Press release
Cricket Equipment Market Demand, Recent Trends, Size and Share Estimation by 2029 with Top Players
Cricket Equipment Market
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Fortune Business Insights™ lists out all the cricket equipment market companies that are presently striving to reduce the impact of Covid-19 pandemic on the market:
• Kookaburra Sport Pty Ltd (Australia)
• Grays International (K.)
• Sommers (Australia)
• KIPPAX WILLOW LIMITED COMPANY (U.K.)
• Bradbury (Australia)
• Blue Tongue Sports (Australia)
• Adidas AG (Germany)
• Stag Cricket (K.)
• Salix Cricket Bat Co. Ltd (K.)
• Blankbats (K.)
Report Coverage
The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.
Drivers and Restraints
Increasing Occurrences of Cricket Leagues to Drive Market Development
Increasing occurrence of cricket leagues in various countries such as India, England, and Australia is anticipated to drive the cricket equipment market growth. Various high-profile and spectacular T20 tournaments such as Big Bash, IPL, and T20 blast are hosted worldwide, making them popular spectator events. Development of affordable sports equipment is expected to drive market growth. In December, 2021, under the Khelo India scheme, 62 sports infrastructure projects in different categories received millions in funding from the Government of India in the North East region. Growing spending by millennials on sports equipment is also set to push market growth.
However, the increasing cost of raw materials is projected to obstruct market growth.
Segments
Protective Gear Segment to Dictate as it Offers Great Safety to Players
On the basis of the product type, the market is divided into bat, ball, protective gear, and others. The protective gear segment is anticipated to dominate as it offers great safety to the players. The equipment should be of good quality and should be used properly. The gear includes a helmet, sunglasses or protective eyewear, leg pads, and gloves.
Men to Lead the Segment as Cricket Equipment is Widely Used by Them
Based on end-user, the market is bifurcated into men and women. The men segment is expected to have a major part as cricket equipment is widely used by men. The segment also accounted for 75.49% in 2021 on the basis of revenue. It is also set to have a CAGR of 5.94% over the forecast period.
Regional Insights
Asia Pacific to Lead Market Share Due to the Presence of Various Players
Asia Pacific is expected to govern the cricket equipment market share due to the presence of various players in various countries such as Australia, India, Pakistan, and New Zealand. The region reached a valuation of USD 180.61 million in 2021 due to demand for cricket bats & equipment with greater flexibility. The continuous emergence of small-scale manufacturers to offer products at reasonable rates is largely driving the consumption of cricket equipment in Asian countries such as Australia, China, India, Japan, and others.
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Competitive Landscape
Focus on Upgrade Product Portfolio by Key Players to Progress Market Course
Various players of the market have been focusing on providing flexible and efficient cricket game equipment and accessories, appropriate for all types of players. Sommers is focused on offering free design services for strengthening its customer base. This will help the company to implement things sensibly while delivering value to the customers.
Key Industry Development
Kippax Willow Limited Company is putting efforts into offering after-sales services in case of any disputes or defects. This is set to drive the product segments, a renewed focus on customer value to boost sales, and increased usage of innovative sales tools.
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Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
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