The Global Carbon Fiber In Sports Equipment Market size is projected to witness a CAGR of 12.5% from 2021-2028. The growth can be attributed to the increasing demand for lightweight and durable products with high-performance characteristics, which are made from carbon fibers. In addition, the rise in investments by automotive industries in advanced materials such as carbon fiber has resulted in increased usage of these materials across various applications including auto parts and composite material components.
Carbon fiber is a long, thin strand of material composed mostly of carbon atoms. The unique properties of carbon fiber make it an ideal material for use in sports equipment. Carbon fiber is strong and lightweight, making it perfect for products that need to be both durable and portable. Carbon fiber is extensively used in sports equipment due to its unique properties such as high strength-to-weight ratio, stiffness, and excellent thermal insulation. It helps in reducing the weight of the equipment without compromising on performance. Additionally, it also enhances the durability of the sports equipment.
On the basis of Type, the global carbon fiber in sports equipment market is segmented into Pitch-Based, PAN Based, and Others.
Pitch-Based carbon fiber is made up of two materials: a polymer matrix and long, thin carbon fibers. The polymer acts as a glue to hold the carbon fibers together, while also providing strength and stiffness to the final product. Pitch is used as the main source of carbon in these fibers, which gives them high thermal stability. This type of carbon fiber is often used in applications that require a high level of heat resistance, such as aerospace and automotive parts.
PAN-based carbon fiber is a high-performance material that has excellent mechanical and physical properties. It is made of polyacrylonitrile (PAN), which is a synthetic polymer used to make fibers, films, and plastics. PAN-based carbon fiber has good dimensional stability, low thermal expansion coefficient, low moisture absorption, high tensile strength, and high modulus. These properties make it an ideal material for use in sports equipment.
On the basis of Application, the global carbon fiber in sports equipment market is segmented into Sports Sticks, Rackets, Skis and Snowboards.
Carbon fiber is extensively used in sports equipment to enhance the performance of athletes. The application of carbon fiber in sports sticks helps increase the power and accuracy while hitting the ball. It also reduces the weight of the stick, which makes it easier for players to carry and swing around. Carbon fiber is also used in making golf clubs, hockey sticks, and cricket bats. Carbon fiber is used in the shafts of hockey sticks to increase their strength and durability. These sticks are widely preferred by ice hockey players due to their lightweight property which offers excellent control over stick handling with enhanced power generation capacity. It also helps in improving the ball striking accuracy.
Carbon fiber is extensively used in the manufacturing of rackets. It significantly enhances the strength and stiffness of the racket while reducing its weight. This improves the power and speed of the racket shots. Additionally, carbon fiber also helps in better shock absorption, which minimizes the vibrations caused by impact. This gives players a more comfortable playing experience. Some of the popular racket brands that use carbon fiber in their products are Wilson, Head, Prince, and Yonex. Carbon fiber is also used to make tennis racquets, squash rackets, badminton racquets, and other sports rackets. It is a preferred material for this equipment due to its high strength-to-weight ratio and stiffness.
Carbon fiber is widely used in skis and snowboards to provide stiffness, strength and durability. It helps in reducing the weight of the equipment without compromising on performance. Additionally, it also enhances the overall look of the ski or snowboard. Ski manufacturers are increasingly using carbon fiber in their products as it allows them to create unique shapes and designs. Snowboard manufacturers are also using carbon fiber to improve the overall performance of their products. Carbon fiber is a preferred material for these applications as it provides better stability and stiffness than other materials such as fiberglass or aluminum. This has led to an increase in the demand for carbon fiber in sports equipment, especially skis and snowboards.
On the basis of Region, the global carbon fiber in sports equipment market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The North American market is estimated to account for the largest share of the global carbon fiber in the sports equipment market. The growth of this region can be attributed to the presence of some big players operating in North America, such as Cytec Solvay Group (U.S.) and SGL Carbon SE (Germany). The U.S. is the dominant country in this region, owing to the presence of major players such as Hexcel Corporation (U.S.), Mitsubishi Rayon Co., Ltd. (Japan), and Toray Industries, Inc. (Japan).
The Asia Pacific is expected to be the fastest-growing market for carbon fiber in sports equipment during the forecast period. The growth of this region can be attributed to the increase in disposable income and rising demand for luxury goods. The market in Europe is expected to grow at the second-highest CAGR during the forecast period. The growth of this region can be attributed to the increasing demand for carbon fiber in sports equipment from countries such as Germany, France, Italy, and Spain.
The growth of the global carbon fiber in the sports equipment market can be attributed to several factors, such as the increase in the popularity of outdoor activities and rising disposable income. The increasing demand for high-performance sports equipment is also expected to drive the growth of the market during the forecast period. Additionally, innovations in carbon fiber technology are projected to offer new product opportunities for the manufacturers in the coming years.
Up Market Research published a new report titled “Carbon Fiber in Sports Equipment Market research report which is segmented by Types (PAN-Based, Pitch-Based, Others), By Applications (Sports Sticks, Rackets, Skis and Snowboards, Others), By Players/Companies Hexcel, SGL Group, TEIJIN, Toray Industries, Cytec Solvay Group, DowAksa, Reliance Industries, Nippon Graphite Fiber, Taekwang Industrial, Weihei Tuozhan Fiber, ZOLTEK Carbon Fiber, Zhongfu Shenying Carbon Fiber”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Carbon Fiber in Sports Equipment Market Research Report |
By Type | PAN-Based, Pitch-Based, Others |
By Application | Sports Sticks, Rackets, Skis and Snowboards, Others |
By Companies | Hexcel, SGL Group, TEIJIN, Toray Industries, Cytec Solvay Group, DowAksa, Reliance Industries, Nippon Graphite Fiber, Taekwang Industrial, Weihei Tuozhan Fiber, ZOLTEK Carbon Fiber, Zhongfu Shenying Carbon Fiber |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 215 |
Number of Tables & Figures | 151 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type PAN-Based, Pitch-Based, Others and By Application Sports Sticks, Rackets, Skis and Snowboards, Others.
Some of the companies that are profiled in this report are:
Carbon Fiber in Sports Equipment Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Carbon Fiber in Sports Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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