Composites and Advanced Materials

According to a new market report published by Lucintel, the future of the composites in the global sporting goods market looks promising with opportunities in skis and snow boards, bicycle parts, rackets, golf shafts and clubs, hockey sticks, and fishing rods. The composites in the global sporting goods market is expected to reach an estimated $1.1 billion by 2027 with a CAGR of 6.3% from 2021 to 2027. 

The major drivers for this market are increasing use of lightweight and high-performance materials in sports equipment.

In this market, carbon fiber, glass fiber, and others are major reinforcement type used to manufacture composites parts for various end use industries. Lucintel forecasts that 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.

Within the composites in the global sporting goods market, golf shafts & clubs will remain the largest application segment over the forecast period as 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. Fishing rods is expected to witness the highest growth over the forecast period.

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.

Emerging trend, which has a direct impact on the dynamics of the industry, includes introduction of hybrid materials for superior performance, and recycling in composites is gaining momentum. Mitsubishi, Toray, Toho Tenax, Hexcel, SGL and Cytec Solvay are among the major composite sporting goods manufacturers.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the composites in the global sporting goods market by application, reinforcement, resin, process, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Composites in the Global Sporting Goods Market 2022-2027: 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 global sporting goods market by application, reinforcement, resin, process, and region as follow:




































This 183-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/composites-in-sporting-goods-market.aspx or write us at helpdesk@lucintel.com.

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

This report answers following 11 key questions:

Q.1 What are some of the most promising potential, high-growth opportunities for the composites in the global sporting goods market by application (skis and snow boards, bicycle parts, rackets, golf shafts and clubs, hockey sticks, fishing rods, and others), reinforcement (carbon fiber, glass fiber, and other), resin (epoxy, polyamide, and other), process (prepreg layup, infusion, filament winding, wet layup, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2 Which segments will grow at a faster pace and why?

Q.3 Which regions will grow at a faster pace and why?

Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?

Q.5 What are the business risks and threats to the market?

Q.6 What are the emerging trends in this market and the reasons behind them?

Q.7 What are the changing demands of customers in the market?

Q.8 What are the new developments in the market? Which companies are leading these developments?

Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?

Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?

Q.11 What M & A activities have taken place in the last 5 years in this market?