According to the recent study the composites in the global sporting goods market is projected to reach an estimated $1,526 million by 2030from $767.7 million in 2023, at a CAGR of 10.0% from 2023 to 2030. Growth in this market is primarily driven by increasing use of lightweight and high-performance materials in sports equipment.
Browse 110 figures / charts and 88 tables in this 183 -page report to understand trends, opportunities and forecast in 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).
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.
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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.
Major players of composites in the global sporting goods market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Mitsubishi Rayon Corporation Limited, Toray Industries Inc., Toho Tenax, Hexcel Corporation, SGL Group, and Cytec Solvay Group are among the major composites in the global sporting goods providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]
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