Market News

According to Fortune Business Insights, the global cricket bat market size was valued at USD 200.96 million in 2024 and is projected to grow to USD 346.20 million by 2032, registering a robust CAGR of 7.13% during the forecast period. This market growth is fueled by the rising global popularity of cricket, increasing demand for premium-quality equipment, and the strong expansion of professional and amateur cricket leagues worldwide. In 2024, Asia Pacific dominated the market with a 35.1% market share, supported by a rapidly growing player base, thriving local manufacturing hubs, and the sport’s massive following in cricket-loving nations such as India, Pakistan, and Australia.

Market OverviewAccording to Fortune Business Insights, the global gift retailing market was valued at USD 475.00 billion in 2024 and is projected to rise to USD 630.52 billion by 2032, growing at a CAGR of 3.61% during the forecast period. Europe led the market with a 37.7% share in 2024, followed by North America and Asia Pacific. The market comprises a diverse range of gift products including greeting cards, jewelry, apparel, accessories, and more. The growth of the gift retailing market is fueled by evolving gift-giving traditions, rising disposable incomes, and the popularity of personalized and premium products. Key players such as American Greetings Corporation, Card Factory, Ferns N Petals Pvt. Ltd, Macy’s Inc., and Archies Limited are expanding their offerings to meet diverse consumer needs.