Latest News- Sports Composites Market: Carbon fiber is expected to lead the Type segment during 2025-2029

The Sports Composites Market is being driven by Increasing participation in sports

The Sports Composites Market is expected to grow at a CAGR of 5.8% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1315.1 million. The global sports composites market is experiencing a noteworthy trend, with an increasing focus on the development and implementation of advanced, high-performance materials for enhancing the functionality and longevity of sports equipment. This shift is fueled by continuous innovation and technological advancements in composite technology, addressing the escalating demands of athletes and sports enthusiasts. For instance, on March 5, 2024, Toray Advanced Composites announced the launch of Toray Cetex TC915 PA+, a thermoplastic composite material tailored for the sports industry. This new material offers superior characteristics, making it a suitable choice for a multitude of sports equipment applications. Its superior performance and durability are anticipated to redefine industry benchmarks, ensuring athletes receive top-tier equipment capable of withstanding intensive use. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Carbon fiber
  • Glass fiber
  • Others
• Application
  • Golf equipment
  • Bicycle parts
  • Skis and snowboards
  • Others
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing participation in sports
• Rising demand for lightweight and high-performance materials
• Expanding sports equipment production in emerging markets

However, the market also witnesses some limitations, which are as follows:

• Competition from conventional materials
• High cost of composite materials
• Complex manufacturing processes

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Market Scope in Sports Composites Market Research Report

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Research Analysis Overview

The Sports Composites Market encompasses high-performance gear manufactured using composite materials, which undergo certification protocols for international sports competitions. Tennis rackets, cycling shoes, and safety gear are among the specialty products benefiting from advanced composite formulations. Carbon and glass fibers ensure precision, strength, and lightweight properties, while recyclable composites promote sustainability. Quality control is paramount for durability under high stresses and for safety reasons. Performance benefits include weight savings, spin, shock absorption, and lateral stability. Indigenous games and fitness equipment also utilize composites for improved compression, strength-to-weight ratio, and impact absorption. International sports federations and the sports industries prioritize these materials for their competitiveness and health advantages, reducing injuries and enhancing sports participation.

Market Research Overview

The sports industry is witnessing a significant shift towards advanced materials and technologies to enhance athletic performance and sustainability. The global sports composites market, a subset of the specialty chemicals industry, is poised for growth due to the increasing demand for carbon fiber applications in sports equipment manufacturing. This trend is driven by the need for lighter, stronger, and more durable equipment, as well as the growing focus on renewable composites and sustainability. Technavio's market analysis identifies several key factors fueling the growth of the sports composites market. These include the demand for sports accessories that offer improved functionality and aesthetics, the adoption of composite material manufacturing techniques for sports equipment innovation, and the implementation of stringent regulations and testing standards for sports equipment safety and performance. Moreover, the market is witnessing a shift towards specialty adhesives and sealants, which are essential in the production of high-performance sports equipment. The increasing demand for these products is expected to drive the growth of the sports composites market during the forecast period. Overall, the sports composites market is a dynamic and innovative industry, with a strong focus on continuous improvement and the development of new technologies to meet the evolving needs of athletes and consumers.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/