Cricket Equipment Market Size, Share & Industry Analysis, By Product Type (Bat, Ball, Protective Gear, and Others), By End-user (Men and Women), and Regional Forecast, 2024-2032

The global cricket equipment market size was valued at USD 627.10 million in 2023 and is projected to grow from USD 662.84 million in 2024 to USD 1,098.99 million by 2032, exhibiting a CAGR of 6.52% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with cricket equipment sales experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. Based on our analysis, the global market exhibited a decline of 7.19% in 2020 as compared to 2019.

There is growing demand for cricket bats and equipment from various organizations such as schools, colleges, cricket clubs, and fitness centers. The increasing demand for customized sports products and cricket accessories fuel the growth of the cricket gear market. Moreover, the rising construction of stadiums and the emergence of local sports clubs at domestic level in India, Australia, New Zealand, West Indies, South Africa, and U.K., among others is also augmenting the overall market growth. The advancement in the manufacturing process, increasing demand, availability of various raw materials, trending sports events & tournaments, rise in consumer disposable income, and spending power are among other factors amplifying market expansion. Also, the start of summer vacations in schools and colleges and the onset of the Indian Premier League (IPL) annually held in India additionally spikes cricket equipment demand overall. Furthermore, the shifting preference of consumers toward premium and branded goods along with the availability of an extensive range of attractive products has the potential to attract consumer’s spending on cricket equipment, thereby fostering the cricket equipment market growth.

On the back of the COVID-19 pandemic, various shutdowns across the globe forced manufacturers to close production facilities due to labor shortages, reducing demand for cricket bats and equipment. Governments and intergovernmental organizations guided sports associations, clubs, and organizations worldwide on safety, health, labor, and other international standards and protocols as a part of preventive measures.

Cricket Equipment Market Trends

Shifting Consumer’s Preference toward Branded Products to Influence Purchase Decisions

The tastes and preferences of consumers are constantly changing as demand patterns for different products change. The competitive scenario in the sports industry has changed significantly as consumer lifestyles have shifted significantly toward brands and luxury cricket items. Recent trends have changed consumer buying behavior, placing more emphasis on comfort and quality products. This factor has created great potential for different brand owners to create cricket equipment from different materials and benefits.

Additionally, cricket gears and equipment have undergone substantial advancements in recent years, leading to a safer, more accurate, and more entertaining game. The introduction of lightweight and durable materials and the use of smart sensors and artificial intelligence have transformed cricket sports altogether, attracting tech-savvy consumers.

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Cricket Equipment Market Growth Factors

Rising Occurrences of Cricket Leagues Globally to Favor Market Expansion

The thriving growth of cricket leagues, especially in India, England, and Australia is projected to drive the cricket kit market size. Various high-profile and spectacular T20 tournaments, such as Big Bash, IPL, and T20 blast, are hosted worldwide, making them popular spectator events. Moreover, increasing spending of governments on infrastructural development of the sports industry along with rapid investments toward the promotion of technological advances such as sports analytics, sports medicine, and the development of affordable sports equipment is expected to accelerate the market growth. For instance, in December, 2021, under the Khelo India scheme, 62 sports infrastructure projects in different categories have received funding from the Government of India in the North East region.

Growing Spending by Millennials on Sports Equipment to Expand Product Demand

In recent times, the young population is inclined toward sports activities, especially cricket, which is driving the market growth of cricket bats & equipment. Also, the young generation nowadays has engaged with self-care and become more proactive, mindful, and motivated by wellbeing. This will further propel the growth of the market. Also, in the last few years, the spending nature of the U.S. has changed drastically, which fueled the demand for premium products, including cricket goods. Millennials easily outpace other generations for monthly spending on sports activities, including cricket. Therefore, the growing demand for cricket bats & equipment from the young population will drive the growth of the market. For instance, according to a study conducted by Sports Events and Tourism Association in 2020, it has been witnessed that travel to amateur and collegiate sports events in 2019 accounted for USD 45.1 billion in spending in the U.S., an increase of over 5% from the previous year.

RESTRAINING FACTORS

Increasing Cost of Raw Materials to Restrain Market Growth

Fluctuations in raw material costs affect product manufacturing and limit product revenue worldwide. In addition, higher technology and cost of production processes are constraining product demand worldwide. Rising raw material costs increase production costs at the firm level. This drives the price of the final product, which, in turn, hinders sales growth of cricket equipment. For instance, according to the report published by the National Association of Home Builders (NAHB), in February 2022, the price of lumber increased from USD 550 per thousand in 2020 to USD 850 per thousand in 2021. Additionally, the entry of new players’ intense rivalry among existing companies hinders the market growth. 

Cricket Equipment Market Segmentation Analysis

By Product Type Analysis

Greater Safety Feature to Trigger Demand for Protective Gear Product Type

The market is segmented into bat, ball, protective gear, and others based on product type. The protective gear segment is anticipated to lead the market over the forecast period as it offers great safety to players. It is imperative that the equipment bought is of good quality and that the equipment is used properly. Protective gear mainly includes helmets, sunglasses or protective eyewear, leg pads, and gloves. This increased the demand for cricket balls and thus, augmented the overall product demand for cricket bats & equipment.

