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Cricket Equipment Market Trends

Report ID: GMI8515
Published Date: Mar 2024
Report Format: PDF

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Cricket Equipment Market Trends

Consumer preferences change over time, influencing demand patterns for a variety of products. The competitive landscape in the sports sector has changed dramatically, especially as consumer habits shift toward branded and premium cricket goods. Recent trends show consumer inclination toward comfort and product quality. This transition creates numerous opportunities for manufacturers to innovate cricket equipment utilizing a variety of materials and features to match the changing consumer expectations.

The world of cricket equipment is changing due to smart technology, which is also modernizing the way the equipment is used and tracked. Companies are innovating by developing smart cricket bats with sensors that monitor performance data such as bat speed, angle of impact, and power generation. Furthermore, smart helmets and wearable devices are being developed to guarantee player safety by delivering real-time feedback on performance and improving the overall monitoring capabilities.

As environmental awareness grows, there is a growing demand for sustainable and eco-friendly cricket equipment. To reduce the environmental impacts of cricket equipment, manufacturers are actively studying eco-friendly materials and production techniques, as well as launching recycling programs. This pattern is consistent with the broader shift in consumer behavior toward ethical & sustainable practices.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of cricket equipment reached USD 3 billion in 2023 and is set to witness 3.5% CAGR from 2024 to 2032, owing to the increasing construction of stadiums, a growing interest in cricket as a sport, and the rising popularity of cricket among men, women, and kids worldwide.

The protective gear segment recorded USD 1.2 billion in 2023, due to the high level of safety it provides, especially in high-risk areas including the head, hands, and legs.

Asia Pacific market held 53% share in 2023 and is expected to register a commendable CAGR from 2024-2032, attributed to the presence of a vast & devoted fan base in countries like India and Australia.

Gray-Nicolls, Gunn & Moore (GM), Kookaburra, Masuri, MRF (Madras Rubber Factory), New Balance, Puma, SG (Sanspareils Greenlands), Slazenger, Spartan Sports, SS (Sareen Sports Industries), and Woodworm, are some of the major cricket equipment companies worldwide.