Sports Composites Global Market Report 2024

Description

“Sports Composites Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on sports composites market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for sports composites? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The sports composites market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

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
Companies Mentioned: Fischer Sports GmbH; Callaway legally Topgolf Callaway Brands Corp.; Skis Rossignol S. A.; Rockman Cycles limited; Rock West Composites Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Sports composites are fibers utilized to enhance the strength, reduce the weight, and lower the cost of sports equipment. They play a crucial role in reducing the weight of protective gear like helmets for motorcyclists, contributing to the enhancement of sports equipment and the safeguarding of athletes against injuries.

The primary types of fibers employed in sports composites include carbon, glass, and others. Carbon sports composites, also known as graphite fibers, are extensively used in manufacturing sports equipment such as sticks and rackets due to their exceptional qualities, including being lightweight, possessing a high strength-to-weight ratio, increased resistance, and stiffness. Various resin types, such as epoxy, polyamide, polyurethane, and polypropylene, find applications in diverse sports equipment like golf sticks, rackets, bicycles, hockey sticks, as well as skis and snowboards.

The sports composites market research report is one of a series of new reports from The Business Research Company that provides sports composites market statistics, including global market size, regional shares, competitors with a sports composites market share, detailed sports composites market segments, market trends and opportunities, and any further data you may need to thrive in the sports composites industry. This sports composites market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The sports composites market size has grown strongly in recent years. It will grow from $3. 54 billion in 2023 to $3. 81 billion in 2024 at a compound annual growth rate (CAGR) of 7. 6%. The growth observed in the historical period can be attributed to factors such as weight reduction, the high strength-to-weight ratio offered by sports composites, and an overall increase in sports participation.

The sports composites market size is expected to see strong growth in the next few years. It will grow to $5. 14 billion in 2028 at a compound annual growth rate (CAGR) of 7. 7%. The anticipated growth in the forecast period can be attributed to factors including the escalating demand for carbon fiber composites, a heightened focus on sustainability, emerging trends in sports, and an increase in investments in the sports industry. Prominent trends expected in the forecast period encompass advancements in materials, customization of sports composites, and the adoption of innovative manufacturing technologies.

The anticipated growth in the sports industry is set to drive the expansion of the sports composites market. The sports industry involves individuals, activities, and organizations dedicated to producing, facilitating, promoting, or organizing sports-related activities. Sports composites, known for their lightweight properties, are extensively used in the manufacturing of sports equipment. According to GroupM ESP, an India-based media investment management company, the Indian sports business invested $1. 22 billion in 2021, marking a significant 62% increase from the previous year. Notably, media spending on cricket also rose by 8. 1% in 2021, reaching $728. 6 million, up from $673. 8 million in 2019. Consequently, the burgeoning sports industry is a key driver of growth in the sports composites market.

The growth of sports activities is expected to play a pivotal role in propelling the sports composites market. Sports activities encompass organized physical endeavors, games, or exercises with competitive elements, pursued for purposes such as recreation, entertainment, physical fitness, or competition. Sports composites, tailored to enhance performance, safety, and durability, find application in various sports. According to the Department of Health and Aged Care, a department of the Australian Government, over 90% of Australian adults participated in sports in January 2023. With three million youngsters and almost 13 million adults engaging in athletics annually, and 3. 1 million Australians volunteering in sports and active leisure, the growing prevalence of sports activities is contributing significantly to the expansion of the sports composites market.

Product innovation is emerging as a prominent trend in the sports composites market, with major companies striving to introduce novel products to maintain their market positions. Teijin Ltd., a Japan-based composites manufacturer, exemplifies this trend by launching Tenax PW (power series) and Tenax BM (beam series) brands of carbon fiber intermediate materials for sports applications in February 2021. Tenax PW, an advanced aircraft-quality material, enhances power and speed due to its exceptional endurance and toughness. Constructed with high-tenacity, high tensile modulus resin, Tenax PW maintains higher compressive strength than regular carbon fiber prepregs while mitigating and localizing damage after impact. Additionally, Tenax BM, another cutting-edge material, is ideal for applications requiring flexibility and resistance to thermal expansion, thanks to its high stiffness, straightness, operability, and stability.

