The cricket equipment market size was valued at $680.2 million in 2022 and is projected to reach $ 1.28 billion by 2032, registering a CAGR of 6.7% from 2023 to 2032.
Cricket equipment refers to the specialized gear and accessories that cricket players utilize. This equipment is intended for maintaining the safety, efficiency, and comfort of players during games. Cricket equipment consists of four main components: the bat, ball, wickets, and protective gear. Batsmen, wicketkeepers, and fielders wear protective gear like as helmets, gloves, leg pads, and chest protectors to reduce the danger of damage caused by quick deliveries or irregular bounces.
The spike in player sponsorship has emerged as a major driving element behind the cricket equipment market's rapid expansion. Cricket continues to fascinate a global audience, and players have become prominent celebrities with a significant effect on consumer tastes. Major cricketers endorsing certain brands and equipment not only increases market awareness for such items but also establishes a clear relationship between the player's talent and the perceived excellence of the sponsored gear. Consumers who are motivated by their favorite cricketers are more likely to invest in equipment that has been approved by notable players. This tendency is especially noticeable in the cricket world, where players are frequently viewed as role models, and their clothing choices are intensely scrutinized by supporters. Manufacturers intentionally associate themselves with cricket players, hiring them as brand ambassadors to capitalize on their popularity. The resultant endorsements are effective marketing tools, influencing purchase decisions and increasing brand loyalty among customers. As a result, the rise in player endorsements not only raises the awareness of cricket equipment but it also greatly adds to the expansion and vitality of the cricket equipment market, resulting in a symbiotic connection between athletic heroes and industry.
Regulatory constraints have emerged as a major impediment to the expansion of the cricket equipment industry. Compliance with safety requirements, quality laws, and changing industry norms creates a difficult picture for manufacturers and suppliers. Stringent laws controlling manufacturing methods, materials, and safety requirements for cricket equipment, such as helmets and protective gear, can have a considerable influence on manufacturers' production and marketing tactics. Adherence to these rules frequently entails stringent testing processes, certification requirements, and ongoing monitoring to verify that items fulfil the required standards. This might result in higher manufacturing costs and longer time-to-market, compromising the industry's responsiveness and competitiveness. Furthermore, the variety of regulatory regimes among regions and nations adds another degree of complexity, forcing businesses to traverse a sophisticated and changing compliance landscape. Collaboration among industry stakeholders, regulatory agencies, and standardization organizations is critical in tackling these difficulties, ensuring that safety requirements are satisfied without limiting innovation. Overcoming regulatory barriers allows the cricket equipment sector to streamline procedures, improve product quality, and boost customer trust in the safety and dependability of cricket gear.
The cricket equipment market is segmented into product type, price point, and distribution channel. Depending on product type, the market is segregated into bats, balls, protective gear, and others. On the basis of price point, it is fragmented into economical, medium, and high. By distribution channel, it is categorized into hypermarkets/supermarkets, sports retail stores, branded outlets, and others. On the basis of region, the market is divided into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Players operating in the cricket equipment market have adopted various developmental strategies to expand their cricket equipment market share, increase profitability, and remain competitive in the market. Key players profiled in this report include Gray-Nicolls, Kookaburra Sport Pty Ltd, Gunn & Moore (GM), Sareen Sports Industries, Adidas AG, New Balance Athletics, Inc, SG (Sanspareils Greenlands), British Cricket Balls Limited, Spartan Sports, Delux Sports Company, and Sommers Sports.
Cricket equipment refers to the specialized gear and accessories that cricket players utilize. This equipment is intended for maintaining the safety, efficiency, and comfort of players during games. Cricket equipment consists of four main components: the bat, ball, wickets, and protective gear. Batsmen, wicketkeepers, and fielders wear protective gear like as helmets, gloves, leg pads, and chest protectors to reduce the danger of damage caused by quick deliveries or irregular bounces.
The spike in player sponsorship has emerged as a major driving element behind the cricket equipment market's rapid expansion. Cricket continues to fascinate a global audience, and players have become prominent celebrities with a significant effect on consumer tastes. Major cricketers endorsing certain brands and equipment not only increases market awareness for such items but also establishes a clear relationship between the player's talent and the perceived excellence of the sponsored gear. Consumers who are motivated by their favorite cricketers are more likely to invest in equipment that has been approved by notable players. This tendency is especially noticeable in the cricket world, where players are frequently viewed as role models, and their clothing choices are intensely scrutinized by supporters. Manufacturers intentionally associate themselves with cricket players, hiring them as brand ambassadors to capitalize on their popularity. The resultant endorsements are effective marketing tools, influencing purchase decisions and increasing brand loyalty among customers. As a result, the rise in player endorsements not only raises the awareness of cricket equipment but it also greatly adds to the expansion and vitality of the cricket equipment market, resulting in a symbiotic connection between athletic heroes and industry.
