The Global Cricket Equipment Market 2016-2020 is a new research report added to SandlerResearch.org. There is a growing demand for eco-friendly products worldwide because of concerns about preserving the environment. Therefore, cricket equipment manufacturers are replacing the traditional leather, synthetic rubber, polyurethane, nylon, and other synthetic materials with organic cotton, water-based adhesives, and recycled plastic materials in their manufacturing process.
Complete report on cricket equipment market spread across 74 pages, analyzing 5 major companies and provides 22 data exhibits is now available at http://www.sandlerresearch.org/global-cricket-equipment-market-2016-2020.html .
The analysts forecast global cricket equipment market to grow at a CAGR of 3.3% during the period 2016-2020. Twenty20 cricket tournaments have become very popular across the world, as they are played over a short duration compared to test matches and one-day international cricket matches. Test matches, which are played over an average of four days, are becoming less popular. There has been a considerable increase in the audience base for these tournaments, making them a more frequent occurrence worldwide. The Indian Premier League is another popular Twenty20 tournament. The popularity of this new format, along with the existing one-day and test matches, has increased the frequency of cricket tournaments. This boosts the associated markets, including cricket equipment.
In cricket equipment market analysis, analysts have estimated the cricket bats segment to account for more than 54% of the total market share by 2020. Recent innovations in the development of cricket bats is a major factor that will impel this market segment’s revenue-generating capacity until 2020. This segment was closely followed by the cricket balls segment, which is anticipated to be the fastest growing market segment due to its high replacement rate.
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The specialty and sports shops segment accounted for around 49% of the total market share in 2015. Since these stores carry a large portfolio of products and provide the required support and information to consumers, their overall market share is envisaged to increase during the forecast period. Also, factors such as their ability to advise customers via an expert customer service personnel will result in this market segment’s high growth during the predicted period.
The global cricket equipment market is competitive and is dominated by a few leading international players. Factors like product innovations and celebrity endorsements will help to differentiate different products in this market.
Key players in the Global Cricket Equipment Market: Adidas, Gunn & Moore, Sanspareils Greenlands, Sareen Sports, and Slazenger. Other Prominent Vendors in the market are: British Cricket Balls, CA Sports, Callen Cricket, Fearnley, Gray-Nicolls, Kippax, Kookaburra, MRF, Nike, Puma, Sommers, and Woodworm Cricket Co.
Further, the report states that not all countries worldwide have the required infrastructure to support cricket, and people tend to pursue the sport that is the most popular in their country. Therefore, the market for other sports in that country becomes limited in terms of revenue growth.
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