Global Sports Composites Market Report Size, Trends & Growth Opportunity, By Material Type, By Resin Type, By Application, By Region and forecast till 2027
Report ID : QR1001376 | Industries : Semiconductors and Electronics | Published On :January 2022 | Page Count : 225Global Sports Composites Market
Composites are made of mixing two or more materials. These composites are upright in shock absorption, resulting in their use as raw material to manufacture sports equipment. These can be recycled, reused and importantly, these composites don’t release hazardous gases during processing. These materials have a high strength-to-weight ratio and the capacity to meet various design needs. Fiber-based composites are started newly that provide freedom for design, easy process-ability, light in weight, and high durability in sports equipment. The composites have varied applications in the sports sector.
Market Drivers
Amplified efficiency and low weight have always been the major drivers for utilizing composites in sports goods as they enhance athletic performance and lower the threat of injury.
Growing demand for durable materials for manufacturing golf shafts, rackets, skis and other sporting goods is expected to drive the sports composites market size during the forecast period.
The increasing usage of carbon fiber as a textile and prepreg in several sports applications is expected to stimulate demand.
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Market Restraints
Complications in recycling composites is a main restraining factor faced by composite manufacturers. Most of the composites used are disposed of at landfills.
Costs of raw and auxiliary materials have constantly increased during the first three quarters of 2021, along with enlarged freight and logistics costs and packaging costs which have resulted in a surge in the prices of resins. This is also a restraining factor for the market.
Market Segmentation
Sports Composites Market sis segmented into major 4 categories. Based on Material Type, the market is segmented into Glass, Carbon and others. Based on Resin Type, the market is segmented into Epoxy, Polyamide, Polyurethane and Others. Based on Application, the market is segmented into Golf Shafts, Hockey Sticks, Rackets, Bicycle, Skis and Snowboards and others. Based on region, the market is segmented into North America, Europe, APAC, Latin America and Middle east & Africa.
Regional Analysis
North America region is anticipated to rule the global sports composites market during the forecast period due to the National Golf Foundation, golf is one of the biggest recreational sports in the United States in recent times. Moreover, government and private organizations are spending more money on golf shafts in the country.
Europe held a significant share in the market in 2019. This high share is because of the presence large number of manufacturers, thereby, growing the availability of the products at competitive costs. Also, a higher inclination towards tennis and hockey in countries like France and Germany is projected to increase growth by 2027.
Market Key Players
Some of the key players operating in Global Sports Composites Market are Amer Sports Oyj, Aldila, Inc., Fujikura Composites, Inc., Fischer Sports GmbH, Toray Industries Inc., Jarden Composites, Hexion Inc., Dupont, Topkey Corporation, Rossignol.
Industry development
In January 2021, Amer Sports entered into an agreement with Peloton Interactive Inc. for the contemplated sale of Precor, the manufacturer of commercial fitness equipment with a significant manufacturing presence in the US.
In 2018, Toray Industries Inc. developed TORAYCA® MX Series carbon fibers with high tensile modulus and high compressive strength to introduce prepreg to a variety of applications.
In January 2021, SGL carbon revealed its plan to launch a USD 4.5 million expansion project at its Arkadelphia, AR plant with a plan to increase its capacity for carbon composites. The expansion is expected to become operational by the end of the year. SGL Carbon operates 31 production facilities in Europe, Asia, and North America. This expansion is expected to boost the growth of the sports composites market.
Global Sports Composites Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Sports Composites Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Sports Composites Market, By Material Type
5.1 Y-o-Y Growth Comparison, By Material Type
5.2 Sports Composites Market Share Analysis, By Material Type
5.3 Sports Composites Market Size and Forecast, By Material Type
5.3.1 Glass
5.3.2 Carbon
5.3.3 Others
6 Sports Composites Market, By Resin Type
6.1 Y-o-Y Growth Comparison, By Resin Type
6.2 Sports Composites Market Share Analysis, By Resin Type
6.3 Sports Composites Market Size and Forecast, By Resin Type
6.3.1 Epoxy
6.3.2 Polyamide
6.3.3 Polyurethane
6.3.4 Others
7 Sports Composites Market, By Application
7.1 Y-o-Y Growth Comparison, By Application
7.2 Sports Composites Market Share Analysis, By Application
7.3 Sports Composites Market Size and Forecast, By Application
7.3.1 Golf Shafts
7.3.2 Hockey Sticks
7.3.3 Rackets
7.3.4 Bicycle
7.3.5 Skis and Snowboards
7.3.6 Others
8 Sports Composites Market, By Region
8.1 Sports Composites Market Share Analysis, By Region
8.2 Sports Composites Market Share Analysis, By Region
8.3 Sports Composites Market Size and Forecast, By Region
9 North America Sports Composites Market Analysis and Forecast (2021-2027)
9.1 Introduction
9.2 North America Sports Composites Market Share Analysis, By Material Type
9.3 North America Sports Composites Market Size and Forecast, By Resin Type
9.4 North America Sports Composites Market Size and Forecast, By Application
9.5 North America Sports Composites Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Sports Composites Market Analysis and Forecast (2021-2027)
10.1 Introduction
10.2 Europe Sports Composites Market Share Analysis, By Material Type
10.3 Europe Sports Composites Market Size and Forecast, By Resin Type
10.4 Europe Sports Composites Market Size and Forecast, By Application
10.5 Europe Sports Composites Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.54. Rest of Europe
11 Asia Pacific Sports Composites Market Analysis and Forecast (2021-2027)
11.1 Introduction
11.2 Asia Pacific Sports Composites Market Share Analysis, By Material Type
11.3 Asia Pacific Sports Composites Market Size and Forecast, By Resin Type
11.4 Asia Pacific Sports Composites Market Size and Forecast, By Application
11.5 Asia Pacific Sports Composites Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12 Latin America Sports Composites Market Analysis and Forecast (2021-2027)
12.1 Introduction
12.2 Latin America Sports Composites Market Share Analysis, By Material Type
12.3 Latin America Sports Composites Market Size and Forecast, By Resin Type
12.4 Latin America Sports Composites Market Size and Forecast, By Application
12.4 Latin America Sports Composites Market Size and Forecast, By Network Material Type
12.5 Latin America Sports Composites Market Size and Forecast, Country
12.5.1. Brazil
12.5.2. Rest of Latin America
13 Middle East Sports Composites Market Analysis and Forecast (2021-2027)
13.1 Introduction
13.2 Middle East Sports Composites Market Share Analysis, By Material Type
13.3 Middle East Sports Composites Market Size and Forecast, By Resin Type
13.4 Middle East Sports Composites Market Size and Forecast, By Application
13.5 Middle East Sports Composites Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.2. UAE
13.5.3. Egypt
13.5.4. Kuwait
13.5.5. South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Aldila, Inc.
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Amer Sports Oyj
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Fujikura Composites, Inc.
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Fischer Sports GmbH
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Toray Industries Inc.
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Jarden Composites
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Hexion Inc.
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Dupont
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Topkey Corporation
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Rossignol
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies