According to a new market report published by Lucintel, the future of the composite materials in the global sporting goods industry looks attractive with opportunities in skis & snowboards, bicycle, rackets, golf clubs & shafts, hockey sticks, and fishing rod applications. The composite materials market in the global sporting goods industry is expected to reach an estimated $579 million by 2023 and is forecast to grow at a CAGR of 3.2% from 2018 to 2023. The major drivers for this market are increasing use of lightweight and high-performance materials in sports equipment.
Browse 79 market data tables and 136 figures spread through 193 pages and in-depth TOC on “Composite Materials in the Global Sporting Goods Market"
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In this market, different types of composite materials market in the sporting goods such as golf clubs/shafts, hockey sticks, rackets, bicycle parts, skis/snowboards, fishing rods, others are used as application. Lucintel forecasts that the skis & snowboard is expected to remain the largest application by volume and golf shafts & clubs by value. Fishing rod is expected to witness the highest growth during the forecast period supported by the growing demand for lightweight and high strength materials.
By reinforcement type, carbon fiber reinforced composite is expected to remain the largest segment over the forecast period. In terms of growth, glass fiber composites and carbon fiber composites are expected to witness moderate growth over the forecast period.
Asian Pacific is expected to remain the largest market and it is also expected to witness the highest growth over the forecast period. Asia Pacific became the home for leading composite component manufactures for sporting goods industry.
Emerging trend, which has a direct impact on the dynamics for composites in the sporting goods industry, includes increasing use of thermoplastic resin based composite materials. Toray, Mitsubishi Rayon Co., TenCate, Lanxess, and Hexcel are among the major composite materials to sporting goods manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the composites in the sporting goods industry by application, reinforcement, resin, process, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Composite Materials in the Global Sporting Goods Market 2018-2023: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the composites in the sporting goods industry by application, reinforcement, resin, process, and region as follows:
By Application [Volume (M lbs) and $M shipment analysis from 2012 to 2023]:
Golf Clubs/Shafts
Hockey Sticks
Rackets
Bicycle Parts
Skis/Snowboards
Fishing Rods
Others
By Reinforcement [Volume (M lbs) and $M shipment analysis from 2012 to 2023]:
Carbon Composites
Glass Composites
Others
By Resin [Volume (M lbs) and $M shipment analysis from 2012 to 2023]:
Epoxy
Polyamide
Vinyl Ester
Others
By Manufacturing Process [Volume (M lbs) and $M shipment analysis from 2012 to 2023]:
Prepreg Layup
Infusion
Filament Winding
Wet Layup
Others
By Region [$M shipment analysis for 2012 – 2023]:
North America
Europe
Asia Pacific
The Rest of the World
This 193-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/composite-materials-in-the-global-sporting-goods-m.aspx or helpdesk@lucintel.com.
About Lucintel
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