The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

A Strong Growth Trajectory

The sports composites market has witnessed robust expansion in recent years, characterized by the following:

• Market size projected to rise from $3.54 billion in 2023 to $3.81 billion in 2024.
• Compound Annual Growth Rate (CAGR) at a notable 7.6%.
• Forecast predicts further growth to $5.14 billion by 2028, boasting a 7.7% CAGR.

Fueling Expansion Through Sports Industry Growth

The Role of the Sports Industry

• The burgeoning sports industry drives demand for lightweight sports equipment.
• Investments in the sports sector, such as those in India, surged by 62% in 2021, according to GroupM ESP.
• Rising media spending on sports like cricket underscores the industry’s growth trajectory.

Read The Full Sports Composites Market Report Here:
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Key Players and Product Innovation

Revolutionizing the Market Through Innovation

• Product innovation emerges as a pivotal trend in the sports composites market.
• Companies like Teijin Ltd. introduce advanced carbon fiber materials like Tenax PW and Tenax BM for sports applications.
• Strategic acquisitions, such as Kordsa’s majority share acquisition of Microtex Composites, aim to diversify product offerings and expand client base.

Segmentation and Market Insights

The sports composites market is segmented based on fiber, resin type, and application:

1. Fiber: Carbon, Glass, Other Fibers
2. Resin Type: Epoxy, Polyamide, Polyurethane, Polypropylene
3. Application: Golf Sticks, Rackets, Bicycles, Hockey Sticks, Skis and Snowboards

• North America leads the market in 2023, with Asia-Pacific poised for significant growth in the forecast period.

Anticipating Future Trends

• Material Advancements: Continual research drives advancements in composite materials.
• Customization: Tailoring products to meet specific performance and design requirements.
• Innovative Manufacturing Technologies: Adoption of cutting-edge manufacturing processes for enhanced efficiency and quality.

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The Sports Composites Global Market Report 2024  provides an overview of the sports composites market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The sports composites market forecast analyzes sports composites market size, sports composites market share, leading competitor and their market positions.

The Table Of Content For The Sports Composites Market Include:

1. Sports Composites Market Executive Summary
2. Sports Composites Market Segments
3. Sports Composites Market Size And Sports Composites Market Growth Rate
4. Key Sports Composites Market Trends
5. Major Sports Composites Market Drivers
……
25. Key Mergers And Acquisitions In The Sports Composites Market
26. Top Sports Composites Companies
27. Sports Composites Market Opportunities And Strategies
28. Sports Composites Market, Conclusions And Recommendations
29. Appendix

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