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 surge in health consciousness and the desire for an active lifestyle have significantly boosted the popularity of sports activities, such as cricket, football, and running. This trend is particularly evident in urban areas, where the establishment of play clubs and physical activity centers has become increasingly common. These facilities are now considered essential amenities in housing projects, while schools and universities have also seen a rise in the promotion and integration of sports into their curricula. The cricket equipment market has experienced substantial growth as a result, with a steady demand for high-quality gear to support this burgeoning interest in the sport.
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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 cricket clubs, fitness centers, local sports clubs, specialty stores, and outdoor sports equipment providers. They offer customized sports products such as cricket bats, balls in various colors like red, white, and pink, protective gear including thigh guards and abdominal guards, and cricket accessories for cricket superstars and junior players. Fitness centers and specialty stores specialize in providing high-quality cricket gear to enhance performance and safety.
The cricket equipment market falls under the broader category of leisure products within the global household durables market. This sector encompasses cricket clubs, fitness centers, customized sports products, cricket accessories, local sports clubs, and outdoor sports equipment. The market's expansion is driven by several factors, including the surge in health and fitness club memberships, the increasing number of cricket clubs, and the growing demand for specialized cricket equipment. These trends contribute significantly to the overall growth of the global household durables market, as calculated by Technavio based on manufacturers' combined revenue in categories such as consumer electronics, home furnishings, homebuilding products, household appliances, houseware and specialties, and leisure products.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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