Composites in Sporting Goods Market: Trends, Opportunities and Competitive Analysis [2024-2030]

Composites in Sporting Goods Market Trends and Forecast

The future of composites in the global sporting goods market looks promising with opportunities in skis & snow boards, bicycle parts, rackets, golf shafts & clubs, hockey sticks, and fishing rods applications. The composites in the global sporting goods market is expected to reach an estimated$1.52 billion by 2030 with a CAGR of 10% from 2023 to 2030. The major drivers for this market are increasing use of lightweight and high-performance materials in sports equipment.

• The publisher forecasts that golf shafts & clubs will remain the largest application segment over the forecast period composite shafts are more lightweight, allowing designers to increase the weight of the head of the club while keeping the total weight of the club low.
• Carbon fiber will remain the largest segment and it is expected to witness the highest growth over the forecast period due to its increasing uses in various applications of sporting goods industry and several performance benefits, including lightweight and stiffness.
• Asia Pacific is expected to remain the largest region and witness the highest growth over the forecast period because APAC became the home for leading composite component manufactures for sporting goods industry

Asia Pacific is expected to remain the largest market in the Composites in sporting Goods Market

1. United States: Companies like Nike, Callaway Golf, and TaylorMade Golf are leading initiatives in using composites for sporting goods. The US government's focus on promoting innovation in materials and technologies for sports equipment drives research and development in composite materials.

2. China: Chinese companies such as Li-Ning, Anta Sports, and Yonex dominate the market. China's government support for the sports industry and investment in high-performance sporting goods manufacturing accelerates the use of composites in equipment production.

3. Germany: Companies like Adidas, Puma, and Bauer Hockey are prominent players. Germany's government initiatives to promote sports and recreation drive innovation in composite materials for sporting goods, enhancing performance and durability.

4. Japan: Japanese companies like Mizuno, Asics, and Yonex are significant in the market. Japan's government focus on sports promotion and technology development encourages the use of composites in manufacturing high-quality sporting goods.

5. France: Companies like Decathlon, Rossignol, and Babolat operate in the French market. France's government support for sports innovation and investment in research and development foster the use of composites in sporting equipment.

Emerging Trends in the Composites in Sporting Goods Market

Emerging trend, which has a direct impact on the dynamics of the industry, includes introduction of hybrid materials for superior performance, and recycling in composites is gaining momentum.

A total of 110 figures / charts and 88 tables are provided in this 183-page report to help in your business decisions.

Composites in Sporting Goods Market by Segment

The study includes a forecast for the composites in the global sporting goods market by application, reinforcement, resin, process, and region as follows:

Composites in Sporting Goods Market by Application [Value ($M) and Volume (M lbs) Shipment Analysis for 2018 - 2030]:

• Skis and Snow Boards
• Bicycle Parts
• Rackets
• Golf Shafts and Clubs
• Hockey Sticks
• Fishing Rods
• Others

Composites in Sporting Goods Market by Reinforcement Type [Value ($M) and Volume (M lbs) Shipment Analysis for 2018 - 2030]:

• Glass Fiber
• Carbon Fiber
• Others

Composites in Sporting Goods Market by Resin [Value ($M) and Volume (M lbs) Shipment Analysis for 2018 - 2030]:

• Epoxy
• Polyamide
• Others

Composites in Sporting Goods Market by Process [Value ($M) and Volume (M lbs) Shipment Analysis for 2018 - 2030]:

• Prepreg Layup
• Infusion
• Filament Winding
• Wet Layup
• Others

Composites in Sporting Goods Market by Region [Value ($M) and Volume (M lbs) Shipment Analysis for 2018 - 2030]:

• North America
• US
• Europe
• Germany
• France
• Asia Pacific
• China
• Japan
• Taiwan
• The Rest of the World
• Brazil
• South Africa

List of Composites Companies in Sporting Goods Market

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies composites in sporting goods industry companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the composites in sporting goods industry companies profiled in this report includes.

• Mitsubishi Rayon Corporation Limited
• Toray Industries Inc,
• Teijin Limited
• Hexcel Corporation
• SGL Carbon
• Solvay

