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credenceresearchdotblog · 18 days ago

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The Sports Composites Market is anticipated to grow from USD 4,725.00 million in 2024 to USD 6,927.97 million by 2032, with a compound annual growth rate (CAGR) of 4.9%. The global sports composites market is experiencing significant growth due to increasing demand for high-performance materials across various sports equipment. Composites, which are materials formed by combining two or more constituent materials with distinct properties, offer remarkable benefits such as strength, durability, and lightweight structure, making them ideal for high-performance sports applications. From racquets to bicycles, skis to helmets, sports composites are shaping the evolution of modern sports equipment, enhancing athlete performance and safety.

Browse the full report https://www.credenceresearch.com/report/sports-composites-market

Market Overview

The sports composites market has shown strong growth over the past decade and continues to expand, driven by rising participation in sports, advancements in composite technology, and a growing emphasis on equipment that improves performance. According to recent industry reports, the global sports composites market is expected to maintain a robust growth rate, attributed to factors such as increased government investments in sports infrastructure, growing consumer disposable income, and increased participation in outdoor recreational activities.

Key Materials in Sports Composites

1. Carbon Fiber: Known for its high strength-to-weight ratio, carbon fiber is the most widely used material in sports composites, particularly in high-end sports equipment like bicycles, tennis racquets, and golf clubs. Carbon fiber is not only lightweight but also offers excellent stiffness and durability, allowing athletes to perform with increased precision and reduced energy expenditure. The material's high cost is a limiting factor, but its superior performance justifies its use in professional and competitive sports.

2. Glass Fiber: More cost-effective than carbon fiber, glass fiber is often used in applications where high strength and moderate weight are acceptable but cost is a concern. Glass fiber composites are common in sports such as windsurfing, snowboarding, and hockey, providing durability and flexibility.

3. Aramid Fiber: Known for its impact resistance and strength, aramid fiber composites are used in protective gear, such as helmets and body armor. They provide athletes with enhanced safety, especially in high-impact sports, making them essential for professional and recreational players alike.

Key Applications

Sports composites have a wide array of applications across various sports, catering to the specific needs of each sport to improve safety, performance, and durability.

1. Racquet Sports: Tennis, badminton, and squash racquets use carbon fiber and glass fiber composites extensively to provide better control, power, and reduced vibration. By reducing the weight of racquets, composites make it easier for athletes to swing faster and generate greater force without compromising control or stability.

2. Cycling: High-end bicycles use carbon fiber composites for lightweight yet highly durable frames. With the help of composites, cyclists can achieve higher speeds with reduced energy expenditure, which is crucial in competitive cycling events. Additionally, composites improve the bike's handling, giving cyclists a competitive edge in terms of maneuverability and comfort.

3. Water Sports: Surfboards, kayaks, and rowing equipment utilize composites, primarily glass and carbon fibers, to ensure that the equipment is strong enough to handle the stresses of water sports. Composites also offer a high degree of corrosion resistance, extending the lifespan of equipment exposed to saltwater environments.

4. Winter Sports: In sports such as skiing and snowboarding, composites allow manufacturers to develop lightweight, durable, and flexible boards that enhance control and performance on the slopes. Composite-based equipment improves impact resistance, which is essential in the rough and tumble of winter sports.

5. Protective Gear: Composites are also used in protective gear such as helmets, shin guards, and body armor, providing lightweight yet highly durable protection. Aramid fibers like Kevlar are particularly popular in helmets for their impact resistance.

Market Drivers and Trends

The primary drivers behind the growth of the sports composites market include technological advancements, increased consumer demand for high-performance sports equipment, and the growing awareness of the health benefits associated with sports. Key trends shaping the market are:

1. Sustainability Initiatives: As the industry seeks to reduce its environmental impact, the development of sustainable composites made from bio-based materials or recycled fibers is gaining momentum. Manufacturers are working on eco-friendly alternatives to traditional composites, responding to the growing consumer demand for sustainable sports equipment.

2. Customization and 3D Printing: The trend towards customization and personalization of sports equipment has led manufacturers to adopt 3D printing and other advanced manufacturing techniques. Custom composites tailored to an athlete's specific requirements can enhance comfort, fit, and performance, allowing athletes to perform at their best.

3. Increased Investment in Research and Development (R&D): Companies are heavily investing in R&D to develop innovative composite materials that are lighter, stronger, and more sustainable. This includes research on hybrid composites and nanocomposites that offer superior properties for high-performance applications.

Future Prospects

The future of the sports composites market looks promising, with growing applications in emerging sports and a continuous push for technological innovation. While cost remains a barrier to wider adoption in recreational sports, economies of scale and advancements in manufacturing are expected to make composite sports equipment more affordable over time. The increasing trend toward health and fitness is also anticipated to drive demand for sports composites, particularly as more people adopt active lifestyles.

Key Player Analysis:

Toray Industries, Inc.

Hexcel Corporation

Mitsubishi Chemical Corporation

SGL Carbon SE

Teijin Limited

Solvay S.A.

Owens Corning

Gurit Holding AG

Exel Composites

Celanese Corporation

Segmentations:

By Resin Type:

Acrylic

Epoxy

Polyamide

Polyurethane

Others (Polypropylene, etc.)

By Fiber Type:

Glass

Carbon

Other Fiber Type

By Application:

Golf Shafts

Hockey Sticks

Rackets

Bicycles

Others (Skis and Snowboards, etc.)

By Regional:

North America

U.S.

