Global Sports Composites Market Overview And Prospects – Includes Sports Composites Market Size
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The global sports composites market is expected to grow from $3.01 billion in 2021 to $3.25 billion in 2022 at a compound annual growth rate (CAGR) of 8%. The global sports composites market size is expected to reach $4.11 billion in 2026 at a CAGR of 6.1%.
The rising sports industry is expected to propel the growth of the sports composites market going forward.
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The sports composite market consists of sales of sports composites by entities (organizations, sole traders, and partnerships) that are used to upgrade sports equipment and protect athletes from injury. Sports composites are fibers that are used to improve the strength of sports equipment, decrease its weight, and reduce its cost. Composites reduce the weight of the helmet that protects motorcyclists. They are majorly used in badminton rackets, motorcycles, bicycles, among others.
Global Sports Composites Market Segments Include:
By Fiber: Carbon, Glass, Other Fibers
By Resin Type: Epoxy, Polyamide, Polyurethane, Polypropylene
By Application: Golf Sticks, Rackets, Bicycles, Hockey Sticks, Skis and Snowboards
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global sports composites market in 2021.
Technological advancements have emerged as a key trend gaining popularity in the sports composite market. Major companies operating in the sports composites sector are focused on introducing new technological products to sustain their position.
TBRC’s Sports Composites Market Report Covers:
Major Market Players: Ficher Sports, Topkey Corporation, Toray Industries, Teijin Ltd., Hexion Inc., SGL Carbon SE, Fujikura Composites, Callway Golf, True Temper, Prokennex, Newell Brands, Sree Industrial Composite Products, EPP Composites, and Bucci Composites.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Sports Composites Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides sports composites market overviews, analyzes and forecasts market size, share, sports composites market players, sports composites market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s sports composites market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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