The Cricket Equipment Market is being driven by Increase in number of cricket tournaments
The Cricket Equipment Market is expected to grow at a CAGR of 3.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 2776.7 million. The burgeoning health consciousness trend has fueled a significant surge in the participation of active sports, such as cricket, football, and running, among individuals. Urban populations, in particular, are increasingly prioritizing physical activity to maintain optimal health. This trend is reflected in the proliferation of sports clubs and fitness centers, which have become essential amenities in housing projects and communities. Furthermore, schools and universities are integrating more sports activities into their curricula, contributing to the growth of the cricket equipment market.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
229 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.5% |
Market growth 2025-2029 |
USD 2776.7 million |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
3.1 |
Key countries |
UK, Germany, India, Australia, Pakistan, New Zealand, Sri Lanka, South Africa, UAE, and Zimbabwe |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Cricket Equipment Market caters to various segments including Schools, Colleges, Cricket clubs, Fitness centers, and Local sports clubs. It offers customized sports products, cricket accessories, and equipment for stadiums. Specialty stores provide Cricket gear such as English Willow Bats, Kashmir Willow Bats, Junior Bats, Cricket balls in Red, White, and Pink, Stumps, Protective gear like Pads, Gloves, Thigh guards, and Abdominal Guards for Fielders and Wicketkeepers, and Cricket accessories for Cricket superstars.
The cricket equipment market is a significant segment of the larger global leisure products industry. This market encompasses schools, colleges, cricket clubs, fitness centers, customized sports products, cricket accessories, and stadiums. The household durables market, a key component of the leisure products sector, is projected to expand due to several key drivers. Notably, the surge in health and fitness club memberships, driven by the growing health consciousness among consumers, is expected to significantly boost the demand for cricket equipment. The increasing number of cricket clubs and fitness centers, in turn, will fuel the growth of this market. Additionally, the trend towards personalized sports products and accessories is expected to create new opportunities for market participants. Overall, the cricket equipment market is poised for robust growth in the coming years.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
Media & Marketing Executive
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