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Spain

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

South-east Asia

Rest of Asia Pacific

Latin America

Brazil

Argentina

Rest of Latin America

Middle East & Africa

GCC Countries

South Africa

Rest of the Middle East and Africa

Browse the full report https://www.credenceresearch.com/report/sports-composites-market

Contact:

Credence Research

Please contact us at +91 6232 49 3207

Email: [email protected]

Website: www.credenceresearch.com

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blueweave8 · 1 month ago

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United States Surfboard Market during Forecast Period 2023-2030

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated United States Surfboard Market size by value at USD 1.37 billion in 2023.During the forecast period between 2024 and 2030, BlueWeave expects United States Surfboard Market size to expand at a CAGR of 3.98% reaching a value of USD 1.8 billion by 2030. Major driving factors for United States Surfboard Market include Americans’ growing interest in surfing as a recreational activity and sport, particularly among younger generations. Thriving coastal tourism, media exposure, and surfing events further fuel demand. Advances in surfboard technology, including eco-friendly materials and customizable designs, also attract consumers. Additionally, the rise of surf schools and surfing communities, along with the sport's inclusion in global competitions like the Olympics, contribute to the market's expansion.

Sample Request @ https://www.blueweaveconsulting.com/report/united-states-surfboard-market/report-sample

Opportunity – Expanding E-commerce Sector in United States

The growth of e-commerce sector across the country significantly boosts the growth of United States Surfboard Market. Online platforms offer consumers easy access to a diverse range of surfboard styles, brands, and prices, enhancing purchasing convenience. As surfing gains popularity, particularly among younger demographics, e-commerce facilitates direct-to-consumer sales, reducing overhead costs for brands. Additionally, targeted online marketing and social media influence increase awareness and interest, driving sales and contributing to the overall expansion of United States Surfboard Market.

Impact of Escalating Geopolitical Tensions on United States Surfboard Market

Escalating geopolitical tensions could have both direct and indirect impacts on United States Surfboard Market. Disruptions in global trade can lead to supply chain issues, affecting the availability of raw materials like fiberglass, foam, and resin, essential for surfboard production. Increased tariffs and restrictions on imports from key surfboard manufacturing countries (e.g., China) can raise costs, leading to higher retail prices. Consumer sentiment may also shift, with economic uncertainty reducing discretionary spending on leisure goods like surfboards. Furthermore, geopolitical risks could affect travel and tourism, particularly to coastal areas, potentially reducing demand for surfboards from both local surfers and tourists. Overall, geopolitical instability may create cost pressures and reduce demand in United States Surfboard Market.

Online Distribution Channel to Grow Faster in US Surfboard Market

The online distribution channel segment is project to grow at a faster CAGR, driven by e-commerce convenience, broader selection, and competitive pricing. However, the offline segment remains the leader. The offline segment holds a larger market share of United States Surfboard Market, due to the tactile nature of surfboard purchases, where consumers prefer to physically inspect the boards, assess quality, and get personalized advice from specialists in surf shops. Additionally, many surfers value the expertise offered by local retailers, which enhances customer experience.

Competitive Landscape

United States Surfboard Market is fiercely competitive, with numerous companies vying for a larger market share. Major companies in the market include Solid Surfboards, Lost Surfboards, Firewire Surfboards, Orca, Gordon & Smith (G&S), Rusty Surfboards, Harbour Surfboards, USA Surfboard Shapers, and Blueprint Surf Company. These companies use various strategies, including increasing investments in their R&D activities, mergers and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in United States Surfboard Market.

BlueWeave Consulting & Research Pvt Ltd

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#United States Surfboard Market

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priyanshisingh · 5 months ago

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Surface Water Sports Equipment Market Analysis: Global Industry Trends and Forecast (2023-2032)

The Surface Water Sports Equipment Market is projected to grow from USD 35,396.3 million in 2024 to USD 64,360.37 million by 2032, with a compound annual growth rate (CAGR) of 7.76%.

Surface water sports equipment encompasses a wide range of gear and accessories designed for activities performed on the surface of water bodies, such as lakes, rivers, and oceans. This category includes equipment for sports like surfing, paddleboarding, kayaking, windsurfing, and wakeboarding. Surfboards, paddleboards, kayaks, and windsurfing rigs are some of the primary items, each tailored to specific sports that require unique design features for optimal performance. The market for surface water sports equipment is driven by growing interest in outdoor recreational activities, increased awareness of health and fitness, and the desire for adventure and experiences in natural settings. Technological advancements in materials, such as lightweight composites and durable polymers, have enhanced the performance, durability, and safety of these products.

Additionally, the trend towards eco-friendly and sustainable materials is gaining traction, with manufacturers offering equipment made from recycled or biodegradable materials. Innovations such as inflatable paddleboards and foldable kayaks are also expanding accessibility by making it easier to transport and store equipment. Furthermore, the rising popularity of water sports tourism and the growth of water sports communities and competitions are fueling market expansion.

Surface Water Sports Equipment Uses-

Surfing:

Surfboards: Used to ride ocean waves, surfboards come in various shapes and sizes, including longboards, shortboards, and funboards, each designed for different wave conditions and skill levels.

Bodyboards: Short, flexible boards used for riding waves while lying down, popular among beginners and younger enthusiasts.

Paddleboarding:

Stand-Up Paddleboards (SUPs): Used for standing and paddling on various water bodies, SUPs are versatile for activities like touring, racing, yoga, and fishing.

Inflatable SUPs: Offer convenience for transportation and storage, suitable for recreational paddling and travel.

Kayaking:

Recreational Kayaks: Designed for casual paddling on calm waters, these kayaks are stable and easy to maneuver.

Whitewater Kayaks: Built for navigating rapids and rough waters, featuring enhanced durability and maneuverability.

Sea Kayaks: Long and narrow kayaks designed for open water and coastal paddling, offering speed and storage for long trips.

