Composites in the Global Sporting Goods Market Trends and Forecast
Lucintel finds that future of the composites material in the global sporting goods market looks promising with opportunities in skis & snow boards, bicycle parts, rackets, golf shafts & clubs, hockey sticks, and fishing rods applications. The composites in the global sporting goods market is expected to reach an estimated $1,526 million by 2030 with a CAGR of 10% from 2023 to 2030. The major drivers for this market are increasing use of lightweight and high-performance materials in sports equipment.
Composite materials in global sporting goods typically include carbon fiber for its high strength-to-weight ratio, fiberglass for durability and flexibility, Kevlar for strength and heat resistance, resins (epoxy, polyester) as binding agents, and foams/cores for cushioning and support. Prices vary widely; carbon fiber commands a premium due to advanced properties, while fiberglass offers a more cost-effective alternative. KevlarÄX%$%Xs specialized applications also influence pricing. Competition drives pricing strategies, balancing material costs and performance to meet demands for high-quality, functional sporting equipment.
• Lucintel forecasts that golf shafts & clubs will remain the largest application segment over the forecast period composite shafts are more lightweight, allowing designers to increase the weight of the head of the club while keeping the total weight of the club low.
• Carbon fiber will remain the largest segment and it is expected to witness the highest growth over the forecast period due to its increasing uses in various applications of sporting goods industry and several performance benefits, including lightweight and stiffness.
• Asia Pacific is expected to remain the largest region and witness the highest growth over the forecast period because APAC became the home for leading composite component manufactures for sporting goods industry.
Country wise Outlook for the Composites in the Global Sporting Goods Market
The composites in the global sporting goods market is witnessing substantial growth globally. Major players in the market are expanding their operations and forming strategic partnerships to strengthen their positions. Below image highlights recent developments by major advance composite producers in key regions: the USA, Germany, UK, China, and Japan.
Emerging Trends in the Composites in the Global Sporting Goods Market
Emerging trends in composites in the global sporting goods market are shaping its future applications and market dynamics:
1. Advanced Materials Integration: Increasing use of hybrid composites combining carbon fiber, fiberglass, and other materials to optimize performance characteristics like strength, weight, and flexibility in sporting equipment.
2. Technological Innovations: Adoption of innovative manufacturing techniques such as additive manufacturing (3D printing) to create complex composite structures with enhanced durability and performance.
3. Smart Composite Applications: Integration of smart materials and sensors into composites for real-time performance monitoring, injury prevention, and feedback, revolutionizing sports equipment design and functionality.
4. Customization and Personalization: Growing demand for customizable composite solutions tailored to athlete-specific needs and performance requirements, enhancing product differentiation and consumer engagement
These trends reflect a shift towards more advanced, sustainable, and personalized composite solutions in the global sporting goods market, driven by technological advancements, consumer preferences, and regulatory trends towards sustainability.
A total of 110 figures / charts and 88 tables are provided in this 183-page report to help in your business decisions. A sample figure with insights is shown below.
Recent Developments by the Global Sporting Goods Market
Recent developments in composites in the global sporting goods market by highlighting ongoing innovations and advancements across different sectors.
• Technological Advancements: Integration of smart technology and advanced materials like carbon fiber in sporting equipment for enhanced performance and durability.
• Sustainability Initiatives: Increasing use of eco-friendly materials and adoption of circular economy practices to reduce environmental impact.
• E-Commerce and Digitalization: Growth of online retail and digital platforms offering convenience and global access to sporting goods, alongside virtual training and coaching innovations.
• Health and Wellness Trends: Rising consumer focus on fitness, wellness, and mental well-being driving demand for fitness equipment, athleisure apparel, and wellness products.
• Innovation in Sports Performance: Advancements in sports analytics, performance tracking, and customization of equipment to optimize athlete performance and safety.
• Global Sporting Events: Influence of major sporting events on consumer behavior, brand visibility, and product endorsements within the sporting goods industry.
• Regulatory Compliance: Adherence to safety standards and certifications to ensure product quality and athlete safety across international markets.
Composites in the Global Sporting Goods Suppliers and Their Market Shares
In this composites in the global sporting goods competitive market, several key players such as , Mitsubishi Rayon Corporation Limited, Toray Industries Inc., Teijin Limited, Hexcel Corporation, SGL Carbon, and Solvay dominate the market and contribute to industry’s growth and innovation. These players capture maximum market share.
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies composites in the global sporting goods market cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of composites in the global sporting goods market profiled in this report include.
• Mitsubishi Rayon Corporation Limited
• Toray Industries Inc.,
• Teijin Limited
• Hexcel Corporation
• SGL Carbon
• Solvay
These companies have established themselves as leaders in composites in the global sporting goods market with extensive product portfolios, global presence, and strong research and development capabilities. They continually strive to enhance their market positions through strategic partnerships, mergers and acquisitions, and product innovations.
