Sports Composites Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Market is Segmented by Material Type (Glass, Carbon, and Others), Resin Type (Epoxy, Polyamide, Polyurethane, and Others), Application (Golf Shafts, Hockey Sticks, Rackets, Bicycle, Skis and Snowboards, and Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa)

Market Snapshot

Sports Composites Market - Summary
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: >4 %

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Market Overview

The global market for sports composites is expected to register a CAGR of over 4% during the forecast period. The major factor driving the market studied is the increasing demand for lightweight and high-performance sports equipment during the forecast period. On the flip side, unfavorable conditions arising due to the COVID-19 outbreak is hindering the growth of the market.

  • Golf shafts application is expected to dominate the sports composites market over the forecast period.
  • North America region is expected to dominate the global sports composites market during the forecast period.

Scope of the Report

The Sports Composites market report includes:

Material Type
Glass
Carbon
Others
Resin Type
Epoxy
Polyamide
Polyurethane
Others
Application
Golf Shafts
Hockey Sticks
Rackets
Bicycle
Skis and Snowboards
Others
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Increasing Demand for Golf Shafts

  • Sports composites are two or more chemically distinct materials combined with having improved properties.
  • Golf shafts are manufactured from a wide variety of materials, including composites. Usage of carbon fiber reinforced materials made golf shafts much lighter in weight than a metal rod.
  • According to the National Golf Foundation, more than 35% of the population over the age of 5 in the United States either played, watched, or read about golf in 2019.
  • Moreover, 2.6 million people played golf for recreation in the United States for the first time in 2018, representing the highest figure till date.
  • Additionally, increasing tournaments for golf and also the upcoming 2020 Summer Olympic Games in Tokyo are also providing opportunities for the golf.
  • Therefore, the growing interest in golf among people has been boosting the demand for golf shafts, which is further propelling the demand for the market studied.
Sports Composites Market Revenue Share

North America Region to Dominate the Market

  • North America region is expected to dominate the global sports composites market during the forecast period.
  • The sports industry has been growing at a significant rate in recent times, owing to high competition, media sponsorships, increased social awareness, among others.
  • According to the National Golf Foundation, golf is one of the biggest recreational sports in the United States in recent times.
  • Additionally, according to the Sports & Fitness Industry Association, government and private organizations are spending more money on golf shafts in the country.
  • Other than golf, hockey is also one of the popular sports in the region. An increasing number of college hockey programs are also boosting the number of hockey players in recent times.
  • Therefore, the demand for sports equipment, such as golf shafts, hockey sticks, rackets, and bicycles, among others, is expected to grow in recent times, which further has been boosting the demand for the market studied in the region.
Sports Composites Market Regional Trends

Competitive Landscape

The global sports composites market is partially consolidated in nature. The major companies are Dupont, SGL Carbon, Rock West Composites, Topkey, and Fujikura Composites Inc., among others.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Demand for Lightweight and High-performance Sports Equipment

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Unfavorable Conditions Arising Due to COVID-19 Outbreak

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Material Type

      1. 5.1.1 Glass

      2. 5.1.2 Carbon

      3. 5.1.3 Others

    2. 5.2 Resin Type

      1. 5.2.1 Epoxy

      2. 5.2.2 Polyamide

      3. 5.2.3 Polyurethane

      4. 5.2.4 Others

    3. 5.3 Application

      1. 5.3.1 Golf Shafts

      2. 5.3.2 Hockey Sticks

      3. 5.3.3 Rackets

      4. 5.3.4 Bicycle

      5. 5.3.5 Skis and Snowboards

      6. 5.3.6 Others

    4. 5.4 Geography

      1. 5.4.1 Asia-Pacific

        1. 5.4.1.1 China

        2. 5.4.1.2 India

        3. 5.4.1.3 Japan

        4. 5.4.1.4 South Korea

        5. 5.4.1.5 Rest of Asia-Pacific

      2. 5.4.2 North America

        1. 5.4.2.1 United States

        2. 5.4.2.2 Canada

        3. 5.4.2.3 Mexico

      3. 5.4.3 Europe

        1. 5.4.3.1 Germany

        2. 5.4.3.2 United Kingdom

        3. 5.4.3.3 Italy

        4. 5.4.3.4 France

        5. 5.4.3.5 Rest of Europe

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle-East and Africa

        1. 5.4.5.1 Saudi Arabia

        2. 5.4.5.2 South Africa

        3. 5.4.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%)/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Aldila Inc. (Mitsubishi Chemical Corporation)

      2. 6.4.2 Amer Sports.

      3. 6.4.3 Dupont

      4. 6.4.4 Fischer Sports GmbH

      5. 6.4.5 Group Rossignol USA Inc.

      6. 6.4.6 Fujikura Composites Inc.

      7. 6.4.7 Rock West Composites

      8. 6.4.8 SGL Carbon

      9. 6.4.9 Topkey

      10. 6.4.10 TORAY INDUSTRIES INC.

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Growing Demand for Glass Fiber Composites in the Manufacturing of Sporting Goods

    2. 7.2 Other Opportunities

**Subject to Availability

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Frequently Asked Questions

The Sports Composites Market market is studied from 2016 - 2026.

The Sports Composites Market is growing at a CAGR of >4% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Dupont, SGL Carbon, Rock West Composites, Topkey, Fujikura Composites Inc. are the major companies operating in Sports Composites Market.

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