SHARE
Sports Composites Market

Sports Composites Market Forecasts to 2028 – Global Analysis By Resin Type (Epoxy, Polyamide), Fiber Type (Carbon, Glass), Manufacturing Process (Filament Winding, Infusion), Product (Boron Fiber, Carbon Fiber) and By Geography

4.8 (50 reviews)
Published: May 2022 ID: SMRC21404
4.8 (50 reviews)
Published: May 2022 ID: SMRC21404

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Sports Composites Market is accounted for $4.17 billion in 2021 and is expected to reach $6.62 billion by 2028 growing at a CAGR of 6.8% during the forecast period. Sports composites are the fibers used for manufacturing sports equipment to upsurge its strength, decrease the cost, and decrease its weight. A composite material is a combination of two or more materials and is used in sports equipment. It has an excellent shock absorption capacity, which is why it is commonly used as a raw material in the manufacturing of sports equipment.

Market Dynamics:

Driver:

Growing Demand for Lightweight Materials


The composites deliver high strength-to-weight capabilities in contrast with other traditional materials such as titanium, alloy, high tensile strength steels, and others, thus helping create increasingly efficient and variety in designs. Carbon fiber and glass fiber are seen as substitutes for these traditional materials as they are lightweight, provide good mechanical performance, and offer variety in designs, strength, stiffness, and others. Sports goods manufacturers are increasingly using carbon fiber. These composites are majorly used in the manufacture of skis & snowboards and hockey sticks. Apart from these applications, they are also used in bicycles, rackets, and others. For instance, the use of composites in tennis rackets reduces the weight and increases the sweet spot size; in hockey sticks, they reduce weight and adjust the kick point to increase energy transfer; in fishing rods, they reduce weight and increase the sensitivity and accuracy. Increased efficiency and low weight have always been the foremost drivers for utilizing composites in sports goods as they boost athletic performance and lower the danger of injury.

Restraint:

High Cost


Costs of raw and secondary materials have consistently increased along with increased freight and logistics costs and packaging costs which have resulted in a surge in the prices of resins. General-purpose products are cheaper than specialty products. Specialty products compete to a greater extent on the basis of performance rather than price, as compared with general-purpose or commodity products. The prices of glass fiber are increasing, which is expected to restrict the growth of the market. For instance, companies such as Owens Corning and Certex have increased the prices of glass fibers. The ongoing advancements in the manufacturing process in line with the increasing production of glass fiber are expected to reduce the prices of glass fiber.

Opportunity:

Growing Demand for Composites for New Sports Goods Applications


The sports goods are necessary to be manufactured in altered sizes and shapes liable upon the sport. The several properties of composites such as low density, high tensile modulus, and lightweight make them appropriate for several sports goods applications such as tennis rackets, golf shafts, fishing poles, skis, snowboards, hockey sticks, and bicycle frames. Composites are finding new uses in several sports goods applications such as wheel-tire systems, fitness equipment, softballs, bats, baseballs, helmets, cycling shoes, boots, apparel for both, alpine and Nordic skiing, clothing and protective wear, footwear, and others. This is because composites offer compression and lateral stability as well as are lightweight and have high strength and durability.

Threat:

Concerns Related to Recycling

The use of composites in several end-use industries helps decrease weight and raises performance. A difficulty in recycling composites is a major threat faced by composite manufacturers. Most of the composites used are disposed of at landfills. Many of the European Union countries have forbidden landfilling composite wastes. Altogether, companies are trying to reduce global warming and exploring the potential of composites in reducing greenhouse gas emissions. But, difficulties in recycling glass fiber-reinforced composites are a stumbling block, where the pressure to recycle is high.

Polyamide segment is expected to be the largest during the forecast period

The polyamide resin segment is expected to witness largest growth rate, due to the growing demand for hockey sticks. Moreover, properties characteristics of polyamide comprising improved energy transfer are expected to propel demand. Polyamide resin is castoff as a strengthening material in the blade of the hockey stick as it shields the blade from damage by high impact collisions, keeping the weight of the stick at a minimum.

