Global Cricket Equipment Market 2024-2030

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    CRICKET EQUIPMENT MARKET

     

    INTRODUCTION

     The different tools and supplies needed to play the game of cricket are referred to as cricket equipment. Cricket is a well-liked bat-and-ball game that is played all over the world and has a long history. In order to score runs and claim wickets, two sides alternate between bowling and batting each turn.

     

    The primary offensive tool used by batsmen to hit the ball is a cricket bat. Typically, it consists of a handle and a wooden blade. To accommodate different players’ preferences and playing styles, bats are available in a range of sizes and weights.

     

    The bowlers’ tool of choice for hitting the batsman with their deliveries is the hard leather cricket ball. It is made of cork with a string-wrapped, leather-wrapped exterior.

     

    In Test matches and first-class cricket, a red ball is used, but in limited-overs formats, a white ball is used. At each end of the pitch, three vertical wooden poles known as stumps are buried in the ground. Smaller wooden pieces called bails are perched atop the stumps.

     

    To get a batsman out, the bowlers try to move the bails. When facing fast bowlers, batsmen wear cricket pads, commonly referred to as leg guards, to protect their legs from harm.

     

    The shins and knees are protected by pads that are worn on both legs. Batsmen use cricket gloves to keep their hands safe and give themselves a secure hold on the bat. The fingers and palms, which are particularly fragile, feature additional cushioning.

     

    Thigh guards, chest guards, and arm guards are some examples of the extra protection that batsmen may use against quick bowling. All of the cricket gear, such as bats, pads, gloves, and apparel, is carried and moved in a cricket bag.

     

    It frequently features numerous pockets and compartments for organization. Depending on the game’s format, cricket players typically wear white or colored attire.

     

    A cricket shirt, cricket shorts or pants, and cricket shoes with spikes for increased traction on the field are all required attire. When positioned behind the stumps, the wicketkeeper dons specialized gloves and pads made for catching and stopping the ball.

     

    CRICKET EQUIPMENT MARKET SIZE AND FORECAST

     

    Cricket Equipment Market

     

    The Global cricket equipment market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

     

    CRICKET EQUIPMENT MARKET TECHNICAL ADVANCEMENT

    Cricket bats made of composite materials, such as carbon fiber and graphite, have been created by manufacturers. Higher strength-to-weight ratios are provided by these materials, making for lighter but more potent bats. Better bat speed and greater hitting power are provided by composite bats for batsmen. Gray-Nicolls Powerbow Inferno Cricket Bat, as an illustration.

     

    Lightweight Protective Gear: Lightweight yet incredibly protective materials have been added to traditional cricket protective gear like pads and helmets.Weight reduction is made possible without sacrificing safety thanks to upgraded foam padding and enhanced protection zones. Masuri Vision Series Test Cricket Helmet, as an illustration.

     

    Bat handles that are more ergonomically sound now offer a better grip and greater control. Batsmen can play shots more easily and with less vibration when using improved handle designs. Kookaburra Shadow Pro Players Cricket Bat, for instance.

     

    Cricket balls now have advanced construction and materials to keep their shape and seam under a variety of circumstances. Bowlers may achieve greater swing and seam movement thanks to durable leather and enhanced seam technology. Alum-tanned leather Duke cricket balls as an illustration.

     

    Cricket shoes with a personalized fit now have improved support, cushioning, and fitting options. For the best traction, some shoes come with adjustable spikes for various types of surfaces. Asics Gel-Speed Menace Cricket Shoes, as an example.

     

    Smart wearable technology has entered the cricket equipment market and is giving players useful performance information. Metrics like bat speed, shot quality, and player movement can be tracked by smartwatches or sensors built onto equipment. Zepp Cricket Sensor, for instance.

     

    Wicketkeeping gloves have improved, offering better finger protection and a more lightweight design. It is easier for wicketkeepers to catch and manage the ball with additional padding and flexibility. Puma evo DISC Wicketkeeping Gloves, for instance.

     

    Cricket apparel now has cutting-edge moisture-wicking textiles to keep players dry and comfortable throughout tense matches. These materials support player comfort by controlling sweat. Nike Dri-FIT Cricket Clothing, for instance.

     

    Some cricket helmets are now equipped with anti-fog visors to enhance visibility in humid weather. For fielders and hitters, these visors ensure excellent vision by reducing moisture buildup. Shrey Master Class Air Cricket Helmet, for instance.

     

    CRICKET EQUIPMENT MARKET RECENT TRENDS WITH EXAMPLE

    Sustainability and eco-friendly materials: The cricket equipment sector has placed an increasing emphasis on sustainability. To lessen their impact on the environment, manufacturers are looking into eco-friendly materials and manufacturing techniques.

