Sports Composites Market - Forecast(2024 - 2030)

Report Code: CMR 66757 Report Format: PDF + Excel

Sports Composites Market Overview

The Sports Composites Market size is projected to reach US$5.9 billion by 2027, after growing at a CAGR of 4.5% during the forecast period 2022-2027. Composites such as epoxy, polyamide, carbon fiber, metals and more are effective at absorbing shock. These materials are strong for their weight and can be used for a variety of design requirements. Recent developments in fiber-based composites allow for design flexibility, simple processing, lightweight sporting equipment and excellent durability. The surging technological launches related to bicycles are the primary factor driving the Sports Composites Market growth. However, in 2021, the Covid-19 pandemic impacted the supply chain, which resulted in a halt in production activities related to sports equipment. This factor restricted the growth of the sports composites industry. In 2021, the resurgence in sports manufacturing spurred the growth of the sports composites industry. Moreover, the surging adoption of golf sticks is fueling the demand for sports composites. This, in turn, is propelling the Sports Composites Market size growth.

Report Coverage 

The report: "Sports Composites Market ReportForecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Sports Composites Market. 

By Product Type: Polymers (Thermoplastic (Polyethylene, Polystyrene, Polyamide, Carbon fiber, Polypropylene and Others) and Thermoset (Epoxy, Vinyl Ester, Polyester, Phenolic Polyamide and Others), Metal (Titanium, Magnesium, Aluminum and Others), Carbon, Graphite and Others.
By Fibers: Natural (Animal, Vegetable, Mineral and Others) and Advanced (Glass, Carbon, Ceramic and Others).
By Additives & Fillers: Additives (Pigments & Colorants, Fire Retardants, Suppressants, UV Inhibitors & Stabilizers and Others) and Fillers (Calcium carbonate, Kaolin and Others).
By Technology: Injection Molding, Compression Molding, Pultrusion, Filament Winding, Layup and Others. 
By Application: Golf Sticks, Hockey Sticks, Racquets, Bicycles, Skies and Snowboards, Windsurfing Masts and Boards and Others.
By Geography: North America (the USA, Canada and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and Rest of South America), Rest of the World [Middle East (Saudi Arabia, UAE, Israel and Rest of Middle East) and Africa (South Africa, Nigeria and Rest of Africa)].

Key Takeaways 

  • North America dominated the Sports Composites Market, owing to the growing golf events in the region. For instance, the Master's Golf Event was conducted in April 2022 in the U.S. 
  • The surging technological launches related to lightweight sports composites such as carbon fiber, polymers and more are proliferating the Sports Composites Market growth. 
  • Moreover, the ongoing research and development related to sports composites will create an opportunity for market growth in the coming years. 
  • However, the recycling issues related to Sports Composites will pose a challenge for the market growth during the forecast period of 2022-2027.

Figure: Sports Composites Market Revenue Share, By Geography, 2021 (%)

Sports Composites Market

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Sports Composites Market Segment Analysis – By Product Type 

The polymers segment held the largest Sports Composites Market share in 2021 and is projected to grow at a CAGR of 4.6% during the forecast period 2022-2027. Polymers like polyamide have characteristics including being lightweight, robust, resistant to corrosion and having superior energy transmission. The polymers such as polyamide, epoxy and more are utilized in the blade of an ice hockey stick to ensure protection when it is taped, keeping the stick lightweight and reducing the impact of impacts during play. Additionally, polyurethane is frequently used in a variety of industries to make hockey and polo sticks, court flooring and artificial turf for playing. Thus, owing to the above-mentioned properties of polymers, their adoption is surging in the sports industry. This factor is accelerating the Sports Composites Market growth. 

Sports Composites Market Segment Analysis – By Application 

The bicycles segment held the largest Sports Composites Market share in 2021 and is expected to grow at a CAGR of 5.5% during the forecast period 2022-2027. Sports composites like polymers, carbon fiber and others are used in bicycles to reduce weight, which makes them easier for riders to manage and lowers their cost. The increasing demand for lightweight bicycles for sports and leisure activities is the key reason for the development of bicycles with superior composites. For instance, in January 2020, REIN4CED and Accell Group created a partnership to automate the production of premium carbon fiber bicycle frames for Accell Group. Germany, Spain, Austria, Switzerland, Italy and the Czech Republic will be the first countries to receive the first hardtail mountain bikes equipped with the new technology for Accell's brand Ghost in mid-2020. In Belgium, REIN4CED established a completely new automated production facility. Hence, the development of new bicycles made from composites is fueling the demand for sports composites. As a result, the Sports Composites Market is growing.