The Bicycles segment is expected to have the highest CAGR during the forecast period

The bicycle segment is expected to witness high growth over the forecast period, due to the increasing demand for lightweight bicycles in competitive sports as well as recreation activities. Moreover, substantial weight decrease advances bike control due to the use of carbon composites in the bicycle frames. Also, the increasing demand for carbon-reinforced bicycle frames due to a decrease in cost is expected to drive the demand over the forecast period. The increasing use of glass-reinforced plastics as a protective layer in skis and snowboards results in better control of the boards by the players. In addition, the use of glass composites in skis results in better geometry, lower equipment cost, and lower instances of bond failures which are expected to drive the market growth over the forecast period.

Region with highest share:

The North America is projected to hold the highest market share; due to the growing demand for composite sports equipment in this province, high technological advancement is important to increase the use of composites for numerous sports equipment such as lacrosse sticks and polo sticks. Moreover, the growing demand for artificial turf for American football, basketball courts, and golf is expected to drive growth over the forecast period.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR, owing to the rising demand for superior performance products in the snowboard applications, availability of low-cost labor, and growing demand from the golf stick applications in this province. China & Taiwan are the leading manufacturers of sports composites goods in the Asia Pacific and worldwide. This growth can be accredited to the obtainability of raw materials and labor at reduced costs, especially in Greater China i.e., China, Hong Kong, Macau, and Taiwan. Additionally, Japan is a major producer of carbon fiber composites, which is also one of the factors for the growth of the market in this province, due to the existence of a large number of well-established players in China & Taiwan. Besides this, the major manufacturers of glass and carbon fibers are concentrated in the Asia Pacific.

Key players in the market:

Some of the key players profiled in the Sports Composites Market include Amer Sports (Finland), ALDILA, Inc. (US), Rossignol (France), Newell Brands (US), Ficher Sports (Austria), Topkey Corporation (Taiwan), Fujikura Composites (Japan), Callway Golf (US), True Temper (US), Prokennex (Taiwan), Toray Industries (Japan), Teijin Ltd. (Japan), Hexion Inc. (US), SGL Carbon.

Key developments:

In July 2019: Teijin Limited acquired Benet Automotive s.r.o. to expand European Automotive Business. Benet has strategic proximity to the central and eastern regions of the European market where key German and other European OEMs operate production facilities. The company’s well-proven supply record will provide a solid foundation for Teijin to further strengthen its solution development capabilities and sales channels in Europe

In January 2021: SGL carbon launched a USD 4.5 million expansion project at its Arkadelphia, AR plant with a plan to increase its capacity for carbon composites. The expansion is expected to become operational by the end of the year. SGL Carbon operates 31 production facilities in Europe, Asia, and North America. This expansion is expected to boost the growth of the sports composites market

In January 2021: Amer Sports signed an agreement with Peloton Interactive Inc. for the contemplated sale of Precor, the manufacturer of commercial fitness equipment with a significant manufacturing presence in the US.

In November 2018: Toray Industries Inc. developed TORAYCA® MX Series carbon fibers with high tensile modulus and high compressive strength to introduce prepreg to a variety of applications.

Resin Types Covered: 
• Epoxy
• Polyamide
• Polypropylene
• Polyurethane
• Vinyl Ester 

Fiber Types Covered:
• Carbon
• Glass 

Manufacturing Processes Covered:
• Filament Winding
• Infusion
• Prepreg Layup
• Wet Layup
  
Products Covered:
• Boron Fiber
• Carbon Fiber
• Fiber Glass
• Other Products

Applications Covered:
• Golf Sticks
• Rackets
• Bicycles
• Hockey Sticks
• Skis & Snowboards
• Fishing Rods

End Users Covered:
• Bicycles
• Frames
• Skis
• Tennis Racquets

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

1 Executive Summary  
   
2 Preface  

 2.1 Abstract 
 2.2 Stake Holders 
 2.3 Research Scope 
 2.4 Research Methodology 
  2.4.1 Data Mining
  2.4.2 Data Analysis
  2.4.3 Data Validation
  2.4.4 Research Approach
 2.5 Research Sources 
  2.5.1 Primary Research Sources
  2.5.2 Secondary Research Sources
  2.5.3 Assumptions
   
