Press release
Sports Composites Market Poised to Hit $5.52 Billion by 2029 with Accelerating Growth Trends
Sports Composites
Sports Composites Market Size Growth Forecast: What to Expect by 2025?
In recent years, the sports composites market has seen substantial growth. Its size is set to expand from $3.79 billion in 2024 to $4.03 billion in 2025, boasting a compound annual growth rate (CAGR) of 6.5%. The growth during the historical period is likely because of factors such as weight reduction, a high strength-to-weight ratio, and a surge in sports participation.
How Will the Sports Composites Market Size Evolve and Grow by 2029?
In the coming years, the sports composites market is anticipated to witness robust growth. The market is expected to expand to $5.52 billion in 2029 with a compound annual growth rate (CAGR) of 8.2%. The growth in this particular forecast period is credited to the increasing demand for carbon fiber composites, focus on eco-friendliness, developing sports trends, and amplifying sports investment. Material advancements, customization, and innovative production technologies are the major trends foreseen during the forecast period.
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What Drivers Are Propelling the Growth of Sports Composites Market Forward?
The escalating interest in cycling is anticipated to drive the expansion of the sports composites market in the future. The increase in cycling's popularity stems from its health advantages, environment-friendly characteristics, and growing acceptance as a viable transportation alternative, in addition to a rising interest in fitness and recreational activities. Sports composites contribute to cycling by lowering the bicycle's weight while improving its strength, longevity, and aerodynamic performance, allowing cyclists to attain greater speeds with enhanced efficiency and comfort. For example, according to GOV.UK, a UK-based government services and information source, it was announced in August 2024 that individuals in England collectively cycled 0.9 billion stages in 2023. On average, an individual completed 15 cycling trips and 16 cycling stages, traveling a total of 47 miles. Hence, the increasing popularity of cycling is fuelling the growth of the sports composites market.
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Which Emerging Trends Are Transforming the Sports Composites Market in 2025?
The emergence of product innovation is a leading trend in the sports composite market. Established businesses in the industry are centering their efforts on the launch of new products in order to maintain their standing. For example, in March 2023, SGL Carbon, a company based in Germany which manufactures carbon and graphite products, unveiled the SIGRAFIL C T50-4.9/235 carbon fiber. Although primarily designed for use in pressure vessels for hydrogen storage in fuel cell vehicles, this carbon fiber has the potential to significantly impact the sports industry, particularly in the development of lightweight and robust sports equipment.
What Are the Key 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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Who Are the Key Players Shaping the Sports Composites Market's Competitive 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.,
What Geographic Markets Are Powering 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
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