Baseball Merchandise - Bangladesh

Bangladesh

Highlights

Revenue in the Baseball Merchandise market is projected to reach US$1.46m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 1.62%, resulting in a projected market volume of US$1.58m by 2029.
In global comparison, most revenue will be generated United States (US$1.25bn in 2024).
The average revenue per user (ARPU) in the Baseball Merchandise market is projected to amount to US$4.27 in 2024.
In the Baseball Merchandise market, the number of users is expected to amount to 370.7k users by 2029.
User penetration in the Baseball Merchandise market will be at 0.2% in 2024.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Baseball Merchandise Market in Bangladesh is facing slow growth due to factors like low awareness, limited availability of online services and traditional buying habits. Despite this, the market is expected to show steady growth in the coming years.

Customer preferences: As consumer spending power and disposable income rise in Bangladesh, there has been a noticeable uptick in demand for premium and branded baseball merchandise. This shift is reflected in the increasing number of international sports brands entering the market, catering to the countrys growing baseball fanbase. Additionally, the emergence of online shopping platforms has made it easier for consumers to access and purchase a wider range of baseball merchandise, further fueling the markets growth.

Trends in the market: In Bangladesh, the Baseball Market is experiencing growth in the demand for baseball merchandise, driven by a rising interest in baseball among young people. Similarly, the global Baseball Merchandise Market is witnessing an increase in online sales, with more retailers offering a wide range of products and players leveraging social media to promote merchandise. This trend is significant as it expands the reach of the market and provides convenient options for customers. However, it also creates challenges for traditional brick-and-mortar stores. Furthermore, the popularity of collectible items and limited edition merchandise is shaping the market, with potential implications for industry stakeholders in terms of product development and marketing strategies.

Local special circumstances: In Bangladesh, the Baseball Merchandise Market is influenced by the countrys growing interest in the sport, with the national team participating in international tournaments. Moreover, the limited availability of physical stores for purchasing baseball merchandise has led to the rise of e-commerce platforms as the primary distribution channel. This trend is further fueled by the increasing internet and smartphone penetration in the country. Additionally, the strong cultural influence of cricket in Bangladesh has also impacted the demand for baseball merchandise, with many fans finding a new passion for the sport.

Underlying macroeconomic factors: The Baseball Merchandise Market in Bangladesh is heavily influenced by macroeconomic factors such as economic growth, consumer spending habits, and government policies. As one of the fastest-growing economies in the world, Bangladesh has experienced a significant increase in disposable income and a growing middle class. This has resulted in a higher demand for sports merchandise, including baseball merchandise. Additionally, the governments focus on promoting sports and investing in sports infrastructure has further contributed to the growth of the Baseball Market within the Sports Market. However, challenges such as a lack of sports culture and limited distribution channels hinder the markets growth potential. Thus, the performance of the Baseball Merchandise Market in Bangladesh is closely tied to the countrys overall economic health and government initiatives.

Data coverage:

The data encompasses B2C revenues. Figures are based on merchandise spending. All monetary figures refer to consumer spending on goods in the respective segment, which can be online and offline.

Modeling approach / Market size:

Market sizes are determined through a combination of bottom-up and top-down approaches, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, third-party studies and reports, survey results from our primary research (e.g., Consumer Insights), as well as performance factors (e.g., user penetration, price per ticket, price on sport goods). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, number of internet users, and internet consumption. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function or linear forecasting, as it fits the development of either strong growing markets or more sophistacted and saturated markets, such as soccer in Europe.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). We also account for the different cycles of international tournaments, such as world cups or continent cups. Consumer Insights data is reweighted for representativeness.