Sports Composites Market Segment Analysis – By Geography 

North America is the dominating region as it held the largest Sports Composites Market share in 2021 up to 35%. The surging adoption of a healthy lifestyle, improving fitness consciousness and others are the crucial variables fueling the surge in the adoption of bicycles in the North American region. Bicycle manufacturers based in North America are launching new products with a focus on incorporating sports composites to reduce bicycle weight. For instance, in April 2022, PNW Components, headquartered in the US unveiled their brand-new Range Pedal, a composite flat pedal that offers riders comfort, grip and affordability with no compromises. The Range Pedal is made of nylon composite material and is intended for everyday trail rides. A tapered base gives room to prevent pedal hits. Also, in March 2022, OvareVentures, based in the USA invested in Toronto-based BRIDGE Bike Works, a producer of carbon fiber bicycles, to expand its portfolio of outdoor and active brands. During the pandemic, bike sales increased by up to 120 percent as consumer expectations shifted in favor of locally produced goods. Therefore, the surging innovations related to bicycles in North America are boosting the demand for sports composites. This, in turn, is bolstering the Sports Composites Market size growth.

Sports Composites Market Drivers 

Increasing Adoption of Lightweight Composites 

The primary reasons for using composites in sports equipment have always been their increased efficiency and reduced weight, which improve athletic performance and reduce the risk of injury. Additionally, when compared to other conventional materials like titanium, alloy, high tensile strength steels and others, composites have excellent strength-to-weight characteristics. This aids in the development of increasingly effective and diverse designs. For instance, in July 2020, Areva, a Silicon Valley-based business based in the USA launched a unibody 3D-printed bicycle. The two bikes Superstrata Terra and Superstrata Ion, introduced under its newly founded brand Superstrata, are hailed as the first 3D printed unibody bikes made with industrial-grade carbon fiber composite material. The Superstrata Ion is a light e-bike with a 250W motor, while the Superstrata Terra is a light bicycle designed for different riding styles. Thus, the surging adoption of lightweight composites in sports equipment such as bicycles is driving the market growth. 

Surging Demand from Golfing Application 

Sports Composites such as graphite, titanium and high tensile strength steels are frequently used in the production of golf shafts. Swing and striking are the two crucial factors that affect the selection of shaft materials for the development of the golf shaft and club performance. The surge in golfing activities and upcoming golfing events are the primary factors fueling the technological advancements related to the golf shafts. In January 2021, Mitsubishi Chemical has expanded the options available to golfers with the development of the ALDILA ASCENT and ALDILA ASCENT Ultralight series shafts, which use cutting-edge composites to improve shot quality while minimizing ball spin. In addition, the golf competition will take place in Paris, France, during the 2024 Summer Olympics. As a result, demand for golfing equipment will increase. Therefore, the surging demand for sports composites from golfing activities is aiding the market growth. 

Sports Composites Market Challenge

Recycling Concerns of Sports Composites 

Sports composites are utilized in sports equipment to lighten objects and improve performance. The difficulties involved with recycling composites, however, are one of the largest issues facing composite manufacturers. Landfills are where most composite materials are disposed of. However, composite waste disposal is not an eco-friendly solution. Composite waste disposal is prohibited in the European Union (EU). For instance, the Department of Commerce of the United States of America estimates that the global market for composite recycling in 2019 is approximately 1.5%. Glass fiber reinforced composites can be difficult to recycle, despite the strong drive toward recycling. Thus, such recycling issues related to sports composites may restrict the sports composites industry growth during the projected forecast period of 2022-2027.

