PUBLISHER: DataM Intelligence | PRODUCT CODE: 1082993
PUBLISHER: DataM Intelligence | PRODUCT CODE: 1082993
The global sports composite market size was worth US$ XX million in 2021 and is estimated to reach US$ XX million by 2029, growing at a CAGR of XX % during the forecast period (2022-2029).
Composites are fibers used to manufacture sporting equipment to improve its strength, reduce its weight and lower its cost. A composite material combines two or more materials that differ in composition on a macro scale and are combined to form a structurally stable component. Lightweight, quick processing, high degrees of design freedom and great strength are all advantages of fiber-reinforced sports composite materials in sports equipment. Compared to traditional materials, composites can suit a wide range of design criteria while reducing weight and having a high strength-to-weight ratio.
Carbon and glass composites have largely supplanted metals in sporting equipment. Humans power the majority of sporting equipment to move. Fiber-reinforced composites have an unrivaled advantage in this regard. The mechanical qualities of golf rods comprised of carbon-fiber-reinforced materials have improved. They weigh between 30% and 50% less than metal rods. One of the key reasons for using composite materials as a raw material in the construction of sports equipment is their strong damping shock absorption ability.
The market research's primary driver is the increasing need for lightweight and high-performance sports equipment during the projected period. Furthermore, using composites in athletic and recreational applications improves performance by providing density and rigidity to sports products that other traditional metals cannot.
Composites have always been used in sports products to improve athletic performance and lower the risk of injury due to their increased efficiency and lightweight. Composite materials are becoming a popular research area in modern technology. Their promising properties make them appropriate for various industrial applications, including aerospace, automotive, construction, sports, bio-medical, etc. The materials have amazing structural and mechanical features such as high strength-to-weight ratio, chemical stability, fire, corrosion & wear, cost-effectiveness and cost-effectiveness. Sports equipment producers are rapidly using carbon fiber.
Carbon fiber is popular for bicycle frames, fishing rods, golf shafts, tennis rackets and other products because it offers compression and lateral stability while remaining lightweight, strong and durable. Manufacturers also like glass fiber because it provides strength, flexibility, durability and stability, is lightweight and is resistant to heat, temperature and moisture. Composites are mostly employed in producing skis and snowboards and hockey sticks.
Aside from the applications, they are also found in bicycles, rackets and other sports equipment. Glass fiber composites, on the other hand, are not as strong as other materials or as rigid as carbon fiber. For example, the use of composites in tennis rackets decreases weight while increasing sweet spot size; in hockey sticks, they reduce weight while increasing energy transfer; and in fishing rods, they reduce weight while increasing sensitivity and accuracy.
Sports products must be created in various sizes and shapes depending on the sport. Composites' numerous qualities, such as high tensile modulus, low density and lightweight, making them suitable for applications of a wide range of sporting goods, including tennis rackets, golf shafts, skis, hockey sticks, fishing poles, snowboards and bicycle frames. Composites are finding new applications in sports such as wheel-tire systems, exercise equipment, softballs, bats, baseballs, helmets, cycling shoes, boots, alpine & Nordic skiing clothes and protective clothing wear footwear and others.
Composites provide great strength and durability and compression and lateral stability. The increased demand for composites from new sporting goods applications opens up new business prospects. Topkey Corporation (Taiwan), for example, has created safety products such as helmets and other products from composite materials utilizing UDPP technique.
The usage of composites in different end-use industries reduces weight and improves performance. Difficulties in recycling composites are a significant concern for composite manufacturers. The vast majority of composites used are disposed of in landfills. The landfilling of mixed wastes, on the other hand, is not an environmentally friendly alternative.
Many European Union countries, such as Germany, have banned the landfilling of composite trash. Companies worldwide are seeking innovative composites disposal solutions to arise and develop that will assist in preventing global warming and examine composites' potential in cutting greenhouse gas emissions. However, issues in recycling glass fiber-reinforced composites are a stumbling hurdle in areas where recycling pressure is considerable.
Due to the postponement of events and international sports contests, demand for sports equipment has decreased. Travel and trade restrictions also resulted in interruptions in manufacturers' supply of current orders. As a result, sustaining continuous supply chains throughout the COVID-19 epidemic was a significant difficulty for the sports composites sector.
Furthermore, several sporting events, including the Tokyo Olympic Games in 2020, the Indian Premier League, the NBA, the Asian Street Championship for Skateboarding, the French Open in Tennis and others, have been canceled or rescheduled for later dates. The issue has resulted in a sharp drop in the demand for sporting equipment. However, most of the events are scheduled for the latter half of 2020, with some scheduled to occur early next year.
By application, the sports composite market is segmented into bicycle, golf sticks, rackets, hockey sticks, skis & snowboards and others.
Sports composites are made up of two or more chemically different materials that have been blended to improve their qualities. A range of materials, including composites, are used to make golf shafts. The use of carbon fiber reinforced materials reduced the weight of golf shafts to that of a metal rod. According to the National Golf Foundation, more than 35% of the population in U.S. above the age of 5 played, read or watched golf in 2019.
Furthermore, 2.6 million people played golf for the first time in U.S. in 2018, the greatest amount. Additionally, the growing number of golf tournaments and the approaching 2020 Summer Olympic Games in Tokyo offer prospects for the game. As a result, there is a rise in interest in golf, accelerating market expansion even further.
North America is estimated to rule the global sports composites market during the forecast period due to increased technical breakthroughs, which would result in greater use of composites for various sports equipment like lacrosse and polo sticks. The rising demand for artificial grass for sports such as basketball, golf and American football is expected to drive market expansion throughout the forecast period. The sports sector has expanded rapidly in recent years, owing to greater competitiveness, media sponsorships and improved societal awareness, among other factors.
According to the National Golf Foundation, golf has recently become one of the most popular recreational sports in U.S. The Sports & Fitness Industry Association reports that government and private entities invest more in golf shafts. Aside from golf, one of the most popular sports in the region is hockey. In recent years, hockey players have increased due to collegiate hockey programs. As a result, demand for sports equipment such as golf shafts, hockey sticks, rackets and bicycles, among others, is predicted to rise in recent years, rising demand for the market in the region.
Constant product innovation, capacity expansion and mergers and acquisitions distinguish the market. To gain a bigger consumer base, the players are working on creating lightweight and durable composites. For example, the introduction of T20 track bikes in 2020 features lightweight composite materials.
Major global sports composite market companies include: Aldila Inc., Amer Sports, Fischer Sports GmbH, Jarden Corporation, Rossignol, Rockwood Composites Limited, Bell Helmets Inc., Protech Composites, Entropy Resins Inc. and Oxeon AB.
The global sports composite market report would provide access to an approx. 61 market data table, 56 figures and 205 pages.
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