The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
Sports Composites Market Size, Growth Rate, And Forecast
The global sports composites market size grew from $3.27 billion in 2022 to $3.52 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The sports composites market size is expected to grow to $4.51 billion in 2027 at a CAGR of 6.4%.
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Sports Composites Market Drivers
The rising sports industry is expected to propel the growth of the sports composites market going forward. The sports industry refers to an industry in which people, activities, and organizations are involved in producing, facilitating, promoting, or organizing any activities that are focused on sports. Sports composites are used to make lightweight sports equipment.
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Sports Composites Market Segments
1) By Fiber: Carbon, Glass, Other Fibers
2) By Rasin Type: Epoxy, Polyamide, Polyurethane, Polypropylene
3) By Application: Golf Sticks, Rackets, Bicycles, Hockey Sticks, Skis and Snowboards
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Sports Composites market.
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Sports Composites Market Key Players
Major competitors in the Sports Composites market include Ficher Sports, Topkey Corporation, Toray Industries, Teijin Ltd., Hexion Inc., SGL Carbon SE, Fujikura Composites
The Table Of Content For The Sports Composites Market Include:
1. Executive Summary
2. Sports Composites Market Characteristics
3. Sports Composites Market Trends And Strategies
4. Sports Composites Market – Macro Economic Scenario
5. Sports Composites Market Size And Growth
27. Sports Composites Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Sports Composites Market
29. Sports Composites Market Future Outlook and Potential Analysis
The Business Research Company’s “Global Sports Composites Market Report 2023” is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market’s historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
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