Global Sports Composites Market Size By Type (Carbon Fiber, Glass Fiber), By Application (Golf Sticks, Hockey Sticks, Bicycles), By Region, And Segment Forecasts, By Geographic Scope And Forecast to 2033

Industry: Chemicals & Materials

RELEASE DATE Dec 2023
REPORT ID SI3336
PAGES 200
REPORT FORMAT PathSoft

Global Sports Composites Market Insights Forecasts to 2033

  • The Global Sports Composites Market Size was valued at USD 4.9 Billion in 2023
  • The Market Size is growing at a CAGR of 3.92% from 2023 to 2033
  • The Worldwide Sports Composites Market is expected to reach USD 7.2 Billion by 2033
  • Asia Pacific Market is expected to grow the fastest during the forecast period

 

Global Sports Composites Market

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The Global Sports Composites Market Size is expected to reach USD 7.2 Billion by 2033, at a CAGR of 3.92% during the forecast period 2023 to 2033.

 

In recent years, the sports composites market has been steadily growing. Composite materials provide a unique combination of strength, durability, and lightness, making them perfect for use in a variety of sports equipment applications. Composites are in high demand, from high-performance bicycles and tennis rackets to modern golf clubs. The growing awareness of the benefits of composites, such as improved performance and weight reduction, has fueled their use in sports. Furthermore, developments in composite manufacturing technology help to build unique and high-quality sporting equipment. As the importance of sustainability grows, eco-friendly composites made from renewable resources are gaining traction in the sports business.

 

Sports Composites Market Value Chain Analysis

This stage entails the creation of raw materials for composite manufacture, such as carbon fibres, fibreglass, resins, and other additives. The quality and properties of the final composite are heavily influenced by the raw material suppliers. These businesses take basic ingredients and turn them into composite materials. Combining the fibres with resins and other components results in sheets or specialised types of composites. When the composite materials are finished, they are used to make specific components for sporting equipment.  These are the businesses that put together the finished sporting equipment using composite components.  After that, the final sports equipment is supplied through a variety of channels, including wholesalers, retailers, and online platforms. Finally, there are the end users, who include athletes and sports fans.

 

Sports Composites Market Opportunity Analysis

Opportunities exist in the development of new composite materials that improve performance, durability, and possibly even sustainability. Nanotechnology and bio-based composites advancements could pave the way for new opportunities. Personalised sporting equipment is becoming increasingly popular. Companies who can provide customisable composite materials that are suited to an individual athlete's tastes and playing style stand to gain significantly. The use of technology into sports composites opens the door to smart equipment.  Working with well-known sports companies or sportsmen to develop signature composite items can increase market visibility and reputation. Endorsements and collaborations can increase consumer trust and loyalty. Intricate designs and customisation are possible because to the incorporation of 3D printing technology in composite manufacturing. This can result in more efficient manufacturing processes and distinctive product offers.

 

Global Sports Composites Market Report Coverage

Report CoverageDetails
Base Year:2023
Market Size in 2023:USD 4.9 Billion
Forecast Period:2023-2033
Forecast Period 2023-2033 CAGR:3.92%
2033 Value Projection:USD 7.2 Billion
Historical Data for:2019-2022
No. of Pages:200
Tables, Charts & Figures:110
Segments covered:By Type, By Application
Companies Covered: Aldila Inc., Head Inc., Top key Corporation, Amer Sports, Rossignol, Zoltek Carbon Fiber, Fischer Sports GmbH, Rockwood Composites Limited, Bell Helmets Inc., Protech Composites and Other Key Vendors
Growth Drivers:Increasing demand for lightweight materials for sports equipment
Pitfalls & Challenges:COVID-19 Empact,Challenges, Future, Growth, & Analysis

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Market Dynamics

Sports Composites Market Dynamics

Increasing demand for lightweight materials for sports equipment

Carbon fibre composites, for example, have a high strength-to-weight ratio because they are lightweight. This enables the development of sporting equipment that is not only durable but also performs well. Athletes can benefit from easier-to-handle and manoeuvre equipment. Moving or swinging lightweight sporting equipment needs less energy, contributing to better energy efficiency. This is especially essential in sports such as cycling, where lighter components such as frames and wheels can lead to increased speed and endurance. Athletes frequently use sporting equipment for extended periods of time. Lighter equipment can help reduce fatigue, allowing athletes to perform at their best for extended periods of time without feeling undue physical strain. Athletes and sports teams are always looking for a competitive advantage.

 

Restraints & Challenges

High-quality composite materials are not cheap. This financial barrier may make modern sports equipment inaccessible to a bigger user base. Finding ways to cut manufacturing costs while maintaining quality is an ongoing problem. Composite material manufacturing processes can be complex and require specialised skills. This intricacy might result in longer production times and higher prices. While composites are well-known for their strength, durability can be an issue, particularly in high-impact sports. Manufacturers continue to struggle with ensuring that sports equipment can survive the rigours of heavy use without sacrificing safety. It is critical to educate consumers on the benefits and qualities of sports composites. The market for sporting equipment is quite competitive. To keep ahead of the competition, manufacturers must constantly innovate.

