Demand for Sports Composites Is Slated To Rise At A CAGR Of 5% By 2031
According to Fact.MR, a market research and competitive intelligence provider, the global sports composites market will grow at a 5% CAGR through 2031, reaching a valuation of US$ 4 billion. Growing demand for durable materials in the manufacturing of rackets, skis, and hoverboards is expected to drive market growth. Furthermore, the growing use of carbon fibre sports composites in the form of prepreg and textiles in a variety of sports applications is expected to boost demand.
The sports composites market was valued at nearly US$ 1.6 billion in 2016, with an expected 4% growth from 2016 to 2020. The increasing number of patents filed for composites-based sporting goods by global players, growing manufacturing industries, and continuous new product launches have all contributed to market growth over the years.
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Additionally, the use of natural fiber composites is also growing as more and more people are becoming environmentally conscious. Natural fiber composites are sustainable, biodegradable, and have similar properties as the traditional composites.
However, there are some challenges that need to be addressed in order to make composites more widely used in sports equipment. For example, the cost of composites can be higher than traditional materials and the recycling of composites is still a challenge.
Overall, the outlook for sports composites is positive as the demand for high-performance and durable sports equipment continues to grow and the industry continues to innovate and develop new composites. The use of composites in sports equipment is expected to continue growing in the future.
The major players covered in Sports Equipment Market research report are:
- Aldila
- Amer Sports
- Fisher Sports GmbH
- Jaden Corporation
- Rocinol
- Topkey Corporation
- DuPont
- hexion
- SGL
- Toray Industries
Key Market Segments Covered in Epoxy Resin-based Sports Composites Industry Analysis
- with resin
- Epoxy Resin Based Sports Composite Materials
- Polyamide resin-based sports composites
- Polyurethane Resin Based Sports Composite
- Polypropylene resin-based sports composites
- with fiber
- Carbon Fiber Sports Composite Materials
- Fiberglass Sports Composite Materials
- by application
- Sports Composite Materials for Golf Sticks
- Sports composites for racquets
- Sports composites for bicycle frames
- Sports composite material for hockey sticks
- Sports composites for skiing, snowboarding and kayaking
Insights for each vendor consist of:
- Company Profile
- SWOT analysis
- Key market information
- market share
- Revenue, price and gross margin
What insights does the Sports Equipment report give readers?
- Segmentation of sports equipment by product type, end use and region.
- Comprehensive assessment of upstream starting materials, downstream demand and current market environment.
- Collaboration, R&D projects, acquisitions and product launches of each sports equipment player.
- It details the various regulations of the government on the consumption of sports equipment.
- The impact of modern technologies such as big data and analytics, artificial intelligence, and social media platforms on global sports equipment.
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This report covers Sports Equipment Market insights and assessments such as: This is beneficial to all participants involved in the sports equipment market.
- Data on recently introduced regulations and their impact on key industries and demand for sports equipment
- Latest industry analysis of Sports Equipment market along with key analysis of market drivers, trends and influencing factors
- Analysis of key trends in the Sports Equipment market and changing consumer preferences in key industries.
- Changing demand for sports equipment and consumption of various products
- Key Trends Highlighting Funding by Leading Investors in Multiple Countries
- New investment opportunities in different technologies and types of products or services
- Comprehensive data and competitive analysis of major players in sports equipment
- US sports equipment market sales will grow at a steady pace, driven by growing consumer confidence and economic recovery.
- Europe’s sports equipment demand forecast remains stable as many countries such as the UK, France and Germany focus on boosting growth.
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The questions answered in the Sports Equipment Report are:
- How has the sports equipment market grown?
- What are the current and future prospects of the global sports equipment by region?
- What are the challenges and opportunities of sports equipment?
- Why is the consumption of sports equipment the highest in the region?
- Which year segment is expected to overtake the segment?
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