Global Sports Composites Market Size By Material Type, By Product Type, By Application,, By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Global Sports Composites Market Size By Material Type, By Product Type, By Application,, By Geographic Scope And Forecast
Sports Composites Market Size And Forecast
Sports Composites Market size was valued at USD 3.78 Billion in 2024 and is projected to reach USD 7.2 Billion by 2031, growing at a CAGR of 4.9% during the forecast period 2024-2031.
Global Sports Composites Market Drivers
The market drivers for the Sports Composites Market can be influenced by various factors. These may include
Requirements Sports equipment, such bicycles, golf clubs, and tennis rackets, must be made of materials that are sturdy and lightweight. Composites are becoming more and more popular in the sports business because they provide a distinct edge in fulfilling these demands.
Enhancement of Performance Composites can be designed to offer particular qualities, such increased durability, impact resistance, and stiffness. One of the main reasons materials are used in sports equipment is the ability to modify their properties to match performance requirements.
Customisation & Design freedom Composites provide a great deal of form, shape, and aesthetic freedom to manufacturers and designers. This facilitates the development of novel and personalised goods that appeal to sports lovers and sportsmen, propelling market expansion.
Increasing Sports Participation and Professionalism The demand for high-performance sports equipment is driven by the global interest in sports and fitness activities as well as the growth of professional sports leagues and competitions. In order to achieve the performance requirements demanded by athletes at all levels, composites are essential.
Technological Developments The creation of state-of-the-art sporting goods is facilitated by continuous improvements in composite materials, production methods, and design procedures. Through the provision of superior products with improved performance features, this ongoing innovation propels market expansion.
Environmental Sustainability As people’s knowledge of environmental issues grows, sustainable materials are being used in a variety of industries, including sports. Because they can be made with ecologically friendly materials and procedures, composites are a popular option for businesses and customers who care about the environment.
Market Penetration in Emerging Economies As a result of the sports industry’s explosive expansion in these nations, there is a greater need for sporting goods. Because of their adaptable qualities and superior performance, composites are in a good position to gain market share in these areas.
Regulatory Standards and Safety The use of premium materials like composites is influenced by strict rules and specifications pertaining to the performance and safety of sporting equipment. In order to maintain regulatory compliance, manufacturers make investments in sophisticated materials, which accelerates market growth.
Global Sports Composites Market Restraints
Several factors can act as restraints or challenges for the Sports Composites Market. These may include
High Cost of Composites Compared to more conventional materials like metals or plastics, the usage of composite materials in sports equipment frequently results in higher manufacturing costs. Particularly in the sports industry’s price-sensitive segments, this cost element may limit market expansion.
Limited Manufacturing Experience Specialised manufacturing techniques and knowledge are needed to produce advanced composite materials. Scaling production to meet market demand can be difficult in the case of specialised equipment and limited skilled labour, especially for niche or custom composite items.
Regulatory Compliance Strict safety, performance, and environmental impact regulations must be followed by composites used in sporting equipment. Adhering to these standards complicates and increases the manufacturing process, which may impede the expansion of the market.
Sports composites have several benefits, such as being lightweight and highly strong, but there may be questions about how well they will hold up over time and function in harsh environments. While research and development is necessary to address these issues, time and resources may be limited.
Competition from Alternative Materials The sports equipment sector is still heavily reliant on traditional materials like wood, metal, and less expensive plastics. The competition from these materials, particularly in the more affordable segments, may prevent sports composites from being widely used.
Supply Chain Disruptions Variations in the cost of raw materials, problems with transportation, or changes in geopolitical conditions can all cause supply chain disruptions in the sports composites sector. These hiccups may affect pricing, production schedules, and the stability of the market as a whole.
Customer Perception and Education It’s critical to inform customers about the advantages and characteristics of sports composites over more conventional materials. It can be difficult to overcome any doubt or ignorance regarding composites in sporting goods, and this could impede market expansion in some areas or product categories.
Global Sports Composites Market Segmentation Analysis
The Global Sports Composites Market is Segmented on the basis of Material Type, Product Type, Application, and Geography.
Sports Composites Market, By Material Type
Carbon Fiber CompositesKnown for their high strength-to-weight ratio, carbon fiber composites are popular in sports equipment like tennis rackets, golf clubs, and bicycle frames.
Glass Fiber CompositesThese composites offer good impact resistance and are commonly used in sports equipment such as helmets, protective gear, and boat components.
Aramid Fiber CompositesAramid fibers provide excellent strength and are used in high-performance sports applications like body armor, racing helmets, and aerospace components.
Sports Composites Market, By Product Type
Rackets and Bat SegmentsIncludes tennis rackets, badminton rackets, baseball bats, and cricket bats made from various composite materials.
Protective Gear SegmentCovers helmets, body armor, shin guards, and knee pads used in sports like cycling, football, hockey, and motor racing.
Bicycles and ComponentsComposites are extensively used in bicycle frames, wheels, and components for enhanced performance and durability.
Water Sports EquipmentThis segment includes kayaks, paddleboards, surfboards, and boat components made from composite materials.
Sports Composites Market, By Application
Professional SportsProducts designed for professional athletes and teams seeking high-performance equipment.
Recreational SportsGoods catering to recreational sports enthusiasts and hobbyists looking for durable and reliable gear.
Fitness and TrainingComposites used in fitness equipment like exercise machines, weightlifting gear, and yoga props.
Adventure and Extreme SportsEquipment used in activities such as mountain biking, rock climbing, snowboarding, and water sports.
Sports Composites Market, By Geography
North AmericaMarket conditions and demand in the United States, Canada, and Mexico.
EuropeAnalysis of the Sports Composites Market in European countries.
Asia-PacificFocusing on countries like China, India, Japan, South Korea, and others.
Middle East and AfricaExamining market dynamics in the Middle East and African regions.
Latin AmericaCovering market trends and developments in countries across Latin America.
Key Players
The major players in the Sports Composites 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
Entropy Resins Inc.
Saint-Gobain Vetrotex
Völkl Int. GmbH
Oxeon AB
United States Ski Pole Company
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2021-2031
BASE YEAR
2024
FORECAST PERIOD
2024-2031
HISTORICAL PERIOD
2021-2023
UNIT
Value (USD Billion)
KEY COMPANIES PROFILED
Aldila Inc., Head Inc., Top key Corporation, Amer Sports, Rossignol, Zoltek Carbon Fiber, Fischer Sports GmbH, Rockwood Composites Limited, Bell Helmets Inc., Protech Composites.
SEGMENTS COVERED
By Material Type, By Product Type, By Application, and By Geography.
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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
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