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Global Sports Composites Industry To Grow 1.4x In Value By 2031-End

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Pratibha Khopade
Global Sports Composites Industry To Grow 1.4x In Value By 2031-End

The detailed research report on the global Sports Composites Market focuses on the macro as well as microeconomic factors that are helping its development. The report also concentrates on the regulatory framework that is shaping the future of the global market. Furthermore, the research report also makes note of the existing as well as prevailing pricing structure, emerging areas of applications, and imminent investment opportunities in the global market.

The research report on the global Sports Composites Market also provides an in-detailed analysis of the overall vendor landscape. The report analyzes the key marketing and promotional strategies adopted by the leading companies in the global market.

According to Fact.MR, a market research and competitive intelligence provider, the global sports composites market is expected to register a CAGR of 5% through 2031, reaching a valuation of US$ 4 Bn.

Consumption Analysis of Sports Composites from 2016 -2020 Vs, Future Market Outlook for 2021 - 2031

The sports composites market was estimated at nearly US$ 1.6 Bn in 2016, expanding at around 4% from 2016 to 2020. Increasing number of patents filed for composites-based sporting goods by global players, growing manufacturing industries, and continuous new product launches are key factors that have helped sustain market growth through the historical period.

Competitive Landscape

The global industry is characterized by continuous product innovations. Top composite-based sporting goods manufacturers are focusing on mergers & acquisitions, and capacity increases.

Some of the key developments are:

  • In March 2014, Toray Industries Inc, a Japanese manufacturer of sports composites acquired Zoltek, thus establishing itself as a market leader in terms of production volumes.
  • Germany-based SGL Carbon announced the increase of the capacity of their Moses Lake facility by 3000 tons which is expected to result in an increase of their market share.
  • In 2018, Toray Industries Inc. developed TORAYCA® MX Series carbon fibers with high tensile modulus and high compressive strength to introduce prepreg to a variety of applications.

 


What is the Regional Demand Outlook for Sports Composites?

North America accounts for over 35% of the revenue share owing to high technological advancement leading to increasing use of composites for various sports equipment such as polo sticks and lacrosse sticks.

Growing demand for artificial turf for American football, basketball courts, and golf is expected to drive growth over the forecast period.

In Europe, demand for sports composites expanded at a CAGR of 4% from 2016-2020. The region is driven by the presence of a large number of sports composites manufacturers, thus increasing the widespread availability of the products at a competitive price.

Key Points Covered in Sports Composites Industry Survey:

  • Market Estimates and Forecasts (2016-2031)
  • Key Drivers and Restraints Shaping Market Growth
  • Segment-wise, Country-wise and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Market Share Analysis
  • COVID-19 Impact on Demand for Sports Composites and How to Navigate
  • Recommendation on Key Winning Strategies

Key Market Segments Covered in Sports Composites Industry Analysis

·        By Resin

  • Epoxy Resin-based Sports Composites
  • Polyamide Resin-based Sports Composites
  • Polyurethane Resin-based Sports Composites
  • Polypropylene Resin-based Sports Composites

·        By Fiber

  • Carbon Fiber Sports Composites
  • Glass Fiber Sports Composites


·        By Application

  • Sports Composites for Golf Sticks
  • Sports Composites for Rackets
  • Sports Composites for Bicycle Frames
  • Sports Composites for Hockey Sticks
  • Sports Composites for Skis, Snowboards, and Kayaks

 

Reasons to choose a Fact.MR:

  • Exhaustive research regarding the market to offer A to Z information.
  • Digital technologies to provide innovative business solutions to clients.
  • 24/7 availability of services.
  • Interaction with suppliers, vendors, and service providers for a precise market landscape.
  • Reports tailored as per the requirements of the clients.

Read More Insights: https://www.factmr.com/report/sports-composites-market

About Fact.MR

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.

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