The growing demand for lightweight materials for sports equipment is the main factor supporting the growth of the market. The growing demand for composites for golf clubs and rackets will further drive market growth during the forecast period.
JERSEY CITY, NJ, August 01, 2022 (GLOBE NEWSWIRE) – Verified Market Research recently released a report, “Sports composites market”By type (carbon fiber, glass fiber), by application (golf clubs, hockey sticks, bicycles) and by geography. According to Verified Market Research, the size of the sports composites market was valued at $ 3.93 billion in 2022 and is projected to reach $ 6.27 billion by 2030, growing at a CAGR of 5.42% since 2023 to 2030.
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202 – Pages
126 – Tables
37 – Figures
Overview of the global sports composites market
Increased power and reduced weight have continually been the main factors for using composites in sports products as they improve athletic performance and reduce the risk of injury. In addition, composites offer high resistance to weight compared to alternative ancient materials such as metallic elements, alloys, high-strength steels and others, thus serving to produce increasingly economical and selected styles. Carbon fiber and optical fiber are seen as substitutes for these ancient materials as they are lightweight, offer reasonable mechanical performance, and provide a selection of styles, strength, stiffness, and more. Manufacturers of sports products are increasingly exploiting carbon fiber.
The costs of raw and auxiliary materials increased systematically during the first three quarters of 2021, coinciding with the increase in transport and supply prices and packaging prices which led to an increase in resin costs. Generic products are cheaper than specialty products. Specialty products compete more for the premise of performance rather than value, than generic products or commodities. fiber optic costs are rising, which should limit market expansion.
In January 2021, Amer Sports entered into an agreement with Peloton Interactive Inc. for the planned sale of Precor, the manufacturer of commercial fitness equipment with a significant manufacturing presence in the United States.
The main competitors identified in this market are Aldila Inc., Head Inc., Top key Corporation, Amer Sports, Rossignol, Zoltek Carbon Fiber, Fischer Sports GmbH, Rockwood Composites Limited, Bell Helmets Inc., Protech Composites, Entropy Resins Inc., Saint -Gobain Vetrotex, Völkl Int. GmbH, Oxeon AB and United States Ski Pole Company.
Verified market research has segmented the global sports composites market based on type, application and geography.
Sports composites market, by application
Sports composites market, by geography
Rest of Europe
Rest of Asia Pacific
Middle East and Africa
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