Sports Composites Market worth $8.67 billion by 2030, growing at a CAGR of 10.38% - Exclusive Report by 360iResearch

The "Sports Composites Market by Material Type (Carbon, Glass), Resin Type (Epoxy, Polyamide, Polyurethane), Application - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Sports Composites Market to grow from USD 4.34 billion in 2023 to USD 8.67 billion by 2030, at a CAGR of 10.38%.

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The sports composites market encompasses various composite materials for manufacturing sporting goods and equipment. These composites are engineered to enhance strength, durability, flexibility, and weight reduction, thereby improving the performance and lifespan of sports gear. Materials commonly used include carbon fiber, glass fiber, and aramid fiber, among others, finding application across various sports domains such as golf, tennis, cycling, and water sports. The market growth is primarily driven by the increasing demand for durable and lightweight sports equipment. Advancements in material science and composite manufacturing technologies have broadened the application range of these materials. The market's growth is hindered by several factors, including the high cost of advanced composite materials, limiting their adoption in budget-conscious segments. Additionally, complex manufacturing processes and the need for specialized equipment and skills. Emerging markets and expanding sports infrastructure globally present significant growth opportunities for sports composites, majorly due to the development of new composite materials offering higher performance and sustainability. Customization and personalization of sports equipment using advanced manufacturing techniques such as 3D printing is also creating new opputnity for merging profiles in the market.

The sports composites market in the Americas is characterized by high innovation and the presence of several leading sports equipment manufacturers. The region strongly prefers carbon fiber composites due to their superior strength-to-weight ratio, enhancing performance in sports such as cycling, golf, and hockey. North America, in particular, exhibits robust growth in the adoption of composites in sports, driven by technological advancements and increased investments in R&D. The U.S. holds a significant share of the market, with major players focusing on developing sustainable and high-performance materials. The sports composites market in EMEA is diverse, with Europe leading in demand and innovation. The region benefits from the presence of some of the world's leading carbon fiber producers and sports equipment manufacturers. The emphasis is on lightweight and strength, where applications in football, tennis, and winter sports are particularly notable. The market is emerging in the Middle East and Africa, with growth driven by increasing sports participation and investment in sports infrastructure. Sustainability and eco-friendliness are becoming key factors in developing European sports composites in line with stringent environmental regulations. The APAC region is witnessing rapid growth in the sports composites market, driven by increasing disposable incomes, growing sports culture, and government initiatives to promote sports. China and India are significant markets, contributing to regional growth with their vast populations and increasing interest in sports. Japan, known for its technological advancements, is crucial in innovating sports composites with golf, baseball, and badminton applications. The demand for sports composites in APAC is expected to continue its growth trajectory, driven by the expanding sports industry and advancements in composite materials.

Market Segmentation & Coverage:

This research report categorizes the Sports Composites Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Material Type, market is studied across Carbon and Glass. The Carbon commanded largest market share of 67.40% in 2023, followed by Glass.

Based on Resin Type, market is studied across Epoxy, Polyamide, and Polyurethane. The Epoxy commanded largest market share of 34.12% in 2023, followed by Polyurethane.

Based on Application, market is studied across Bicycles, Golf Sticks, Hockey Sticks, Rackets, and Skis & Snowboards. The Bicycles commanded largest market share of 11.23% in 2023, followed by Skis & Snowboards.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 37.82% in 2023, followed by Asia-Pacific.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Sports Composites Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Sports Composites Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Sports Composites Market, highlighting leading vendors and their innovative profiles. These include Amer Sports Corporation, Arkema S.A., Callaway Golf Company, COBRA INTERNATIONAL Co., Ltd., Connova Deutschland GmbH, DuPont de Nemours, Inc., Exel Composites PLC, Fischer Sports GmbH, Fujikura Composites Inc., Hexcel Corporation, Lanxess AG, Mitsubishi Chemical Group Corporation, Owens Corning, Rockwood Composites Limited, Saint-Gobain Group, SGL Carbon SE, Silverstone Composites Ltd., Solvay S.A., Sportsmatik.com, Teijin Limited, Topkey Corporation, Toray Industries, Inc., TPT Golf Inc., True Temper Sports, United States Ski Pole Company, Völkl Int. GmbH, and Zhongfu Shenying Carbon Fiber Co., Ltd..

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Sports Composites Market, by Material Type
7. Sports Composites Market, by Resin Type
8. Sports Composites Market, by Application
9. Americas Sports Composites Market
10. Asia-Pacific Sports Composites Market
11. Europe, Middle East & Africa Sports Composites Market
12. Competitive Landscape
13. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Sports Composites Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Sports Composites Market?
3. What is the competitive strategic window for opportunities in the Sports Composites Market?
4. What are the technology trends and regulatory frameworks in the Sports Composites Market?
5. What is the market share of the leading vendors in the Sports Composites Market?
6. What modes and strategic moves are considered suitable for entering the Sports Composites Market?

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