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Cricket Gloves Market

Cricket Gloves Market Forecast by Product Type (Sausage Finger, Multi-piece, Hybrid Cricket Gloves), by Hand Length (165-175 mm, 190-200 mm, 200-210 mm), by Buyer Type (Individual, Institutional, Promotional), by Sales Channel, by Region – Global Market insights 2022 to 2032

Analysis of Cricket Gloves market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Cricket Gloves Market Outlook (2022-2032)

The global cricket gloves market is set to enjoy a valuation of US$ 60.4 Million in 2022 and further expand at a CAGR of 2.8 % to reach US$ 80 Million by the end of 2032.

Wide use of multi-piece cricket gloves by cricketers of different origin is expected to contribute more than 38% to the global market growth during the forecast period.

Report Attributes

Details

Cricket Gloves Market Size (2021A)

US$ 58.8 Million

Estimated Market Value (2022E)

US$ 60.4 Million

Forecasted Market Value (2032F)

US$ 80 Million

Global Market Growth Rate (2022-2032)

2.8% CAGR

North America Market Share (2021)

~ 8.3 %

Europe Market Growth Rate (2022-2032)

~ 2.5 % CAGR

United States Market Growth Rate (2022-2032)

~ 2.6% CAGR

Market Share of Top 5 Companies

~ 26.9%

Key Companies Profiled

  • Adidas AG
  • NIKE, Inc.
  • PUMA
  • Reebok International
  • MRF
  • ASICS Corporation
  • Gray-Nicolls Limited
  • Kookaburra Sport Pty
  • Cosco (India) Limited

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Sales Analysis of Cricket Gloves (2017-2021) vs. Market Forecast Outlook (2022-2032)

Fan base for popular sports like cricket have been on rise since the last decade which in turn is helping to maintain a strong grip on the overall sports industry. The growth potential of cricket in South Asia has a positive impact on sports equipment market thereby increasing the sales of cricket gloves. Increased consumers’ acceptance of online platforms for shopping owing to factors like convenience and price comparison has accelerated the e-commerce retail sales of cricket gloves. This has pushed the demand for cricket gloves significantly among the population, instigating a market expansion with a compound annual growth rate of 2.7% from 2017 to 2021.

Setting up of cricket academies with an aim to identify, develop and enhance interest for the game of cricket amongst the younger generation will uplift the market for cricket gloves in the coming years. In addition, ensuring ample opportunities for female participation in sports will uplift target market revenue. Margin improvement for cricket gloves is expected to be driven during forecast period owing to rise in consumer spending on sporting goods.

Fact.MR suggests that the global market for cricket gloves will be valued at US$ 80 Million by 2032 end posing a CAGR of 2.8% since 2022.

  • Short Term (2022 Q2 to 2025): Growing consumers’ demand for better quality sports equipment that provide protection from any injuries during the game will boost the market growth of cricket gloves in short term.
  • Medium Term (2025-2028): The target market is expected to experience growth during the medium-term projection period owing to adoption of new technologies by the market players to improve their product offering.
  • Long Term (2028-2032): Increased spending on sports goods and government initiatives that impart cricket training to the population will expand the target product market during the long term forecast.

Over the 2017-2021 historical period, the global cricket gloves market registered a CAGR of 2.7%, and according to the Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 2.8% CAGR between 2022 and 2032.

Global cricket gloves market forecast by Fact.MR

Market share analysis of cricket gloves based on product type is provided in a nutshell in the above image. Under the product type segment, multi-piece cricket gloves segment dominates with 35.6 % market share in 2022.

Cricket Gloves Market

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What’s Driving Demand for Cricket gloves?

“Growing Cricket Obsession Among Population to Uplift the Market for Cricket Gloves”

Cricket is considered as one of the fastest growing sports around the world. The game is gaining attention among the population due to the rising domestic and international cricket leagues. In addition, the social media platforms play a vital role in broadcasting cricket matches to the population which are played at different corners of the world. Such global reach and strong engagement of people during the matches have helped in the steady growth of the game’s popularity. The shifting paradigm in educational systems to incorporate cricket as a physical education program has motivated the millennial generation to pursue their career in sports. This rising fever of varied cricket leagues which is at peak nowadays, is increasing the sales of cricket gloves. The aforementioned growing popularity of cricket among fan base is expected to uplift the market for cricket gloves across the globe.

“Increased Female Engagement in Cricket to Maintain Growth Trajectory of Overall Market Sales”

Positive outlook for the future of female participation in different sporting games comes from the fact that there is an increased level of interest in the game of cricket. Inspiration from cricket heroes have helped a lot of women to adopt sportsman spirit in life to pursue their career in cricket. In addition, provision of cricket sports scholarships by the government helps the aspiring female cricketers to gain proper coaching and improve their game. This in turn enhances the demand for cricket sports equipment from the end users side.

Therefore, the soaring popularity of women’s cricket is directly proportional to the global sales of cricket gloves.

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

What Do Cricket Gloves Manufacturers Need to Watch Out for?