Windsurfing:

Windsurfing Boards: Boards equipped with a sail, used to glide across the water with wind power, combining elements of surfing and sailing.

Sails and Rigs: Various sizes of sails and rigging systems to adapt to different wind conditions and skill levels.

Wakeboarding and Water Skiing:

Wakeboards: Boards used for being towed behind a boat, allowing riders to perform jumps and tricks on the wake created by the boat.

Water Skis: Skis used for gliding on the water’s surface while being towed by a boat, available in single or double ski formats for different skill levels.

Canoeing:

Canoes: Open-top boats paddled with single-bladed paddles, suitable for calm waters, rivers, and lake expeditions.

Inflatable Canoes: Portable and easy-to-store options for recreational paddling and travel.

Kitesurfing:

Kiteboards: Boards used in conjunction with a large controllable kite, allowing riders to harness wind power for propulsion and perform aerial maneuvers.

Kites and Control Bars: Equipment used to control the kite, available in various sizes to match different wind conditions and rider preferences.

Sailing:

Dinghies and Small Sailboats: Used for recreational sailing, racing, and training, offering hands-on experience with wind and water navigation.

Catamarans: Multi-hull boats providing stability and speed, popular for both recreational and competitive sailing.

Fishing:

Fishing Kayaks and SUPs: Specialized kayaks and paddleboards equipped with rod holders, storage compartments, and other features for fishing on water bodies.

Fishing Canoes: Stable and spacious canoes designed for anglers, providing ample room for fishing gear and movement.

Water Safety and Training:

Rescue Boards and Kayaks: Equipment used by lifeguards and rescue teams for efficient water rescues and safety operations.

Training Equipment: Boards and kayaks used in instructional settings to teach water sports skills and safety practices to beginners and enthusiasts.

Key Player Analysis

Paddle Surf

AIRE

Naish International

Rave Sports

O’Brien, BIC Sports

Aqua Marine

Belassi

BomBoard

Starboard

Solstice Sports

Surftech

Johnson Outdoors

More About Report- https://www.credenceresearch.com/report/surface-water-sports-equipment-market

Surface Water Sports Equipment Market Opportunities-

Technological Advancements:

Innovative Materials: Development of lightweight, durable, and eco-friendly materials can enhance performance and appeal to environmentally conscious consumers.

Smart Equipment: Integration of technology, such as GPS, fitness tracking, and connectivity features, into water sports equipment to attract tech-savvy consumers.

Sustainability Trends:

Eco-Friendly Products: Increasing demand for sustainable and biodegradable equipment presents opportunities for brands to develop and market environmentally friendly products.

Recycling Programs: Implementing take-back and recycling programs can attract eco-conscious customers and build brand loyalty.

Growing Popularity of Water Sports:

Rising Interest: The growing interest in water sports for fitness, leisure, and adventure presents a significant market opportunity.

Youth Engagement: Targeting younger demographics through school programs, camps, and youth-focused marketing campaigns can help cultivate long-term consumer bases.

Expansion in Emerging Markets:

Geographic Growth: Expanding into emerging markets in Asia, Latin America, and Africa, where rising incomes and increased tourism are driving interest in water sports.

Local Partnerships: Forming partnerships with local distributors, tourism operators, and sports clubs to establish a strong market presence.

Customization and Personalization:

Tailored Products: Offering customizable equipment to meet specific preferences and needs of individual consumers can differentiate brands in a competitive market.

Personalized Experiences: Providing personalized services, such as bespoke fitting and design consultations, can enhance customer satisfaction and loyalty.

Adventure and Travel Tourism:

Tourism Integration: Collaborating with travel and adventure tourism companies to offer water sports equipment as part of travel packages and experiences.

Resort Partnerships: Partnering with resorts and coastal destinations to provide rental and purchase options for tourists, capitalizing on the growing trend of experience-based travel.

Rental and Sharing Economy:

Rental Services: Establishing rental services for water sports equipment can cater to tourists and occasional users who prefer not to purchase their own gear.

Subscription Models: Implementing subscription-based models for equipment access can provide a steady revenue stream and appeal to consumers seeking flexibility.

Health and Fitness Trends:

Fitness Integration: Marketing water sports as a fun and effective way to stay fit can attract health-conscious consumers looking for alternative fitness activities.

Wellness Programs: Developing wellness programs that incorporate water sports, such as paddleboard yoga or kayaking retreats, can tap into the growing wellness market.

Competitive Sports and Events:

Sponsorship Opportunities: Sponsoring water sports events, competitions, and athletes to increase brand visibility and credibility.

Event Partnerships: Partnering with event organizers to provide equipment and promote products during high-profile water sports competitions.

E-commerce and Digital Marketing:

Online Sales Channels: Expanding online sales channels to reach a broader audience, offering convenience and accessibility to consumers.

Digital Engagement: Utilizing digital marketing strategies, including social media, influencer partnerships, and content marketing, to engage with consumers and build brand awareness.

Education and Training:

Training Programs: Offering training programs and certification courses for various water sports can drive equipment sales and foster community engagement.

Safety Initiatives: Promoting water safety through educational campaigns and partnerships with safety organizations to build trust and credibility.

Product Diversification:

New Product Lines: Expanding product lines to include accessories, apparel, and complementary gear can provide additional revenue streams.

Multi-Functional Equipment: Developing multi-functional and versatile equipment that can be used across different water sports can appeal to a wider audience.