Major companies in the sports composites market are focusing on introducing an advanced range of solutions to maximize their profits. Technological advancements in sports composites involve innovations in materials and manufacturing processes to enhance the performance, durability, and weight of composite materials. Hexcel Corporation, a US-based industrial materials company, launched the HexPly Nature Range in May 2022, offering material solutions for automotive, wind energy, marine, and winter sports applications by combining Hexcel resin systems with natural fiber reinforcements developed from biotechnology. The Nature Range products, containing epoxy resin derived from plants, maintain outstanding mechanical performance and consistent processing features, showcasing the ongoing commitment to technological advancements in the sports composites market.

In April 2022, Kordsa, a Turkey-based provider of reinforcement technologies, acquired the majority of shares in Microtex Composites for €24. 6 million euros ($25. 2 million). This strategic acquisition aims to diversify Kordsa's product offering, expand its client base, and enhance its service offering in the automotive and motorsport industries. Microtex Composites, an Italy-based company specializing in composite production, including carbon fiber for automotive, motorsport, marine, and transport, aligns with Kordsa's vision for growth in the sports composites market.

Major companies operating in the in the sports composites market report are 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.,

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

The countries covered in the sports composites market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The sports composites market consists of sales of polymer matrix composites (PMCs), metal matrix composites (MMCs), ceramic matrix composites (CMCs), and carbon matrix composites (CAMCs). Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r10611

1. Executive Summary

2. Sports Composites Market Characteristics

3. Sports Composites Market Trends And Strategies

4. Sports Composites Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Sports Composites Market Size and Growth

5.1. Global Sports Composites Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Sports Composites Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Sports Composites Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Sports Composites Market Segmentation

6.1. Global Sports Composites Market, Segmentation By Fiber, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Carbon
Glass
Other Fibers
6.2. Global Sports Composites Market, Segmentation By Rasin Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Epoxy
Polyamide
Polyurethane
Polypropylene
6.3. Global Sports Composites Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Golf Sticks
Rackets
Bicycles
Hockey Sticks
Skis and Snowboards

7. Sports Composites Market Regional And Country Analysis

7.1. Global Sports Composites Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Sports Composites Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Sports Composites Market

8.1. Asia-Pacific Sports Composites Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Sports Composites Market, Segmentation By Fiber, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Sports Composites Market, Segmentation By Rasin Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. 4. Asia-Pacific Sports Composites Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Sports Composites Market

9.1. China Sports Composites Market Overview
9.2. China Sports Composites Market, Segmentation By Fiber, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Sports Composites Market, Segmentation By Rasin Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9. 4. China Sports Composites Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Sports Composites Market

10.1. India Sports Composites Market, Segmentation By Fiber, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Sports Composites Market, Segmentation By Rasin Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Sports Composites Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Sports Composites Market

11.1. Japan Sports Composites Market, Segmentation By Fiber, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.2. Japan Sports Composites Market, Segmentation By Rasin Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Sports Composites Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Sports Composites Market

12.1. Australia Sports Composites Market, Segmentation By Fiber, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Sports Composites Market, Segmentation By Rasin Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Sports Composites Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Sports Composites Market

13.1. Indonesia Sports Composites Market, Segmentation By Fiber, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Sports Composites Market, Segmentation By Rasin Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Sports Composites Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Sports Composites Market

14.1. South Korea Sports Composites Market, Segmentation By Fiber, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.2. South Korea Sports Composites Market, Segmentation By Rasin Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Sports Composites Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Sports Composites Market

15.1. Western Europe Sports Composites Market Overview
15.2. Western Europe Sports Composites Market, Segmentation By Fiber, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Sports Composites Market, Segmentation By Rasin Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. 4. Western Europe Sports Composites Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Sports Composites Market

16.1. UK Sports Composites Market, Segmentation By Fiber, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Sports Composites Market, Segmentation By Rasin Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Sports Composites Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Sports Composites Market

