Press release
Rising Popularity of Cycling Fuels Growth in the Sports Composites Market: A Significant Driver Propelling The Sports Composites Market In 2025
Sports Composites
What Is the Sports Composites Market Size and Projected Growth Rate?
The market size of sports composites has significantly expanded in the past few years. Expected to rise from a $3.79 billion valuation in 2024, it is forecasted to reach $4.07 billion by 2025, which demonstrates a compound annual growth rate (CAGR) of 7.6%. The primary reasons behind this growth during the historic period include weight reduction, high strength-to-weight ratio, and heightened sports participation.
The sports composites market is predicted to experience robust expansion in the years to come, scaling to a value of $5.64 billion in 2029, with a compound annual growth rate (CAGR) of 8.5%. The surge during the projection period is due to the mounting requirement for carbon fiber composites, emphasis on environmental sustainability, up and coming sporting trends, and augmented sports funding. The forecast period also predicts significant trends including advancements in materials, customization, and novel manufacturing methods.
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What Are the Major Segments in the Sports Composites Market?
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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What Are The Driving Sports Composites Market Evolution?
Anticipated progression in the sports composites market is likely to be fueled by the ever-growing adoration for cycling. The escalating popularity of cycling is linked to its beneficial health impacts, environmental friendliness, and increased recognition as an eco-friendly transportation alternative. In addition, there has been an intensifying interest in physical fitness and leisure activities. Sports composites contribute to the cycling enhancement by making bicycles lighter while ramping up their robustness, longevity, and aerodynamic performance. This allows cyclists to reach greater velocities with augmented efficiency and comfort. For example, GOV.UK, a provider of UK government services and information reported in August 2024, that in the previous year, individuals in England had pedaled through 0.9 billion stages collectively. An individual would typically finish 15 cycling trips and 16 cycling stages, totaling a distance of 47 miles. Consequently, the booming popularity of cycling is fuelling the expansion of the sports composites market.
Which Firms Dominate The Sports Composites Market Segments?
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.,
What Trends Are Expected to Dominate the Sports Composites Market in the Next 5 Years?
The trend of product invention is becoming more prevalent in the sports composite market. This trend is led by several major companies that are eager to launch new products to maintain their competitive edge. For example, SGL Carbon, a carbon and graphite product manufacturing company from Germany, unveiled the SIGRAFIL C T50-4.9/235 carbon fiber in March 2023. Although it's primarily intended for hydrogen storage pressure vessels in fuel cell vehicles, this carbon fiber is equally valuable in applications within the sports industry, especially in the development of equipment that can benefit from materials that are light yet strong.
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Which Is The Largest Region 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
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Sports Composites Market?
2. What is the CAGR expected in the Sports Composites Market?
3. What Are the Key Innovations Transforming the Sports Composites Industry?
4. Which Region Is Leading the Sports Composites Market?
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