Segments:

Based on Product Type:

Paddle Sports Equipment

Ski Sports Equipment

Board Sports Equipment

Based on Consumer Orientation:

Kids

Adults

Based on Sales Channel:

Wholesalers/Distributors

Hypermarkets/Supermarkets

Exclusive Stores

Multi-brand Stores

Franchise Sports Chain Outlets

Independent Sports Outlets

Online Retailers

Based on End User:

Beginner

Intermediate

Professional

Browse the full report – https://www.credenceresearch.com/report/surface-water-sports-equipment-market

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Phone: +91 6232 49 3207

Email: [email protected]

Website: https://www.credenceresearch.com

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trendingreportz · 7 months ago

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Carbon Fiber Reinforced Plastic Market - Forecast(2024 - 2030)

Carbon Fiber Reinforced Plastic Market Overview:

Carbon fiber reinforced plastic market size is forecast to reach $30.5 billion by 2030, after growing at a CAGR of 9.41% during 2024-2030, owing to the increasing adoption of carbon fiber reinforced plastics over conventional metallic alloys in various end-use industries such as automotive, aerospace, wind energy, and others. This is mainly due to the tensile strength carried by CFRP, which falls between 1500 and 3500 MPa, whereas its metallic counterparts such as aluminum and steel only possess tensile strength of 450–600 MPa and 750–1500 MPa, respectively. Growing demand from the aerospace industry and a rising preference for fuel-efficient and lightweight vehicles are the major factors driving the carbon fiber reinforced plastic (CFRP) market during the forecast period

Report Coverage

The report: “Carbon Fiber Reinforced Plastic (CFRP) Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the carbon fiber reinforced plastic (CFRP) Industry.

By Type: Thermoplastic (Polyether Ether Ketone (PEEK), Polypropylene, Nylon, Acrylic Resins, Polyamide Resins, PET, Polyphenylene Sulfide (PPS), Polyethylene, Polyurethane, Polyethersulfone, Polyetherimide (PEI), and Others), and Thermosetting (Epoxy Resin, Polyester Resin, Vinyl Ester Resin, Phenolic, Polyimide Resins, and Others)

By Application: Automobiles, Industrial, Aviation & Aerospace, Marine, Defense, Electrical & Electronics, Medical, Sports Equipment, Wind Energy, Civil Engineering, and Others

By Geography: Americas, Europe, Asia Pacific, RoW

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Key Takeaways

Europe dominates the carbon fiber reinforced plastic (CFRP) market, owing to the increasing demand and production of lightweight vehicles in the region. According to OICA, in 2018 the production of light commercial vehicles has increased by 2.5 % in Europe.

The carbon fiber reinforced plastics are being widely used to manufacture sport equipment such as golf shafts, bicycles, skis, surfboards, helmets, racquets, hockey sticks, baseball bats and several other products. Its low maintenance cost and corrosion resistance properties are the major factor driving the market in the sports sector.

The properties associated with CFRP such as good conductivity, flame resistance, high strength and vibration damping has facilitated their inclusion in several electrical and electronic products such as household appliances, audio systems, enclosures, electrical installations, interconnects, brushes and EMI shielding.

The X-Ray permeability, biological inertness coupled with high strength has paved the way for CFRP applications in Medical sector. Imaging equipment, orthopedics and surgical outfits are some of the common medical devices that employ CFRP.

Due to the COVID-19 Pandemic most of the countries has gone under lockdown, due to which operations of various industries such as automotive, defense, and aerospace has been negatively affected, which is hampering the carbon fiber reinforced plastic (CFRP) market growth.

By Type – Segment Analysis

The thermosetting segment held the largest share in the carbon fiber reinforced plastic (CFRP) market in 2019, owing to the superior characteristics of thermosetting CFRP over thermoplastic CFRP. Unlike thermoplastics, they retain their strength and shape even when heated. This makes thermosetting plastics well-suited to the production of permanent components and large, solid shapes. Furthermore, these components have outstanding high strength-to-weight ratio performance, enhanced dielectric strength, low thermal conductivity. Thus, thermoset CFRP find their use in varied applications owing to their heat resistant characteristics, excellent dimensional and chemical stability properties when exposed to high heat and more.

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By Application – Segment Analysis

The defense application held the largest share in the carbon fiber reinforced plastic (CFRP) market in 2019 and is growing at a CAGR of 9.42%, owing to its ability to reduce a weight of an object to a large extent while providing superior strength. Thus, there is an increasing demand of carbon fiber reinforced plastics from the defense industries to manufacture specialty components for missile systems, radar panels, body armors, helmets, rocket motor casing, artificial limbs, ballistics, nuclear submarine, propulsion systems and many more. Some of the materials used in military composites include Kevlar, fiberglass and carbon fiber. Countries like Russia, India and Japan are increasingly using composites in submarines, jets, sonar domes and truck components. U.S., U.K., India, and China are the major spenders on defense equipment and maintenance of army. M80 Stileto is the largest U.S. naval vessel built using carbon-fiber composites. Armored vehicles have conventionally used steel armor for protection; however, weight of these large trucks creates logistical problems. Therefore, the adoption of CFRP is increasing in these vehicles. U.S. DOD aims to replace UH-60 Black Hawk with Bell Helicopter’s V-280 which incorporates carbon fibers in its wings, fuselage, and tail. The need for agility at the time of sudden attacks and upgrading the defense technologies has led to the shift from conventional materials to fiber reinforced materials, which is anticipated to propel the carbon fiber reinforced plastic market during the forecast period.

By Geography – Segment Analysis

Europe region held the largest share in the carbon fiber reinforced plastic (CFRP) market in 2019 up to 34%, owing to the increasing defense, and aerospace sectors in the region. The CFRP are particularly attractive to defense applications because of their exceptional strength, better stiffness-to-density ratios and superior physical properties. Also, CFRP provides relatively stronger and stiffer fibers in a tough resin matrix. According to International Trade Administration (ITA), the Norwegian Government presented a core defense spending budget of USD 6.9 billion in 2019. The Norwegian defense budget accounted for 1.62% of Norway’s GDP in 2018. French civil aerospace industry in 2018 grew to €50.36 billion, out of total non-consolidated aerospace and defense aerospace revenues of €65.4 billion. This is a 1.2% increase over 2017. Also, France has put forth an agreement with the U.K government of $2.1 billion to build a prototype combat drone, which will further boost CFRP market growth. Thus, the increasing aerospace and defense industry in Europe is likely to influence the growth of the carbon fiber reinforced plastic market in Europe.