Regulatory constraints have emerged as a major impediment to the expansion of the cricket equipment industry. Compliance with safety requirements, quality laws, and changing industry norms creates a difficult picture for manufacturers and suppliers. Stringent laws controlling manufacturing methods, materials, and safety requirements for cricket equipment, such as helmets and protective gear, can have a considerable influence on manufacturers' production and marketing tactics. Adherence to these rules frequently entails stringent testing processes, certification requirements, and ongoing monitoring to verify that items fulfil the required standards. This might result in higher manufacturing costs and longer time-to-market, compromising the industry's responsiveness and competitiveness. Furthermore, the variety of regulatory regimes among regions and nations adds another degree of complexity, forcing businesses to traverse a sophisticated and changing compliance landscape. Collaboration among industry stakeholders, regulatory agencies, and standardization organizations is critical in tackling these difficulties, ensuring that safety requirements are satisfied without limiting innovation. Overcoming regulatory barriers allows the cricket equipment sector to streamline procedures, improve product quality, and boost customer trust in the safety and dependability of cricket gear.
The cricket equipment market is segmented into product type, price point, and distribution channel. Depending on product type, the market is segregated into bats, balls, protective gear, and others. On the basis of price point, it is fragmented into economical, medium, and high. By distribution channel, it is categorized into hypermarkets/supermarkets, sports retail stores, branded outlets, and others. On the basis of region, the market is divided into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Players operating in the cricket equipment market have adopted various developmental strategies to expand their cricket equipment market share, increase profitability, and remain competitive in the market. Key players profiled in this report include Gray-Nicolls, Kookaburra Sport Pty Ltd, Gunn & Moore (GM), Sareen Sports Industries, Adidas AG, New Balance Athletics, Inc, SG (Sanspareils Greenlands), British Cricket Balls Limited, Spartan Sports, Delux Sports Company, and Sommers Sports.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the cricket equipment market analysis from 2022 to 2032 to identify the prevailing cricket equipment market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the cricket equipment market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global cricket equipment market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
By Type
- Bats
- Balls
- Protective Gears
- Others
By Price Point
- High
- Economical
- Medium
By Distribution Channel
- Hypermarkets/Supermarkets
- Sports Retail Stores
- Branded Outlets
- Online Stores
- Others
By Region
- North America
- U.S.
- Canada
- Rest Of North America
- Europe
- UK
- Ireland
- Netherlands
- Germany
- Rest of Europe
- Asia-Pacific
- India
- Australia
- Pakistan
- New Zealand
- Sri Lanka
- Rest of Asia-Pacific
- Latin America
- Brazil
- Argentina
- Rest of Latin America
- Middle East and Africa
- South Africa
- Zimbabwe
- United Arab Emirates
- Rest of Middle East And Africa
Key Market Players
- Gray-Nicolls
- Kookaburra
- Gunn & Moore (GM)
- Sareen Sports Industries (SS)
- Adidas
- Puma
- Sanspareils Greenlands (SG)
- Spartan Sports
- Slazenger
- Beat All Sports (BAS)
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: CRICKET EQUIPMENT MARKET, BY TYPE
CHAPTER 5: CRICKET EQUIPMENT MARKET, BY PRICE POINT
CHAPTER 6: CRICKET EQUIPMENT MARKET, BY DISTRIBUTION CHANNEL
CHAPTER 7: CRICKET EQUIPMENT MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Companies Mentioned
- Gray-Nicolls
- Kookaburra
- Gunn & Moore (GM)
- Sareen Sports Industries (SS)
- Adidas
- Puma
- Sanspareils Greenlands (SG)
- Spartan Sports
- Slazenger
- Beat All Sports (BAS)
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 253 |
| Published | January 2024 |
| Forecast Period | 2022 - 2032 |
| Estimated Market Value ( USD | $ 680.2 million |
| Forecasted Market Value ( USD | $ 1280 million |
| Compound Annual Growth Rate | 6.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
