball shoes to ensure their children have the best equipment. Many regions have implemented programs and initiatives to promote youth sports. These programs often encourage children to take up baseball, which drives demand for baseball shoes.
The Metal Cleats segment is leading the Global Baseball Shoes Market by Type in 2023; thereby, achieving a market value of $2.6 Billion by 2031. Metal cleats provide superior traction on grass and dirt surfaces, crucial for baseball players to make quick starts, stops, and direction changes. This enhanced grip improves overall performance, making them a preferred choice for competitive players. Metal cleats are commonly used at higher levels of play, such as in professional, collegiate, and high school baseball. As players advance to these levels, the need for metal cleats increases, driving demand in this segment.
The Brand Outlets segment is registering a CAGR of 8.5% during (2024 - 2031). Customers often have strong loyalty to specific sports brands known for their quality and performance. Shopping at brand outlets allows them to purchase directly from their preferred brand, ensuring authenticity and access to the latest products. Brand outlets often offer exclusive products, limited edition releases, and collections not available in other retail stores. This exclusivity attracts customers looking for unique or specialized baseball shoes.
Full Report: https://www.kbvresearch.com/baseball-shoes-market/
The North America region dominated the Global Baseball Shoes Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $2,899 million by 2031. The Asia Pacific region is exhibiting a CAGR of 8.9% during (2024 - 2031). Additionally, The Europe region would experience a CAGR of 8.1% during (2024 - 2031).
By Age Group (Volume, Thousand Units, USD Billion, 2020-2031)
By Type (Volume, Thousand Units, USD Billion, 2020-2031)
By Distribution Channel (Volume, Thousand Units, USD Billion, 2020-2031)
By Geography (Volume, Thousand Units, USD Billion, 2020-2031)
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