Drivers – Carbon Fiber Reinforced Plastic (CFRP) Market

Growing Wind Power Sector

As a consequence of drastic increase in energy demand, the conventional sources of energy are depleting very fast. Hence, the need to expand and utilize the renewable energy sources like wind power is growing. The wind power sector is increasing, as use of renewable energy sources results in less emission of greenhouse and other harmful gases such as SO2. The modern wind turbine are being increasingly used in wind power sector as they are cost-effective, more reliable and have scaled up in size to multi-megawatt power ratings. Wind Energy installations in APAC increased by 23.6%. This region is set to witness high growth for wind energy equipment and materials majorly driven by commitments of government of India and China towards green energy. Carbon fiber reinforced plastic is used primarily in the spar, or structural element, of wind blades longer than 45m/148 ft, both for land-based and offshore systems. Carbon fiber has known benefits for reducing wind turbine blade mass due to the significantly improved stiffness, strength, and fatigue resistance per unit mass compared to fiberglass. Due to the increasing adoption of wind power energy source, the demand for the carbon fiber reinforced plastic is also increasing, which acts as a driver for the carbon fiber reinforced plastic market during the forecast period.

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Stringent Government Regulation on Emission

Carbon fiber reinforced plastics are being extensively used in the automotive industries to reduce fuel consumption as well as emissions and to manufacture lightweight vehicles. Several governments across the world have imposed stringent standard emission and fuel economy regulations for vehicles. These standard regulations have compelled automotive OEMs to increase the use of lightweight materials such as carbon fiber reinforced plastics to assist in increasing the fuel economy of a vehicle while ensuring safety and performance. The emission regulation for light-duty cars such as Corporate Average Fuel Economy (CAFÉ) and Greenhouse Gas Emission standards sets fuel consumption standards for the vehicles. These regulations by the governments have made sure that the car manufacture henceforth might need to be manufacturing much lighter vehicles to obey as per these norms, which acts as a driver for the carbon fiber reinforced plastic market during the forecast period.

Challenges – Carbon Fiber Reinforced Plastic (CFRP) Market

High Cost of Carbon Fiber Reinforced Plastics

The cost of the carbon fiber reinforced plastics is at times supposedly higher. When compared with other traditional materials such as steel and aluminum, lightweight materials such as carbon fiber reinforced plastics (CFRP) and glass fiber reinforced plastics (GFRP) are costly. Composites of carbon fiber cost almost 1.5 to five times more than steel. High cost of fiber production inhibits large volume deployment. Therefore, precursor and processing costs need to be reduced. The high price of carbon fibers in many applications constrains the potential use of composites. Hence, the high cost of carbon fiber reinforced plastics may hinder with the carbon fiber reinforced plastics market growth during the forecast period. However, cost effective production methods coupled with high volume processing, assembly techniques and automation processes will lead to reduction of price in the near future.

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the carbon fiber reinforced plastic (CFRP) market. In 2019, the market of carbon fiber reinforced plastic (CFRP) has been consolidated by the top five players accounting for 40% of the share. Major players in the carbon fiber reinforced plastic (CFRP) market are SGL Carbon SE, Teijin Ltd., Toray Industries Inc., Cytec Industries Inc., Mitsubishi Rayon Co. Ltd., Farmosa Plastics Corporation, Nippon Carbon Co. Ltd., DowAksa Advanced Composites Holdings BV, Hexcel Corporation, and Hyosung Advanced Materials.

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Acquisitions/Technology Launches

In May 2016, Dowaska, Under secretariat of Defense Industries (SSM) and Turkish Aerospace Industries (TAI) have jointly opened The DowAksa Global Composites Center with an objective to advance Turkey’s carbon fiber and other reinforcement composites manufacturing mainly for aerospace applications in both defense and commercial aviation and the infrastructure, marine, wind energy and transportation sector.

In March 2018, Toray Industries, Inc. developed a new fabrication technology for Carbon Fiber Reinforced Plastics that enables both improved dimensional accuracy and energy savings.

In November 2018, Toray Industries, Inc. developed new carbon fibers that realized both higher tensile strength and tensile modulus named “TORAYCA® MX series”.

In September 2019, Teijin Limited acquired Benet Automotive, a leading automotive composite and component supplier in the Czech Republic. The acquisition benefits Teijin’s composite technologies business.

In December 2019, SGL Carbon and Solvay entered into a joint development agreement to develop composite materials based on large-tow intermediate modulus carbon fiber for aerospace primary structures.

In May 2020, Toray Industries, Inc. developed a high tensile modulus carbon fiber and thermoplastic pellets that are ideal for injection molding employing. Toray announced to push ahead with research and development to commercialize the fiber and pellets within the next three years.

#Carbon Fiber Reinforced Plastic Market #Carbon Fiber Reinforced Plastic Market Share #Carbon Fiber Reinforced Plastic Market Size #Carbon Fiber Reinforced Plastic Market Forecast #Carbon Fiber Reinforced Plastic Market Report #Carbon Fiber Reinforced Plastic Market Growth

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market-sample-reports · 7 months ago

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Windsurfing Equipment Market Analysis, Size, Share and Key Segments Poised for Strong Growth in the Future by 2031

The latest “ Windsurfing Equipment Market Forecast | Share and Size - 2031” report by The Insight Partners offers a detailed analysis of prime factors that impact the market growth such as key market players, current market developments, and pivotal trends. The report includes an in-depth study of key determinants of the global market including drivers, challenges, restraints, and upcoming opportunities.

