Market Size of Sports Composites Industry
| Study Period | 2019 - 2029 |
| Market Volume (2024) | 1.01 Million tons |
| Market Volume (2029) | 1.24 Million tons |
| CAGR (2024 - 2029) | 4.11 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia-Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Sports Composites Market Analysis
The Sports Composites Market size is estimated at 1.01 Million tons in 2024, and is expected to reach 1.24 Million tons by 2029, growing at a CAGR of 4.11% during the forecast period (2024-2029).
Due to the COVID-19 outbreak, nationwide lockdowns around the globe, disruption in manufacturing activities and supply chains, and production halts impacted the market in 2020. However, the conditions started recovering in 2021, restoring the market's growth trajectory during the forecast period.
- The major factor driving the market studied is the increasing demand for lightweight and high-performance sports equipment and the growing golf industry during the forecast period.
- On the flip side, unfavorable conditions arising due to the high manufacturing cost of carbon fibers hinder the market's growth.
- The growing application of new energy composites in sports equipment will likely provide new growth opportunities for the market.
- Asia-Pacific region is expected to dominate the global sports composites market during the forecast period.
