Global Cricket Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Cricket Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Cricket was invented in the vast fields of England, supposedly by shepherds who herded their flock. Later on this game was shown benevolence by aristocrats, and now has the stature of being England's national game. After a century now, cricket stands in the international arena, with a place of its own. Cricket involves two teams with 11 players on each side. The captain who wins the toss decides whether his team bats or bowls first. If they bat first, their aim is to score a lot of runs and make sure the other team does not reach that score. Cricket market covers the equipment needed when playing cricket.

Market Overview:

The latest research study on the global Cricket market finds that the global Cricket market reached a value of USD 298.91 million in 2022. It’s expected that the market will achieve USD 371.89 million by 2028, exhibiting a CAGR of 3.71% during the forecast period.

Cricket Market Challenges

With major manufacturers and suppliers in the Cricket industry competing at globally, the intensity of competition within the Cricket industry has increased. The vendors adopt strategies like price premiums to stay competitive in the market. Meanwhile, the local vendors in developing nations are providing tough competition to the global players based on product pricing. The fierce competition is not conducive to the sustainable development of the industry. At the same time, small companies or small retailers enter the business consequently as venturing into a Cricket business does not require immense capital or investment. However, this leads to the proliferation of sub-standard or duplicate products which then hampers the competitive scenario in the market as established Cricket manufacturers are compelled to lower the price of their products, which ultimately impacts their profit margins and sales volumes. The fierce competition is not conducive to the sustainable development of the industry
The Cricket market is characterized by price competition. This in turn can result in reduced demand for Cricket, which in turn can intensify price competition in Cricket industry. This price competition could impact manufactures' ability to implement price increases or, in some cases, such as during an industry downturn, maintain prices. In addition, when market conditions warrant, suppliers may need to reduce prices to build or maintain their market share. If suppliers are unable to increase or maintain prices for products, their profit margins could decline. Such decline will be compounded to the extent suppliers are unable to maintain or reduce the cost of products, which may be especially difficult in the current environment given the volatility of the commodities markets.

Region Overview:

From 2023-2028, Asia Pacific is estimated to witness robust growth prospects.

Company Overview:

The top three companies are Kookaburra, Sanspareils Greenlands, Gunn & Moorewith the revenue market share of 9.88%, 9.23%, 7.74% in 2021.

Kookaburra Sport was established in Melbourne by Alfred Grace (AG) Thompson in 1890. Kookaburra Sport is proud sports equipment manufacturers specializing in cricket and field hockey balls and equipment, bespoke teamwear, clothing and footwear. Kookaburra Sport predominantly sells products via existing retailers, online and direct to cricket and hockey Leagues and Associations in over 50 countries worldwide.

Sanspareils Greenlands (SG) is world’s largest and most trusted cricket equipment company. The company was established in pre-independent India in 1931 by two brothers Kedar Nath Anand & Dwarka Nath Anand. SG’s vision is to become the leading sports brand of India through providing premium yet affordable products to all its customers.

Segmentation Overview:

Among different product types, Cricket Balls segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Male Adults segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Cricket market covered in Chapter 3:

Stanford Cricket
New Balance
MRF SPORTS GOOD
Puma
Sareen Sports Industries
BAS Vampire
Woodworm
B. D. Mahajan & Sons (BDM)
CA Sports
Spartan Sports
Slazenger
Dukes Cricket Balls
Sanspareils Greenlands
Gray-Nicolls
Gunn & Moore
Kookaburra

In Chapter 4 and Chapter 14.2, on the basis of types, the Cricket market from 2018 to 2029 is primarily split into:

Cricket Bats
Cricket Balls
Cricket Protective Gear

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Cricket market from 2018 to 2029 covers:

Junior/Children
Male Adults
Female Adults

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)