Sports Composites Market Projected to Reach USD 6.92 Billion by 2034, Expanding at a CAGR of 5.6%

Global Sports Composites Market size and share is currently valued at USD 4.00 billion in 2024 and is anticipated to generate an estimated revenue of USD 6.92 billion by 2034 according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 5.6% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2025 – 2034
Market Definition
The sports composites market includes advanced materials like carbon fiber, fiberglass, and epoxy resins used in manufacturing sports equipment such as tennis rackets, bicycles, golf clubs, and hockey sticks. These composites offer high strength-to-weight ratios, durability, and performance enhancement, making them popular in professional and amateur sports. The market is growing with rising interest in fitness, sports participation, and technological innovation in equipment design. However, high manufacturing costs and sustainability concerns regarding recycling remain challenges.
Key Report Highlights
- The report highlights the key region that accounts for the highest revenue share in the global Sports Composites market.
- It identifies the leading country within this region that makes a significant contribution to the market’s overall performance.
- The report outlines the dominant segment that holds a major share of the market.
- It also emphasizes the fastest-growing segment projected to gain strong traction during the forecast period.
- Qualitative and quantitative market analysis have been used to provide an in-depth understanding of the market.
Market Overview: Key Figures at a Glance
Market Size in 2024 – USD 4.00 billion
Market Size in 2025 – USD 4.22 billion
Revenue Forecast by 2034 – USD 6.92 billion
CAGR – 5.6% from 2025 to 2034
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Market Growth Drivers
The sports composites market is driven by the increasing demand for lightweight, durable, and high-performance materials in the manufacturing of sports equipment. Athletes and consumers alike are seeking products that enhance speed, strength, and comfort, making composites such as carbon fiber and fiberglass ideal for items like tennis rackets, bicycles, golf clubs, and hockey sticks. Rising participation in sports and fitness activities, coupled with growing investments in professional sports leagues and events, boosts product innovation. Technological advancements that improve manufacturing efficiency and material properties are also influencing the market. Additionally, the personalization and premiumization trends in sports equipment are driving demand for composite-based products.
Market Key Players
The competitive landscape features a mix of long-standing companies and emerging contenders. Sports Composites Market Leading players are actively pursuing R&D initiatives and strategic moves to strengthen their market position. Notable participants include
- Mitsubishi Chemical Group Corp.
- TORAY INDUSTRIES, INC.
- TEIJIN LIMITED.
- SGL Carbon
- Arvind Composite
- Epsilon Composite
- Advanced Composites, Inc.
- Hexcel
- Rockman Advanced Composites
- New Era Materials
- ACP COMPOSITES, INC.
- ARRIS Composites, Inc.