DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Sports Composites Market - Global Forecasts to 2021" report to their offering.
The global market size of composites-based sporting goods, in terms of value, is projected to reach USD 3.75 Billion by 2021, registering a CAGR of 5.59% between 2016 and 2021.
The major drivers fueling the growth of the sports composites market are increasing use of lightweight materials in sporting goods equipment and growing demand of composites from golf stick and racket application segments.
The two important considerations that influence the use of shaft materials for design of golf shaft and club performance are swing and strike. Therefore, the use of composites in the manufacturing and production of golf club shafts and club heads has been aided, as these materials offer lighter weight, a high tech image to a rather affluent market, and variety of design options that are not available with traditional steel material.
In addition, the change in rules of United States Golf Association (USGA) allows the golfer to purchase multiple and interchangeable shafts for a single club, thereby, enabling an easy change to a shaft design that offers the desirable characteristic. This is why; golf stick is projected to be the fastest-growing application in the sports composites market.
Asia-Pacific is the fastest-growing region in the sports composites market. Easy availability of raw materials, low labor costs, growing manufacturing industries, new product developments, capacity expansions, and new plant establishments by various leading players are few factors leading to the growth of the sports composites market in this region.
China & Taiwan dominated the market for composites-based sporting goods in Asia-Pacific. Its consumption of composites has grown exceptionally and is expected to witness further growth in the near future. The increased number of joint ventures & collaborations between composite manufacturers and OEMs are driving the growth of market for composite-based sporting goods in the country.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Sports & Recreation Composites Market, By Resin Type
7 Sports & Recreation Composites Market, By Fiber Type
8 Sports & Recreation Composites Market, By Application
9 Sports & Recreation Composites Market, By Region
10 Competitive Landscape
11 Company Profiles
- Aldila Inc.
- Amer Sports
- E. I. Du Pont De Nemours And Company
- Fischer Sports Gmbh
- Hexion Inc.
- Jarden Corporation
- Sgl Group
- Topkey Corporation
Toray Industries Inc.
For more information visit http://www.researchandmarkets.com/research/bdxpgs/sports_composites