 

Regional Forecasts

North America Market Statistics

North America

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North America is anticipated to dominate the Sports Composites Market from 2023 to 2033. North America's sports scene is broad, with major leagues such as the NFL, NBA, MLB, and NHL, as well as a strong market for individual sports such as golf, tennis, and cycling. This variety opens up a wide range of potential for sports composites in a variety of activities. The region is a technological innovation hotspot, which extends to the sports business. North American companies are pioneers in the development of cutting-edge composite materials and production processes for sports equipment. Sports equipment that performs well is in high demand among North American consumers. This need encourages the use of sophisticated materials in goods ranging from baseball bats to hockey sticks, such as carbon fibre composites.

 

Asia Pacific Market Statistics

Asia Pacific is witnessing the fastest market growth between 2023 to 2033. With increased involvement and interest in numerous sports, the Asia-Pacific area is witnessing a burgeoning sports culture. This cultural shift increases demand for high-performance sports equipment, particularly sophisticated composites. Asia-Pacific is a major location for sports equipment manufacture, especially composites. Manufacturing capabilities in the region, together with technical improvements, lead to the creation of a diverse range of sports composites. The Asia-Pacific region's staging of major sporting events such as the Olympics and Asian Games has a substantial impact on the sports composites market. These events provide opportunities for modern sporting equipment to be displayed and promoted.

 

Segmentation Analysis

Insights by Type

The carbon fiber segment accounted for the largest market share over the forecast period 2023 to 2033. Carbon fibre is well-known for its high strength-to-weight ratio. This feature is critical in sports equipment since it enables for the production of lightweight yet durable goods. Athletes benefit from equipment that is not only powerful but also simple to use and manoeuvre. Sports enthusiasts and professionals are looking for equipment that will help them perform better. Carbon fibre composites have superior stiffness and strength, which contributes to better responsiveness and performance in sports like cycling, tennis, golf, and others. Carbon fibre is extremely fatigue resistant and long-lasting. As a result, it is appropriate for sports equipment that is subjected to repetitive pressures and impacts, ensuring a longer lifespan and constant performance throughout time. Carbon fibre composites are increasingly being used in a variety of sports and applications.

 

Insights by Application

The bicycles segment accounted for the largest market share over the forecast period 2023 to 2033. To create a lightweight design without sacrificing strength, composite materials, particularly carbon fibre, are commonly employed in bicycle frames and components. Weight loss improves overall bike performance by making it easier to control, climb hills, and accelerate. Composite materials' aerodynamic qualities enable the development of streamlined and aerodynamic bicycle frames. Aerodynamic designs lower air resistance, increasing the efficiency of the bike, especially at higher speeds. This is especially crucial for professional cyclists and enthusiasts looking to enhance their speed. The increasing popularity of electric bikes (e-bikes) has increased demand for sophisticated materials in the bicycle market. Lightweight frames for electric bikes are made from composite materials, which contributes to the total expansion of the e-bike business.

 

Recent Market Developments

  • In January 2021, Amer Sports signed a deal with Peloton Interactive Inc. for the sale of Precor.

 

Competitive Landscape

Major players in the market

  • Aldila Inc.
  • Head Inc.
  • Top key Corporation
  • Amer Sports
  • Rossignol
  • Zoltek Carbon Fiber
  • Fischer Sports GmbH
  • Rockwood Composites Limited
  • Bell Helmets Inc.
  • Protech Composites

 

Market Segmentation

This study forecasts revenue at global, regional, and country levels from 2023 to 2033.

 

Sports Composites Market, Type Analysis

  • Carbon Fiber
  • Glass Fiber

 

Sports Composites Market, Application Analysis

  • Golf Sticks
  • Hockey Sticks
  • Bicycles

 

Sports Composites Market, Regional Analysis

  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • South America
  • Brazil
  • Argentina
  • Colombia
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • South Africa

 

Frequently Asked Questions (FAQ)

  • 1. What is the market size of the Sports Composites Market?
    The Global Sports Composites Market is expected to grow from USD 4.9 Billion in 2023 to USD 7.2 Billion by 2033, at a CAGR of 3.92% during the forecast period 2023-2033.
  • 2. Who are the key market players of the Sports Composites Market?
    Some of the key market players of market are Aldila Inc., Head Inc., Top key Corporation, Amer Sports, Rossignol, Zoltek Carbon Fiber, Fischer Sports GmbH, Rockwood Composites Limited, Bell Helmets Inc., Protech Composites.
  • 3. Which segment holds the largest market share?
    The carbon fiber segment holds the largest market share and is going to continue its dominance.
  • 4. Which region is dominating the Sports Composites Market?
    North America is dominating the Sports Composites Market with the highest market share.

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