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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Cricket Equipment Market Outlook
The global cricket equipment market reached a value of about USD 14.82 million in 2023. The market is further estimated to grow at a CAGR of 3.30% in the forecast period of 2024-2032 to reach a value of around USD 19.80 million by 2032.
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Rising Demand for Premium Quality Sports Equipment to Propel the Market Growth of Cricket Equipment
Based on the quality, the premium segment is driving the market growth of cricket equipment. The rising inclination of people of all ages towards premium cricket equipment owing to its superior quality, lightweight, and enhanced control and power is contributing to the market expansion. The premium products last longer, exhibit incredible performance, are comfortable and stylish, and are offered by leading brands, which is resulting in the market expansion of cricket equipment. In addition, the emergence of online channels and the easy availability of premium cricket equipment are significantly contributing to the market development. The rising purchasing power and the improved living standards are enabling people to afford the premium products. The increasing adoption of marketing strategies by the popular brands and leading players to promote their products is likely to aid the market over the forecast period.
Market Segmentation
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Cricket equipment refer to items that are used while playing cricket for good performance and safety. It includes a cricket ball, bat, boundary (picket fence), stumps, protective gear, and others. The equipment is regulated by the laws of cricket.
The market for cricket equipment, by product type, is divided into:
- Bat
- Ball
- Stumps
- Protective Gear
- Others
Based on end user, the market is segmented into:
- Men
- Women
- Kids
On the basis of quality, the market is bifurcated into:
- Standard
- Premium
Based on distribution channel, the market is classified into:
- Hypermarket/Supermarket
- Speciality Stores
- Online
- Others
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The regional markets for cricket equipment can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Growing Popularity of Cricket to Drive the Market Growth of Cricket Equipment
The rising number of people playing cricket owing to fun and health benefits such as overall fitness, stamina, and hand-eye coordination is leading to the steady market growth of cricket equipment. The presence of cricket academies, clubs, and the incorporation of cricket in educational institutions to develop social skills such as cooperation, communication, and interaction are accelerating the overall market growth. The rising concerns over safety while playing is leading to the increasing sales of protective gear. Further, the premium quality cricket equipment help enhance the game and improve team's performance. Moreover, the government initiatives towards promoting outdoor sports like cricket are playing a critical role in enhancing the demand for these equipment. The efforts taken by the market players in developing superior quality cricket equipment such as lightweight bats that meet the customer expectations are expected to further augment the market over the forecast period.
Key Players in the Global Cricket Equipment Market
The report gives a detailed analysis of the following key players in the global cricket equipment market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Reebok International Ltd.
- PUMA SE
- Readers Ltd.
- Unicorn Products Ltd
- British Cricket Balls
- Kookaburra Sport Pty Ltd
- Gray Nicolls
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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| Breakup by End User |
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| Breakup by Quality |
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| Breakup by Distribution Channels |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global cricket equipment market attained a value of nearly USD 14.82 million.
The market is assessed to grow at a CAGR of 3.30% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach almost USD 19.80 million by 2032.
The major market drivers include the importance of cricket equipment in enhancing performance and providing safety, rising inclination towards premium cricket equipment, improved living standards, emergence of e-commerce channels, and easy availability of the product.
The key market trends guiding the growth of the market include the growing popularity of cricket, government initiatives towards promoting sports, and superior quality products offered by market players.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The significant product types of cricket equipment include bat, ball, stumps, and protective gear, among others.
The major end users of cricket equipment include men, women, and kids.
The major segments based on the quality of cricket equipment include standard and premium.
The different distribution channels of cricket equipment include hypermarket/supermarket, speciality stores, and online, among others.
The major players in the market are Reebok International Ltd., PUMA SE, Readers Ltd., Unicorn Products Ltd, British Cricket Balls, Kookaburra Sport Pty Ltd, and Gray Nicolls, among others.
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