Sports Composites Market Size (2024 - 2029)

The sports composites market is projected to experience growth over the forecast period, driven by the increasing demand for lightweight and high-performance sports equipment, as well as the expanding golf industry. Despite challenges such as high manufacturing costs of carbon fibers, the market is expected to recover from past disruptions caused by the COVID-19 pandemic. The introduction of new energy composites in sports equipment presents potential growth opportunities. The Asia-Pacific region is anticipated to lead the market in terms of market size during the forecast period.

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Market Size of Sports Composites Industry

Sports Composites Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR (2024 - 2029) 4.11 %
Fastest Growing Market Asia Pacific
Largest Market Asia-Pacific
Market Concentration Low

Major Players

Sports Composites Market Major Players

*Disclaimer: Major Players sorted in no particular order

Sports Composites Market Analysis

The Sports Composites Market size is estimated at 1.01 Million tons in 2024, and is expected to reach 1.24 Million tons by 2029, growing at a CAGR of 4.11% during the forecast period (2024-2029).

Due to the COVID-19 outbreak, nationwide lockdowns around the globe, disruption in manufacturing activities and supply chains, and production halts impacted the market in 2020. However, the conditions started recovering in 2021, restoring the market's growth trajectory during the forecast period.

  • The major factor driving the market studied is the increasing demand for lightweight and high-performance sports equipment and the growing golf industry during the forecast period.
  • On the flip side, unfavorable conditions arising due to the high manufacturing cost of carbon fibers hinder the market's growth.
  • The growing application of new energy composites in sports equipment will likely provide new growth opportunities for the market.
  • Asia-Pacific region is expected to dominate the global sports composites market during the forecast period.

Sports Composites Industry Segmentation

Composites are found in products used in 7 of the ten most popular outdoor sports and recreational activities. Glass- and carbon-reinforced composites (alone or in hybrids with other fibers) continue to replace wood and metal in fishing rods, tennis racquets, spars/shafts for kayak paddles, windsurfing masts and boards, hockey sticks, and bicycle handlebars, as well as in niche applications, such as fairings for recumbent bikes. Composites are preferred in sports due to their lightweight, dimensional stability, and corrosion resistivity features. The market is segmented by type, resin type, applications, and geography. By type, the market is segmented into glass-fiber reinforced, carbon-fibre reinforced, and other types. By resin type, the market is segmented into epoxy, polyurethane, and other resin types. By applications, the market is segmented into golf shafts, hockey sticks, rackets, bicycles, skis and snowboards, and other applications. The report also covers the market size and forecast for the bioplastics market in 15 countries across major regions. For each segment, the market sizing and forecast have been done based on volume (kiloton).

Type
Glass-Fibre Reinforced
Carbon-Fibre Reinforced
Other Types
Resin Type
Epoxy
Polyurethane
Other Resin Types
Applications
Golf Shafts
Hockey Sticks
Rackets
Bicycles
Skis and Snowboards
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
Saudi Arabia
South Africa
Rest of Middle East and Africa
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Sports Composites Market Size Summary

The sports composites market is poised for steady growth, driven by the increasing demand for lightweight and high-performance sports equipment. The market is recovering from the disruptions caused by the COVID-19 pandemic, which had led to manufacturing halts and supply chain issues. The growing golf industry and the application of new energy composites in sports equipment are significant factors contributing to this growth. However, the high manufacturing costs of carbon fibers present challenges to market expansion. The Asia-Pacific region is expected to lead the market, supported by the burgeoning sports industry, media sponsorships, and heightened social awareness, particularly in countries like China and India.

In the realm of sports equipment, the use of carbon fibers has become prevalent, especially in the construction of skis and snowboards, enhancing their technical characteristics. This trend is influenced by both fashion and marketing strategies, with carbon fibers offering advantages in terms of mass and width. The development of new technologies, such as anisotropic layer designs in snowboards, highlights the technical, economic, and environmental evaluations of using different fiber-reinforced composites. The market's fragmented nature sees major players like Toray Industries Inc., SGL Carbon, and Mitsubishi Chemical Carbon Fiber and Composites Inc. actively participating. Recent strategic moves, such as Celanese Corporation's acquisition of DuPont's Mobility & Materials business, aim to expand product portfolios and global reach, further shaping the market landscape.

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Sports Composites Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Demand for Lightweight and High-Performance Sports Equipment

      2. 1.1.2 Growing Golf Industry

    2. 1.2 Restraints

      1. 1.2.1 High Manufacturing Cost of Carbon Fibers

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Glass-Fibre Reinforced

      2. 2.1.2 Carbon-Fibre Reinforced

      3. 2.1.3 Other Types

    2. 2.2 Resin Type

      1. 2.2.1 Epoxy

      2. 2.2.2 Polyurethane

      3. 2.2.3 Other Resin Types

    3. 2.3 Applications

      1. 2.3.1 Golf Shafts

      2. 2.3.2 Hockey Sticks

      3. 2.3.3 Rackets

      4. 2.3.4 Bicycles

      5. 2.3.5 Skis and Snowboards

      6. 2.3.6 Other Applications

    4. 2.4 Geography

      1. 2.4.1 Asia-Pacific

        1. 2.4.1.1 China

        2. 2.4.1.2 India

        3. 2.4.1.3 Japan

        4. 2.4.1.4 South Korea

        5. 2.4.1.5 Rest of Asia-Pacific

      2. 2.4.2 North America

        1. 2.4.2.1 United States

        2. 2.4.2.2 Canada

        3. 2.4.2.3 Mexico

      3. 2.4.3 Europe

        1. 2.4.3.1 Germany

        2. 2.4.3.2 United Kingdom

        3. 2.4.3.3 Italy

        4. 2.4.3.4 France

        5. 2.4.3.5 Rest of Europe

      4. 2.4.4 South America

        1. 2.4.4.1 Brazil

        2. 2.4.4.2 Argentina

        3. 2.4.4.3 Rest of South America

      5. 2.4.5 Middle East and Africa

        1. 2.4.5.1 Saudi Arabia

        2. 2.4.5.2 South Africa

        3. 2.4.5.3 Rest of Middle East and Africa

Sports Composites Market Size FAQs

The Sports Composites Market size is expected to reach 1.01 million tons in 2024 and grow at a CAGR of 4.11% to reach 1.24 million tons by 2029.

In 2024, the Sports Composites Market size is expected to reach 1.01 million tons.

Sports Composites Market Report Snapshots

Sports Composites Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)