NetComposites
Thermwood

Slow Growth for Composites in Sporting Goods

02 December 2005

Consumption of most types of advanced materials, particularly composites, is projected to grow relatively slowly in the high performance sports products market over the next 5 years

According to a soon-to-be-released technical market research report, Materials and Devices for High Performance Sports Products from Business Communications Co, the total consumption of advanced materials and devices of the sports covered is estimated to be $703 million in 2005 and is expected to rise at an average annual growth rate (AAGR) of 3.0% to $816 million in 2010.

Advanced materials (including metals/alloys, ceramics, polymers, composites, and nanomaterials) will account for over 98% of the total market throughout the forecast period. Consumption of most types of advanced materials, particularly composites, is projected to grow relatively slowly. This is mainly the result of saturation in some key markets such as tennis equipment, which have a relatively long history of using composites and other advanced materials.

The main exception is nanomaterials, which should experience strong growth (over 100% AAGR) over the rest of the decade. Golf- and tennis-related markets for nanomaterials are expected to be particularly strong.

The largest sports in terms of their consumption of advanced materials and devices are cycling, boating, golf, fishing and hiking/camping. Together these five sports accounted for nearly three-quarters of the market for advanced materials and devices in sports equipment in 2004 and a projected 69% in 2010.





Share this story


Related / You might like...

Case Study: ENATA’s High Performance Foiler

The ENATA FOILER is a radical evolution in motor yacht design with its unique hydro-foiling system effortlessly flying the yacht 1.5 m above the waves.

CRP Discusses 3D Printing in Boat Building

CRP Technology will present its Selective Laser Sintering (SLS) technology and patented Windform composite materials at the MetsTrade 2018 marine equipment, materials and systems trade show on 13-15 November in Amsterdam, the Netherlands.

Compotec Scheduled for April 2019

The 11th edition of the Compotec, the Italian exhibition dedicated to composite materials, will take place in Marina di Carrara on 3-5 April 2019.