Press Release Description
A USD 712 Million the US Cricket Equipment Market to Surge at a CAGR of Around 7.1% During 2025-30
The US Cricket Equipment Market size is valued at around USD 712 million in 2024 & is projected to grow at a CAGR of around 7.1% during the forecast period of 2025-30, cites MarkNtel Advisors in its recent research report. Cricket is loved and watched all over the world. Also, it is highly popular in places like India, Australia, England, New Zealand, and South Africa. But, these days the game is gaining popularity among other countries as well like the US, Namibia, Niger, and Canada. With their new interest, energy, and enthusiasm, these new players have started competing on the global level with the other major dominating players. Thus, the number of teams and players is becoming more to participate, and the interest in cricket & popularity of this kind of game is growing in the country. With increased participation rates the consumption rates for cricket playing aids such as bats, balls, gloves, helmets, shoes, and protective wear have risen over the recent years and this signifies the raw manufacturing base immensity for the leading market players.
Along with it, the growth of the number of events, leagues, and tournaments is increasing which is the major factor that notably increased the interest in cricket and help in boosting the demand for cricket equipment leading to the entrance of new players in the cricket manufacturing equipment industry. However, the market growth is hampered by the increased price for quality equipment that meets the standards set by the associations and organizations related to cricket, which makes it difficult for everyone to go for these types of equipment and can impact negatively the market growth and revenue for the key players in the market.
Moreover, the development and adaptation of new technologies for the manufacturing of equipment to enhance the functionality of the products is providing new growth opportunities for the key players and shaping the trends these days. Innovators are trying to create the type of footwear for the players which are comfortable to wear and also good for the performance on the pitch. Also, these types of efforts are going on to find a solution to reduce the weight of the gloves and cricket helmets.
Furthermore, promoting awareness programs and increased association partnerships with key players and teams can help attract more new players. Preparing cricketers at the budding stage would increase interest, skills, and trainability for advanced and extra-talented youth crickets. This will engage more cricket-loving youth, increase their participation, and further augment the demand for different types of cricket equipment, further states the research report, “The US Cricket Equipment Market Analysis, 2025.”
US Cricket Equipment Market Segmentation Analysis
Men End-User holds the Largest Market Share
Based on the end-user, the market is further bifurcated into, men, women, kids, and sports coaching & training center. The men’s segment holds the dominant market share. Also, it is expected to remain the same for the forecast period as stated by the research report. The high proportion of men in the cricket equipment industry is explained by the fact that there are already a lot of male players who compete in professional and international cricket matches long before the women do. Also, they are more involved with the game than the women & kids and hence are participating in the events and holding the largest share due to more demand augmented by more participation rates. The events related to cricket are more common for men and started to gain traction for women, or kids, which also clarifies the reason behind the large share of men in the end users segment.
Competitive Landscape
With strategic initiatives such as mergers, collaborations, and acquisitions, the leading market companies, including Sanspareils Greenlands (SG), Kookaburra Sport Pty Ltd., Gunn & Moore Limited, Gray-Nicolls Sports Ltd., Adidas AG, Puma SE, New Balance, Hammer Cricket USA, MRF Ltd., and others are looking forward to strengthening their market positions.
Key Questions Answered in the Research Report
- What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- What key factors would propel and impede the industry across the country?
- How has the industry been evolving in terms of geography & product adoption?
- How has the competition been shaping up across the country?
- How have buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2020-30?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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