Global Sports Composites Market 2023

Description
Sports composites refer to materials used in the manufacturing of sports equipment and gear that are composed of two or more distinct materials combined to create a composite material with enhanced properties. These composites are designed to provide improved strength, durability, lightweight characteristics, and performance in sports applications. The latest analysis predicts global sports composites market will grow from 912.0 thousand tons in 2022 to 1,197.0 thousand tons by 2029, achieving a CAGR of 4.09 percent, according to the latest edition of the Global Sports Composites Market Report.

Sports composites offer superior performance characteristics compared to traditional materials like metal or wood. They can provide a combination of strength, stiffness, and lightweight properties, allowing athletes to achieve better performance in terms of speed, agility, and power. The use of composites in sports equipment, such as tennis rackets, golf clubs, and bicycle frames, can enhance performance and improve the overall experience for athletes.

Weight reduction is a crucial factor in sports equipment design. Sports composites offer the advantage of being lightweight while maintaining strength and durability. Lighter equipment can improve maneuverability, reduce fatigue, and enhance overall performance. For example, carbon fiber composites are commonly used in the construction of lightweight bicycle frames, reducing the weight of the bike and improving its handling characteristics.

The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global sports composites market. It presents a quantitative analysis of the market to enable stakeholders to capitalize on the prevailing market opportunities. The report also identifies top segments for opportunities and strategies based on market trends and leading competitors' approaches.

Market Segmentation
Product: carbon-fiber reinforced composites, glass-fiber reinforced composites, others
Application: bicycles, golf shafts, hockey sticks, rackets, snowboards and skis, others
Region: Asia-Pacific, Europe, North America, Middle East and Africa (MEA), South America

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the product, application, and region. The global market for sports composites can be segmented by product: carbon-fiber reinforced composites, glass-fiber reinforced composites, others. The glass-fiber reinforced composites segment captured the largest share of the market in 2022. Sports composites market is further segmented by application: bicycles, golf shafts, hockey sticks, rackets, snowboards and skis, others. The snowboards and skis segment held the largest share of the global sports composites market in 2022 and is anticipated to hold its share during the forecast period. Based on region, the sports composites market is segmented into: Asia-Pacific, Europe, North America, Middle East and Africa (MEA), South America. In 2022, Asia-Pacific made up the largest share of the sports composites market.

Major Companies and Competitive Landscape
The report also provides a detailed analysis of several leading sports composites market vendors that include Celanese Corporation, Exel Composites Oyj, Formosa Plastic Group, Hexcel Corporation, Jiangsu Hengshen Co., Ltd., Mitsubishi Chemical Corporation, Rock West Composites Inc., SGL Carbon SE, Teijin Limited, Topkey Corporation, Toray Industries Inc., Zhongfu Shenying Carbon Fiber Co., Ltd., among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.

Scope of the Report
To analyze and forecast the market size of the global sports composites market.
To classify and forecast the global sports composites market based on product, application, region.
To identify drivers and challenges for the global sports composites market.
To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global sports composites market.
To identify and analyze the profile of leading players operating in the global sports composites market.

Why Choose This Report
Gain a reliable outlook of the global sports composites market forecasts from 2023 to 2029 across scenarios.
Identify growth segments for investment.
Stay ahead of competitors through company profiles and market data.
The market estimate for ease of analysis across scenarios in Excel format.
Strategy consulting and research support for three months.
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