Sports composites are the fibers used for manufacturing sports equipment to increase its strength, decrease the cost, and reduce its weight. A composite material is a mixture of two or more materials and is used in sports equipment. It has an excellent shock absorption capacity, which is why it is commonly used as a raw material in the manufacturing of sports equipment. Sports composites increase the shelf life of products, reliability, and improve the quality. Various composites fibers, such as carbon, glass, and others, are being used in place of metals for the manufacturing of sports equipment.

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The expanding usage of composite materials in various applications and the strong demand for lightweight materials in sports equipment are the key driver contributing to the growth of the global sports composites market. Safety is an integral part of any business and various types of advanced sports equipment are provided by manufacturers across the world to protect the end-user from occupational health hazards. The market is becoming more mainstream thanks to the accelerating demand for durable materials used in the production of skis, rackets, and hoverboards.

The emerging trend of adopting a healthy and fit lifestyle is directly surging the demand for sports equipment used during the physical exercise. This is presenting spur growth opportunities for the market in the coming years. The leading manufacturers are proactively expanding their product portfolios by innovating new products with improved strength and reduced weight. This approach will attract many customers in the global sports composites market. Simultaneously, the increasing usage of carbon fiber in the form of textile and prepreg in different sport applications will further bolster the market growth. On the other hand, the high cost of composites as compared to other materials, such as metals, plastics, and other polymers, is likely to hamper the growth of the global sports composites market. The COVID-19 pandemic, which originated in China, is having a negative impact on the market due to the cancellation or suspension of numerous sports events and professional leagues, which are supposed to be held around the world.

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Based on the resin, the epoxy resin is predicted to grow at a higher CAGR in the global sports composites market due to its excellent electrical, mechanical, and high heat resistant properties that facilitate its use in snowboards and rackets manufacturing. It is widely used for the manufacturing of rackets, skis, and bicycle parts. On the other hand, the polyamide resin is also expected to grow at a higher CAGR owing to the strong demand for hockey sticks and its superior properties, including improved energy transfer.

Based on the application, the golf stick application is projected to dominate the market over the forecast period. This is attributed to the increasing usage of composites in designing golf shaft as it helps to reduce the shaft mass. Moreover, the bicycle application is also expected to increase at a higher CAGR owing to the strong demand for lightweight bicycles in recreation activities and competitive sports over the forecast period. Moreover, increasing demand for carbon-reinforced bicycle frames owing to a reduction in the cost will further propel the growth in upcoming years.

Based on the fiber type, the carbon fiber segment is projected to witness a higher CAGR during the forecast period owing to the growing usage of manufacturing sports goods, such as bicycle frames, rackets, and hockey sticks. The carbon fiber offers superior properties, such as increased tensile strength, durability, stiffness, and is exceptionally lightweight.

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Based on the region, the North America region is anticipated to dominate the market during the forecast period owing to the increasing demand for artificial turf for basketball courts, American football, and golf and the increasing use of composites for different sports equipment, such as lacrosse sticks and polo sticks in this region. The Asia-Pacific region is expected to grow at a higher CAGR in the global sports composites market owing to the increasing demand for superior performance products in the snowboard applications, availability of low-cost labor, and growing demand from the golf stick applications in this region. Furthermore, the easy availability of raw materials and increasing expansion will further drive the sports composites market in the Asia-pacific region.

Various notable players operating in the market include Toray Industries Inc., Teijin Limited, SGL Group, Hexion Inc., E. I. du Pont de Nemours and Company, Jarden Corporation, Fischer Sports GmbH, Topkey Corporation, Rossingol, and Aldila Inc., among others.

 Key Developments:

• • In 2019, Teijin Limited planned to acquire Benet Automotive s.r.o. to expand European Automotive Business.
  • 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.

The global sports composites market has been segmented on the basis of resin, application, fiber type and regions. Based on resin, the market is segmented into epoxy, polyurethane, polyamide, polypropylene and others. Based on application, the market is segmented into golf clubs, hockey sticks, rackets, bicycle, skis & snowboards and others. Based on fiber type, the market is segmented into carbon fiber, glass fiber and others.

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Key questions answered in this research report:

• • At what pace is global sports composites market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in sports composites market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global sports composites market?
  • What are the various application areas of global sports composites market and how they are poised to grow?
  • Which Resin generated maximum revenues in 2019 and identify the most promising Resin during the forecast period?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Resin, By Application, By Fiber Type, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Toray Industries Inc., Teijin Limited, SGL Group, Hexion Inc., E. I. du Pont de Nemours and Company, Jarden Corporation, Fischer Sports GmbH, Topkey Corporation, Rossingol, Aldila Inc.; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Sports Composites Market by Resin

• • Epoxy
  • Polyurethane
  • Polyamide
  • Polypropylene
  • Others

Global Sports Composites Market by Application

• • Golf Clubs
  • Hockey Sticks
  • Rackets
  • Bicycle
  • Skis & Snowboards
  • Others

Global Sports Composites Market by Fiber Type

• • Carbon Fiber
  • Glass Fiber
  • Others

Global Sports Composites Market by Region

• • North America Sports Composites Market (Option 1: As a part of the free 25% customization)

• • • North America Sports Composites Market by Resin
    • North America Sports Composites Market by Application
    • North America Sports Composites Market by Fiber Type
    • US Sports Composites Market All-Up
    • Canada Sports Composites Market All-Up

• • Europe Sports Composites Market (Option 2: As a part of the free 25% customization)

• • • Europe Sports Composites Market by Resin
    • Europe Sports Composites Market by Application
    • Europe Sports Composites Market by Fiber Type
    • UK Sports Composites Market All-Up
    • Germany All-Up Sports Composites Market All-Up
    • France Sports Composites Market All-Up
    • Spain Sports Composites Market All-Up
    • Rest of Europe Sports Composites Market All-Up

• • Asia-Pacific Sports Composites Market (Option 3: As a part of the free 25% customization)

• • • Asia-Pacific Sports Composites Market by Resin
    • Asia-Pacific Sports Composites Market by Application
    • Asia-Pacific Sports Composites Market by Fiber Type
    • China Sports Composites Market All-Up
    • India Sports Composites Market All-Up
    • Japan Sports Composites Market All-Up
    • Rest of APAC Sports Composites Market All-Up

• • RoW Sports Composites Market (Option 4: As a part of the free 25% customization)

• • • RoW Sports Composites Market by Resin
    • RoW Sports Composites Market by Application
    • RoW Sports Composites Market by Fiber Type
    • Brazil Sports Composites Market All-Up
    • South Africa Sports Composites Market All-Up
    • Saudi Arabia Sports Composites Market All-Up
    • UAE Sports Composites Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Sports Composites Market All-Up

Major Players Operating the Sports Composites (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Toray Industries Inc.
  • Teijin Limited
  • SGL Group
  • Hexion Inc.
  • I. du Pont de Nemours and Company
  • Jarden Corporation
  • Fischer Sports GmbH
  • Topkey Corporation
  • Rossingol
  • Aldila Inc.