Sports Composites Market Size, Share, Growth, Trends and Industry Analysis Report, 2024
The global sports composites market size was valued at USD 2.60 billion in 2015. Growing demand for durable materials in the production of rackets, skis and hover boards is expected to drive growth over the forecast period.
(firmenpresse) - The global sports composites market is expected to be valued at USD 4.58 billion by 2024, according to a new report by Grand View Research, Inc. The market is expected to exhibit significant growth owing to increasing demand for high-performance materials for manufacturing lightweight as well rigid sporting goods.
Growing replacement of traditional steel with light weight carbon fiber in golf clubs due to increased carry distance is expected to drive the market over the forecast period. Furthermore, increasing investment by manufacturers for the development of durable composites in manufacturing sports equipment is expected to bolster growth.
Carbon fiber is expected to witness the fastest growth over the forecast period due to its increasing use for manufacturing sports goods such as hockey sticks and rackets. Superior properties such as high tensile strength, impact absorption, durability, and weight reduction of the equipment offered by these materials are likely to drive demand over the projected period.
Epoxy based composites are expected to be the fastest growing resin segment in the market owing to its heat resistant properties which facilitate its use in rackets and snowboards manufacturing. Epoxy resins are widely used along with carbon fiber for manufacturing skis, rackets, and bicycle parts.
Further key findings from the report suggest:
skis & snowboards due to growing adoption of water sports is expected to have a positive impact on the industry growth over the next eight years.
these products are likely to drive demand.
industry growth over the forecast period.
up and Puma are likely to open new avenues for the product market over the next eight years.
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Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Sherry James
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Grand View Research, Inc
Phone: 1-415- 349-0058
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Email: sales(at)grandviewresearch.com
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Datum: 20.12.2019 - 04:12 Uhr
Sprache: Deutsch
News-ID 1554917
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Typ of Press Release: Financial
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Date of sending: 20.12.2019
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