New York, Nov. 24, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Composites in Sporting Goods Market: Trends, Opportunities and Competitive Analysis" - https://www.reportlinker.com/p06362829/?utm_source=GNW
Composites in Sporting Goods Market Trends and Forecast
The future of the composites 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. The composites in the global sporting goods market is expected to reach an estimated $1.1 billion by 2027 with a CAGR of 6.3% from 2021 to 2027. The major drivers for this market are increasing use of lightweight and high-performance materials in sports equipment.
Emerging Trends in the Composites in Sporting Goods Market
Emerging trend, which has a direct impact on the dynamics of the industry, includes introduction of hybrid materials for superior performance, and recycling in composites is gaining momentum.
Composites in Sporting Goods Market by Segment
The study includes a forecast for the composites in the global sporting goods market by application, reinforcement, resin, process, and region as follows:
Composites in Sporting Goods Market by Application [Value ($M) and Volume (Million Pounds) shipment analysis for 2016 – 2027]:
• Skis and Snow Boards
• Bicycle Parts
• Rackets
• Golf Shafts and Clubs
• Hockey Sticks
• Fishing Rods
• Others
Composites in Sporting Goods Market by Reinforcement Type [Value ($M) and Volume (Million Pounds) shipment analysis for 2016 – 2027]:
• Glass Fiber
• Carbon Fiber
• Others
Composites in Sporting Goods Market by Resin [Value ($M) and Volume (Million Pounds) shipment analysis for 2016 – 2027]:
• Epoxy
• Polyamide
• Others
Composites in Sporting Goods Market by Process Value ($M) and Volume (Million Pounds) shipment analysis for 2016 – 2027]:
• Prepreg Layup
• Infusion
• Filament Winding
• Wet Layup
• Others
Composites in Sporting Goods Market by Region [Value ($M) and Volume (Million Pounds) shipment analysis for 2016 – 2027]:
• North America
• US
• Europe
• Germany
• France
• Asia Pacific
• China
• Japan
• Taiwan
• The Rest of the World
• Brazil
• South Africa
List of Composites in Sporting Goods Industry Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies composites in sporting goods industry companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the composites in sporting goods industry companies profiled in this report includes.
• Mitsubishi Rayon Corporation Limited
• Toray Industries Inc.
• Toho Tenax
• Hexcel Corporation
• SGL Group
• Cytec Solvay Group.
Composites in Sporting Goods Market Insight
• The analyst 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
Features of Composites in Sporting Goods Market
• Market Size Estimates: Composites in sporting goods market size estimation in terms of value ($M) and volume (M lbs)
• Trend and Forecast Analysis: Market trends (2016-2021) and forecast (2022-2027) by various segments and regions.
• Segmentation Analysis: Market size by application, reinforcement, resin, process, and region
• Regional Analysis: Composites in sporting goods market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
• Growth Opportunities: Analysis of growth opportunities in different application, reinforcement, resin, process, and region for the composites in sporting goods market.
• Strategic Analysis: This includes M&A, new product development, and competitive landscape for the composites in sporting goods market.
• Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the composite in sporting goods market size?
Answer: The composites in the global sporting goods market is expected to reach an estimated $1.1 billion by 2027
Q2. What is the growth forecast for composites in sporting goods market?
Answer: The composites in sporting goods market is expected to grow at a CAGR of 6.3% from 2021 to 2027.
Q3. What are the major drivers influencing the growth of the composites in sporting goods market?
Answer: The major drivers for this market are increasing use of lightweight and high-performance materials in sports equipment.
Q4. What are the major applications or end use industries for composites in sporting goods market?
Answer: Golf shafts & clubs and skis & snow boards are the major applications for composites in sporting goods.
Q5. What are the emerging trends in composites in sporting goods market?
Answer: 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.
Q6. Who are the key composites in sporting goods industry companies?
Answer: Some of the key composites in sporting goods industry companies are as follows:
• Mitsubishi Rayon Corporation Limited
• Toray Industries Inc.
• Toho Tenax
• Hexcel Corporation
• SGL Group
• Cytec Solvay Group
Q7.
Which composites in sporting goods industry material segment will be the largest in future?
Answer: The analyst forecasts that carbon fiber will remain the largest segment and it is expected to witness highest growth over the forecast period due to its increasing uses in various end use industries.
Q8: In composites in sporting goods market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to remain the largest region and witness the highest growth over next 5 years
Q9. Do we receive customization in this report?
Answer: Yes, The analyst provides 10% Customization Without any Additional Cost.
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 type (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?
For any questions related to composites in the global sporting goods market or related to composite in sporting goods market size, composite in sporting goods market analysis, composite in sporting goods suppliers, composite in sporting goods manufacturers, composite in sporting goods raw material, composite in sporting goods cost, composite in sporting goods market trend and forecast, composite in sporting goods application, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
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