SPORTS COMPOSITES MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Sports Composites Market, By Resin Type (Epoxy, Polyamide, Polyurethane, Others), By Fiber Type (Glass, Carbon, Other Fiber Type), By Application (Golf Shafts, Hockey Sticks, Rackets, Bicycles, Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Mar 2024
Code : CMI6828
Pages :140
Formats :
Excel and PDF
Industry : Advanced Materials

Market Challenges: Pricing Pressures from Cheaper Substitute

One of the major challenges this market faces is pricing pressures from cheaper substitute materials like aluminum and steel. Sports composites are generally more expensive to produce than traditional materials. Another challenge is increasing environmental regulations around the world regarding the disposal of composites at end-of-life due to complex laminate construction. Maintaining equipment and molds to work with composites also requires more investment compared to other materials. Developing innovations to enhance performance characteristics while reducing costs is also challenging for manufacturers in this market.

Market Opportunities: Rising Disposable Income

The market sees strong opportunity in developing economies as participation in sports increases along with incomes in those regions. The demand for high-performance, durable, and lightweight equipment and goods continues to drive innovation. Growth in niche and extreme sports creates new avenues for composite material usage.