The global cricket equipment market was valued at $680.2 million in 2022, and is forecast to reach $1.3 billion by 2032, growing at a compound annual growth rate (CAGR) of 6.7 percent from 2023 to 2032, according to a new report by Allied Market Research. Growth will be driven by the increasing popularity of the sport and growing fan bases.
Cricket’s popularity has been increasing worldwide, beyond traditional cricket-playing countries, fostered by international competitions like the ICC Cricket World Cup and the advent of franchise-based T20 tournaments, such as the Indian Premier League (IPL), explains the report. As cricket attracts more and more fans across continents, the consumer interest in cricket equipment has rapidly increased, propelling demand for bats, balls, protective gloves, safety gear and apparel. The emergence of grassroots cricket programs is also driving market growth.
Meanwhile, the high cost of quality cricket equipment remains a major constraint to market expansion. Cricket involves a vast array of equipment and requires significant financial commitments from players at all levels. Efforts to make quality cricket equipment more affordable might help open up the market to a broader audience.
By product type, the bats segment dominated the market in 2022 and is expected to continue to do so during the forecast period (2022–32). By region, the Asia-Pacific region dominated the market in 2022 and is set to maintain its lead position during the forecast period. By distribution channel, the sports retail stores segment dominated the market in 2022 and is expected to continue to dominate the market during the forecast period.
