Market Outlook
According to the report by Expert Market Research (EMR), the global cricket equipment market size is projected to grow at a CAGR of 3.30% between 2024 and 2032. Aided by the growing number of cricket players across the globe, the market is expected to grow significantly by 2032.
Cricket equipment encompasses a range of products essential for playing the sport, including cricket bats, balls, protective gear, and accessories like bags and shoes. The quality, durability, and technology of this equipment play a vital role in the performance of players, ranging from amateurs to professional athletes.
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The cricket equipment market growth is primarily fuelled by the increasing popularity of cricket worldwide, especially in countries like India, Australia, and the United Kingdom. The rising participation in cricket at the grassroots level and the growing professionalisation of the sport have significantly contributed to the demand for high-quality cricket equipment. Additionally, the emergence of various domestic and international cricket leagues has further spurred market growth.
In recent years, there has been a significant shift toward the use of advanced materials and technologies in cricket equipment manufacturing. Lightweight, high-impact materials for bats and protective gear, and the introduction of weather-resistant and durable cricket balls are key trends. Consumer preferences are increasingly leaning towards personalised and customised equipment, driving manufacturers to offer more tailored products.
The Asia-Pacific region, particularly India, holds a significant portion of the cricket equipment market share due to the sport’s massive popularity and the presence of major cricket equipment manufacturers. The United Kingdom and Australia are also significant markets, attributed to their strong cricketing history and culture. Emerging markets in Africa and the Middle East show potential for growth with increasing cricketing activities.
Regulatory standards for cricket equipment, particularly in terms of safety and quality, play a crucial role in market dynamics. There is a growing emphasis on adhering to environmental regulations, pushing manufacturers towards sustainable practices.
The cricket equipment market outlook is being influenced by the innovations in smart technology, such as wearables and sensor-integrated equipment, expected to offer new growth avenues. The increasing digitalisation of retail channels and the rising influence of social media in sports marketing are also likely to shape future market trends.
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Market Segmentation
The market can be divided based on product type, end user, quality, distribution channels, and region.
Market Breakup by Product Type
- Bat
- Ball
- Stumps
- Protective Gear
- Others
Market Breakup by End User
- Men
- Women
- Kids
Market Breakup by Quality
- Standard
- Premium
Market Breakup by Distribution Channel
- Hypermarket/Supermarket
- Speciality Stores
- Online
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global cricket equipment market. Some of the major players explored in the report by Expert Market Research are as follows:
- Reebok International Ltd.
- PUMA SE
- Readers Ltd.
- Unicorn Products Ltd
- British Cricket Balls
- Kookaburra Sport Pty Ltd
- Gray Nicolls
- Others
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