Cricket Apparel & Equipment Market to Grow with a CAGR of 3.75% through 2029
The global cricket apparel and equipment market is
expanding due to rising participation and viewership. Key trends include
increasing investments in technology, personalized gear, and growth in emerging
markets
According to
TechSci Research report, “Cricket Apparel & Equipment Market – Global Industry
Size, Share, Trends, Competition Forecast & Opportunities, 2029F”,
the global Cricket Apparel & Equipment market stood at USD 1.81 billion in
2023 and is to grow USD 2.25 billion by 2029 with a CAGR of 3.75% during the
forecast period. The global cricket apparel & equipment market is
experiencing robust growth, driven by the sport's expanding popularity and
increasing participation worldwide. This market encompasses a wide range of
products, including cricket bats, balls, protective gear, and apparel designed
to enhance player performance and safety. The rise of domestic and
international cricket leagues, such as the IPL and BBL, further fuels demand,
as players seek high-performance equipment to gain a competitive edge.
The increasing emphasis on player safety and performance has led to the development of advanced protective gear and high-performance apparel. Player safety is a top priority, prompting manufacturers to innovate and enhance protective equipment such as helmets, pads, and gloves. Modern protective gear is designed to offer better impact resistance and comfort, reducing the risk of injuries and enhancing player confidence. Similarly, performance-oriented apparel, including moisture-wicking and breathable fabrics, helps players stay comfortable and focused during matches. The focus on player safety and performance drives continuous product innovation and fuels demand in the cricket apparel and equipment market.
Changing consumer preferences and trends also present challenges for the cricket apparel and equipment market. As players' needs and preferences evolve, manufacturers must adapt to these changes to remain relevant. For instance, there is a growing demand for eco-friendly and sustainable products, driven by increasing environmental awareness among consumers. Companies need to invest in sustainable materials and practices to meet these demands and appeal to environmentally conscious consumers. Additionally, the rise of customization and personalization in sports gear requires manufacturers to offer tailored solutions that cater to individual player preferences. Adapting to these changing trends requires flexibility and responsiveness from manufacturers, which can be challenging in a competitive market.
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"Global Cricket Apparel & Equipment Market”
The global cricket
apparel & equipment market is segmented into product type, end use, sales
channel, and region.
Based on end use,
professional players are the fastest-growing segment in the global cricket
apparel and equipment market due to the increasing commercialization and
competitive nature of the sport. The surge in domestic and international
cricket leagues, such as the Indian Premier League (IPL) and the Big Bash
League (BBL), has amplified demand for high-quality, performance-enhancing gear
tailored to professional athletes. These players require advanced equipment,
including customized bats, high-tech protective gear, and specialized apparel,
to optimize their performance and ensure safety. The significant
investments made by teams and sponsors in player performance and the rising
stakes of cricket tournaments drive this segment's growth. Furthermore, the
enhanced visibility of professional cricket and its global following contribute
to higher consumer interest and spending on premium cricket gear. Consequently,
professional players represent a dynamic and expanding segment, driving
innovation and growth within the cricket apparel and equipment market.
Major companies
operating in global Cricket Apparel & Equipment market are:
- Adidas
AG
- Nike, Inc.
- Puma SE
- Grays of Cambridge (International) Ltd
- Kookaburra Sport Pty Ltd
- Sanspareils Greenlands Pvt. Ltd.
- Spartan Sports Corporation
- Sareen Sports Industries
- Frasers Group PLC
- Salix Cricket Bat Company Limited
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“The
expansion into emerging markets is a significant trend shaping the global
cricket apparel and equipment market. This growth is driven by the rise of
domestic leagues, grassroots programs, and increased media coverage of
international tournaments. As a result, there is a growing demand for cricket
gear and apparel in these emerging markets. Manufacturers are targeting these
regions with tailored product offerings and marketing strategies to capture
market share. The rise of cricket in new markets presents opportunities for
partnerships and collaborations with local distributors and sports
organizations. Expanding into emerging markets allows brands to tap into a
large and growing consumer base, driving overall market growth.” said Mr. Karan
Chechi, Research Director of TechSci Research, a research-based management
consulting firm.
"Cricket Apparel &
Equipment Market – Global Industry Size, Share, Trends, Opportunity and
Forecast, Segmented By Product Type (Cricket Apparel, Cricket Shoes, Cricket
Equipment), By End Use (Professional Players, Recreational Players), By Sales
Channel (Supermarkets/Hypermarkets, Online, Others), By Region &
Competition, 2019-2029F”, has evaluated the future growth potential of global
Cricket Apparel & Equipment market and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and opportunities
in the global Cricket Apparel & Equipment market.
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