Global Cricket Gloves Market Trends & Future Insights Analyzed for the Period 2017-22

Posted on 2018-07-02 by Mark Hub in Industrial, Retail, Sports // 0 Comments

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Dublin 2, Ireland, 2018-Jul-02 — /EPR Network/ — Cricket is quite a polarizing game as it is followed with a passion in Commonwealth countries but is hardly understood in the rest of the world that was not influenced by the British. Cricket gloves are an important part of the cricket accessories market but the cricket gloves market has not been able to reach its full potential. This is mainly because the gentleman’s game itself has been unable to gain widespread acceptance in Europe, South America, and East Asia, hampering the growth of the cricket gloves market. In addition, the cricket gloves market is largely saturated and companies have to devise innovative marketing strategies to help their products be the ‘best amongst the rest’.

Sausage Finger Gloves & Multi-Piece Gloves – an Equal Opportunity

The sausage finger cricket gloves and the multi-piece cricket gloves segment both account for a revenue share of more than a third in the cricket gloves market by product type. The multi-piece cricket glove segment is slightly larger and is anticipated to be worth approx. US$ 22 million by the end of 2022. The popularity of cricket in the highly populous APEJ region, particularly in India, Pakistan, Bangladesh, and Sri Lanka ensures that companies making both forms of gloves types focus their attention on this dynamic region.

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3 Predictions on Future of Cricket Gloves Market

1. The individual segment accounts for the lion’s share of the cricket gloves market by buyer type and is likely to remain so throughout the duration of the forecast period. The individual segment is on track to be worth just under US$ 42 million by end 2022, making it imperative for key stakeholders in the cricket gloves market to target these buyers. The institutional segment is some way behind at approx. a third of the cricket gloves market. Companies could look at targeting institutions in the highly populous APEJ region particularly India, Pakistan, Bangladesh, and Sri Lanka as these countries consider the game to be their de-facto national sport and have committed large sums to it

2. The modern trade channel is the most popular distribution channel with a revenue share approaching a quarter of the cricket gloves market. The modern trade channel is especially lucrative in APEJ and Europe as both these regions are estimated to be worth more than US$ 4 million by end 2022. The franchised sports segment closely follows the modern trade channel and it represents a sixth of the cricket gloves market by distribution channel. APEJ alone contributes more than a third and it would make sense for companies to attack this region before all others in the cricket gloves market

3. The direct to customer online channel is currently a niche as it occupies a single-digit revenue share in the cricket gloves market. However, there is a strong possibility that it may become increasingly important in the days ahead as a result of improving Internet connectivity and the flexibility and convenience offered by ecommerce channels. Ecommerce is anticipated to have the maximum impact in the APEJ region allowing the direct to customer online channel to push past US$1.5 million in this dynamic region of the cricket gloves market

200mm-210mm Glove Segment Nearly Half the Cricket Gloves Market

The 200mm-210mm glove segment is the largest segment in the cricket gloves market by a considerable margin and companies would do well to take this into account. APEJ alone is touching 40% of the 200mm-210mm glove segment and is poised to exceed US$ 11 million by the end of the forecast period. Another important glove size is the 175mm-190mm segment and this is expected to have a revenue share of roughly a third of the cricket gloves market. Key stakeholders in the cricket gloves market would do well to target Europe in the 175mm-190mm segment.

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Competition Dashboard

The FactMR report on the cricket gloves market has profiled some of the prominent companies actively involved in the cricket gloves market. These include Adidas AG, Nike, PUMA, Reebok International, MRF, ASICS Corporation, Gray-Nicolls Limited, Kookaburra Sport Pty, Cosco (India) Limited, and Playground Sports (India) Pvt. Ltd.

Table of Contents:

1. Global Cricket Gloves Market – Executive Summary

2. Global Cricket Gloves Market Overview

3. Global Cricket Gloves Market Analysis and Forecast By Product Type
3.1. Global Cricket Gloves Market Size and Forecast By Product Type, 2012-2022
3.1.1. Sausage Finger Cricket Gloves Cricket Gloves Market Size and Forecast, 2012-2022
3.1.1.1. Revenue (US$ Mn) Comparison, By Region
3.1.1.2. Market Share Comparison, By Region
3.1.1.3. Y-o-Y growth Comparison, By Region
3.1.2. Multi-piece Cricket Gloves Cricket Gloves Market Size and Forecast, 2012-2022
3.1.2.1. Revenue (US$ Mn) Comparison, By Region
3.1.2.2. Market Share Comparison, By Region
3.1.2.3. Y-o-Y growth Comparison, By Region

4. Global Cricket Gloves Market Analysis and Forecast By Hand Length
4.1. Global Cricket Gloves Market Size and Forecast By Hand Length, 2012-2022
4.1.1. Less than 165 mm Cricket Gloves Market Size and Forecast, 2012-2022
4.1.1.1. Revenue (US$ Mn) Comparison, By Region
4.1.1.2. Market Share Comparison, By Region
4.1.1.3. Y-o-Y growth Comparison, By Region

Continued…….

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