Report Scope & Overview:
Sports Composites Market Size was valued at USD 4.41 billion in 2022, and is expected to reach USD 6.51 billion by 2030, and grow at a CAGR of 5.0% over the forecast period 2023-2030. 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, and stools, etc., boats, musical instruments including guitars and drums, etc., rifle stocks & other accessories related to guns like scopes and hunting knives, etc., bicycle framesets, helmets for sportspersons on motorcycles, karts racing cars (CART), etc.
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.
Key Players:
Rossignol, Ficher Sports, Amer Sports, Fujikura Composites, True Temper, Newell Brands, Topkey Corporation, Callway Golf, ALDILA, Inc., Prokennex, and Other Players.
Market Segmentation:
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:
In 2019, 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 2019, 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 2027, 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
Report Attributes | Details |
---|---|
Market Size in 2022 | US$ 4.41 Billion |
Market Size by 2030 | US$ 6.51 Billion |
CAGR | CAGR of 5.0% From 2023 to 2030 |
Base Year | 2022 |
Forecast Period | 2023-2030 |
Historical Data | 2020-2021 |
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. |
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 4.2 billion in 2021, and expected to reach USD 5.90 billion by 2028, and grow at a CAGR of 5.0 % over the forecast period 2022-2028.
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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