This market report is ideal for businesses opting to enter or excel in the Windsurfing Equipment market. This strategic market forecast not only makes businesses aware of present market scenarios but also presents future market forecasts. These insights profoundly cover Windsurfing Equipment market size, share, growth, and projected revenue in the forecast duration.

The Windsurfing Equipment market report encompasses driving factors of the market coupled with prime obstacles and restraining factors that hamper the Windsurfing Equipment market growth. The report helps existing manufacturers and entry-level companies devise strategies to battle challenges and leverage lucrative opportunities to gain a foothold in the global market.

How is the Windsurfing Equipment Market Report Beneficial for Your Business?

Figure out the Windsurfing Equipment market dynamics altogether | 2031

Inspect and scrutinize the competitive scenario and the future Windsurfing Equipment market landscape with the help of different strictures including Porter's five forces.

Understand the impact of different government regulations throughout the global Windsurfing Equipment market and evaluate the market condition in the tough time.

Consider the portfolios of the protruding players functional in the market in consort with the thorough study of their products/services.

Have a compact idea of the highest revenue-generating segment with the help of a thorough Windsurfing Equipment market analysis by our seasoned research experts.

A cost-effective way to gain valuable insights into the Windsurfing Equipment market without the need to host an independent team of researchers at their own cost.

Windsurfing Equipment Market diagrams, pie charts, regional market share maps, inventory network examination, and import/trade subtleties help you pitch investors.

The Windsurfing Equipment market report offers an in-depth analysis of the various prime market players that are active in the market. Moreover, it provides their thorough financial analysis, business strategies, SWOT profile, business overview, and recently launched products & services. In addition, the report offers recent market developments such as market expansion, mergers & acquisitions, and partnerships & collaborations. The prime market players observed in the report are Companies Atomicsurf, DROPS BOARDS SAS, Fanatic, Forward Maui Inc, Kona Windsurfing AB, Mistral, Point-7 International Ltd., Starboard, TABOU SURFBOARDS, WITCHCRAFT WINDSURFING

On the Basis of Type this market is categorized further into-

Boards

Rigs

Sails

Others

On the Basis of Distribution Channel this market is categorized further into-

Supermarket and Hypermarket

Specialty Store

Onine Retail

Others

The report offers an in-depth study of every segment, which helps market players and stakeholders understand the fastest-growing segments with maximum Windsurfing Equipment market share and highest-grossing segments in the market.

The Windsurfing Equipment market is analyzed across the globe and highlights several factors that affect the performance of the market across the key regions –

North America (U.S., Canada, Mexico)

Europe (U.K., France, Germany, Spain, Italy, Central & Eastern Europe, CIS)

Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific)

Latin America (Brazil, Rest of Latin America)

The Middle East and Africa (Turkey, GCC, Rest of the Middle East and Africa)

Rest of the World

The Windsurfing Equipment market research offers revenue forecasts for every year coupled with sales growth of the market. The forecasts are provided by skilled analysts and after an in-depth analysis of the Windsurfing Equipment market trends. These forecasts are essential for gaining investment insights into the prospects of any industry.

Author’s Bio:

Akash Khilare

Senior Market Research Expert at The Insight Partners

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marryp · 8 months ago

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pravalika · 1 year ago

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Carbon Fiber Reinforced Plastic Market - Forecast (2023 - 2028)

Carbon fiber reinforced plastic market size is forecast to reach $22.50 billion by 2025, after growing at a CAGR of 9.41% during 2020-2025, owing to the increasing adoption of carbon fiber reinforced plastics over conventional metallic alloys in various end use industries such as automotive, aerospace, wind energy, and others. This is mainly due to tensile strength carried by CFRP, which falls between 1500 and 3500 MPa, whereas its metallic counterparts such as aluminum and steel only possess tensile strength of 450–600 MPa and 750–1500 MPa, respectively. Growing demand from the aerospace industry and a rising preference for fuel efficient and light-weight vehicles are the major factors driving the carbon fiber reinforced plastic (CFRP) market during the forecast period.

Report Coverage

By Application: Automobiles, Industrial, Aviation & Aerospace, Marine, Defense, Electrical & Electronics, Medical, Sports Equipment, Wind Energy, Civil Engineering, and Others

By Geography: Americas, Europe, Asia Pacific, RoW

Key Takeaways

By Type – Segment Analysis

By Application – Segment Analysis

By Geography – Segment Analysis

Drivers – Carbon Fiber Reinforced Plastic (CFRP) Market

Growing Wind Power Sector

Stringent Government Regulation on Emission

Challenges – Carbon Fiber Reinforced Plastic (CFRP) Market

High Cost of Carbon Fiber Reinforced Plastics

#Carbon Fiber Reinforced Plastic Market #Carbon Fiber Reinforced Plastic Market Size #Carbon Fiber Reinforced Plastic Market Trends #Carbon Fiber Reinforced Plastic Market Forecast #Carbon Fiber Reinforced Plastic Market Growth

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ajay777 · 1 year ago

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markettrendus · 3 years ago

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Surfboard Growth Market Drivers, Business operations, leading segments, SWOT Analysis and Forecast By 2029 | Channel Islands, JASON STEVENSON, LOST Surfboards, Haydenshapes

The latest report published by Market.biz named Global Surfboard Market report 2021-2029 is a new addition to the company’s assets. The report estimates the opportunities and current market scenario, providing insights and updates about the corresponding segments involved in the global Surfboard market for the forecast period of 2021-2029. The report offers a thorough investigation of the value…

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marketdevelopmentpp · 2 years ago

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Growth of Surfboard market

the growth in the Surfboard market will change significantly from the previous year. Over the next six years, Surfboard will register a CAGR in terms of revenue, and the global market size will reach USD in millions by 2028.

