Size of the sports composites market worth $6.27 billion, globally, by 2030 at 5.42% CAGR: Verified Market Research®

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Verified market research

The growing demand for lightweight materials for sports equipment is the major driver of market growth. The growing demand for composites for golf clubs and racquets will further drive the market growth over the forecast period.

JERSEY CITY, NJ, Aug. 01, 2022 (GLOBE NEWSWIRE) — Verified Market Research recently released a report, “Sports Composites Market” By type (carbon fiber, fiberglass), by application (golf clubs, hockey sticks, bicycles) and by geography. According to Verified Market Research, the Sports Composites Market size was valued at USD 3.93 Billion in 2022 and is projected to reach USD 6.27 Billion by 2030, growing at a CAGR of 5.42% from 2023 to 2030 .

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Browse the table of contents in depth onSports Composites Market

202 – Pages

126 – Tables

37 – Numbers

Global Sports Composites Market Overview

Increased power and lower weight have always been the main drivers for the use of composites in sports products, as they improve sports performance and reduce the risk of injury. In addition, composites provide high strength-to-weight capabilities compared to alternative old materials such as metallic elements, alloys, high-strength steels and others, thus making it possible to produce more and more economically and select styles. . Carbon fiber and fiber optics are considered substitutes for these older materials as they are lightweight, offer responsive mechanical performance, and offer a selection of styles, strength, stiffness, etc. Manufacturers of sports products are increasingly exploiting carbon fiber.

Raw and ancillary material costs have consistently increased in the first three quarters of 2021, alongside rising freight and supply prices and packaging prices that have driven resin costs soaring. General products are less expensive than specialized products. Specialty products compete to a greater extent on the premise of performance rather than value, compared to general products or goods. fiber optic costs are rising, which is expected to limit market expansion.

Key developments

  • In January 2021, Amer Sports entered into an agreement with Peloton Interactive Inc. for the proposed sale of Precor, the commercial fitness equipment maker with a significant industrial presence in the United States.

Key players

Major market players include Aldila Inc., Head Inc., Top key Corporation, Amer Sports, Rossignol, Zoltek Carbon Fiber, Fischer Sports GmbH, Rockwood Composites Limited, Bell Helmets Inc., Protech Composites, Entropy Resins Inc., Saint – Gobain Vetrotex, Völkl Int. GmbH, Oxeon AB and United States Ski Pole Company.

Verified Market Research has segmented the global sports composites market on the basis of type, application, and geography.

  • Sports Composites Market, By Application

    • golf clubs

    • hockey sticks

    • Bikes

    • Others

  • Sports Composites Market, By Geography

    • North America

    • Europe

      • Germany

      • France

      • UK

      • The rest of Europe

    • Asia Pacific

      • China

      • Japan

      • India

      • Rest of Asia-Pacific

    • LINE

      • Middle East and Africa

      • Latin America

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