The ‘Global Cricket Equipment Market Share, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the Global Cricket Equipment Market assessing the market based on its segments, including product type, end-user, quality, distribution channel and major regions.
The research explores the effects of the most recent market trends on the total market. Along with analyzing the market using the SWOT and Porter’s Five Forces models, it also evaluates the market dynamics, covering the important demand and price indicators.
Cricket Equipment Market Size, Trends, Industry Report, Key Player, Major Segments and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Historical Market Size (2022): USD 13.9 million
• Forecast CAGR (2023-2028): 3.24%
• Forecast Market Size (2028): USD 16.88 million
Based on quality, the premium segment drives the growth of the cricket equipment market. State-of-the art quality, light weight, improved control, and performance have led to a growing preference for premium cricket equipment by people of all ages, contributing to the expansion of the market. Premium products are long-lasting, perform incredibly well, are comfortable and stylish, are offered by leading brands, and lead to market expansion for cricket equipment.
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In addition, the emergence of online channels and the easy availability of premium cricket equipment has greatly contributed to the development of the market. Increased purchasing power and improved living standards will enable people to purchase premium products. Apart from this, advances in production processes, accessibility to raw materials, understanding of patterns and production costs, rising disposable incomes, major sporting events and endorsements have all contributed to the growth of the market over the forecast period.
Cricket Equipment Industry Definition and Major Segments
Cricket gear or equipment refers to items used for good performance and safety in the game of cricket. It includes cricket balls, bats, boundary (picket fences), stumps, protective gear and more. All the individual items are regulated by the laws of cricket.
By product type, the global cricket equipment market is segmented into:
• Protective Gear
Based on the end-users, the market is classified into:
On the basis of quality, the market is divided into:
Based on the distribution channel, the market is bifurcated into:
• Specialty Stores
On the basis of regions, the market is divided into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Cricket Equipment Market Trends
Increasing number of people playing cricket for enjoyment and health benefits such as general fitness, stamina and hand-eye coordination have led to steady growth of the cricket equipment market. The presence of cricket academies, clubs and the incorporation of cricket into educational institutions to develop social skills such as cooperation, communication and interaction are fuelling the growth of the overall market. Growing concerns about safety while playing have led to increased sales of protective gear. In addition, premium quality cricket equipment helps improve the game and enhances the team’s performance.
In addition, government initiatives to promote outdoor sports such as cricket drive demand for these products. Efforts of market players to develop quality cricket equipment such as light weight bats to meet customer expectations are expected to further boost the market during the forecast period.
Key Market Players
The major players in the Global Cricket Equipment Market are :
- Reebok International Ltd.
- PUMA SE
- Readers Ltd.
- Unicorn Products Ltd.
- British Cricket Balls
- Kookaburra Sport Pty Ltd.
- Gray Nicolls
The report covers the competitive landscape, capacities, latest developments, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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