US Cricket Equipment Market Set to Surpass Valuation of USD 712 million in 2024 CAGR of 7.1% by 2030| MarkNtel
The rising number of registrations & participation in cricket tournaments, inter & intra-regional competitions, and series launched by organizing bodies results in more awareness, participation, and popularity for cricket in the US. This will increase the number of cricket competitions which increases demands for cricket equipment as they are mandatory to carry in the cricket fields.According to MarkNtel Advisors study the US Cricket Equipment Market size is valued at around USD 712 million in 2024 & is estimated to grow at a CAGR of around 7.1% during the forecast period, i.e., 2025-30.
The major challenge faced by the top market companies is related to the high costs of quality cricket equipment. The equipment that is budget-friendly is not good in quality and has lower performance. On the other hand, the equipment that is high in quality is also high in price, and most of the enthusiasts can't afford them, or it is difficult for them to manage to buy these tools. Poor-quality equipment is typically less expensive, so players on a budget must purchase it. In the long run, using such equipment lowers performance, discourages players from playing, and hinders the expansion of the cricket equipment industry. As a result, the US cricket equipment market is still being restrained since the costs of high-quality standard equipment, as defined by the Cricket Association, are often more and fall outside of the middle-class level.
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Key Findings in US Cricket Equipment Market :
Historical Years - 2020-2023
Base Years - 2024
Forecast Years - 2025-2030
Key Report Highlights
· Market Dimensions & Projections
· Pricing Evaluation,
· Recent Strategic Moves by Companies,
· Primary Stakeholders,
· Analysis of Import and Export Trends,
· Competitive Landscape Assessment,
· Emerging Opportunities,
· Market Trends and Indicators
Reports Delivery Format
Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address.
US Cricket Equipment Market Key Players:
Sanspareils Greenlands (SG),
Kookaburra Sport Pty Ltd.,
Gunn & Moore Limited,
Gray-Nicolls Sports Ltd.,
Adidas AG,
Puma SE,
New Balance,
Hammer Cricket USA,
MRF Ltd., and others.
Market Segmentation Overview:
-By Type
-Cricket Bats- Market Size & Forecast, 2020-2030 USD Million
-Crickets Balls- Market Size & Forecast, 2020-2030 USD Million
-Batting Helmets- Market Size & Forecast, 2020-2030 USD Million
-Cricket Gloves- Market Size & Forecast, 2020-2030 USD Million
-Batting Pads- Market Size & Forecast, 2020-2030 USD Million
-Thigh Guard- Market Size & Forecast, 2020-2030 USD Million
-Cricket Stumps- Market Size & Forecast, 2020-2030 USD Million
-Cricket Bags- Market Size & Forecast, 2020-2030 USD Million
-Cricket Footwear- Market Size & Forecast, 2020-2030 USD Million
-Cricket Accessories- Market Size & Forecast, 2020-2030 USD Million
-Others- Market Size & Forecast, 2020-2030 USD Million
Among all the different types of equipment, the largest market share is held by cricket bats in the US cricket equipment industry. Although, in matches, cricket balls are frequently used, easily lost, and purchased as compared to bats and other equipment, compared to cricket bats they are of very low value, that's why the cricket equipment industry is dominated by the cricket bats rather than the balls. Along with it, cricket bats are important equipment that is held by all players even though cricket lovers, which further makes the point stronger and clarifies the fact of the highest share in the US Cricket Equipment Market. As the popularity of cricket is increasing in the country, the demand for cricket bats is anticipated to be higher during the forecast period.
-By Distribution Channel
-Supermarkets and Hypermarkets - Market Size & Forecast, 2020-2030 USD Million
-Brand Outlets- Market Size & Forecast, 2020-2030 USD Million
-Sports Goods Stores- Market Size & Forecast, 2020-2030 USD Million
-Direct Sales- Market Size & Forecast, 2020-2030 USD Million
-Online Stores- Market Size & Forecast, 2020-2030 USD Million
-By End User
-Men- Market Size & Forecast, 2020-2030 USD Million
-Women- Market Size & Forecast, 2020-2030 USD Million
-Kids- Market Size & Forecast, 2020-2030 USD Million
-Sports Coaching & Training Center- Market Size & Forecast, 2020-2030 USD Million
The men category in the end-users holds the largest market share in the US Cricket Equipment Market. The market share is also expected to be the highest in the coming years. It is also found in the market research that the demand for men's cricket products is likely to be increasing more than women's. This large share of men in the cricket equipment industry is attributed to the already existing large number of male players who are playing way before the women's various professional and international cricket games, which is resulting in their highest market share. Since they are already there in the game they have high skills required to play cricket and a higher participation rate which eventually made their share the largest in the end users segment.
Read Full Report @ https://www.marknteladvisors.com/research-library/us-cricket-equipment-market.html
-By Region
-North
-South
-East
-Mid-West
The US Cricket Equipment Industry Recent Development:
March 2024: Kookaburra has recently presented its Stealth Cricket Range for 2024 which reflects the modern barrister. This new line boasted designs that sought to improve play, such as having a short blade and a long handle - giving a massive appearance of power for the players who wanted the ball to 'stay hit.' It marked a dazzling range of beige and green Stealth shoes, which felt like the privilege of watching Matrix, and was made in different sizes for juniors and seniors.
About MarkNtel Advisors:
MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
Being one of the most efficient market research companies in India, our specialized team of experienced & efficient market research professionals is capable of grasping every minute and valuable information & data of the market to offer our clients with satisfactory details. Our company has served the biggest market research firms in India at leading positions and is proficient in managing all types of market research projects.
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MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
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