Global Cricket Equipment Market to Witness Growth Acceleration by 2028

The global cricket equipment market is anticipated to grow at a CAGR of 2.8% during the forecast period (2022-2028). Cricket is the global second most popular sport, with over 2.5 billion fans. Cricket equipment includes the bat, ball, helmet, batting gloves, wicket-keeping gloves, abdominal guard, thigh guard, forearm guard, leg pads, shin pads, stump and bails, and various accessories. The cricket market is booming since these things are employed not only for professional games but also for amateur events. The equipment is designed and built according to the specifications of the customers. Different raw materials are required for each product, and the size of the equipment varies based on the target market.

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Some driving factors for the global cricket equipment market are:

The cricket equipment market has developed over time. The increase in demand by various cricket academy for training purpoe and youth is more involved in this field due to it the demand is increased for such accessories and market is booming. Additionally, across the globe various cricket league such as IPL, T-20 One Day International, World-Cup are being held owing to it demand is increasing. Furthermore, as women's are participating in various championships are such factors owing to which the market is witnessing positive growth.
Advancements in the manufacturing process, the availability of various raw materials, increasing demand, awareness of trends, product price, product quality, and increase in disposable income, luxurious lifestyles, trending sports events, celebrity endorsements, and innovation in existing types of equipment drive the global cricket equipment market.

Asia-Pacific dominates the cricket equipment market due to the increase in cricket activities. Furthermore, during the projected period, the presence of significant players would promote the growth of the cricket equipment market in the region. Due to the increased investment in sports, Europe is expected to see substantial development in the cricket equipment industry. Moreover, the increase in the number of cricket tournaments in the region is expected to fuel the growth of the cricket equipment market in the coming years.

Some major players in the market include Gunn & Moore, Gray-Nicolls, Sanspareils Green lands, Adidas AG, and Puma SE, among others. The market players are additionally, contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, in order to stay competitive in the market. For instance, in December 2021, Shane Watson created his own cricket clothing line. According to news.com.au, it is a unique model that makes the kit at least 30% less expensive than other companies at the time. Watson's goal is to reduce costs by deploying direct-to-consumer gear in an industry-changing strategy.

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Market Coverage

The market number available for - 2021-2028
Base year- 2021
Forecast period- 2022-2028
Segment Covered-
By Type
By End-User
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- Adidas AG, Gray-Nicolls, Gunn & Moore, Puma SE, and Sanspareils Green lands, among others.

Key questions addressed by the report

What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How has COVID-19 impacted the market?
Deviation from the pre-COVID-19 forecast
Most affected region and segment
Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?

Global Cricket Equipment Market Report by Segment

By Type

Bat
Ball
Pads
Stumps
Bails
Kits
Others

By End-User

Men
Women
Kids

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This release was published on openPR.