Surfboard Market Share, Size, Growth, Trends, & Industry Forecast Analysis Report, By Type, Application and Regional Segment Forecast, 2022 - 2028, provides an extensive analysis of current market dynamics and predicted future trends.

Surfboard Market report covers the detailed analysis on current and upcoming market trends, company market shares, market projections, competitive benchmarking, competition mapping, and in-depth research of the most significant sustainability strategies and their impact on industry growth and competition. The research was conducted using a combination of primary and secondary data, as well as input from leading industry players.

#Surfboard market #Surfboard market Size #Surfboard market Trends #Surfboard market Growth #Surfboard market Analysis

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pujarathod · 3 years ago

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Here's What Industry Insiders Say About Surfboard

According to this latest study, the growth in the Surfboard market will change significantly from the previous year. Over the next six years, Surfboard will register a CAGR in terms of revenue, and the global market size will reach USD in millions by 2028.

Request Sample Copy@:

https://introspectivemarketresearch.com/request/1764

Leading Key Players Covered in Surfboard market:

· Channel Islands

· JASON STEVENSON

· LOST Surfboards

· Haydenshapes

· Rusty Surfboards

· Rip Curl

· Cannibal

· Stretch Boards

· BIC Sport

· Firewire Surfboards LLC

· Liquid Shredder

· Empire Surfboards

· SHANGHAI YUAN SPORTS

· Agit Global

· Greco Surf

· Hydroflex

These companies are devising key strategies such as acquisitions, merges, collaborations, partnerships, new product launches, regional expansions, and targeting untapped markets to gain competitive advantage over other players working in the market.

Introspective Market Research offers a comprehensive overview of the market through the analysis of key parameters such as revenue, price, competition, and promotions, as well as the study, synthesis, and summarization of data from different sources. It analyzes the leading industry drivers and shows numerous market components. The information offered is thorough, dependable, and the result of a comprehensive primary and secondary study. Introspective Market Research reports offer a comprehensive global market as well as an in-depth strategic sourcing methodology and analysis based on qualitative and quantitative research to anticipate market growth.

Customized Report @:

https://introspectivemarketresearch.com/custom-research/1764

Segmentation of Surfboard market:

By Type:

· Short board

· Long board

· Fun board

· Fish

· Gun

· Hybrid

By Application:

· Entertainment

· Sport Competition

· Other

If You Have Any Query of Surfboard Market Report, Visit:

https://introspectivemarketresearch.com/inquiry/1764

Geographic Segment Covered in the Report

· North America (U.S., Canada, Mexico)

· Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)

· Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)

· Middle East & Africa (GCC Countries, South Africa, Rest of MEA)

· South America (Brazil, Argentina, Rest of South America)

Report Highlights

· Shifting Industry dynamics

· In-depth market segmentation

· Historical, current and projected industry size Recent industry trends

· Key Competition landscape

· Strategies of key players and product offerings

· Potential and niche segments/regions exhibiting promising growth

· A neutral perspective towards market performance

Pick Up This Reports: -

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#Surfboard Market Surfboard Market Size Surfboard Market Share Surfboard Market Growth Surfboard Market Trend Surfboard Market se

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marketresearchblogimr · 3 years ago

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Surfboard: competitive analysis, trends and Development

According to this latest study, the growth in the Surfboard market will change significantly from the previous year. Over the next five years, Surfboard will register a CAGR in terms of revenue, and the global market size will reach USD in millions by 2028.

The global Surfboard market provides qualitative and quantitative information on the growth rate, market segmentation, market size, future trends, and regional prospects. The research study represents a modern perspective aimed at securing the future potential of the Surfboard market. This report analyses and evaluates the latest prospects for the new retail space, as well as the general and future market performance of Covid-19. In addition, this report provides a detailed overview of competition between some industries and others.

Report Coverage

The report offers a comprehensive perspective of the market size, share, revenue, and volume. It has also delved into Porter’s Five Force Analysis SWOT analysis. Quantitative and qualitative assessments have been used to provide a holistic view of the market. The primary interviews validate assumptions, findings and the prevailing business scenarios. The report also includes secondary resources, such as annual reports, press releases, white papers and journals.

Key Prominent Players in The Surfboard Market:

Channel Islands

JASON STEVENSON

LOST Surfboards

Haydenshapes

Rusty Surfboards

Rip Curl

Cannibal

Stretch Boards

BIC Sport

Firewire Surfboards LLC

Liquid Shredder

Empire Surfboards

SHANGHAI YUAN SPORTS

Agit Global,Greco Surf

Hydroflex

Market segmentation

The Global Surfboard market is segmented on the basis of its type, application, and regional demand. Detailed segmentation of the Surfboard market, based on type and application and a descriptive structure of trends of the segments and sub-segments are elaborated in the report. It also provides the market size and estimates a forecast from the year 2022 to 2028 with respect to major regions

Surfboard Market Segment by Types, Estimates, and Forecast by 2028

Short board, Long board, Funboard, Fish, Gun, Hybrid

Surfboard Market Segment by Applications, Estimates, and Forecast by 2028

Entertainment, Sport Competition

Regional Analysis for COVID-19 Outbreak-Global Surfboard Market:

APAC (Japan, China, South Korea, Australia, India, and Rest of APAC)

Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)

North America (U.S., Canada, and Mexico)

South America (Brazil, Chile, Argentina, Rest of South America)

MEA (Saudi Arabia, UAE, South Africa)

We Offer a Discount on The Surfboard Market Report @: https://www.introspectivemarketresearch.com/discount/1764

What is the scope of the report?