Counterfeits on Sports Brands to Negatively Hamper the Market Expansion’’

Manufacturers of sports goods massively invests in expanding their R&D workforce with an objective to provide specially designed high quality products to their end users thereby increasing their customer base. This increases the company’s revenue and market growth. Imposture cricket gloves which are made from substandard materials can cause serious injuries to the players. Consumers who are intending to buy genuine sports good are deceived into buying duplicate products that breaks consumers trust on the promise of the trade mark and associated brand values. Lack of awareness among consumers about fake sporting goods available in the market elevates the malpractice of counterfeiting sporting goods which in return decreases the sales of the target product manufactured by the players.

Hence, popularity and passion for sports makes the cricket sector a prime target for counterfeits which also acts as a restraining factor for the global cricket gloves market.

Country-wise Insights

Why are South Asia & Oceania Considered to be a Major Market for Cricket gloves?

South Asia & Oceania target market is estimated to value at US$ 20.2 Million by the end of 2022.

Changing buyers’ perception towards quality over quantity products, and rise in consumer spending has evolved South Asia & Oceania as one of the leading market for cricket gloves. In addition, participation from various countries in cricket leagues like IPL, T20 matches, ODI etc. which are organized by South Asia region helps to maintain the growth trajectory of cricket gloves sales.

Moreover, eagerness towards the game with the help of broadcastings through social media platforms will open a handful of opportunities for the market expansion of cricket gloves products.

Why is North America Expected to be Highly Lucrative for Cricket Gloves Market?

North America, being one of the largest sports market in the world have opened incremental opportunities for the sales of cricket gloves. The growing immigrant population to the U.S. from cricket loving regions are uplifting the demand for protective gears used in cricket. In addition, capacity expansion by leading players in the market also proved to be a major factor for the market expansion of cricket gloves in North America owing to the tremendous innovation in evolution of e-commerce in B2C market.

Thus, North America will become a profitable market for cricket gloves in the coming years, according to Fact.MR.

Category-wise Insights

Which Cricket Gloves Type is Highly in Demand?

Multi-piece cricket gloves are anticipated to hold 36.4% of the global market share among product type by 2032. The provision of flexibility and ease from the use of multi-piece cricket gloves by wristy players while playing spin-friendly tracks uplifts the demand for multi-piece cricket gloves from end users playing across the globe. Moreover, availability of the target product in conventional shapes that provides additional hand protection is expected to boost sales of multi piece cricket gloves.

Why Individual Buyer Type Segment for Cricket Gloves Market is Expected to Lead the Market Growth?

Market share by individual buyer type is anticipated to grow at a CAGR of 3.3% over the estimated period. Growing popularity of the game among the population is expected to open plethora of opportunities for cricket gloves market to flourish. Even though cricket gloves are not mandatory at any level of the game, they are considered to be an essential part of the cricket equipment. They provide protection to the players from causing any adverse injury to their wrist and fingers. In addition, customizing cricket gloves according to end users’ requirements have created extensive opportunities for the target market to grow.

Competitive Landscape

Prominent market players manufacturing cricket gloves are Adidas AG, NIKE, Inc., PUMA, Reebok International, MRF, ASICS Corporation, Kookaburra Sport Pty and Cosco (India) Limited.

Manufacturers are focusing on adopting various marketing strategies like reduced price points on manufactured products, partnerships with retailers, launch of endorsement programs, use of new technologies to manufacture cutting edge products etc. in order to meet the scope of competition in the sports equipment industry.

  • In Dec 2021, Reebok International announced a collaboration with Aditya Birla Group to expand their distribution of products in India and Southeast Asia.

Fact.MR has provided detailed information about the price points of key manufacturers of cricket gloves positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Cricket Gloves Industry Research

  • By Product Type:

    • Sausage Finger Cricket Gloves
    • Multi-piece Cricket Gloves
    • Hybrid Cricket Gloves
  • By Hand Length:

    • Less than 165 mm
    • 165 mm - 175 mm
    • 175 mm - 190 mm
    • 190 mm - 200 mm
    • 200 mm - 210 mm
    • Greater than 210 mm
  • By Buyer Type:

    • Individual
    • Institutional
    • Promotional
  • By Sales Channel:

    • Independent Sports Outlet
    • Franchised Sports Outlet
    • Modern Trade Channels
    • Direct to Customer Brand Outlet
    • Direct to Customer Online Channel
    • Direct to Customer Institutional Channel
    • Third Party Online Channel
  • By Region:

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • MEA

- Premium Report Details -

Cricket Gloves Market
  • FACT222MR
  • Oct-2022
  • Sports
  • 170 Pages
  • 70 Tables
  • 114 Figures

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Worldwide demand for cricket gloves is anticipated to reach US$ 80 Million by 2032-end.

During 2017-2021, sales of cricket gloves increased at 2.7% CAGR.

South Asia & Oceania tops the global cricket gloves market and will account for 33.4% market share by end of 2022.

Multi-piece cricket gloves will account for 35.6% share of global sales by 2022.

The global cricket gloves market is valued at US$ 60.4 Million in 2022.

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