The global sports composites market size and growth were valued at USD 3.9 billion in 2021 and predicted to touch USD 5.6 billion in 2029, increasing at a single-digit CAGR of 4.7% from 2022-2029. The growing need for lightweight tools in sports equipment is a key driver propelling the global market growth. The increasing use of composites, specifically in golf clubs and rackets, is projected to further drive market growth in the forecast period. Additionally, the increasing demand for robust materials in the manufacturing of skis, hoverboards, and rackets is projected to propel growth in the Sports Composites market. The growing investment in the development of new products that improve the strength and power of hockey sticks and golf clubs by decreasing weight is predicted to foster the need for carbon composites. The significant rise in the utilization of carbon fiber in the form of prepreg and textiles around different sports applications is predicted to contribute to increased demand.

In the sports composite industry, the segmentation by application includes hockey sticks, bicycles, skis & snowboards, and golf clubs. The bicycle segment is predicted to have high growth in the forecast period, attributed to the growing need for lightweight bicycles in competitive sports and recreational activities. The usage of carbon composites in bicycle frames not only significantly decreases weight but also develops bike control. In addition, the growing demand for carbon-reinforced bicycle frames, propelled by cost deductions, is projected to further present a positive market demand in the forecast period. furthermore, the increasing usage of glass-reinforced plastics as a protective layer in skis and snowboards contributes to improved control for players. The application of glass composites in skis leads to developed geometry, decreased equipment costs, and decreased instances of bond failures, thereby propelling sports composites market growth globally in the forecast period.

North America registered market growth due to high technological innovations that led to increased use of composites in different sports equipment like polo sticks and others. The increasing demand for artificial turf in American football, golf, and basketball courts is predicted to be a foremost driver for growth in the forecast period. Whereas, Europe is predicted to witness steady growth due to rise in number of sports composites manufacturers, leading to widespread product accessibility at competitive rates. Furthermore, the growing implementation of sports in European nations, is predicted to people the market growth in the coming period.