This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, and recent developments in both historic and present contexts.

To Understand How COVID-19 Impact is Covered in This Report. Get a Sample Copy of the report at

https://www.introspectivemarketresearch.com/inquiry/1764

This study conducts a SWOT analysis to evaluate the strengths and weaknesses of key players in the Surfboard market. Additionally, the report performs a complex inspection of drivers and restraints operating in the market. The report also evaluates the observed trends in the parent market along with macroeconomic indicators, dominant factors, and market attractiveness in relation to other segments. The report forecasts the impact of various industry aspects on the Surfboard market segments and regions.

Key Benefits for Stakeholders of the Surfboard Market Report:

The market analysis offers extensive qualitative insights on regions demonstrating favorable growth and insights on niche segments.

The market analysis offers market share, demand, supply ratio, supply chain analysis, and import/export details.

The report provides an extensive analysis of the current and emerging market trends and opportunities in the global market.

A comprehensive analysis gathers vital information on factors that will drive or inhibit the growth of the market.

An extensive analysis of the industry is conducted by monitoring the top competitors by following the key product positioning within the market framework.

Surfboard market study offers a detailed qualitative and quantitative analysis of future estimations and current trends and helps in evaluating the present market opportunities.

Which market dynamics affect the business?

The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.

#Surfboard Market size #Surfboard Market share #Surfboard Market growth #Surfboard Market forecast #Surfboard industry #Surfboard industry size

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priyakale · 5 years ago

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#Surfboard Market #Surfboard Market report #Surfboard Market research report #Surfboard Market share #Surfboard Market size #Surfboard Market growth #Surfboard Market insights #Surfboard Market trends #Surfboard Market research #Surfboard Market price #Surfboard Market keyplayers #Surfboard Market applications #Surfboard Market analysis #introspective market research

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market-sample-reports · 9 months ago

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Windsurfing Pads Market Analysis, Size, Share and Key Segments Poised for Strong Growth in the Future by 2030

The Insight Partners offers investors a comprehensive study of the Windsurfing Pads Market from the perspective of entrepreneurs in their most recent research report, " Windsurfing Pads Market Share, Size and Trends Analysis | 2020." Examining current market conditions yields insightful information for businesses.

This report provides insights into market possibilities, obstacles, and incentives that companies shouldn't pass up. It would be a company recipe for success to choose a Windsurfing Pads market research since consumer-centric firms often provide higher returns on investment. Making a small batch of items won't be enough, given the intense competition in the Windsurfing Pads market. Businesses may estimate a product's potential and success with the use of market research.

What are areas in focus in this market research?

1) Overview of Business Environment - Numerous elements that characterize the Windsurfing Pads market are examined in this chapter, including opportunities, dangers, limitations, and drivers. Genuine market determinants foster innovation. The distribution of company activity and the factors influencing development are the main topics of this section. A wide range of market-specific data is offered, making it possible to make an initial determination of the market's potential.

2) Competitive Comparison Matrix - The goal of this market research chapter in Windsurfing Pads market report is to provide businesses with a competitive comparison matrix. This section provides a comprehensive overview of rivals' business strategies and scale-ups. Businesses can use in-depth market research and target market insights to identify rivals' alternatives. Through studying rivals' offers, businesses might find new market segments and sales channels.

Key companies in the Windsurfing Pads market are- Agit Global, Inc,CHANNEL ISLANDS SURFBOARDS,Drops Boards SAS,Global Surf Industries,Kona Windsurfing AB,Mistral international,Nalu Kai Incorporated,RICCI INTERNATIONAL SR,Tabou Boards,WITCHCRAFT WINDSURFING

3) Briefing on COVID-19 impact - The COVID-19 pandemic disrupted supply and demand worldwide. Windsurfing Pads Market participants had to contend with poor marketing performance, lower revenues, and difficulties surviving their manufacturing lifecycles. Lockdowns and transportation limitations created a distribution channel crisis for businesses at the same time. Maintaining supply-demand balance and controlling expectations proved to be difficult for small and medium-sized businesses. An examination of COVID-19's effects on companies and alternate strategies they have employed to deal with the interruptions caused by the epidemic. This chapter also discusses the potential for recovery following COVID-19.

Inquire before Buying a Copy of Windsurfing Pads Market:

4) High ROI Trade Offs – To effectively serve their consumers in a competitive Windsurfing Pads market, businesses must educate themselves about important categories. Streamlining market tactics is a potent use of market research. The product, application, and regional categories are highlighted in this study area. Comprehending demographics and high-return-on-investment (ROI) regional regions facilitates brands in optimizing their offerings.

Windsurfing Pads Market Segmentation

Based on Material this market is categorized further into -

EPS

PVC

Others

Based on Distribution Channel this market is categorized further into -

Supermarkets and Hypermarkets

Specialty Stores

Online Retail

Others

Based on Regions:

North America (U.S., Canada, Mexico)

Europe (U.K., France, Germany, Spain, Italy, Central & Eastern Europe, CIS)

Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific)

Latin America (Brazil, Rest of Latin America)

The Middle East and Africa (Turkey, GCC, Rest of the Middle East and Africa)

Rest of the World…

How can this research help you in getting business strategically Correct?

Exact valuation and key facts about the market

Value proposition analysis that helps businesses revise their offerings timely

Marketing and segmentation strategies for new entrants in the market

Competitive growth strategies for market participants

Latest trends and technologies in the market

Author’s Bio:

Akash Khilare

Senior Market Research Expert at The Insight Partners

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