Furthermore, in recent times, weight, sustainability, and flexibility also affect consumer’s demand pattern for sports equipment. Manufacturers are focused on using more sustainable raw materials to produce sports tools, which would provide environmental protection, thereby fostering the demand for cricket kits. The protective gear segment contributed a market share of 41.01% in 2021 in the overall market and is poised to grow continuously over the forecast period.

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By End-user Analysis

Growing Participation of Men in Cricket Tournaments to Drive Men Segment in the Overall Market

On the basis of end-user, the market is segmented into men and women. The men’s segment is projected to dominate the market due to the wide usage of cricket equipment mostly by men, which increases its demand in the market. Over the years, it has been observed that men have been participating in professional and international cricket games more than women, which, in turn, boosted the cricket gear market size in terms of men’s segment. Furthermore, cricket has historically been run in a meritocratic manner, which has given undue opportunities to different players, especially when it comes to men's cricket. Along with their unmatched striking, men always possessed a high level of skill at the entry level and helped boost the growth of men's cricket.

The men segment contributed a major share in the global cricket bats and equipment products market, accounting for 75.33% in 2023. The segment is projected to grow at a CAGR of 6.41% on account of increasing cricket championship across the world.

REGIONAL INSIGHTS

On the basis of geography, the global market is divided into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

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Asia Pacific holds the highest cricket equipment market share, with established players in Australia, India, New Zealand, and Pakistan, leading to the demand for cricket bats and more flexible sporting equipment. Led by India and Australia, the market is characterized by a strong consumer preference for luxury and premium sports products. Moreover, the continuous emergence of small manufacturers offering products at affordable prices has significantly boosted the consumption of sporting goods in Asian countries such as Australia, China, India and Japan.

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Asia Pacific is projected to grow at the fastest CAGR of 7.06% during the forecast period. The Asia Pacific market is expected to grow significantly owing to several improvements in the industry to produce sporting goods with high-quality natural raw materials. Additionally, the need for multiple cricket tools in sports federations and cricket clubs is driven by increased sporting activity in various regions, resulting in an overall demand for products in those regions. Additionally, high-quality, premium cricket equipment is popular among the International Cricket Federation, especially in countries such as India, Australia, and Pakistan, and is estimated to increase in the next few years in the Asia Pacific region.

The development of the cricket kit products market in the Middle East & Africa is attributed to the inclination of manufacturers toward the growing urban population in MEA countries.

List of Key Companies in Cricket Equipment Market

Product innovation by Key Market Players to Drive Gradual Enhancement

Various players in the market are focused on launching flexible and efficient cricket match equipment and accessories suitable for all types of players. Moreover, the increase in cricket tournaments and championships has significantly increased the demand for cricket accessories in all regions. Companies are devoting time to building innovative products for the future and are collaborating with sports players. Key market players, such as Kookaburra and StanceBeam, have partnered to design an advanced smart cricket bat sensor, which helps batters scrutinize their game and makes them more meticulous. In September 2022, Cricket Australia announced a partnership with str8bat, offering players and coaches from juniors to elite level a 360-degree view of every shot played.

LIST OF KEY COMPANIES PROFILED:

• Kookaburra Sport Pty Ltd (Australia)


• Grays International (U.K.)


• Sommers (Australia)


• KIPPAX WILLOW LIMITED COMPANY (U.K.)


• Bradbury (Australia)


• Blue Tongue Sports (Australia)


• Adidas AG (Germany)


• Stag Cricket (U.K.)


• Salix Cricket Bat Co. Ltd. (U.K.)


• Blankbats (U.K.)

KEY INDUSTRY DEVELOPMENTS:

• October 2023: Emirati supply chain logistics company DP World launched an initiative to “drive the growth of cricket worldwide”. Under this initiative, the company used its global logistics network to supply 50 shipping containers full of essential cricketing equipment to local ordinary teams around the globe.


• Kookaburra Sport Pvt Ltd. has entered into a partnership with Burley-Sekem to create a larger and stronger group with complementary skill sets. The merger and acquisition between two companies has further strengthened the Australian sporting goods and apparel industry with a consolidation of 240 years of experience into one operation.


• Grays International focuses on product innovation to cater to the latest trend for more flexible cricket accessories. This has helped the company to understand the growing need for more sustainable cricket equipment and manufacturing products according to the customer’s need.

REPORT COVERAGE

The cricket equipment market report analyzes the market in-depth and highlights crucial aspects such as key companies, product types, and sales channels. Besides, the report covers insights into the cricket equipment market trends and highlights significant industry developments. In addition to the aspects mentioned earlier, the report encompasses several factors contributing to the market growth.

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Report Scope & Segmentation