What is the Current Scenario and Future Projections for the Sports Composites Market?
The sports composites market size has seen robust growth in recent years, escalating from $3.79 billion in 2024 to an expected $4.07 billion in 2025. That’s an impressive compound annual growth rate (CAGR) of 7.6%. This growth in the historic period is fueled by factors such as weight reduction, high strength-to-weight ratio and increased sports participation.
Looking ahead, the sports composites market size is projected to experience strong growth, set to reach $5.64 billion by 2029, with an expected CAGR of 8.5%. The growth drivers for the forecast period include rising demand for carbon fiber composites, a focus on sustainability, emerging sports trends, and increasing sports investment. Furthermore, trends in material advancements, customization, and innovative manufacturing technologies will shape the market’s future.
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What are Key Market Drivers for the Sports Composites Market?
The growing popularity of cycling, attributed to health benefits, eco-friendliness, and increasing adoption as a sustainable mode of transportation, is a crucial factor driving the sports composites market. Sports composites are contributing to the cycling industry by reducing the weight of bicycles while enhancing their strength, durability, and aerodynamic performance. This allows cyclists to achieve higher speeds with improved efficiency and comfort. As reported by GOV.UK, in 2023 individuals in England cycled a total of 0.9 billion stages, with each person covering an average distance of 47 miles.
What are Major Segments Within the Global Sports Composites Market?
The sports composites market report segments the market as follows:
1) By Fiber: Carbon, Glass, Other Fibers
2) By Resin Type: Epoxy, Polyamide, Polyurethane, Polypropylene
3) By Application: Golf Sticks, Rackets, Bicycles, Hockey Sticks, Skis And Snowboards
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Who are the Major Players in the Sports Composites Market?
Key players include Fischer Sports GmbH, Callaway (legally Topgolf Callaway Brands Corp.), Skis Rossignol S. A., Rockman Cycles Limited, Rock West Composites Inc., Mitsubishi Chemical Carbon Fiber and Composites Inc., Jarden Corporation, Hexcel Corporation, Exel Composites Oyj, EPSILON Composite SA, Du Pont De Nemours Inc., Dexcraft Sp. z o. o., Composite Technology Development Inc., Composite Horizons LLC, Composite Engineering Inc., Composite Advantage LLC, Celanese Corporation, Carbon Composites e. V., Amer Sports, ALDILA Inc., Fiberon LLC,True Temper Sports, Toray Industries Inc., Topkey Corporation, Teijin Limited, SGL Carbon Pvt. Ltd., ProKennex, Newell Brands Inc., Hexion Inc., Fujikura Composites Inc.
What are the Emerging Trends in the Sports Composites Market?
Product innovations are reshaping the sports composite market. For example, in March 2023, SGL Carbon, introduced the SIGRAFIL C T50-4.9/235 carbon fiber for sports and other applications requiring high strength and elongation. This carbon fiber also has potential uses in sports equipment, benefiting from its lightweight yet robust properties.
What is the Regional Analysis of the Sports Composites Market?
North America was the largest region in the sports composites market in 2024. However, Asia-Pacific is expected to be the fastest-growing region in the forecast period.
What Does The Sports Composites Market Report 2025 Offer?
Sports composites are fibers which enhance the strength of sports equipment, reduce its weight, and decrease its cost. They are widely used for upgrading sports equipment and protecting athletes from injury. The Sports Composites Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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