Recent Developments in the Composites in Sporting Goods Market

• Innovative Composite Materials Enhancing Sporting Goods Performance: Sporting goods manufacturers are increasingly utilizing advanced composite materials to enhance the performance and durability of their products. Carbon fiber-reinforced composites, in particular, are being integrated into various sporting equipment such as tennis rackets, golf clubs, and bicycles to improve strength-to-weight ratios, increase stiffness, and optimize energy transfer. Recent developments in composite manufacturing techniques, including automated layup processes and resin infusion methods, have enabled the production of lighter, stronger, and more aerodynamic sporting goods.
• Surge in Demand for Lightweight and High-Performance Bicycles: The global cycling industry is witnessing a surge in demand for lightweight and high-performance bicycles equipped with carbon fiber composite frames and components. Manufacturers are leveraging advanced composite materials and manufacturing technologies to develop bicycles that offer superior strength, stiffness, and shock absorption properties, enhancing the riding experience for cyclists of all skill levels. With the growing popularity of cycling as a recreational activity and mode of transportation, the demand for composite-based bicycles is expected to continue rising in the coming years.
• Adoption of Composite Snowboards and Skis for Enhanced Performance: The snow sports industry is embracing the use of composite materials in the design and manufacturing of snowboards and skis to achieve higher performance and durability. Carbon fiber-reinforced composites are being incorporated into snowboard cores, edges, and laminates to enhance torsional stiffness, improve edge hold, and reduce weight, resulting in better control and responsiveness on the slopes. Similarly, composite skis are gaining popularity among professional athletes and recreational skiers for their ability to deliver superior performance in various snow conditions.
• Emergence of Sustainable Composite Materials in Sporting Goods: Sustainability is becoming a key focus area for sporting goods manufacturers, driving the adoption of eco-friendly composite materials derived from renewable sources such as bio-based resins and natural fibers. Companies are investing in research and development efforts to develop sustainable alternatives to traditional petroleum-based composites, aiming to reduce the environmental footprint of sporting equipment production and meet consumer demand for eco-conscious products. The integration of sustainable composite materials into sporting goods offers the potential to minimize carbon emissions, conserve natural resources, and promote circular economy principles.
• Customization and Personalization Trends Shaping Composite Sporting Goods: The demand for customized and personalized sporting equipment is driving innovation in composite materials and manufacturing processes. Sporting goods manufacturers are leveraging advanced digital design tools, additive manufacturing techniques, and modular construction methods to offer customizable options for athletes and consumers. From personalized carbon fiber tennis rackets to custom-molded composite ski boots, the trend towards bespoke sporting goods is reshaping the industry and creating new opportunities for product differentiation and market growth.

Features of Composites in Sporting Goods Market

• Market Size Estimates: Composites in sporting goods market size estimation in terms of value ($M) and volume (M lbs)
• Trend and Forecast Analysis: Market trends (2018-2023) and forecast (2024-2030) by various segments and regions.
• Segmentation Analysis: Market size by application, reinforcement, resin, process, and region
• Regional Analysis: Composites in sporting goods market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
• Growth Opportunities: Analysis of growth opportunities in different application, reinforcement, resin, process, and region for the composites in sporting goods market.
• Strategic Analysis: This includes M&A, new product development, and competitive landscape for the composites in sporting goods market.
• Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the composite in sporting goods market size?
Answer:The composites in the global sporting goods market is expected to reach an estimated$1.52 billion by 2030.

Q2. What is the growth forecast for composites in sporting goods market?
Answer:The composites in sporting goods market is expected to grow at a CAGR of 10% from 2023 to 2030.

Q3. What are the major drivers influencing the growth of the composites in sporting goods market?
Answer: The major drivers for this market are increasing use of lightweight and high-performance materials in sports equipment.

Q4. What are the major applications or end use industries for composites in sporting goods market?
Answer:Golf shafts & clubs and skis & snow boards are the major applications for composites in sporting goods.

Q5. What are the emerging trends in composites in sporting goods market?
Answer:Emerging trend, which has a direct impact on the dynamics of the industry, includes introduction of hybrid materials for superior performance, and recycling in composites is gaining momentum.

Q6. Who are the key composites in sporting goods industry companies?
Answer:Some of the key composites in sporting goods industry companies are as follows:

• Mitsubishi Rayon Corporation Limited
• Toray Industries Inc,
• Teijin Limited
• Hexcel Corporation
• SGL Carbon
• Solvay

Q7.Which composites in sporting goods industry material segment will be the largest in future?
Answer: The publisherforecasts that carbon fiber will remain the largest segment and it is expected to witness highest growth over the forecast period due to its increasing uses in various end use industries.

Q8: In composites in sporting goods market, which region is expected to be the largest in next 5 years?
Answer:APAC is expected to remain the largest region and witness the highest growth over next 5 years
Q9. Do we receive customization in this report?
Answer:Yes, The publisher provides 10% Customization Without any Additional Cost.

This report answers the following 11 key questions

Q.1 What are some of the most promising potential, high-growth opportunities for the composites in the global sporting goods market by application (skis and snow boards, bicycle parts, rackets, golf shafts and clubs, hockey sticks, fishing rods, and others), reinforcement type (carbon fiber, glass fiber, and other), resin (epoxy, polyamide, and other), process (prepreg layup, infusion, filament winding, wet layup, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?


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