The SNS Insider report indicates that the Sports Composites Market Size was valued at USD 4.58 billion in 2023 and is expected to reach USD 6.73 billion by 2031 and grow at a CAGR of 5.0% over the forecast period 2024-2031. The sports composites market is experiencing a surge in growth as technological advancements continue to revolutionize sports equipment and gear. Composites, comprising materials like carbon fiber, fiberglass, and aramid fibers, offer a winning combination of strength, stiffness, and lightness, making them ideal for various sports applications. From tennis rackets and golf clubs to bicycles and skis, composite materials have become synonymous with high-performance sports equipment. Athletes are constantly seeking an edge, driving manufacturers to innovate and develop composites that deliver superior performance, responsiveness, and durability. As the sports industry becomes increasingly competitive and athletes push the boundaries of human performance, the demand for cutting-edge composite materials is poised to soar.
Innovation and technological advancements are driving transformative changes in the sports composites market, paving the way for next-generation materials and products. Manufacturers are investing heavily in research and development to explore new composite formulations, manufacturing processes, and design techniques. These innovations are resulting in composites that offer enhanced properties such as impact resistance, vibration damping, and aerodynamic performance. Furthermore, the integration of smart materials and sensors into composite structures is revolutionizing sports equipment by providing real-time feedback on performance and technique. Additionally, sustainability is becoming an increasingly important factor in the sports industry, leading manufacturers to develop eco-friendly composites made from recycled or bio-based materials. As athletes continue to push the boundaries of what is possible, the sports composites market will remain at the forefront of innovation, driving advancements that redefine the limits of human potential in sports and athletics.
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Some of the Key Players Included are:
l Rossignol
l Ficher Sports
l Amer Sports
l Fujikura Composites
l True Temper
l Newell Brands
l Topkey Corporation
l Callway Golf
l ALDILA, Inc.
l Prokennex
l Other Players
Market Report Scope –
The main factor contributing to market growth is the growing demand for lighter materials in sporting equipment. Market growth will continue to be driven by growing demand for composites in golf clubs and rackets during the forecast period. The main drivers of the use of composite materials in sports goods have always been increased efficiency and reduced weight, with a view to improving athletic performance and reducing the risk of injury. Moreover, composite materials offer a higher strength to weight ratio compared with any of the conventional materials like titanium, alloy, strong steels and others that help create an increasingly wide range of designs.
Market Growth Factors –
Growth is expected to be driven by growing demand for durable materials in the production of rackets, skis and hoverboards over the forecast period. Moreover, demand for carbon composite materials is expected to increase as a result of increased expenditure on the development of new products that improve strength and drive in hockey bats and golf clubs by reducing their overall weight. In addition, it is estimated that the use of carbon fibre in various sports applications will increase with respect to prepregs and textiles.
Segmentation Analysis –
The market is segmented by material into glass and carbon. Due to increased use of carbon fibre in golf clubs, bike frames and rackets, it accounts for a large part of the market share. The growth is expected to be driven by ease of availability of material and the use of state-of-the-art manufacturing techniques for carbon composite production. The increasing use of glass fiber composites in skis, snowboards, and longboards owing to better performance is expected to drive the market growth over the forecast period. Glass fibers are widely used in manufacturing skis & snowboards owing to its ability to improve sliding properties as well as providing additional strength during landing.
By Resin Type
l Polyurethane
l Epoxy
l Polyamide
l Polypropylene
l Others
By Fiber Type
l Carbon fiber
l Glass fiber
l Boron fiber
l Others
By Application
l Golf sticks
l Hockey sticks
l Racquets
l Bicycles
l Skies and Snowboards
l Windsurfing masts and boards
l Others
Key Regional Development –
The sports sector has experienced significant growth in recent years due to the high level of competition, media sponsorship and increased societal awareness. In 2022, North America was the dominant region, owing to advances in technology that resulted in a high demand of composite materials for sports goods such as ice hockey sticks, polo balls and tennis racquets, which accounted for 29.5% of total market shares. In addition, the demand for artificial turf for different sports such as football, basketball, cricket, and golf is increasing.
Key Takeaway’s–
In order to meet the needs of many operational environments requiring sports, a new class of performance materials has been developed called sport composites. In everything from football helmets to hockey sticks, kayaks and bobsleds, composite materials help athletes all over the world maximise their performance. In almost all sports, carbon or glass fibre composite materials are used and many Olympians and little leaguers use high performance sporting equipment made of composites. The sports equipment is made from composit.
Recent Developments -
In February 2022, Celanese Corporation announced the acquisition of DuPont's Mobility & Materials (M&M) business for USD 11.0 billion. With this acquisition, the company's product portfolio will be expanded and its global reach widened.
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