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Sports Composites Market Report Scope & Overview:

The Sports Composites Market Size was valued at USD 4.58 billion in 2023 and is expected to reach USD 6.73 billion by 2031 and grow at a CAGR of 5.0% over the forecast period 2024-2031.

Sports composites are made of materials that are stronger, lighter, and last longer than regular materials. They combine the properties of plastics with those of natural fibres like carbon fibre or glass fibre in a way that makes them better than the parts they are made of on their own. Most of the time, sports composites are used to make golf clubs, ski poles, paddles, and snowboards.  They have also found use in furniture like chairs, tables, stools, boats, musical instruments including guitars and drums, rifle stocks & other accessories related to guns like scopes and hunting knives, etc., bicycle framesets, helmets for sports persons on motorcycles, karts racing cars (CART), etc.

Sports Composites Market Revenue Analysis

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Market Dynamics:

Drivers:

  • More and more sports equipment needs materials that are light.

  • Better performance and less weight

Restraints:

  • Costs of raw materials and other materials are going up

  • Prices for glass fibre are going up

Opportunity:

  • New uses for composites in sports goods have led to a rise in demand for them

Challenge:

  • Things to do with recycling

Impact of COVID-19:

Because of the COVID-19 pandemic, there has been a global lockdown and almost a standstill in business and the economy. Several industries have been hurt badly, and their supply chains have been messed up. Low demand has had a big effect on the market, which has caused manufacturers to cut back on production. The bans on trade and travel around the world have also slowed down the supply chain.

Sports equipment sales have been going down because events and international games have been cancelled. Travel and trade restrictions also made it hard for manufacturers to keep up with orders they already had. So, it was a big challenge for the sports composites market to keep supply chains running smoothly during the COVID-19 pandemic.

Market Segmentation:

By Resin Type

  • Polyurethane

  • Epoxy

  • Polyamide

  • Polypropylene

  • Others

By Fiber Type

By Application

  • Golf sticks

  • Hockey sticks

  • Racquets

  • Bicycles

  • Skies and Snowboards

  • Windsurfing masts and boards

  • Others

Sports Composites Market Segment Analysis

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Regional Analysis:

In 2023, North America had a revenue share of about 30% of the total sports composites market. This was because more technological advances led to more use of composites in sports equipment like lacrosse and polo sticks. During the forecast period, market growth is expected to be helped by the growing demand for artificial turf for sports like basketball, golf, and American football. In 2023, Europe had a large share of the market. This high share is because there are a lot of manufacturers, which makes it easier to find products at prices that are competitive. By 2030, growth is also expected to be helped by countries like France and Germany becoming more interested in tennis and hockey.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Key Players:

Rossignol, Ficher Sports, Amer Sports, Fujikura Composites, True Temper, Newell Brands, Topkey Corporation, Callway Golf, ALDILA, Inc., Prokennex, and Other Players.

Rossignol-Company Financial Analysis

Sports Composites Market Report Scope:
Report Attributes Details
Market Size in 2023 US$ 4.58 Billion
Market Size by 2031 US$ 6.73 Billion
CAGR CAGR of 5.0% From 2024 to 2031
Base Year 2023
Forecast Period 2024-2031
Historical Data 2020-2022
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Resin Type (Polyurethane, Epoxy, Polyamide, Polypropylene, Others)
• By Fiber Type (Carbon fiber, Glass fiber, Boron fiber, Others)
• By Application (Golf sticks, Hockey sticks, Racquets, Bicycles, Skies and Snowboards, Windsurfing masts and boards, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Rossignol, Ficher Sports, Amer Sports, Fujikura Composites, True Temper, Newell Brands, Topkey Corporation, Callway Golf, ALDILA, Inc., Prokennex, and Other Players.
DRIVERS • More and more sports equipment needs materials that are light.
• Better performance and less weight
Restraints • Costs of raw materials and other materials are going up.
• Prices for glass fibre are going up.

Frequently Asked Questions

Ans: Primary or secondary type of research done by this reports.

Ans: New uses for composites in sports goods have led to a rise in demand for them are the opportunity for Sports Composites Market.

Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.

 

Ans: Because of the COVID-19 pandemic, there has been a global lockdown and almost a standstill in business and the economy. Several industries have been hurt badly, and their supply chains have been messed up. Low demand has had a big effect on the market, which has caused manufacturers to cut back on production. The bans on trade and travel around the world have also slowed down the supply chain.

 

Ans: Sports Composites Market Size was valued at USD 4.58 billion in 2023 and is expected to reach USD 6.73 billion by 2031, and grow at a CAGR of 5.0% over the forecast period 2024-2031.

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7.  PEST Analysis

8.Sports Composites Market Segment, By Resin Type

8.1 mPolyurethane

8.2 Epoxy

8.3 Polyamide

8.4 Polypropylene

8.5 Others

9.Sports Composites Market Segment, By Fiber Type

9.1 Carbon fiber

9.2 Glass fiber

9.3 Boron fiber

9.4 Others

10.Sports Composites Market Segment, By Application

10.1 Golf sticks

10.2 Hockey sticks

10.3 Racquets

10.4 Bicycles

10.5 Skies and Snowboards

10.6 Windsurfing masts and boards

10.7 Others

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

12. Company Profile

12.1  Prokennex (Taiwan)

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 Rossignol (France)

12.3 Ficher Sports (Austria)

12.4 Amer Sports (Finland)

12.5 Fujikura Composites (Japan)

12.6 True Temper (US)

12.7 Newell Brands (US)

12.8 Topkey Corporation (Taiwan)

12.9 Callway Golf (US)

12.11 ALDILA, Inc. (US)

13 Competitive Landscape

13.1 Competitive Benchmark

13.2 Market Share Analysis

13.3 Recent Developments

14. Conclusion

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Secondary Research

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Primary Research

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Data Bank Validation

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