Global Sports Composites Market 2024, Forecast To 2033
26 Feb, 2024
The sports composites market has shown strong growth, increasing from $3.54 billion in 2023 to $3.81 billion in 2024, with a CAGR of 7.6%. This growth is linked to weight reduction, a high strength-to-weight ratio, and increased sports participation. Forecasts suggest strong growth to $5.14 billion in 2028, with a CAGR of 7.7%. The projected growth is attributed to the rising demand for carbon fiber composites, sustainability focus, emerging sports trends, and increased investment in sports.
Global Sports Composites Market Key Driver
The sports composites market is thriving with the rising sports industry, which invested $1.22 billion in India in 2021. Increased media spending on cricket indicates a 62% YoY growth, contributing to the demand for sports composites in lightweight sports equipment.
Get A Free Sample Of The Global Sports Composites Market ReportGlobal Sports Composites Market Segments
The sports composites market covered in this report is segmented –
1) By Fiber: Carbon, Glass, Other Fibers
2) By Rasin Type: Epoxy, Polyamide, Polyurethane, Polypropylene
3) By Application: Golf Sticks, Rackets, Bicycles, Hockey Sticks, Skis and Snowboards
By Geography: The regions covered in the template market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
North America was the largest region in the sports composites market in 2023. 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
Major Sports Composites Industry Players
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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Sports Composites Market Overview
Sports composites are fibers that are used to improve the strength of sports equipment, decrease its weight, and reduce its cost. Composites reduce the weight of the helmet that protects motorcyclists. They are used to upgrade sports equipment and protect athletes from injury.
Sports Composites Global Market Report 2023 provides data on the global sports composites market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The sports composites market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.