Sports Composites Industry Outlook 

Technology launches, acquisitions and increased R&D activities are key strategies adopted by players in the Sports Composites Market. The top 10 companies in the Sports Composites Market are: 

  1. Aldila, Inc. 
  2. Amer Sports Oyj 
  3. E.I. DuPont de Nemours, Inc. 
  4. Entropy Resins, Inc. 
  5. Fischer Sports GmbH 
  6. Hexion Inc. 
  7. Protech Composites 
  8. Rockwood Composites Ltd. 
  9. Saint-Gobain Vetrotex 
  10. SGL Carbon SE 

Recent Developments 

In June 2022, LANXESS launched a new sustainable product variant to the range of the Tepex composite. This product can be utilized in the sports industry.
In March 2021, Teijin launched two new brands of carbon fiber intermediate materials for sporting uses named Tenax PW (power series) and Tenax BM (beam series). The objective of this launch was to expand its market share in the sports composite market.
IN January 2021, SGL Carbon begin a US$4.5 million expansion project at its Arkadelphia, AR facility to increase its capacity for carbon composites. By the end of the year, the expansion should be operational. In Europe, Asia and North America, SGL Carbon runs 31 production plants. It is anticipated that this increase will accelerate the demand for sports composites. 
1. Sports Composites Market - Overview
    1.1 Definitions and Scope
2. Sports Composites Market - Executive Summary
    2.1 Key Trends by Product Type
    2.2 Key Trends by Fiber
    2.3 Key Trends by Additives & Fillers
    2.4 Key Trends by Technology
    2.5 Key Trends by Application
    2.6 Key Trends by Geography
3. Sports Composites Market – Comparative analysis
    3.1 Market Share Analysis - Major Companies
    3.2 Product Benchmarking - Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis - Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Sports Composites Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Sports Composites Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Sports Composites Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porter's Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Sports Composites Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Sports Composites Market - by Product Type (Market Size – US$ Million/Billion)
    8.1 Polymers 
        8.1.1 Thermoplastic
            8.1.1.1 Polyethylene
            8.1.1.2 Polystyrene
            8.1.1.3 Polyamide
            8.1.1.4 Polyurethane
            8.1.1.5 Polypropylene
            8.1.1.6 Others
        8.1.2 Thermoset
            8.1.2.1 Epoxy
            8.1.2.2 vinyl ester
            8.1.2.3 Polyester
            8.1.2.4 Phenolic Polyamide
            8.1.2.5 Others
    8.2 Metal
        8.2.1 Titanium
        8.2.2 Magnesium
        8.2.3 Aluminum
        8.2.4 Others
    8.3 Carbon
    8.4 Graphite
    8.5 Others
9. Sports Composites Market - by Fiber (Market Size - US$ Million/Billion)
    9.1 Natural
        9.1.1 Animal
        9.1.2 Vegetable
        9.1.3 Mineral
        9.1.4 Others
    9.2 Advanced
        9.2.1 Glass
        9.2.2 Carbon
        9.2.3 Ceramic
        9.2.4 Others
10. Sports Composites Market - by Additives & Fillers (Market Size - US$ Million/Billion)
    10.1 Additives
        10.1.1 Pigments & Colorants
        10.1.2 Fire Retardants
        10.1.3 Suppressants
        10.1.4 UV Inhibitors & Stabilizers
        10.1.5 Others
    10.2 Fillers
        10.2.1 Calcium carbonate
        10.2.2 Kaolin
        10.2.3 Others
11. Sports Composites Market - by Technology (Market Size - US$ Million/Billion) 
    11.1 Injection Molding
    11.2 Compression Molding
    11.3 Pultrusion
    11.4 Filament Winding
    11.5 Layup
    11.6 Others
12. Sports Composites Market - by Application (Market Size - US$ Million/Billion)
    12.1 Golf sticks
    12.2 Hockey sticks
    12.3 Racquets
    12.4 Bicycles
    12.5 Skies and Snowboards 
    12.6 Windsurfing Masts and Boards
    12.7 Others
13. Sports Composites Market - by Geography (Market Size - US$ Million/Billion)
    13.1 North America
        13.1.1 the USA
        13.1.2 Canada
        13.1.3 Mexico
    13.2 Europe
        13.2.1 the UK
        13.2.2 Germany
        13.2.3 France
        13.2.4 Italy
        13.2.5 the Netherlands
        13.2.6 Spain
        13.2.7 Russia
        13.2.8 Belgium
        13.2.9 Rest of Europe
    13.3 Asia-Pacific
        13.3.1 China
        13.3.2 Japan
        13.3.3 India
        13.3.4 South Korea
        13.3.5 Australia and New Zealand
        13.3.6 Indonesia
        13.3.7 Taiwan
        13.3.8 Malaysia
        13.3.9 Rest of APAC
    13.4 South America
        13.4.1 Brazil
        13.4.2 Argentina
        13.4.3 Colombia
        13.4.4 Chile
        13.4.5 Rest of South America
    13.5 Rest of the World
        13.5.1 the Middle East
            13.5.1.1 Saudi Arabia
            13.5.1.2 UAE
            13.5.1.3 Israel
            13.5.1.4 Rest of the Middle East
        13.5.2 Africa
            13.5.2.1 South Africa
            13.5.2.2 Nigeria
            13.5.2.3 Rest of Africa
14. Sports Composites Market – Entropy
    14.1 New Product Launches
    14.2 M&As, Collaborations, JVs and Partnerships
15. Sports Composites Market – Industry / Segment Competition landscape Premium Premium
    15.1 Company Benchmarking Matrix – Major Companies
    15.2 Market Share at Global Level - Major companies
    15.3 Market Share by Key Region - Major companies
    15.4 Market Share by Key Country - Major companies
    15.5 Market Share by Key End-use Industry Industry - Major companies
    15.6 Market Share by Key Product Type/Product category- Major companies
16. Sports Composites Market – Key Company List by Country Premium Premium
17. Sports Composites Market Company Analysis - Business Overview, Product Portfolio, Financials and Developments
    17.1 Company 1
    17.2 Company 2
    17.3 Company 3
    17.4 Company 4
    17.5 Company 5
    17.6 Company 6
    17.7 Company 7
    17.8 Company 8
    17.9 Company 9
    17.10 Company 10
* "Financials would be provided to private companies on best-efforts basis."
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LIST OF TABLES