3 Market Trend Analysis  
 3.1 Introduction 
 3.2 Drivers 
 3.3 Restraints 
 3.4 Opportunities 
 3.5 Threats 
 3.6 Product Analysis 
 3.7 Application Analysis 
 3.8 End User Analysis 
 3.9 Emerging Markets 
 3.10 Impact of Covid-19 
   
4 Porters Five Force Analysis  
 4.1 Bargaining power of suppliers 
 4.2 Bargaining power of buyers 
 4.3 Threat of substitutes 
 4.4 Threat of new entrants 
 4.5 Competitive rivalry 
   
5 Global Sports Composites Market, By Resin Type  
 5.1 Introduction 
 5.2 Epoxy 
 5.3 Polyamide 
 5.4 Polypropylene 
 5.5 Polyurethane 
 5.6 Vinyl Ester 
   
6 Global Sports Composites Market, By Fiber Type  
 6.1 Introduction 
 6.2 Carbon 
 6.3 Glass 
   
7 Global Sports Composites Market, By  Manufacturing Process  
 7.1 Introduction 
 7.2 Filament Winding 
 7.3 Infusion 
 7.4 Prepreg Layup 
 7.5 Wet Layup 
   
8 Global Sports Composites Market, By Product  
 8.1 Introduction 
 8.2 Boron Fiber 
 8.3 Carbon Fiber 
 8.4 Fiber Glass 
 8.5 Other Products 
  8.5.1 Carbide
  8.5.2 Man-Made Fibers
  8.5.3 Silicon Carbide
   
9 Global Sports Composites Market, By Application  
 9.1 Introduction 
 9.2 Golf Sticks 
 9.3 Rackets 
 9.4 Bicycles 
 9.5 Hockey Sticks 
 9.6 Skis & Snowboards 
 9.7 Fishing Rods 
   
10 Global Sports Composites Market, By End User  
 10.1 Introduction 
 10.2 Bicycles 
 10.3 Frames 
 10.4 Skis 
 10.5 Tennis Racquets 
   
11 Global Sports Composites Market, By Geography  
 11.1 Introduction 
 11.2 North America 
  11.2.1 US
  11.2.2 Canada
  11.2.3 Mexico
 11.3 Europe 
  11.3.1 Germany
  11.3.2 UK
  11.3.3 Italy
  11.3.4 France
  11.3.5 Spain
  11.3.6 Rest of Europe
 11.4 Asia Pacific 
  11.4.1 Japan
  11.4.2 China
  11.4.3 India
  11.4.4 Australia
  11.4.5 New Zealand
  11.4.6 South Korea
  11.4.7 Rest of Asia Pacific
 11.5 South America 
  11.5.1 Argentina
  11.5.2 Brazil
  11.5.3 Chile
  11.5.4 Rest of South America
 11.6 Middle East & Africa 
  11.6.1 Saudi Arabia
  11.6.2 UAE
  11.6.3 Qatar
  11.6.4 South Africa
  11.6.5 Rest of Middle East & Africa
   
12 Key Developments  
 12.1 Agreements, Partnerships, Collaborations and Joint Ventures 
 12.2 Acquisitions & Mergers 
 12.3 New Product Launch 
 12.4 Expansions 
 12.5 Other Key Strategies 
   
13 Company Profiling  
 13.1 Amer Sports (Finland) 
 13.2 ALDILA, Inc. (US) 
 13.3 Rossignol (France) 
 13.4 Newell Brands (US) 
 13.5 Ficher Sports (Austria) 
 13.6 Topkey Corporation (Taiwan) 
 13.7 Fujikura Composites (Japan) 
 13.8 Callway Golf (US) 
 13.9 True Temper (US) 
 13.10 Prokennex (Taiwan) 
 13.11 Toray Industries (Japan) 
 13.12 Teijin Ltd. (Japan) 
 13.13 Hexion Inc. (US) 
 13.14 SGL Carbon 


