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Composites in Sporting Goods Market Trends and Forecast

The future of composites material in the global sporting goods market looks promising with opportunities in skis & snow boards, bicycle parts, rackets, golf shafts & clubs, hockey sticks, and fishing rods applications. The composites in the global sporting goods market is expected to reach an estimated $1,526 million by 2030 with a CAGR of 10% from 2023 to 2030. The major drivers for this market are increasing use of lightweight and high-performance materials in sports equipment.
  • Lucintel forecasts that golf shafts & clubs will remain the largest application segment over the forecast period composite shafts are more lightweight, allowing designers to increase the weight of the head of the club while keeping the total weight of the club low.
  • Carbon fiber will remain the largest segment and it is expected to witness the highest growth over the forecast period due to its increasing uses in various applications of sporting goods industry and several performance benefits, including lightweight and stiffness.
  • Asia Pacific is expected to remain the largest region and witness the highest growth over the forecast period because APAC became the home for leading composite component manufactures for sporting goods industry