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Global Carbon Fiber in Sports Equipment Market 2017-2021

Global Carbon Fiber in Sports Equipment Market 2017-2021

About Carbon Fibre

Carbon fibers (CF) are made up of almost 90% or more of carbon. Each carbon fiber filament has a diameter of 5-15 micron. Numerous parallel filaments are naturally and collectively grouped, and this is referred to as a carbon fiber tow. The term tow count indicates the number of filaments that are present per tow and is frequently expressed with nomenclature like 24K where the letter K denotes the number 1,000.

Technavio’s analysts forecast the global carbon fibre in sports equipment market to grow at a CAGR of 6.92% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global carbon fibre in sports equipment market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of sports equipment such as sports sticks, rackets, skis and snowboards, and other sports equipment such as fishing rods, bicycles, cricket bats, and paddles and windsurfing masts that are manufactured using carbon fibers.

The market is divided into the following segments based on geography:

  • APAC
  • Europe
  • North America
  • ROW
Technavio's report, Global Carbon Fibre In Sports Equipment Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Hexcel
  • Mitsubishi Rayon
  • SGL Group
  • TEIJIN
  • Toray Industries
Other prominent vendors
  • Cytec Solvay Group
  • DowAksa
  • Kemrock Industries and Exports
  • Nippon Graphite Fiber
  • Taekwang Industrial
  • Weihei Tuozhan Fiber
  • ZOLTEK Carbon Fiber
  • Zhongfu Shenying Carbon Fiber
Market driver
  • Growing use of lightweight carbon fibers in the manufacture of sports sticks and rackets.
  • For a full, detailed list, view our report
Market challenge
  • Availability of substitutes and counterfeit products.
  • For a full, detailed list, view our report
Market trend
  • Emergence of new carbon fiber applications in sports and recreational equipment segment.
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Carbon Fibre In Sports Equipment Market 2017-2021

Technavio recognizes the following companies as the key players in the global carbon fibre in sports equipment market: Hexcel, Mitsubishi Rayon, SGL Group, TEIJIN, and Toray Industries.

Other prominent vendors in the market are: Cytec Solvay Group, DowAksa, Kemrock Industries and Exports, Nippon Graphite Fiber, Taekwang Industrial, Weihei Tuozhan Fiber, ZOLTEK Carbon Fiber, and Zhongfu Shenying Carbon Fiber.

Commenting on the report, an analyst from Technavio’s team said: “One of latest trends in the market is probability of the market becoming oligopolistic. The market is highly oligopolistic in nature, with some sections witnessing monopoly or duopoly because of proprietorship over the manufacturing technology and high costs associated with R&D. TEIJIN and SGL Group, which have been enjoying an absolute monopoly in most markets in leading countries because of the strong brand names, are facing growing competition from players such as Cytec Solvay, Hexcel, Mitsubishi Rayon, and Toray Industries. Vendors operating in this market and sports equipment manufacturers play a major role in the growth of the market. The competition is likely to intensify in most countries and this is expected to be beneficial for end-consumers, thereby contributing to the market's growth.”

According to the report, one of the primary drivers in the market is growing use of lightweight carbon fibers in the manufacture of sports sticks and rackets. Carbon fibers are highly preferred for the manufacture of sports equipment like sports sticks and rackets, primarily due to their advanced properties such as light weight, high strength to weight ratio, improved resistance, and stiffness. Carbon fibers are used extensively for the manufacture of golf club shafts, as these materials render a better swing to golf clubs. As carbon fibers are lightweight, their use can decrease the mass of golf shafts — a property that allows a club designer to increase the head mass without increasing the mass of the overall club. As golf clubs made of carbon fibers have lower weight, they can be used to hit golf balls at a higher initial velocity and for a longer distance due to damping characteristics. As such, graphite golf shafts are more preferred than steel shafts due to the versatility of carbon fibers.

Further, the report states that one major challenge in the market is high production costs. The R&D and manufacturing costs of carbon fibers are high (almost 8 times than that of steel). The high production cost of carbon fibers is of particular concern as it increases the average price of the material, which ranges between $40 and $50 per pound. A minor share of the increased procurement costs is absorbed by vendors, while the major share is translated to higher prices for consumers. Hence, this is foreseen to be a challenge in the future. Moreover, the production of larger volumes of these products (which would average out production costs and hence, result in lower product prices) could become a challenge with increasing demand.

Companies Mentioned

Hexcel, Mitsubishi Rayon, SGL Group, TEIJIN, Toray Industries, Cytec Solvay Group, DowAksa, Kemrock Industries and Exports, Nippon Graphite Fiber, Taekwang Industrial, Weihei Tuozhan Fiber, ZOLTEK Carbon Fiber, Zhongfu Shenying Carbon Fiber.

