Product Code: 978-1-68038-893-0
Sports Composites Market Growth & Trends:
The global sports composites market is expected to be valued at USD 5.67 billion by 2030, registering a CAGR of 5.8%, according to a new report by Grand View Research, Inc. The market is expected to exhibit significant growth owing to increasing demand for high-performance materials for manufacturing lightweight as well rigid sporting goods.
Growing replacement of traditional steel with light weight carbon fiber in golf clubs due to increased carry distance is expected to drive the market over the forecast period. Furthermore, increasing investment by manufacturers for the development of durable composites in manufacturing sports equipment is expected to bolster growth.
Carbon fiber is expected to witness the fastest growth over the forecast period due to its increasing use for manufacturing sports goods such as hockey sticks and rackets. Superior properties such as high tensile strength, impact absorption, durability, and weight reduction of the equipment offered by these materials are likely to drive demand over the projected period.
Epoxy based composites are expected to be the fastest growing resin segment in the market owing to its heat resistant properties which facilitate its use in rackets and snowboards manufacturing. Epoxy resins are widely used along with carbon fiber for manufacturing skis, rackets, and bicycle parts.
Sports Composites Market Report Highlights:
- Golf equipment dominated the market and accounted for a market share of 30.3% in 2023. It can be attributed to the increasing popularity of the sport among people worldwide.
- The glass fiber segment is expected to grow at a significant CAGR over the forecast period. It can be attributed to the increasing use of glass fiber composites in snowboards and skis and its ability to improve sliding properties and provide additional strength during landing
- The polyamide segment is expected to grow at a significant CAGR over the forecast period. The inherent corrosion resistance of polyamide makes it suitable for outdoor sports equipment exposed to varying environmental conditions.
- Prepreg layup dominated the market and accounted for a market share of 35.1% in 2023 owing to the consistent quality, performance, and improvement in manufacturing efficiency offered by it.
- Asia Pacific sports composites market dominated the global market with the revenue share of 33.1% in 2023 and is expected to grow at the fastest CAGR over the forecast period.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Sports Composites Market Variables, Trends, & Scope
- 3.1. Market Introduction/Lineage Outlook
- 3.2. Market Size and Growth Prospects (USD Million) (Volume in Kilotons)
- 3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
- 3.4. Sports Composites Market Analysis Tools
- 3.4.1. Porter's Analysis
- 3.4.1.1. Bargaining power of the suppliers
- 3.4.1.2. Bargaining power of the buyers
- 3.4.1.3. Threats of substitution
- 3.4.1.4. Threats from new entrants
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
- 3.4.2.1. Political landscape
- 3.4.2.2. Economic and Social landscape
- 3.4.2.3. Technological landscape
- 3.4.2.4. Environmental landscape
- 3.4.2.5. Legal landscape
Chapter 4. Sports Composites Market: Reinforcement Material Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Sports Composites Market: Reinforcement Material Movement Analysis, 2023 & 2030 (USD Million)
- 4.3. Carbon Fiber
- 4.3.1. Carbon Fiber Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
- 4.4. Glass Fiber
- 4.4.1. Glass Fiber Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
- 4.5. Others
- 4.5.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
Chapter 5. Sports Composites Market: Resin Type Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Sports Composites Market: Resin Type Movement Analysis, 2023 & 2030 (USD Million)
- 5.3. Epoxy Resin
- 5.3.1. Epoxy Resin Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
- 5.4. Polyamide
- 5.4.1. Polyamide Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
- 5.5. Others
- 5.5.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
Chapter 6. Sports Composites Market: Process Type Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Sports Composites Market: Process Type Movement Analysis, 2023 & 2030 (USD Million)
- 6.3. Prepeg Layup
- 6.3.1. Prepeg Layup Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
- 6.4. Infusion
- 6.4.1. Infusion Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
- 6.5. Filament Winding
- 6.5.1. Filament Winding Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
- 6.6. Wet Layup
- 6.6.1. Wet Layup Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
- 6.7. Others
- 6.7.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
Chapter 7. Sports Composites Market: Application Estimates & Trend Analysis
- 7.1. Segment Dashboard
- 7.2. Sports Composites Market: Application Movement Analysis, 2023 & 2030 (USD Million)
- 7.3. Skis & Snowboards
- 7.3.1. Skis & Snowboards Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
- 7.4. Bicycle Parts
- 7.4.1. Bicycle Parts Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
- 7.5. Rackets & Bats
- 7.5.1. Rackets & Bats Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
- 7.6. Golf Equipment
- 7.6.1. Golf Equipment Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
- 7.7. Hockey Sticks
- 7.7.1. Hockey Sticks Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
- 7.8. Others
- 7.8.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
Chapter 8. Sports Composites Market: Regional Estimates & Trend Analysis
- 8.1. Sports Composites Market Share, By Region, 2023 & 2030 (USD Million)
- 8.2. North America
- 8.2.1. North America Sports Composites Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
- 8.2.2. U.S.
