Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Sports Composites market. Market segmentation includes Fiber Type (Carbon, Glass, and Other Fiber Types); Application (Golf Stick, Bicycle, Rackets, Hockey Stick, Skis & Snowboards, and Other Applications).
The sports composites market globally is anticipated to move ahead on account of rising demand for high-performance, lightweight and reliable sports equipment, once the COVID-19 pandemic related slowdown is arrested with the advent of the vaccine. Sports composites are advanced fibers widely used in sports equipment for enhancing strength, reducing weight and lowering costs. Representing a blend of multiple materials, fiber-reinforced composite materials help manufacturers to achieve design flexibility, make sports equipment lightweight, and ensure easy forming and processing characteristics. The reliability of sports equipment on humans for movement makes sports composites or fiber-reinforced composites a perfect companion of sports equipment owing to their unmatched advantages. With an eye on user safety, various companies are offering sports equipment to safeguard end-users from health hazards. Moreover, increasing focus of people on physical fitness and staying healthy is expected to push sales of sports equipment for physical exercise, presenting new opportunities for participants. Another prominent factor augmenting the market growth is proactive efforts by manufacturers to expand their portfolios with the addition of lightweight and durable products. On the flip side, the expensive nature of composites in comparison to traditional materials like plastics, metals and polymers remains a key concern. Rising physical activity for health reasons is one of the major drivers for composites demand in sports goods. As more and more people play sports, demand for sports goods is bound to rise. In addition, composite sports goods have a higher lifetime and are safer than sports goods made with conventional materials. Even though composite sports goods are expensive compared to regular sports goods, they command high demand owing to their inherent qualities, which make them appealing to multiple sections of the sporting fraternity. Owing to these factors, demand for composite sports goods is expected to increase at a steady rate over the analysis period. The market growth is however restrained by the COVID-19 outbreak that led to suspension and cancellation of various professional leagues and sports events leading to an anticipated negative tide for the year 2020.
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. The views, opinions and findings presented are based on validated engagements from a total executive pool size of 449. Among this pool, 92 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 18 unique participations, a total of 8 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.
Key Competitors Covered in the Report -
DuPont de Nemours, Inc.
Amer Sports Corporation
Entropy Resins, Inc.
HEAD Sport GmbH
Fischer Sports GmbH
Segments Covered in the Report -
Fiber Type (Carbon, Glass, Other Fiber Types)
Application (Golf Sticks, Bicycle, Rackets, Hockey Sticks, Skis & Snowboards, Other Applications)
Geographies Analyzed in the Report -
Rest of Europe
Rest of Asia-Pacific
Rest of Latin America
Rest of Middle East
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About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world`s only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.
Director, Corporate Communications
Global Industry Analysts, Inc.