DUBLIN, April 20, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Sports Composites Market - Global Forecasts to 2021" report to their offering.
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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 increasing number of patents filed for composites-based sporting goods by global players, growing manufacturing industries, and continuous new product launches, agreements, and expansion activities undertaken by companies are key factors for the growth of the global sports composites market.
The epoxy resin-based sporting goods is expected to be the fastest-growing resin type in sports composites market, as it has excellent mechanical, electrical, and high heat resistance properties. In addition, in terms of fiber type, carbon fiber is expected to be the fastest-growing fiber type in the sports composites market. This is because of the increased tensile strength, durability, impact absorption, resistance, stiffness, and lightweight properties of carbon fiber.
The Asia-Pacific region, being the largest market for composite-based sporting goods is projected to register the highest CAGR, in terms of value, between 2016 and 2021. This growth is mainly due to the rising demand for superior performance products in the skis & snowboards applications, demand from golf stick applications, easy availability of raw materials, low labor costs, and increasing expansion and other development strategies in the region. Contributions of various research organizations toward the research & development of composites and enhancement of its commercialization are also some of the key growth factors for the market in Asia-Pacific.
The sports composites market is rapidly gaining importance but few factors act as a bottleneck toward its growth. The high cost of carbon fiber, impact of change in climatic conditions on winter sports equipment market, and no major research and technological advancements are the major restraints toward the growth of the sports composites market.
Key Topics Covered:
1 Introduction
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
Companies Mentioned:
For more information visit http://www.researchandmarkets.com/research/pcchrl/sports_composites
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