Sports Composites Market is projected to hit USD 5.6 billion in 2029, increasing at 4.7% CAGR during 2022-2029 | Size, Share & Forecast

Sports Composites Market

Sports Composites Market was valued at USD 3.9 billion in 2021, and estimated to reach USD 5.6 billion in 2029, growing at a CAGR of 4.7% from 2022-2029.

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The factors driving the growth of Sports Composites Market includes rising consumers inclination towards adopting healthy lifestyles, increasing demand for ski gear and snowboards around the world, rapid growth in the production of bicycles and improvements in the living standards. According to the report published by Statista, the Global Ski Gear and Equipment Market was estimated around USD 1.31 billion in 2020 and is expected to reach USD 1.67 billion by the end of 2027, which will accelerate the Sports Composites Market share in the approaching years. Moreover, increasing application of sports composites in wheel-tire systems, fitness equipment and softballs, rise in the launch of innovative sports equipment, expansion of the manufacturing industries and growing popularity of hockey and tennis across France and Germany, are some of the additional factors supplement in the Sports Composites Market size. In addition, the increasing investments by leading players on research and development, rising disposable incomes and growing population growth rates, are further contributing towards the market growth.

However, growth of the Sports Composites Market is hindered due to increasing cost of costs of raw and auxiliary materials.

The leading players operating in the market are Jarden Corporation, Fischer Sports GmbH, Topkey Corporation, Toray Industries Inc., Teijin Limited, Hexion Inc. SGL Group, Rossingol, E. I. du Pont de Nemours and Company, and Aldila Inc., among others.

Based on Resin, the Epoxy segment is predicted to grow at a significant CAGER during the forecast period

Increasing application of epoxy resins in the manufacturing of rackets and snowboards along with it excellent electrical and high resistance properties, are some of the factors responsible for the segment's growth.

Based on Fiber Type, the Carbon Fiber segment is projected to expand at a robust CAGR over the forecast period

As per the Sports Composites Market Report, increasing use of carbon fiber for manufacturing bicycle frames, rackets, and hockey sticks, is propelling segment's growth.

Based on Region, the North American region is anticipated to capture the largest market share during the forecast period

According to the Sports Composites Market Forecast, growing popularity of outdoor sprots, Government initiatives promoting sporting activities in schools and colleges, rising population growth rates and high per capita incomes, are some of the important factors augmenting he market growth in North American region.

Key Developments

In 2019, Teijin Limited acquired Benet Automotive s.r.o. to expand European Automotive Business.
In 2018, Toray Industries Inc. launched TORAYCA® MX Series carbon fibers with high tensile modulus and high compressive strength to introduce prepreg to a variety of applications.

Market Segmentation

Segmentation by Resin

Epoxy
Polyurethane
Polyamide
Polypropylene
Others

Segmentation by Application

Golf Clubs
Hockey Sticks
Rackets
Bicycle
Skis & Snowboards
Others

Segmentation by Fiber Type

Carbon Fiber
Glass Fiber
Others

Segmentation by Region

Asia Pacific
China
Japan
India
Rest of APAC

North America
United States of America
Canada

Europe
United Kingdom
Germany
France
Spain
Rest of Europe

RoW
Brazil
South Africa
Saudi Arabia
UAE

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