17.1. Germany Sports Composites Market, Segmentation By Fiber, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Sports Composites Market, Segmentation By Rasin Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Sports Composites Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Sports Composites Market

18. 5. France Sports Composites Market, Segmentation By Fiber, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. 6. France Sports Composites Market, Segmentation By Rasin Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. 7. France Sports Composites Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Sports Composites Market

19. 9. Italy Sports Composites Market, Segmentation By Fiber, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.10. Italy Sports Composites Market, Segmentation By Rasin Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.11. Italy Sports Composites Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Sports Composites Market

20.13. Spain Sports Composites Market, Segmentation By Fiber, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.14. Spain Sports Composites Market, Segmentation By Rasin Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.15. Spain Sports Composites Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Sports Composites Market

21.1. Eastern Europe Sports Composites Market Overview
21.2. Eastern Europe Sports Composites Market, Segmentation By Fiber, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Sports Composites Market, Segmentation By Rasin Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. 4. Eastern Europe Sports Composites Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Sports Composites Market

22.1. Russia Sports Composites Market, Segmentation By Fiber, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Sports Composites Market, Segmentation By Rasin Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Sports Composites Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Sports Composites Market

23.1. North America Sports Composites Market Overview
23.2. North America Sports Composites Market, Segmentation By Fiber, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Sports Composites Market, Segmentation By Rasin Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. 4. North America Sports Composites Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Sports Composites Market

24.1. USA Sports Composites Market Overview
24.2. USA Sports Composites Market, Segmentation By Fiber, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Sports Composites Market, Segmentation By Rasin Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. 4. USA Sports Composites Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Sports Composites Market

25.1. Canada Sports Composites Market Overview
25.2. Canada Sports Composites Market, Segmentation By Fiber, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Sports Composites Market, Segmentation By Rasin Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. 4. Canada Sports Composites Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Sports Composites Market

26.1. South America Sports Composites Market Overview
26.2. South America Sports Composites Market, Segmentation By Fiber, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Sports Composites Market, Segmentation By Rasin Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. 4. South America Sports Composites Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Sports Composites Market

27.1. Brazil Sports Composites Market, Segmentation By Fiber, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Sports Composites Market, Segmentation By Rasin Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Sports Composites Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Sports Composites Market

28.1. Middle East Sports Composites Market Overview
28.2. Middle East Sports Composites Market, Segmentation By Fiber, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Sports Composites Market, Segmentation By Rasin Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. 4. Middle East Sports Composites Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Sports Composites Market

29.1. Africa Sports Composites Market Overview
29.2. Africa Sports Composites Market, Segmentation By Fiber, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Sports Composites Market, Segmentation By Rasin Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. 4. Africa Sports Composites Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Sports Composites Market Competitive Landscape And Company Profiles

30.1. Sports Composites Market Competitive Landscape
30.2. Sports Composites Market Company Profiles
- 30.2.1. Fischer Sports GmbH
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1. 4. Financial Performance
- 30.2.2. Callaway legally Topgolf Callaway Brands Corp.
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2. 4. Financial Performance
- 30.2.3. Skis Rossignol S. A.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3. 4. Financial Performance
- 30.2. 4. Rockman Cycles limited
  - 30.2. 4.1. Overview
  - 30.2. 4.2. Products and Services
  - 30.2. 4.3. Strategy
  - 30.2. 4. 4. Financial Performance
- 30.2. 5. Rock West Composites Inc.
  - 30.2. 5.1. Overview
  - 30.2. 5.2. Products and Services
  - 30.2. 5.3. Strategy
  - 30.2. 5. 4. Financial Performance

31. Global Sports Composites Market Competitive Benchmarking

32. Global Sports Composites Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Sports Composites Market

34. Sports Composites Market Future Outlook and Potential Analysis

34.1 Sports Composites Market In 2028 - Countries Offering Most New Opportunities
34.2 Sports Composites Market In 2028 - Segments Offering Most New Opportunities
34. 3 Sports Composites Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35. 4. Research Inquiries
35. 5. The Business Research Company
35. 6. Copyright And Disclaimer