1.Global Sports Composites Market By Resin Type Market 2019-2024 ($M)
1.1 Epoxy Resin Market 2019-2024 ($M) - Global Industry Research
1.2 Polyamide Resin Market 2019-2024 ($M) - Global Industry Research
1.3 Polyurethane Resin Market 2019-2024 ($M) - Global Industry Research
1.4 Polypropylene Resin Market 2019-2024 ($M) - Global Industry Research
2.Global Sports Composites Market By Fiber Type Market 2019-2024 ($M)
2.1 Carbon Fiber Market 2019-2024 ($M) - Global Industry Research
2.2 Glass Fiber Market 2019-2024 ($M) - Global Industry Research
3.Global Sports Composites Market By Resin Type Market 2019-2024 (Volume/Units)
3.1 Epoxy Resin Market 2019-2024 (Volume/Units) - Global Industry Research
3.2 Polyamide Resin Market 2019-2024 (Volume/Units) - Global Industry Research
3.3 Polyurethane Resin Market 2019-2024 (Volume/Units) - Global Industry Research
3.4 Polypropylene Resin Market 2019-2024 (Volume/Units) - Global Industry Research
4.Global Sports Composites Market By Fiber Type Market 2019-2024 (Volume/Units)
4.1 Carbon Fiber Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Glass Fiber Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America Sports Composites Market By Resin Type Market 2019-2024 ($M)
5.1 Epoxy Resin Market 2019-2024 ($M) - Regional Industry Research
5.2 Polyamide Resin Market 2019-2024 ($M) - Regional Industry Research
5.3 Polyurethane Resin Market 2019-2024 ($M) - Regional Industry Research
5.4 Polypropylene Resin Market 2019-2024 ($M) - Regional Industry Research
6.North America Sports Composites Market By Fiber Type Market 2019-2024 ($M)
6.1 Carbon Fiber Market 2019-2024 ($M) - Regional Industry Research
6.2 Glass Fiber Market 2019-2024 ($M) - Regional Industry Research
7.South America Sports Composites Market By Resin Type Market 2019-2024 ($M)
7.1 Epoxy Resin Market 2019-2024 ($M) - Regional Industry Research
7.2 Polyamide Resin Market 2019-2024 ($M) - Regional Industry Research
7.3 Polyurethane Resin Market 2019-2024 ($M) - Regional Industry Research
7.4 Polypropylene Resin Market 2019-2024 ($M) - Regional Industry Research
8.South America Sports Composites Market By Fiber Type Market 2019-2024 ($M)
8.1 Carbon Fiber Market 2019-2024 ($M) - Regional Industry Research
8.2 Glass Fiber Market 2019-2024 ($M) - Regional Industry Research
9.Europe Sports Composites Market By Resin Type Market 2019-2024 ($M)
9.1 Epoxy Resin Market 2019-2024 ($M) - Regional Industry Research
9.2 Polyamide Resin Market 2019-2024 ($M) - Regional Industry Research
9.3 Polyurethane Resin Market 2019-2024 ($M) - Regional Industry Research
9.4 Polypropylene Resin Market 2019-2024 ($M) - Regional Industry Research
10.Europe Sports Composites Market By Fiber Type Market 2019-2024 ($M)
10.1 Carbon Fiber Market 2019-2024 ($M) - Regional Industry Research
