Sports Composites Market Size, Share & Trends Analysis Report By Reinforcement Material, By Resin Type, By Process Type, By Application, By Region, And Segment Forecasts, 2024 - 2030

Sports Composites Market Size, Share & Trends Analysis Report By Reinforcement Material, By Resin Type, By Process Type, By Application, By Region, And Segment Forecasts, 2024 - 2030

Sports Composites Market Growth & Trends

The global sports composites market is expected to be valued at USD 5.67 billion by 2030, registering a CAGR of 5.8%, according to a new report by Grand View Research, Inc. The market is expected to exhibit significant growth owing to increasing demand for high-performance materials for manufacturing lightweight as well rigid sporting goods.

Growing replacement of traditional steel with light weight carbon fiber in golf clubs due to increased carry distance is expected to drive the market over the forecast period. Furthermore, increasing investment by manufacturers for the development of durable composites in manufacturing sports equipment is expected to bolster growth.

Carbon fiber is expected to witness the fastest growth over the forecast period due to its increasing use for manufacturing sports goods such as hockey sticks and rackets. Superior properties such as high tensile strength, impact absorption, durability, and weight reduction of the equipment offered by these materials are likely to drive demand over the projected period.

Epoxy based composites are expected to be the fastest growing resin segment in the market owing to its heat resistant properties which facilitate its use in rackets and snowboards manufacturing. Epoxy resins are widely used along with carbon fiber for manufacturing skis, rackets, and bicycle parts.

Sports Composites Market Report Highlights

• Golf equipment dominated the market and accounted for a market share of 30.3% in 2023. It can be attributed to the increasing popularity of the sport among people worldwide.
• The glass fiber segment is expected to grow at a significant CAGR over the forecast period. It can be attributed to the increasing use of glass fiber composites in snowboards and skis and its ability to improve sliding properties and provide additional strength during landing
• The polyamide segment is expected to grow at a significant CAGR over the forecast period. The inherent corrosion resistance of polyamide makes it suitable for outdoor sports equipment exposed to varying environmental conditions.
• Prepreg layup dominated the market and accounted for a market share of 35.1% in 2023 owing to the consistent quality, performance, and improvement in manufacturing efficiency offered by it.
• Asia Pacific sports composites market dominated the global market with the revenue share of 33.1% in 2023 and is expected to grow at the fastest CAGR over the forecast period.

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