     

    Example: A cricket bat produced from sustainable English willow called the BAS Vampire Players Edition. Cricket players are increasingly choosing lightweight yet extremely protective equipment.

     

    Modern gloves, helmets, and pads all use cutting-edge materials that offer good impact protection without adding a lot of weight. Taking the lightweight foam composition of Gray-Nicolls Ultra 1100 Batting Pads as an example.

     

    Customized and Personalized Gear: To better fit their own preferences and styles, players are looking for more customized gear.Cricket bats, gloves, and clothes may all be customized by brands, enabling players to make equipment that meets their needs. Gunn & Moore Icon Personal Edition Cricket Bat, as an illustration.

     

    Smart wearable technology is being integrated into cricket equipment to give players access to real-time performance data. Swing speed, shot quality, and other parameters can be tracked using smart sensors built into bats and wearables to help players get better.

     

    Speculur S-RICH Smart Cricket Bat Sensor, for instance. Cricket equipment with enhanced ventilation and cooling functions is in high demand because players spend lengthy hours on the field.

     

    Mesh panels and airflow patterns strategically placed on clothing and helmets can assist control body temperature. Enhanced airflow on the Kookaburra Pro 1500 Cricket Helmet, for instance.

     

    CRICKET EQUIPMENT MARKET GEOGRAPHY OVERVIEW

     

    North America 

    The North American market, particularly the USA, will be one of the prime markets for (Cricket Equipment) due to the nature of industrial automation in the region, high consumer spending compared to other regions, and the growth of various industries, mainly AI, along with constant technological advancements. The GDP of the USA is one of the largest in the world, and it is home to various industries such as Pharmaceuticals, Aerospace, and Technology. The average consumer spending in the region was $72K in 2023, and this is set to increase over the forecast period. Industries are focused on industrial automation and increasing efficiency in the region. This will be facilitated by the growth in IoT and AI across the board. Due to tensions in geopolitics, much manufacturing is set to shift towards the USA and Mexico, away from China. This shift will include industries such as semiconductors and automotive. 

     

    Europe 

    The European market, particularly Western Europe, is another prime market for (Cricket Equipment) due to the strong economic conditions in the region, bolstered by robust systems that support sustained growth. This includes research and development of new technologies, constant innovation, and developments across various industries that promote regional growth. Investments are being made to develop and improve existing infrastructure, enabling various industries to thrive. In Western Europe, the margins for (Cricket Equipment) are higher than in other parts of the world due to regional supply and demand dynamics. Average consumer spending in the region was lower than in the USA in 2023, but it is expected to increase over the forecast period. 

      

    Eastern Europe is anticipated to experience a higher growth rate compared to Western Europe, as significant shifts in manufacturing and development are taking place in countries like Poland and Hungary. However, the Russia-Ukraine war is currently disrupting growth in this region, with the lack of an immediate resolution negatively impacting growth and creating instability in neighboring areas. Despite these challenges, technological hubs are emerging in Eastern Europe, driven by lower labor costs and a strong supply of technological capabilities compared to Western Europe. 

      

    There is a significant boom in manufacturing within Europe, especially in the semiconductor industry, which is expected to influence other industries. Major improvements in the development of sectors such as renewable energy, industrial automation, automotive manufacturing, battery manufacturing and recycling, and AI are poised to promote the growth of (Cricket Equipment) in the region. 

     

    Asia 

    Asia will continue to be the global manufacturing hub for (Cricket Equipment Market) over the forecast period with China dominating the manufacturing. However, there will be a shift in manufacturing towards other Asian countries such as India and Vietnam. The technological developments will come from China, Japan, South Korea, and India for the region. There is a trend to improve the efficiency as well as the quality of goods and services to keep up with the standards that are present internationally as well as win the fight in terms of pricing in this region. The demand in this region will also be driven by infrastructural developments that will take place over the forecast period to improve the output for various industries in different countries.    

     

    There will be higher growth in the Middle East as investments fall into place to improve their standing in various industries away from petroleum. Plans such as Saudi Arabia Vision 2030, Qatar Vision 2030, and Abu Dhabi 2030 will cause developments across multiple industries in the region. There is a focus on improving the manufacturing sector as well as the knowledge-based services to cater to the needs of the region and the rest of the world. Due to the shifting nature of fossil fuels, the region will be ready with multiple other revenue sources by the time comes, though fossil fuels are not going away any time soon. 

     

    Africa 

    Africa is expected to see the largest growth in (Cricket Equipment Market) over the forecast period, as the region prepares to advance across multiple fronts. This growth aligns with the surge of investments targeting key sectors such as agriculture, mining, financial services, manufacturing, logistics, automotive, and healthcare. These investments are poised to stimulate overall regional growth, creating ripple effects across other industries as consumer spending increases, access to products improves, and product offerings expand. This development is supported by both established companies and startups in the region, with assistance from various charitable organizations. Additionally, the presence of a young workforce will address various existing regional challenges. There has been an improvement in political stability, which has attracted and will continue to attract more foreign investments. Initiatives like the African Continental Free Trade Area (AfCFTA) are set to facilitate the easier movement of goods and services within the region, further enhancing the economic landscape. 

     

    RoW 

    Latin America and the Oceania region will showcase growth over the forecast period in (Cricket Equipment Market). In Latin America, the focus in the forecast period will be to improve their manufacturing capabilities which is supported by foreign investments in the region. This will be across industries mainly automotive and medical devices. There will also be an increase in mining activities over the forecast period in this region. The area is ripe for industrial automation to enable improvements in manufacturing across different industries and efficiency improvements. This will lead to growth of other industries in the region. 

     

    CRICKET EQUIPMENT MARKET MARGIN COMPARISON

     

    Margin Comparison (Highest to lowest)  Region  Remarks 
    Europe  The supply chain demands and the purchasing power in the region enable suppliers to extradite a larger margin from this region than other regions. This is for both locally manufactured as well as imported goods and services in the region. 
    North America  Due to the high spending power in this region, the margins are higher compared to the rest of the world, but they are lower than Europe as there is higher competition in this region. All the suppliers of goods and services target USA as a main market thereby decreasing their margins compared to Europe 
    Asia  Lower purchasing power, coupled with higher accessibility of services in this regions doesn’t enable suppliers to charge a high margin making it lower than Europe and North America. The quality of goods and services are also affected due to this aspect in the region 
    Africa and ROW  The margins are the lowest in this region, except for Australia and New Zealand as the countries in this region don’t have much spending power and a large portion of the products and services from this area is exported to other parts of the world 

     

    INNOVATION INVESTMENTS BY REGION

     

    USA – $210 billion is allocated to federal R&D with main focus on health research, clean energy, semiconductor manufacturing, sustainable textiles, clean energy, and advanced manufacturing. Investments by private players are mainly focused on technological development including 5G infrastructure and AI in the region. 

     

    Europe – EIC is investing €1 billion to innovative companies in sectors like AI, biotechnology, and semiconductors. There is also a focus on developing the ecosystem in the continent as well as improving the infrastructure for developing industries such as electric vehicles and sustainable materials. Private players are targeting data centers, AI, battery plants, and high end technological R&D investments. 

     

    Asia – There are investments to tackle a range of scientific and technological advancements in this region mainly coming in from China, India, South Korea, and Japan. This will include artificial intelligence, 5G, cloud computing, pharmaceutical, local manufacturing, and financial technologies. Many countries are aiming to be digital hubs including Saudi Arabia. 

     

    Africa – Investments in the region are focused on improving the technological capabilities in the region along with socio-economic development and growth. Private participants of investments in this region is venture capital dominated who are targeting the various growth elements of the region as social stability improves. The major industries are fintech, easier lending, and manufacturing. 

     

    Latin America – The focus in the region is for fintech, e-commerce, and mobility sectors. There are also investments in improving manufacturing in the region. Local investments is focused on improving the healthcare, and transportation infrastructure in the region. The region is attracting foreign investments to improve their ability to utilize the natural resources present in the region. 

     

    Rest of the World – The investments in this region are focused on clean energy, green metals, and sustainable materials. Funds in Australia are focused on solar energy and battery technologies, along with high end futuristic areas such as quantum computing. The main countries of private investment in ROW will be Australia, Canada, and New Zealand. 

     

    CRICKET EQUIPMENT MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

    1. How many cricket equipment are manufactured per annum globally? Who are the sub-component suppliers in different regions?
    2. Cost breakup of a Global cricket equipment and key vendor selection criteria
    3. Where is the cricket equipment manufactured? What is the average margin per unit?
    4. Market share of Global cricket equipment market manufacturers and their upcoming products
    5. Cost advantage for OEMs who manufacture Global cricket equipment in-house
    6. key predictions for next 5 years in Global cricket equipment market
    7. Average B-2-B cricket equipment market price in all segments
    8. Latest trends in cricket equipment market, by every market segment
    9. The market size (both volume and value) of the cricket equipment market in 2024-2030 and every year in between?
    10. Production breakup of cricket equipment market, by suppliers and their OEM relationship

     

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2024-2030
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030
    19 Market Segmentation, Dynamics and Forecast by Application, 2024-2030
    20 Market Segmentation, Dynamics and Forecast by End use, 2024-2030
    21 Product installation rate by OEM, 2023
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2023
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
     
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