Press release
Leading Element Driving Change in the Sports Composites Market in 2025: Rising Popularity of Cycling Fuels Growth in the Sports Composites Market Driver
Sports Composites Market
The sports composites market is predicted to grow due to the increasing popularity of cycling. This surge in popularity is due to the numerous health benefits cycling provides, its eco-friendliness, and its escalating recognition as a viable form of sustainable transport. Furthermore, the increasing interest in fitness and leisure activities adds to its appeal. Sports composites significantly enhance the cycling experience by making bikes lighter, stronger, more durable, and more aerodynamically efficient, thus enabling cyclists to attain greater speeds with improved effectiveness and comfort. For example, data from GOV.UK, a UK-based government services and information source, in August 2024 revealed that people in England cycled a total of 0.9 billion stages in 2023, with an average of 15 trips and 16 stages made by each individual, covering a distance of 47 miles. Therefore, the growing popularity of cycling is a significant factor propelling the expansion of the sports composites market.
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How will the growth rate of the sports composites market shape industry trends by 2034?
In the past few years, there has been a robust growth in the sports composites market size. The market is projected to expand from $3.79 billion in 2024 to $4.07 billion in 2025, indicating a compound annual growth rate (CAGR) of 7.6%. Factors such as weight reduction, a high strength-to-weight ratio and a rise in sports participation contributed to the growth during the historic period.
The size of the sports composites market is anticipated to experience substantial growth in the following years. It is projected to reach a market value of $5.64 billion in 2029, at a compound annual growth rate (CAGR) of 8.5%. The projected growth in this period may be credited to the escalating demand for carbon fiber composites, emphasis on sustainability, burgeoning sports trends, and an upswing in sports investment. The forecast period also sees trends like advancements in materials, customization, along with innovative manufacturing technologies.
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What trends are poised to drive the future success of the sports composites market?
The saturation of innovative products hitting the sports composite market has emerged as a major trend. Top firms within this space are channeling their efforts towards creating fresh products to maintain their market stronghold. To illustrate, SGL Carbon, a company prevalent in the production of carbon and graphite-based products in Germany, launched the SIGRAFIL C T50-4.9/235 carbon fiber in March 2023. This high strength, elongation-friendly fiber was engineered originally for hydrogen storage pressure vessels in fuel cell vehicles. However, it also potentially offers value in the sports industry, more so in the creation of lightweight but highly durable sports gear.
Which primary segments of the sports composites market are driving growth and industry transformations?
The sports composites market covered in this report is segmented -
1) By Fiber: Carbon, Glass, Other Fibers
2) By Resin Type: Epoxy, Polyamide, Polyurethane, Polypropylene
3) By Application: Golf Sticks, Rackets, Bicycles, Hockey Sticks, Skis And Snowboards
Subsegments:
1) By Carbon: High-Modulus Carbon Fibers, Intermediate-Modulus Carbon Fibers, Low-Modulus Carbon Fibers
2) By Glass: E-Glass Fibers, S-Glass Fibers
3) By Other Fibers: Aramid Fibers, Natural Fibers, Basalt Fibers
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Which geographical regions are pioneering growth in the sports composites market?
North America was the largest region in the sports composites market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the sports composites market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the influential players reshaping the sports composites market landscape?
Major companies operating in the sports composites market include Fischer Sports GmbH, Callaway legally Topgolf Callaway Brands Corp., Skis Rossignol S. A., Rockman Cycles limited, Rock West Composites Inc., Mitsubishi Chemical Carbon Fiber and Composites Inc., Jarden Corporation, Hexcel Corporation, Exel Composites Oyj, EPSILON Composite SA, Du Pont De Nemours Inc., Dexcraft Sp. z o. o., Composite Technology Development Inc., Composite Horizons LLC, Composite Engineering Inc., Composite Advantage LLC, Celanese Corporation, Carbon Composites e. V., Amer Sports, ALDILA Inc., Fiberon LLC,True Temper Sports, Toray Industries Inc., Topkey Corporation, Teijin Limited, SGL Carbon Pvt. Ltd., ProKennex, Newell Brands Inc., Hexion Inc., Fujikura Composites Inc.,
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What Is Covered In The Sports Composites Global Market Report?
•Market Size Forecast: Examine the sports composites market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the sports composites market for a structured understanding.
•Key Players Overview: Analyze major players in the sports composites market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the sports composites market.
•Segment Contributions: Evaluate how different segments drive overall growth in the sports composites market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the sports composites market.
•Industry Challenges: Identify potential risks and obstacles affecting the sports composites market.
•Competitive Landscape: Review strategic developments in the sports composites market, including expansions, agreements, and new product launches.
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