Cricket Equipment Market by Product, Price Point, Distribution Channels

Description

List of Tables

[187 Pages Report] 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.

KEY MARKET STATISTICS
Base Year [2023]	USD 778.64 million
Estimated Year [2024]	USD 827.53 million
Forecast Year [2030]	USD 1,202.96 million
CAGR (%)	6.41%

Product: Growing demand for cricket balls to meet rigorous standards for weight and construction

Cricket balls are a fundamental component of the sport, designed to meet rigorous standards for weight, size, and construction. Typically made from a core of cork, these balls are tightly wound with string and covered by a leather casing stitched together to form a seam. The quality and make of the cricket ball can significantly influence the game's dynamics, affecting how it behaves in terms of swing, bounce, and wear over time. The cricket bat is another central piece of cricket equipment used by the batsman to hit the ball. Constructed primarily from willow, a type of wood known for its lightweight and shock-resistant properties, cricket bats come in various sizes and weights to suit individual preferences and playing styles. The skillful crafting of bats plays a crucial role in performance, determining the bat's balance, grip, and overall ability to hit the ball effectively. Cricket stumps & bails are essential for the wicket, which stands at each end of the cricket pitch. The stumps are three vertical posts that support two bails, small cylindrical pieces that rest on top of the stumps. The displacement of the bails, whether by the ball or a player, signifies crucial events in the game, such as a batsman being "out." These components are usually made from wood and are standardized in terms of height and width. The physical nature of cricket necessitates a range of protective gear for players, particularly batsmen and wicketkeepers. This category includes helmets, leg guards (batting pads), and gloves, which are designed to protect players from injury by absorbing and dissipating the impact of the ball. Batting pads & gloves are worn by batsmen to protect against injuries from the ball's impact. Pads cover the legs, while gloves shield the hands and fingers. Both are crafted for comfort, mobility, and optimal protection, usually made from materials such as foam, leather, and synthetic fibers. Cricket helmets are vital for safeguarding the batsman's and close fielders' heads. Made from impact-resistant materials, these helmets include a visor to protect the face while maintaining visibility. Wicket keeping gloves & pads offer greater flexibility and grip to help catch the ball, while the pads provide protection for the legs. Wicket keeping gloves and pads are critical for performance and safety in this specialized position.

Distribution Channels: Growing availability of cricket equipment across online channels due to its 24/7 services

Branded outlets are retail stores owned directly by the brand that manufactures the cricket equipment. These outlets offer a wide range of products from the specific brand, providing customers with an opportunity to experience and purchase items directly from the source. Branded outlets typically assure authenticity and offer in-depth product knowledge. Clubs & academies are pivotal in the distribution of cricket equipment, especially for budding and professional cricketers. These entities often have partnerships with equipment brands or distributors to supply their members or students with the necessary gear. Buying from clubs and academies can also provide the advantage of getting products that are vetted by professionals. Hypermarkets/supermarkets have dedicated sections for sports equipment, including cricket gear. While they might not offer the wide variety catered to by specialty stores, they are convenient for consumers looking for a one-stop shop for their general and sporting needs. Sports retail stores are specialized retail stores focusing on sports goods, including cricket equipment. They offer a broad selection of brands and products, catering to amateur and professional players. Sports retail stores often have knowledgeable staff who can offer advice based on the customer's individual needs and preferences. Online sales have surged in popularity due to the convenience of shopping from anywhere and anytime. Large e-commerce websites sell cricket equipment alongside other goods. These platforms are convenient, offering easy comparison of different brands and prices. Online sports stores are web-based retailers specializing in sports equipment alone. They often provide detailed product descriptions, reviews, and sometimes better deals compared to physical stores.

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.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Cricket Equipment Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis 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: 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 examination of the current state of vendors in the Cricket Equipment Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. 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 this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

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

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Cricket Equipment Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Cricket Equipment Market?

3. What are the technology trends and regulatory frameworks in the Cricket Equipment Market?

4. What is the market share of the leading vendors in the Cricket Equipment Market?

5. Which modes and strategic moves are suitable for entering the Cricket Equipment Market?

Product Code: MRR-4A6A214484D6

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing popularity of cricket globally with the surging number of leagues
  - 5.1.1.2. Expanding the availability of cricket equipment across eCommerce platforms
  - 5.1.1.3. Rising investment in youth cricket tournaments worldwide
- 5.1.2. Restraints
  - 5.1.2.1. High cost of high-quality cricket equipment
- 5.1.3. Opportunities
  - 5.1.3.1. Growing technological innovations in cricket equipment
  - 5.1.3.2. Rising availability of sponsorship improving the accessibility of cricket equipment
- 5.1.4. Challenges
  - 5.1.4.1. Availability of counterfeit products associated with cricket equipment
5.2. Market Segmentation Analysis
- 5.2.1. Product: Growing demand for cricket balls to meet rigorous standards for weight and construction
- 5.2.2. Distribution Channels: Growing availability of cricket equipment across online channels due to its 24/7 services
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Cricket Equipment Market, by Product

6.1. Introduction
6.2. Cricket Balls
6.3. Cricket Bats
6.4. Cricket Stumps & Bails
6.5. Protective Gear

7. Cricket Equipment Market, by Price Point

7.1. Introduction
7.2. Entry-Level/Basic
7.3. High-End/Premium
7.4. Mid-Range

8. Cricket Equipment Market, by Distribution Channels

8.1. Introduction
8.2. Offline
8.3. Online

9. Americas Cricket Equipment Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Cricket Equipment Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Cricket Equipment Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. Puma Collaborates with Delhi Capitals for WPL and IPL Seasons
- 12.3.2. DP World Champions Global Cricket Growth in Partnership with ICC and Sachin Tendulkar
- 12.3.3. Strategic Partnership between Masuri and Washington Freedom Elevates 2023 Major League Campaign
12.4. Strategy Analysis & Recommendation

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio