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

The global sports composites market is estimated to be valued at USD 4.73 Bn in 2024 and, growing at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031. The global sports composites market has been witnessing significant growth in the recent years. Sports composites refer to advanced composite materials that are increasingly being used in various sporting goods owing to their high strength-to-weight ratio and durability. The burgeoning sports industry along with rising health-consciousness among the population has propelled the demand for high-performance sporting equipment. Additionally, ongoing technological advancements in material science have enabled manufacturers to develop innovative composite materials with enhanced properties. The growing popularity of different sports such as golf, tennis, cycling, etc. and increasing participation in international sporting events is a key factor driving the sales of lightweight and durable equipment made from composites.

Market Dynamics:

The key drivers favoring the growth of the global sports composites market include rapid urbanization, increasing discretionary spending on leisure activities and sports, and rising focus on eco-friendly materials. Additionally, continuous R&D activities for the development of cost-effective production technologies and bio-based resins are further expanding the application scope of composites. However, high manufacturing and procurement costs of advanced composite materials continues to restrain the market to some extent. On the positive side, the growing adoption of additive manufacturing for the production of more customized sporting goods offers lucrative opportunities for market players.

Key Features of the Study:

• This report provides an in-depth analysis of the global sports composites market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2024 as the base year.
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global sports composites market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include Toray Industries Inc., SGL Carbon, Fischer Sports Gmbh, TOPKEY CORPORATION, DUPONT DE NEMOURS, INC, Hexion, Inc, Toray Industries, Inc, SGL CARBON SE, Callaway Golf Company, Rockwest Composites, Arvind Composites, REIN4CED, Protech Composites, Protension Composites, Arevo, Inc, and Entropy Resins.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• The global sports composites market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global sports composites market.

Market Segmentation

• Resin Type:
  • Acrylic
  • Epoxy
  • Polyamide
  • Polyurethane
  • Others (Polypropylene, etc.)
• Fiber Type:
  • Glass
  • Carbon
  • Other Fiber Type
• Application:
  • Golf Shafts
  • Hockey Sticks
  • Rackets
  • Bicycles
  • Others (Skis and Snowboards, etc.)
• Regional:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
  • Toray Industries Inc.
  • SGL Carbon
  • Fischer Sports Gmbh
  • TOPKEY CORPORATION
  • DUPONT DE NEMOURS, INC
  • Hexion, Inc
  • Toray Industries, Inc
  • SGL CARBON SE
  • Callaway Golf Company
  • Rockwest Composites
  • Arvind Composites
  • REIN4CED
  • Protech Composites
  • Protension Composites
  • Arevo, Inc
  • Entropy Resins