Stratview Research has published a new report titled “Sports Composites Market” which is segmented by Resin Type (Epoxy Composites, Polyamide Composites, Polyurethane Composites, Polypropylene Composites, and Others), by Fiber Type (Carbon Fiber Composites, Glass Fiber Composites, and Others), by Application Type (Golf Stick, Rackets, Bicycle, Hockey Stick, Skis & Snowboards, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
As per the study, sports composites market is likely to witness an impressive CAGR of 7.2% during the forecast period. The growing number of patents sought for composites-based sporting goods by global companies, growing manufacturing sectors, and incessant new product unveilings, contracts, and development activities adopted by companies are the major drivers bolstering the growth of the global sports composites market.
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
Based on the resin type, the market is segmented as epoxy resin, polyamide resin, polyurethane resin, polypropylene resin, and others. The epoxy resin segment is estimated to be the fastest-growing segment in the coming five years. The growth is attributed to its remarkable properties, such as elevated heat, mechanical, and electrical resistance.
Based on the fiber type, the market is segmented as carbon fiber, glass fiber, and others. The carbon fiber segment is anticipated to be the fastest-growing segment during the forecast period, owing to its properties, such as sturdiness, tensile strength, impact absorption, and lightweight.
Based on the application type, the market is segmented as golf stick, rackets, bicycle, hockey stick, skis & snowboards, and others. The golf stick application segment is expected to be the fastest-growing segment during the forecast period. The growth is attributed to the application of composites in the designing of golf shaft which minimizes the shaft mass, thus letting the club designer to enhance the head mass, while still preserving a low overall club mass. The provision of a heavier club head, while preserving a minimal overall club mass supports the golfer to swing the club quicker, ensuing in augmented carry distance.
Which Region is expected to remain the largest market?
In terms of regions, Asia-Pacific is the largest market for sports composites and is estimated to depict the highest growth in the coming five years. China and India are the growth engines of the region. The market is driven by the growing demand for premium performance products in the skis & snowboards application segment, hassle-free availability of raw materials, and low-labor cost in the region. North America and Europe are also expected to offer considerable growth opportunities during the forecast period.
Who are the Key Players in the Market?
This report provides market intelligence in the most comprehensive way. It also provides critical insights into the key players active in the market, that will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players activen in the Sports Composites Market:
- Aldila Inc.
- Amer Sports
- I. Du Pont De Nemours and Company
- Fischer Sports GmbH
- Hexion Inc.
- Jarden Corporation
- Topkey Corporation
- Toray Industries Inc.
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