The market share dynamics within composites in the global sporting goods market are evolving, with the entry of new players and the emergence of innovative technologies. Additionally, collaborations between material suppliers, manufacturers, and end-users are fostering technological advancements and expanding market opportunities.
Composites in the Global Sporting Goods Market by Segment
Major segments of composites materials in global sporting goods are experiencing growth: carbon fiber for its superior strength-to-weight ratio in tennis rackets, golf clubs, and bicycle frames; fiberglass for durability and affordability in skis, surfboards, and kayaks; advanced resin systems for enhanced bonding strength and impact resistance; smart composites integrating sensors for real-time performance monitoring; and sustainable composites using recycled fibers and eco-friendly processes, meeting rising consumer demand for high-performance and environmentally responsible sporting equipment.
This composites in the composites materials in global sporting goods market report provides a comprehensive analysis of the marketÄX%$%Xs current trends, growth drivers, challenges, and future prospects in all major segments like above. It covers various segments, including application, reinforcement type, resin and process. The report offers insights into regional dynamics, highlighting the major markets for composites materials in global sporting goods market reports and their growth potentials. The study includes trends and forecast for the composites materials in global sporting goods market by application, reinforcement type, resin and process, and region as follows:
By Application [Value ($M) and Volume (M lbs) Analysis for 2018 – 2030]:
• Skis and Snow Boards
• Bicycle Parts
• Rackets
• Golf Shafts and Clubs
• Hockey Sticks
• Fishing Rods
• Others
By Reinforcement [Value ($M) and Volume (M lbs) Analysis for 2018 – 2030]:
• Glass Fiber
• Carbon Fiber
• Others
By Resin [Value ($M) and Volume (M lbs) Analysis for 2018 – 2030]:
• Epoxy
• Polyamide
• Others
By Process [Value ($M) and Volume (M lbs) Analysis for 2018 – 2030]:
• Prepreg Layup
• Infusion
• Filament Winding
• Wet Layup
• Others
By Region [Value ($M) and Volume (M lbs) Analysis for 2018 – 2030]:
• North America
• US
• Europe
• Germany
• France
• Asia Pacific
• China
• Japan
• Taiwan
• The Rest of the World
• Brazil
• South Africa
Features of Composites in Sporting Goods Market
• Market Size Estimates: Composites in sporting goods market size estimation in terms of value ($M) and volume (M lbs)
• Trend and Forecast Analysis: Market trends (2018-2023) and forecast (2024-2030) by various segments and regions.
• Segmentation Analysis: Market size by application, reinforcement, resin, process, and region
• Regional Analysis: Composites in sporting goods market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
• Growth Opportunities: Analysis of growth opportunities in different application, reinforcement, resin, process, and region for the composites in sporting goods market.
• Strategic Analysis: This includes M&A, new product development, and competitive landscape for the composites in sporting goods market.
• Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
If you are looking to expand your business in composites in the global wood plastic composites or adjacent markets, then contact us. We have done hundreds of strategic consulting projects in market entry, opportunity screening, due diligence, supply chain analysis, M & A, and more.
FAQ
Q1. What is the composite in sporting goods market size?
Answer: The composites in the global sporting goods market is expected to reach an estimated $1,526 million by 2030.
Q2. What is the growth forecast for composites in sporting goods market?
Answer: The composites in sporting goods market is expected to grow at a CAGR of 10% from 2023 to 2030.
Q3. What are the major drivers influencing the growth of the composites in sporting goods market?
Answer: The major drivers for this market are increasing use of lightweight and high-performance materials in sports equipment.
Q4. What are the major applications or end use industries for composites in sporting goods market?
Answer: Golf shafts & clubs and skis & snow boards are the major applications for composites in sporting goods.
Q5. What are the emerging trends in composites in sporting goods market?
Answer: Emerging trend, which has a direct impact on the dynamics of the industry, includes advanced materials integration, customization and personalization, and smart composite applications.
Q6. Who are the key composites in sporting goods industry companies?
Answer: Some of the key composites in sporting goods industry companies are as follows:
• Mitsubishi Rayon Corporation Limited
• Toray Industries Inc.,
• Teijin Limited
• Hexcel Corporation
• SGL Carbon
• Solvay
Q7.Which composites in sporting goods industry material segment will be the largest in future?
Answer: Lucintel forecasts that carbon fiber will remain the largest segment and it is expected to witness highest growth over the forecast period due to its increasing uses in various end use industries.
Q8: In composites in sporting goods market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to remain the largest region and witness the highest growth over next 5 years
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
This report answers following 11 key questions
Q.1 What are some of the most promising potential, high-growth opportunities for the composites in the global sporting goods market by application (skis and snow boards, bicycle parts, rackets, golf shafts and clubs, hockey sticks, fishing rods, and others), reinforcement (carbon fiber, glass fiber, and other), resin (epoxy, polyamide, and other), process (prepreg layup, infusion, filament winding, wet layup, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?