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How has the sports composites market grown over the years?

In the last few years, the sports composites market has seen robust expansion. The market is expected to escalate from $3.79 billion in 2024 to $4.07 billion in 2025, with a compound annual growth rate (CAGR) of 7.6%. Factors such as weight reduction, high strength-to-weight ratio, and heightened participation in sports have contributed to the substantial growth witnessed during the historical period.

What Is the forecasted market size and growth rate for the sports composites market?

Anticipated to witness robust growth in the coming years, the sports composites market size is projected to reach $5.64 billion by 2029, growing at a compound annual growth rate (CAGR) of 8.5%. The predicted growth within the forecast period can be linked to the escalating demand for carbon fiber composites, emphasis on sustainable practices, emerging trends in the sports sector, and increased investment in sports. The forecast period will also likely observe significant trends such as advancements in materials, customization and innovation in manufacturing technologies.

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What are the major factors driving growth in the sports composites market?

The increased interest in cycling is projected to accelerate the expansion of the sports composites market. The surge in cycling’s appeal can be linked to its health advantages, environmental consciousness, and its growing acceptance as a sustainable form of transport, coupled with an increasing interest in fitness and recreational pursuits. Sports composites contribute to cycling by diminishing the weight of bicycles whilst enhancing their robustness, lifespan, and aerodynamic efficiency, allowing cyclists to reach greater velocities with better efficiency and comfort. For example, data from GOV.UK, a UK-based government service and information provider, in August 2024 reported that in 2023, the total number of cycling stages completed by individuals in England was 0.9 billion. On average, an individual completed 15 cycling trips and 16 cycling stages, travelling a distance of 47 miles. Hence, the escalating interest in cycling is propelling the growth of the sports composites market.

What key areas define the segmentation of the global sports composites Market?

The sports composites market covered in this report is segmented –

1) By Fiber: Carbon, Glass, Other Fibers

2) By Resin Type: Epoxy, Polyamide, Polyurethane, Polypropylene

3) By Application: Golf Sticks, Rackets, Bicycles, Hockey Sticks, Skis And Snowboards

Subsegments:

1) By Carbon: High-Modulus Carbon Fibers, Intermediate-Modulus Carbon Fibers, Low-Modulus Carbon Fibers

2) By Glass: E-Glass Fibers, S-Glass Fibers

3) By Other Fibers: Aramid Fibers, Natural Fibers, Basalt Fibers

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What are the top market players propelling the growth of the sports composites industry?

Major companies operating in the sports composites market include Fischer Sports GmbH, Callaway legally Topgolf Callaway Brands Corp., Skis Rossignol S. A., Rockman Cycles limited, Rock West Composites Inc., Mitsubishi Chemical Carbon Fiber and Composites Inc., Jarden Corporation, Hexcel Corporation, Exel Composites Oyj, EPSILON Composite SA, Du Pont De Nemours Inc., Dexcraft Sp. z o. o., Composite Technology Development Inc., Composite Horizons LLC, Composite Engineering Inc., Composite Advantage LLC, Celanese Corporation, Carbon Composites e. V., Amer Sports, ALDILA Inc., Fiberon LLC,True Temper Sports, Toray Industries Inc., Topkey Corporation, Teijin Limited, SGL Carbon Pvt. Ltd., ProKennex, Newell Brands Inc., Hexion Inc., Fujikura Composites Inc.,

What are the key trends shaping the future of the sports composites market?

A rising trend in the sports composite market is product innovation. Several leading firms in this sector are introducing cutting-edge products to maintain their competitive edge. As an illustration, SGL Carbon, a company based in Germany that manufactures carbon and graphite products, launched the SIGRAFIL C T50-4.9/235 carbon fiber in March 2023. This fiber is designed for applications needing high strength and fiber elongation, primarily targeted at pressure vessels for hydrogen storage in fuel cell vehicles. Nevertheless, it also holds promising potential for the sports industry, especially in crafting equipment that benefits from both lightweight and strong materials.

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What regions are dominating the sports composites market growth?

North America was the largest region in the sports composites market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the sports composites market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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