- 8.2.2.1. U.S. Sports Composites Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
- 8.2.3. Canada
- 8.2.3.1. Canada Sports Composites Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
- 8.2.4. Mexico
- 8.2.4.1. Mexico Sports Composites Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
- 8.3. Europe
- 8.3.1. Europe Sports Composites Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.3.2. Germany
- 8.3.2.1. Germany Sports Composites Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
- 8.3.3. UK
- 8.3.3.1. UK Sports Composites Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
- 8.3.4. France
- 8.3.4.1. France Sports Composites Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
- 8.3.5. Italy
- 8.3.5.1. Italy Sports Composites Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
- 8.3.6. Spain
- 8.3.6.1. Spain Sports Composites Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
- 8.4. Asia Pacific
- 8.4.1. Asia Pacific Sports Composites Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
- 8.4.2. China
- 8.4.2.1. China Sports Composites Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
- 8.4.3. India
- 8.4.3.1. India Sports Composites Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
- 8.4.4. Japan
- 8.4.4.1. Japan Sports Composites Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
- 8.4.5. South Korea
- 8.4.5.1. South Korea Sports Composites Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
- 8.5. Central & South America
- 8.5.1. Central & South America Sports Composites Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
- 8.5.2. Brazil
- 8.5.2.1. Brazil Sports Composites Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
- 8.5.3. Argentina
- 8.5.3.1. Argentina Sports Composites Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
- 8.6. Middle East and Africa
- 8.6.1. Middle East and Africa Sports Composites Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
- 8.6.2. Saudi Arabia
- 8.6.2.1. Saudi Arabia Sports Composites Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
- 8.6.3. UAE
- 8.6.3.1. UAE Sports Composites Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
Chapter 9. Competitive Landscape
- 9.1. Recent Developments & Impact Analysis by Key Market Participants
- 9.2. Company Categorization
- 9.3. Company Heat Map Analysis
- 9.4. Company Profiles
- 9.4.1. Mitsubishi Chemical Group Corp.
- 9.4.1.1. Participant's Overview
- 9.4.1.2. Financial Performance
- 9.4.1.3. Product Benchmarking
- 9.4.1.4. Recent Developments/ Strategic Initiatives
- 9.4.2. TORAY INDUSTRIES, INC.
- 9.4.2.1. Participant's Overview
- 9.4.2.2. Financial Performance
- 9.4.2.3. Product Benchmarking
- 9.4.2.4. Recent Developments/ Strategic Initiatives
- 9.4.3. TEIJIN LIMITED.
- 9.4.3.1. Participant's Overview
- 9.4.3.2. Financial Performance
- 9.4.3.3. Product Benchmarking
- 9.4.3.4. Recent Developments/ Strategic Initiatives
- 9.4.4. SGL Carbon
- 9.4.4.1. Participant's Overview
- 9.4.4.2. Financial Performance
- 9.4.4.3. Product Benchmarking
- 9.4.4.4. Recent Developments/ Strategic Initiatives
- 9.4.5. Arvind Composite
- 9.4.5.1. Participant's Overview
- 9.4.5.2. Financial Performance
- 9.4.5.3. Product Benchmarking
- 9.4.5.4. Recent Developments/ Strategic Initiatives
- 9.4.6. Epsilon Composite
- 9.4.6.1. Participant's Overview
- 9.4.6.2. Financial Performance
- 9.4.6.3. Product Benchmarking
- 9.4.6.4. Recent Developments/ Strategic Initiatives
- 9.4.7. Advanced Composites, Inc.
- 9.4.7.1. Participant's Overview
- 9.4.7.2. Financial Performance
- 9.4.7.3. Product Benchmarking
- 9.4.7.4. Recent Developments/ Strategic Initiatives
- 9.4.8. Rockman Advanced Composites
- 9.4.8.1. Participant's Overview
- 9.4.8.2. Financial Performance
- 9.4.8.3. Product Benchmarking
- 9.4.8.4. Recent Developments/ Strategic Initiatives
- 9.4.9. New Era Materials
- 9.4.9.1. Participant's Overview
- 9.4.9.2. Financial Performance
- 9.4.9.3. Product Benchmarking
- 9.4.9.4. Recent Developments/ Strategic Initiatives
- 9.4.10. ACP COMPOSITES,INC.
- 9.4.10.1. Participant's Overview
- 9.4.10.2. Financial Performance
- 9.4.10.3. Product Benchmarking
- 9.4.10.4. Recent Developments/ Strategic Initiatives
- 9.4.11. ARRIS Composites, Inc.
- 9.4.11.1. Participant's Overview
- 9.4.11.2. Financial Performance
- 9.4.11.3. Product Benchmarking
- 9.4.11.4. Recent Developments/ Strategic Initiatives