Research analysis on the global sports composites market shows that increasing sports activities from developing countries will be one of the major factors influencing the growth of the market. The increasing spending capacity of the developing countries has led to an increase in the demand for sports products. For instance, the increasing demand from developing countries of APAC will drive the market growth for composites materials over the next few years. Additionally, implementation of initiatives from the government to encourage physical activities and rising health awareness have resulted in the increasing need for sports equipment, which, in turn, will subsequently lead to the growth of the sports composites market. Technavio's market research analysts predict that this market will grow at a CAGR of around 6% by 2021.
The advent of innovative techniques for recycling composite materials will be one of the latest trends that will gain traction in the sports composites market during the next four years. The implementation of stringent regulations on the disposal of the materials in landfills has created a demand for recycling composite materials. Currently, the methods used are mechanical recycling for glass fiber-reinforced composites and thermal and chemicals methods for carbon fiber-reinforced composites, which are extremely cost effective.
Competitive landscape and key vendors
Owing to the presence of a considerable number of vendors, the market is highly competitive. The vendors in the market are focusing on the reduction of composites? manufacturing costs to satisfy the demands of the end-user industries. According to our market research experts, the level of competition among vendors will intensify based on the products offered and the cost of raw materials.
The leading vendors in the market are -
The other prominent vendors in the market are Attwater & Sons, Gordon Composites, Rockwood Composites, Protech Composites, and Saint-Gobain Vetrotex.
Segmentation by material and analysis of the sports composites market
During 2016, the carbon filters segment accounted for the major shares in this market. Carbon composites are used to create sports utility goods as they have high strength and are light weight in nature. The segment has witnessed an increasing demand from the rackets and bicycles segment, which will boost the market's growth during the forecast period.
Geographical segmentation and analysis of the sports composites market
This market study estimates that in terms of key geographies, APAC will be the major revenue contributor to the market by 2021. The region is witnessing a growth in the preference for health and fitness activities, which will subsequently result in the growth of the market. Additionally, the region is characterized by the presence of low-cost labor, which, in turn, will lead to an increase in the production of sports equipment in the region.
Key questions answered in the report include
What will the market size and the growth rate be in 2021?
What are the key factors driving the global sports composites market?
What are the key market trends impacting the growth of the global sports composites market?
What are the challenges to market growth?
Who are the key vendors in the global sports composites market?
What are the market opportunities and threats faced by the vendors in the global sports composites market?
Trending factors influencing the market shares of the Americas, APAC, Europe, and MEA.
What are the key outcomes of the five forces analysis of the global sports composites market?
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This industry research report on the global sports composites market by Technavio is an integral part of the chemicals and materials portfolio and offers insights into the major trends and evolving drivers inducing the growth of the textile, fiber, and composites industry. The market research experts at Technavio also take into account the market forecast, market size, and increasing demand for various textile, fiber, and composites products and services and offers an all-inclusive picture of the global sports composites market for the estimated period of 2017-2021.
This upcoming market research report on the global sports composites market covers vendors like Topkey Corporation, Rossignol, Fischer Sports GmbH, and Amer Sports. To offer clients the scope to identify potential market opportunities and expand in niche markets, this report on the global sports composites market also covers geographies like the Americas, APAC, and EMEA.
As per our market research specialists,?increasing demand for lightweight materials from sports & recreation goods equipment may influence the demand for sports composites in the coming years. Our market research analysis includes qualitative and quantitative research techniques like vendor analysis, drivers, challenges, and trend analysis. Additionally, an analysis of the market share and market size using statistical models is also carried out to help clients develop active growth strategies and keep pace with the frequently changing market landscape.
The upcoming industry report on the global sports composites market also offers insights into fast-growing segments within the chemicals and materials industry, including sectors like bio-chemicals and bio-materials and additives, adhesives, and sealants. Furthermore, this report also presents insights into the varying competitive landscape to give clients a realistic picture of the future direction of the industry.
Our market research methodology for the sports composites market
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