The global cricket equipment market was valued at USD 14.46 Million in 2023 and is anticipated to grow to USD 17.46 Million by 2029 from USD 14.92 Mn in 2024, growing CAGR of 3.19% from 2024 to 2029.
Cricket is a bat-and-ball sport in which two teams of eleven players compete to score some runs on a cricket field, which has a rectangular 22-meter pitch in the middle and three tiny wooden posts at each end. Because cricket is a bat-and-ball activity, the players are required to wear protective equipment to avoid injury. Cricket bats, cricket protective gear, cricket balls, and other items are included in this equipment. Cricket gear or equipment is mostly utilized by clubs, schools, and individuals. The player is better protected with higher-quality equipment. Many different types of cricket equipment, whether large or tiny, may assist players to improve their game and improve their team's reputation. Crazy catch nets and other cricket training equipment help players develop their fielding abilities even if no one is present to coach them. It is England's national sport, and it is popular in the United Kingdom, India, Pakistan, Sri Lanka, Bangladesh, and Australia. Bat, ball, helmet, batting gloves, wicket-keeping gloves, abdomen guard, leg pads, thigh guard, forearm guard, shin pads, stump as well as bails, and other accessories make up cricket equipment. The cricket business is booming, thanks to the fact that these items are employed not only in professional matches but also in amateur competitions.
Cricket Equipment Market Drivers:
The market for cricket equipment is growing at a rapid pace all around the world. Cricket equipment manufacturing businesses are creating vast quantities of cricket equipment as the sport grows in popularity throughout the world. As a result, the rapid growth in the popularity of cricket is a primary driver of the Cricket Equipment Market. Because of increased health and fitness awareness, there is a great deal of interest in cricket among some of the public. As a result, the Global Cricket Equipment Market is predicted to develop in the coming years due to the rising popularity of cricket. Over the years, the cricket equipment industry has grown. Previously, the bats used only for striking in the game were more like hockey sticks, but as technology and innovations progressed, the cricket equipment market began to see changes in the volume, size, and material utilized for the equipment. The global cricket equipment market is driven by advancements in the manufacturing process, availability of various raw materials, increasing demand, awareness of trends, price of products, quality of products, rise in trending sports events, luxurious lifestyles, disposable income, celebrity endorsements, and innovation in existing types of equipment.
Cricket Equipment Market Restraints:
The market's growth is being hampered by increased rivalry, the entry of new competitors, the availability of substitute equipment, the closure of several production plants in different regions globally, and a labor shortage. In addition, the government's decision to postpone and cancel cricket matches due to the COVID-19 problems has hampered the expansion of the Cricket Equipment Market. Many individuals are spending more and more time on technical gadgets than on sports, which is stifling market growth.
Market Size Available
2023 to 2029
2024 to 2029
By Product Type, End-User, Quality and Region
Various Analyses Covered
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities
North America, Europe, Asia Pacific, Latin America, Middle East & Africa
This research report on the global cricket equipment market has been segmented and sub-segmented into the following categories.
Cricket Equipment Market - By Product Type:
The ball segment had the largest share of the global cricket equipment market in 2023 and is expected to grow at a notable CAGR during the forecast period. Balls in cricket are frequently purchased and the fact that they commonly become damaged after only a few games of play. Layers of twine are twisted around with a cork core within a red leather shell to make a cricket ball. The ball's unusual aerodynamic properties are aided by a raised seam with six rows of stitching, which helps define its swing, cut, and spin.
Cricket Equipment Market - By End-User:
The men segment held the major share of the global cricket equipment market in 2023 and the domination is likely to continue throughout the forecast period. Sports are more popular among men than they are among women thus, the men's portion is expected to be larger. In addition, the increased participation of males in professional cricket games increased consumption in this market. There are many cricket sports categories, like T20, World Cup, and IPL, which are mostly played by men.
Cricket Equipment Market - By Quality:
Standard is expected to be the most popular segment since standard-grade cricket equipment is available at a reasonable price for most people. The product is very sturdy, and it has numerous luxury features that make it more appealing.
Cricket Equipment Market – By Region:
The Asia Pacific is expected to be the largest market shareholder in the coming years. The endorsement of prominent cricket equipment firms by regional cricket star players is expected to have a favorable influence on rising demand. In addition, cricket's presence in school and college sporting events in cricket-loving nations like India, Pakistan, Sri Lanka, and others is seen to have a significant impact on increasing consumption rates.
Europe is expected to have a significant position within the cricket equipment market. Consequently, increased investment in the sport is expected to have a favorable impact on market growth. Furthermore, the growing number of different cricket competitions in this region, namely the KIA Super League, Hamburg Cricket Championship, Europe Cricket League, and many others, contribute to the market's growth.
The Middle East and Africa also hold a significant amount of share in the global cricket equipment market. Africa is very active in playing in many super leagues and the Middle East has also started a team and trying to come into the leagues.
KEY MARKET PLAYERS:
Companies such as Gray-Nicolls, Gunn and Moore, Sanspareils Greenlands, Kookaburra, Sareen Sports, Slazenger, Adidas, Puma, British Cricket Balls and Nike are playing a dominating role in the global cricket equipment market.
RECENT HAPPENINGS IN THE MARKET:
Gray-Nicolls, Gunn & Moore, British Cricket Balls, Woodworm Cricket, MRF Sports Goods, and others.
Developments when the market began to see changes in the volume, size, and material utilized for the equipment
The increasing popularity of cricket leagues throughout the world is expected to boost the market growth. The major restriction is that people are spending more time on technology gadgets than on sports, which is stifling industry expansion.
The market is valued at US$ 14.01 Million in 2021 and is anticipated to increase to US$ 16.92 Million by 2027, with a growing CAGR of 3.19% in the next six years.
The Global Cricket Equipment Market is segmented on the basis of Product Type, Application, and Geography
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