List of Tables   
1 Global Sports Composites Market Outlook, By Region (2020-2028) (US $MN)   
2 Global Sports Composites Market Outlook, By Resin Type (2020-2028) (US $MN)  
3 Global Sports Composites Market Outlook, By Epoxy (2020-2028) (US $MN)  
4 Global Sports Composites Market Outlook, By Polyamide (2020-2028) (US $MN)  
5 Global Sports Composites Market Outlook, By Polypropylene (2020-2028) (US $MN)  
6 Global Sports Composites Market Outlook, By Polyurethane (2020-2028) (US $MN)  
7 Global Sports Composites Market Outlook, By Vinyl Ester (2020-2028) (US $MN)  
8 Global Sports Composites Market Outlook, By Fiber Type (2020-2028) (US $MN)  
9 Global Sports Composites Market Outlook, By Carbon (2020-2028) (US $MN)  
10 Global Sports Composites Market Outlook, By Glass (2020-2028) (US $MN)  
11 Global Sports Composites Market Outlook, By Manufacturing Process (2020-2028) (US $MN)  
12 Global Sports Composites Market Outlook, By Filament Winding (2020-2028) (US $MN)  
13 Global Sports Composites Market Outlook, By Infusion (2020-2028) (US $MN)  
14 Global Sports Composites Market Outlook, By Prepreg Layup (2020-2028) (US $MN)  
15 Global Sports Composites Market Outlook, By Wet Layup (2020-2028) (US $MN)  
16 Global Sports Composites Market Outlook, By Product (2020-2028) (US $MN)  
17 Global Sports Composites Market Outlook, By Boron Fiber (2020-2028) (US $MN)  
18 Global Sports Composites Market Outlook, By Carbon Fiber (2020-2028) (US $MN)  
19 Global Sports Composites Market Outlook, By Fiber Glass (2020-2028) (US $MN)  
20 Global Sports Composites Market Outlook, By Other Products (2020-2028) (US $MN)  
21 Global Sports Composites Market Outlook, By Carbide (2020-2028) (US $MN)  
22 Global Sports Composites Market Outlook, By Man-Made Fibers (2020-2028) (US $MN)  
23 Global Sports Composites Market Outlook, By Silicon Carbide (2020-2028) (US $MN)  
24 Global Sports Composites Market Outlook, By Application (2020-2028) (US $MN)  
25 Global Sports Composites Market Outlook, By Golf Sticks (2020-2028) (US $MN)  
26 Global Sports Composites Market Outlook, By Rackets (2020-2028) (US $MN)  
27 Global Sports Composites Market Outlook, By Bicycles (2020-2028) (US $MN)  
28 Global Sports Composites Market Outlook, By Hockey Sticks (2020-2028) (US $MN)  
29 Global Sports Composites Market Outlook, By Skis & Snowboards (2020-2028) (US $MN)  
30 Global Sports Composites Market Outlook, By Fishing Rods (2020-2028) (US $MN)  
31 Global Sports Composites Market Outlook, By By End User (2020-2028) (US $MN)  
32 Global Sports Composites Market Outlook, By Bicycles (2020-2028) (US $MN)  
33 Global Sports Composites Market Outlook, By Frames (2020-2028) (US $MN)  
34 Global Sports Composites Market Outlook, By Skis (2020-2028) (US $MN)  
35 Global Sports Composites Market Outlook, By Tennis Racquets (2020-2028) (US $MN)  
   
Note- Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.  

In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.

Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.

All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

We have 3 different licensing options available in electronic format.

  • Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
  • 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
  • Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.

All our reports are typically be emailed to you as an attachment.

To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.

We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.

We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.

Select License Type

Allows one person to have access to the ordered product.The ordered product cannot be distributed to anyone else.
Allows the ordered product to be shared among a maximum of 5 people within your organisation.
Allows the product to be shared among all employees of your organisation at one particular location.
Allows the product to be shared among all employees of your organisation regardless of their geographical location.

WHY CHOOSE US ?

Assured Quality

Assured Quality

Best in class reports with high standard of research integrity

24X7 Research Support

24X7 Research Support

Continuous support to ensure the best customer experience.

Free Customization

Free Customization

Adding more values to your product of interest.

Safe and Secure Access

Safe & Secure Access

Providing a secured environment for all online transactions.

Trusted by 600+ Brands

Trusted by 600+ Brands

Serving the most reputed brands across the world.

Testimonials