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Comprehensive 2025 Sports Composites Market Overview: Trends, Forecasts, and Growth Drivers
Sports Composites
What Is the Expected CAGR for the Sports Composites Market Through 2025?
The size of the sports composites market has experienced significant expansion in the past few years. Its growth is projected to rise from $3.79 billion in 2024 to $4.07 billion in 2025, showcasing a compound annual growth rate (CAGR) of 7.6%. Factors like weight reduction, a high strength-to-weight ratio, and elevated sports participation contributed to the growth during the historical period.
What's the Projected Size of the Global Sports Composites Market by 2029?
The market size of sports composites is predicted to experience significant growth in the coming years, reaching a value of $5.64 billion in 2029 with a compound annual growth rate (CAGR) of 8.5%. The expansion during the forecast period can be credited to the increasing demand for carbon fiber composites, a focus on environmental sustainability, new trends in sports, and heightened sports investment. Prominent trends anticipated during the forecast period encompass advancements in materials, customizations, and novel manufacturing technologies.
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Top Growth Drivers in the Sports Composites Industry: What's Accelerating the Market?
The upward trend in cycling is predicted to fuel the expansion of the sports composites market. This surge in cycling's popularity may be credited to its health perks, environmental benefits, and increased usage as a viable method of transportation, in conjunction with a growing enthusiasm for fitness and leisure activities. Sports composites contribute to cycling by lessening the bicycle's weight while augmenting its sturdiness, durability, and wind-resistance performance, permitting cyclists to attain higher speeds with enhanced efficiency and comfort. For example, in August 2024, GOV.UK, a UK-based government agency that provides services and information, disclosed that during 2023, people in England pedaled a total of 0.9 billion stages. On an average basis, an individual accomplished 15 cycling journeys and 16 cycling stages, spanning a distance of 47 miles. Therefore, the escalating fame of cycling is boosting the growth of the sports composites market.
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What Trends Will Shape the Sports Composites Market Through 2029 and Beyond?
The emergence of product innovation stands out as a primary trend garnering traction in the sports composite market. Leading enterprises in this sector are prioritizing the launch of new offerings to maintain their dominance. For instance, SGL Carbon, a renowned carbon and graphite goods manufacturer based in Germany, unveiled the SIGRAFIL C T50-4.9/235 carbon fiber in March 2023. This product is designed for various uses including sports and other sectors that demand high strength and fiber elongation. While it targets mainly pressure vessels used for hydrogen storage in fuel cell vehicles, this carbon fiber might also find applications in the sporting industry, especially in manufacturing equipment that requires lightweight and robust materials.
What Are the Main 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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Which Top Companies are Driving Growth in the Sports Composites Market?
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.,
Which Regions Will Dominate the Sports Composites Market Through 2029?
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
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