10.2 Glass Fiber Market 2019-2024 ($M) - Regional Industry Research
11.APAC Sports Composites Market By Resin Type Market 2019-2024 ($M)
11.1 Epoxy Resin Market 2019-2024 ($M) - Regional Industry Research
11.2 Polyamide Resin Market 2019-2024 ($M) - Regional Industry Research
11.3 Polyurethane Resin Market 2019-2024 ($M) - Regional Industry Research
11.4 Polypropylene Resin Market 2019-2024 ($M) - Regional Industry Research
12.APAC Sports Composites Market By Fiber Type Market 2019-2024 ($M)
12.1 Carbon Fiber Market 2019-2024 ($M) - Regional Industry Research
12.2 Glass Fiber Market 2019-2024 ($M) - Regional Industry Research
13.MENA Sports Composites Market By Resin Type Market 2019-2024 ($M)
13.1 Epoxy Resin Market 2019-2024 ($M) - Regional Industry Research
13.2 Polyamide Resin Market 2019-2024 ($M) - Regional Industry Research
13.3 Polyurethane Resin Market 2019-2024 ($M) - Regional Industry Research
13.4 Polypropylene Resin Market 2019-2024 ($M) - Regional Industry Research
14.MENA Sports Composites Market By Fiber Type Market 2019-2024 ($M)
14.1 Carbon Fiber Market 2019-2024 ($M) - Regional Industry Research
14.2 Glass Fiber Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Sports Composites Market Revenue, 2019-2024 ($M)
2.Canada Sports Composites Market Revenue, 2019-2024 ($M)
3.Mexico Sports Composites Market Revenue, 2019-2024 ($M)
4.Brazil Sports Composites Market Revenue, 2019-2024 ($M)
5.Argentina Sports Composites Market Revenue, 2019-2024 ($M)
6.Peru Sports Composites Market Revenue, 2019-2024 ($M)
7.Colombia Sports Composites Market Revenue, 2019-2024 ($M)
8.Chile Sports Composites Market Revenue, 2019-2024 ($M)
9.Rest of South America Sports Composites Market Revenue, 2019-2024 ($M)
10.UK Sports Composites Market Revenue, 2019-2024 ($M)
11.Germany Sports Composites Market Revenue, 2019-2024 ($M)
12.France Sports Composites Market Revenue, 2019-2024 ($M)
13.Italy Sports Composites Market Revenue, 2019-2024 ($M)
14.Spain Sports Composites Market Revenue, 2019-2024 ($M)
15.Rest of Europe Sports Composites Market Revenue, 2019-2024 ($M)
16.China Sports Composites Market Revenue, 2019-2024 ($M)
17.India Sports Composites Market Revenue, 2019-2024 ($M)
18.Japan Sports Composites Market Revenue, 2019-2024 ($M)
19.South Korea Sports Composites Market Revenue, 2019-2024 ($M)
20.South Africa Sports Composites Market Revenue, 2019-2024 ($M)
21.North America Sports Composites By Application
22.South America Sports Composites By Application
23.Europe Sports Composites By Application
24.APAC Sports Composites By Application
25.MENA Sports Composites By Application
26.Composite-Based Sports & Recreation Goods Manufacturers:, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Composite-Based Sports & Recreation Goods Raw Material Suppliers:, Sales /Revenue, 2015-2018 ($Mn/$Bn)