Cricket Equipment Market by Product (Cricket Balls, Cricket Bats, Cricket Stumps & Bails), Price Point (Entry-Level/Basic, High-End/Premium, Mid-Range), Distribution Channels - Global Forecast 2024-2030

Cricket Equipment Market by Product (Cricket Balls, Cricket Bats, Cricket Stumps & Bails), Price Point (Entry-Level/Basic, High-End/Premium, Mid-Range), Distribution Channels - Global Forecast 2024-2030

The Cricket Equipment Market size was estimated at USD 778.64 million in 2023 and expected to reach USD 827.53 million in 2024, at a CAGR 6.41% to reach USD 1,202.96 million by 2030.

Cricket equipment includes various items required to play the game of cricket, catering to the needs of players, umpires, and even fans to some extent. This range of equipment includes crucial elements such as cricket bats, balls, protective gear, clothing, and accessories such as bags and stumps. Each piece plays a vital role in the game, ensuring safety, enhancing player performance, and fostering the sport's integrity. The growing popularity of cricket globally, especially in countries within the Commonwealth and beyond, significantly contributes to the demand for cricket equipment. This increasing interest is largely driven by international tournaments, leagues, and bilateral series that keep the sport in the public eye throughout the year. Extensive media coverage and lucrative sponsorship deals for major tournaments increase cricket's visibility and allure, boosting the market for cricket equipment as more fans take up the sport. The high cost of quality equipment and the availability of counterfeit products hampers the market's growth. Growing innovations in manufacturing techniques and materials that enhance the performance and safety features of cricket equipment create opportunities for market growth.

Regional Insights

In the Americas, countries including, the U.S. and Canada are seeing a gradual increase in interest in cricket, attributed to diaspora communities from cricket-dominant countries. The APAC region is a significant cricket region, with countries including, India, and Australia are key countries for cricket equipment. The sport's immense popularity and cultural significance have led to a robust market, characterized by a wide array of products ranging from beginner kits to professional-grade equipment. India, in particular, is a major contributor in consumer demand and a hub for manufacturing and exporting cricket equipment worldwide. The proliferation of local and international brands and the advent of T20 leagues has further bolstered the market, making APAC the global epicenter of cricket equipment sales. EMEA presents a diverse picture, with the UK being a traditional cricket market, given its origins and well-established cricketing infrastructure. Cricket equipment sales in the UK benefit from the sport's perennial popularity and the presence of leading global brands. Meanwhile, in the Middle East, countries including, the United Arab Emirates have emerged as destinations for international cricket events, which, stimulate interest and investment in cricket equipment. Africa, particularly South Africa, has a strong cricketing culture, contributing to the region's market.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Cricket Equipment Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

Growing popularity of cricket globally with the surging number of leagues
Expanding the availability of cricket equipment across eCommerce platforms
Rising investment in youth cricket tournaments worldwide

Market Restraints

High cost of high-quality cricket equipment

Market Opportunities

Growing technological innovations in cricket equipment
Rising availability of sponsorship improving the accessibility of cricket equipment

Market Challenges

Availability of counterfeit products associated with cricket equipment

Market Segmentation Analysis

Product: Growing demand for cricket balls to meet rigorous standards for weight and construction
Distribution Channels: Growing availability of cricket equipment across online channels due to its 24/7 services

Market Disruption Analysis

Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Cricket Equipment Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Cricket Equipment Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Puma Collaborates with Delhi Capitals for WPL and IPL Seasons

Puma India has entered into a strategic partnership with the Delhi Capitals, becoming the official kit partner for the upcoming Women's Premier League (WPL) and Indian Premier League (IPL) seasons. This multi-year collaboration seeks to expand Puma's presence in cricket and engage more deeply with the team's fan base while tapping into the region's burgeoning sporting talent. As part of this alliance, Puma's branding features prominently on the leading arm of both the men's and women's team jerseys, which feature a design inspired by Delhi’s Metro Rail map. The comprehensive kit includes training wear, accessories, travel gear, and athleisure items, all echoing the unique aesthetic of the team jersey. This partnership underscores Puma's commitment to enhancing its cricketing footprint and supporting the Delhi Capitals' aspiration to connect more intimately with cricket enthusiasts and emerging sports talents.

DP World Champions Global Cricket Growth in Partnership with ICC and Sachin Tendulkar

Emirati logistics giant DP World has unveiled a strategic initiative aimed at fostering global cricket development. In collaboration with the International Cricket Council (ICC) and iconic cricketer Sachin Tendulkar, DP World commits to leveraging its expansive logistics network by distributing 50 shipping containers filled with cricket equipment to grassroots teams worldwide. This initiative highlights DP World's dedication to nurturing emerging talent and promoting cricket’s popularity on a global scale, utilizing its logistical prowess to ensure accessible sports equipment reaches under-supported communities, thereby contributing significantly to the sport's international growth and accessibility.

Strategic Partnership between Masuri and Washington Freedom Elevates 2023 Major League Campaign

Masuri has forged a partnership with Washington Freedom. Masuri's collaboration with Washington Freedom underscores a mutual commitment to excellence and safety in the sport. This alliance brings together Masuri's unparalleled craftsmanship, which is recognized globally among elite cricket professionals, with Washington Freedom's ambitious Major League campaign, setting a new standard for equipment partnerships in cricket.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Cricket Equipment Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Cricket Equipment Market, highlighting leading vendors and their innovative profiles. These include ASICS Corporation, B. D. Mahajan & Sons Private Limited, British Cricket Balls Ltd., G-Form, LLC, Gray-Nicolls Limited, Gunn & Moore Limited, Harrow Sports, Kookaburra Sport Pty Ltd., Makura Sport Limited, Masuri Group Limited, McDavid Stores, Inc., Mizuno USA, Inc., Moonwalkr, MRF Limited, New Balance Cricket UK., Nike, Inc., OPRO International Limited, Protos Sports Pvt Ltd., Puma SE, Spartan Sports International Pty Ltd., Stag International, and Ton Sports.

Market Segmentation & Coverage

This research report categorizes the Cricket Equipment Market to forecast the revenues and analyze trends in each of the following sub-markets:

Product
Cricket Balls
Cricket Bats
Cricket Stumps & Bails
Protective Gear
Batting Pads & Gloves
Cricket Helmets
Wicket Keeping Gloves & Pads
Price Point
Entry-Level/Basic
High-End/Premium
Mid-Range
Distribution Channels
Offline
Branded Outlets
Clubs & Academies
Hypermarkets/Supermarkets
Sports Retail Stores
Online
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year