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Sports Composites Market Report
Sports Composites Market Size, Share, Trend, Forecast, Industry Analysis: 2022-2028
Sports composites market is likely to grow from USD 4.3 billion in 2021 to USD 6.01 billion by 2028 at a CAGR of 4.86% during the forecast period of 2022-2028.
Sports Composites are now used in as many as 10 different outdoor sports. Options such as glass fiber, carbon fiber, and others are slowly replacing the regular options of metal and wood. These composites are used due to several features such as light in weight, easy in maintenance, cost-effective, and many others. Sports Composites make use of several resins such as epoxy, polyamide, polyurethane, polypropylene, and others. Mostly these are used in manufacturing golf sticks, rackets, bicycles, hockey sticks, snowboards, and others.
The growing number of patents sought for composites-based sporting goods by global companies, growing manufacturing sectors, and incessant new product unveilings, contracts, and development activities adopted by companies are the major drivers bolstering the growth of the global sports composites market.
The market is segmented as epoxy resin, polyamide resin, polyurethane resin, polypropylene resin, and others. The epoxy resin segment is estimated to be the fastest-growing segment in the coming five years. The growth is attributed to its remarkable properties, such as elevated heat, mechanical, and electrical resistance.
The market is segmented as carbon fiber, glass fiber, and others. The carbon fiber segment is anticipated to be the fastest-growing segment during the forecast period, owing to its properties, such as sturdiness, tensile strength, impact absorption, and lightweight.
The market is segmented as golf stick, rackets, bicycle, hockey stick, skis & snowboards, and others. The golf stick application segment is expected to be the fastest-growing segment during the forecast period. The growth is attributed to the application of composites in the designing of golf shaft which minimizes the shaft mass, thus letting the club designer to enhance the head mass, while still preserving a low overall club mass. The provision of a heavier club head, while preserving a minimal overall club mass supports the golfer to swing the club quicker, ensuing in augmented carry distance.
Asia-Pacific is the largest market for sports composites and is estimated to depict the highest growth in the coming five years. China and India are the growth engines of the region. The market is driven by the growing demand for premium performance products in the skis & snowboards application segment, hassle-free availability of raw materials, and low-labor cost in the region. North America and Europe are also expected to offer considerable growth opportunities during the forecast period.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Report - Features |
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Market Segmentation |
4 ways |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
15 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
8 |
The sports composites market is segmented into the following categories.
Some of the major players in the sports composites market are-
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.
The sports composites market is expected to witness an impressive growth of 4.86% CAGR during 2022-2028.
the sports composites market size is expected to reach USD 6.01 billion in 2028.
The carbon fiber segment is expected to be the fastest growing segment in the market in the coming future.
Aldila Inc., Amer Sports, E. I. Du Pont De Nemours and Company, Fischer Sports GmbH, Hexion Inc., Jarden Corporation, Topkey Corporation, and Toray Industries Inc. are among the key players in the market.
The growing number of patents sought for composites-based sporting goods by global companies, growing manufacturing sectors, and incessant new product unveilings, contracts, and development activities adopted by companies are the factors driving the growth of market.
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