Sports Composites Market by Fiber Type (Glass Fiber, Carbon Fiber, and Others), Resin (Epoxy, Polyurethane, Polyamide, Polypropylene, and Others), Application (Golf Clubs, Hockey Sticks, Rackets, Bicycles, Skis & Snowboards, and Others): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026761 | Pages: 100 | Industry: Consumer Goods | Date: Oct 2022 | Type: Global

The market crossed the US$ 4.5 billion mark in 2022 and is expected to hit US$ 6.5 billion by 2030, recording a CAGR of 4.7% during the forecast period.

The Sports Composite market is significantly increasing with the growing sport industry 

Growing demand for durable materials in the production of sports equipment, increasing investment for the development of new products, and increasing demand for lightweight materials for sports goods are some of the major factors driving the growth of the market. The carbon fiber segment is expected to pace up owing to the increasing use of fibers in golf clubs, bicycle frames, and rackets.  Glass fiber and others segments are also expected to surge during the forecast period.

Within the report, the market is segmented into fiber type, resin, application, and geography. By fiber type, the market is further segmented into glass fiber, carbon fiber, and others. On basis of resin, the market is segmented into epoxy, polyurethane, polyamide, polypropylene, and others.  By application, the market is categorized into golf clubs, hockey sticks, rackets, bicycles, skis & snowboards, and others. Geographically, the market is sub-segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

Increased demand for lightweight materials has empowered the growth of the market.

Composite can be used to upgrade sports equipment used to protect athletes or to upgrade the venues that host the games themselves. Sports composites are used in various sports equipment as they offer increased efficiency and lower weight, thereby enhancing athletic performance and lowering the threat of injury. In addition, composites offer high strength-to-weight capabilities in comparison with other traditional materials such as titanium alloys, high tensile strength steels, and others, thus helping create increasingly efficient and variety in designs. Thus, the above-mentioned factors are attributed to the growth of the market during the forecast period.

Rising adoption in various applications is one of the major factors accelerating market growth.

Sport composites are used in various applications such as golf clubs, hockey sticks, rackets, bicycles, skis & snowboards, and others. The demand for different sport composite products is increasing for bicycle application owing to increased demand for lightweight bicycles in competitive sports as well as recreation activities. In addition, increasing demand for carbon-reinforced bicycle frames due to a decrease in cost is expected to drive the demand over the forecast period. The golf clubs, hockey sticks, rackets, and skis & snowboards applications has also witnessed an extensive use of sports composites.

Recent strategic developments in the sports composites market

The sports composites market has undergone several significant developments, and a few of these have been mentioned below:

  • In May 2021, Toray Industries, Inc. created high tensile modulus carbon fiber and thermoplastic pellets which are ideal for injection molding employing that fiber.

The sports composites market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Bakelite Synthetics, Jarden Composites, Rossignol, Toray Industries Inc., SGL Group, and Aldila Inc. are among the prominent players operating in the market.

Target audience for the report:

  • Raw material providers
  • Sports composites related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • Application industry of sports composites industry
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Fiber Type:
    • Glass Fiber
    • Carbon Fiber
    • Others
  • Resin:
    • Epoxy
    • Polyurethane
    • Polyamide
    • Polypropylene
    • Others
  • Application:
    • Golf Clubs
    • Hockey Sticks
    • Rackets, Bicycles
    • Skis & Snowboards
    • Others
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
    • Jarden Composites
    • Rossignol
    • Toray Industries Inc.
    • SGL Group
    • Aldila Inc.

The List of Companies
- Jarden Composites
- Rossignol
- Toray Industries Inc.
- SGL Group
- Aldila Inc.

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