  • Executive summary
  • Scope of the report
    • Market overview
      • Table Global carbon fiber in sports equipment market
      • Table Global carbon fiber in sports equipment market by material type
      • Table Global carbon fiber in sports equipment market by application
      • Table Global carbon fiber in sports equipment market by geography
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
    • Product definition
      • Table Classification of carbon fibers based on modulus
    • Production process
    • Substitutes and comparison
      • Table Comparison between glass, aramid, and carbon fibers
  • Market landscape
    • Global carbon fiber in sports equipment market
      • Table Global carbon fiber in sports equipment market 2016-2021 ($ millions)
      • Table Segment forecast of global carbon fiber in sports equipment market 2016-2021 ($ millions)
    • Global customer base concentration
      • Table Global carbon fiber in sports equipment market: Concentration of customer base by region.
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by material type
    • Global carbon fiber in sports equipment market by material type
      • Table Global carbon fiber in sports equipment market by material type 2016 (% share)
      • Table Global carbon fiber in sports equipment market by material type 2021 (% share)
      • Table Year on Year (YoY) market share of carbon fiber in sports equipment by material type 2016-2021
    • Global PAN-based 34carbon fiber in sports equipment market
      • Table Global PAN-based carbon fiber in sports equipment market 2016-2021 ($ millions)
      • Table Year-wise forecast of global PAN-based carbon fiber in sports equipment market 2016-2021 ($ millions)
    • Global pitch-based carbon fiber in sports equipment market
      • Table Global pitch-based carbon fiber in sports equipment market 2016-2021 ($ millions)
      • Table Year-wise forecast of global pitch-based carbon fiber in sports equipment market 2016-2021 ($ millions)
    • Global other material-based carbon fiber in sports equipment market
      • Table Global other material-based carbon fiber in sports equipment market 2016-2021 ($ millions)
      • Table Year-wise forecast of global other material-based carbon fiber in sports equipment market 2016-2021 ($ millions)
  • Market segmentation by application
    • Global carbon fiber in sports equipment market by application
      • Table Global carbon fiber in sports equipment market by application 2016 (% share)
      • Table Global carbon fiber in sports equipment market by application 2021 (% share)
      • Table YoY market share of global carbon fiber in sports equipment market by application 2016-2021
    • Global carbon fiber in sports sticks market
      • Table Global carbon fiber in sports sticks market 2016-2021 ($ millions)
      • Table Year-wise forecast of carbon fiber in sports sticks market 2016-2021 ($ millions)
    • Global carbon fiber in rackets market
      • Table Global carbon fiber in rackets market 2016-2021 ($ millions)
      • Table Year-wise forecast of carbon fiber in rackets market 2016-2021 ($ millions)
    • Global carbon fiber in skis and snowboards market
      • Table Global carbon fiber in skis and snowboards market 2016-2021 ($ millions)
      • Table Year-wise forecast of carbon fiber in skis and snowboards market 2016-2021 ($ millions)
    • Global carbon fiber in other sports equipment market
      • Table Global carbon fiber in other sports equipment market 2016-2021 ($ millions)
      • Table Year-wise forecast of carbon fiber in other sports equipment market 2016-2021 ($ millions)
  • Geographical segmentation
    • Global carbon fiber in sports equipment market by geography
      • Table Global carbon fiber in sports equipment market by geography 2016 (% share)
      • Table Global carbon fiber in sports equipment market by geography 2021 (% share)
      • Table Carbon fiber production across countries 2014
      • Table YoY share of carbon fiber in sports equipment market by geography 2016-2021
    • Carbon fiber in sports equipment market in North America
      • Table Carbon fiber in sports equipment market in North America 2016-2021 ($ millions)
      • Table Year-wise forecast of carbon fiber in sports equipment market in North America 2016-2021 ($ millions)
    • Carbon fiber in sports equipment market in Europe
      • Table Carbon fiber in sports equipment market in Europe 2016-2021 ($ millions)
      • Table Year-wise forecast of carbon fiber in sports equipment market in Europe 2016-2021 ($ millions)
    • Carbon fiber in sports equipment market in APAC
      • Table Carbon fiber in sports equipment market in APAC 2016-2021 ($ millions)
      • Table Year-wise forecast of carbon fiber in sports equipment market in APAC 2016-2021 ($ millions)
    • Carbon fiber in sports equipment market in ROW
      • Table Carbon fiber in sports equipment market in ROW 2016-2021 ($ millions)
      • Table Year-wise forecast of carbon fiber in sports equipment market in ROW 2016-2021 ($ millions)
  • Key leading countries
  • Market drivers
    • Growing use of lightweight carbon fibers in the manufacture of sports sticks and rackets
    • Superior properties of carbon fibers finding usage in the manufacture of advanced sports equipment
    • High demand from APAC and other emerging regions
      • Table Real GDP growth rate of major countries in APAC 2014 and 2015 (%)
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • High production costs
      • Table Breakdown of the production and marketing costs of carbon fibers
      • Table Breakdown of manufacturing costs of carbon fibers
    • Increasing competition among vendors
    • Availability of substitutes and counterfeit products
    • Lack of processing technologies and no innovative breakthrough in research and technology
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Probability of the market becoming oligopolistic
    • Evolution of novel products
    • Emergence of new carbon fiber applications in sports and recreational equipment segment
  • Vendor landscape
    • Competitive scenario
      • Table Key vendors of global carbon fiber in sports equipment market 2016
    • Other prominent vendors
    • Hexcel
      • Table Hexcel: Business segmentation by revenue 2015
      • Table Hexcel: Geographical segmentation by revenue
    • Mitsubishi Rayon
      • Table Mitsubishi Rayon: Segmentation by business 2015
    • SGL Group
      • Table SGL Group: Business segmentation by revenue 2015
      • Table SGL Group: Geographical segmentation by revenue 2015
    • TEIJIN
      • Table TEIJIN: Business segmentation by revenue 2016
      • Table TEIJIN: Geographical segmentation by revenue 2015
    • Toray Industries
      • Table Toray Industries: Business segmentation by revenue 2015
      • Table Toray Industries: Geographical segmentation by revenue 2015
  • Appendix
    • List of abbreviations
  • Explore Technavio

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