In 2025, the global sports industry’s market size was estimated to total 417 billion U.S. dollars. The industry's revenue was forecast to grow in the coming years. How big is the global sports betting market? The global sports industry is made up of a long list of subsectors. One of these is the sports betting market. In 2024, the market size of the sports betting industry worldwide was valued at around 70 billion U.S. dollars and was forecast to reach nearly 100 billion U.S. dollars by 2029. Regionally speaking, bettors in Asia made up over half of the amount wagered on sports globally in 2024. What are the most valuable sports teams in the world? In 2024, all 10 of the most valuable sports teams worldwide were based in the United States. Among these, the Dallas Cowboys sat atop the pile, with a valuation of over 10 billion U.S. dollars. Meanwhile, soccer clubs Real Madrid and Manchester United featured in the top 20, with both valued at over six billion U.S. dollars.

The number of users in the sports and outdoor e-commerce market worldwide is expected to rise steadily until 2027. The athletic footwear segment is forecast to record the highest figure, with **** billion users by 2027.

In 2024, the market size of the global sports betting industry stood at over ** billion U.S. dollars. Online sports betting accounted for more than ** percent of this sum, with an annual revenue of ** billion U.S. dollars. By 2029, the overall market size was forecast to grow to over ** billion U.S. dollars.

As per Cognitive Market Research's latest published report, the Global Daily Fantasy Sports market size was USD 5,992.74 Million in 2017 and it is forecasted to reach USD 14,875.92 Million by 2029. Daily Fantasy Sports Industry's Compound Annual Growth Rate will be 8.95% from 2023 to 2030.

The North America Daily Fantasy Sports market size will be USD 5,022.11 Million by 2029.

Market Drivers For Daily Fantasy Sports

Growing adoption of smartphones coupled with rising internet connectivity

Over the last few years, there is a rapid increase in smart device adoption and internet penetration. Smart devices offer flexibility to customers on a smartphone, laptop, desktop, or tablet. With these devices, users are simply able to access several daily fantasy sports apps and websites.

According to a study, the number of unique mobile internet users in 2020 was 4.28 billion, and more than 90% of the worldwide internet population has access to the internet through a mobile device. Until March 2021, the internet penetration rate in Asia was at 62%, 88% in Europe, and 90% in North America.

Similarly, according to the study, the current global smartphone user population is 6.648 billion, which indicates that 83.72 percent of the world’s population possesses a smartphone. This statistic has increased significantly from 2016, when there were just 3.668 billion users, accounting for 49.40 percent of the world’s population at the time.

Furthermore, the usage of tablets, laptops, and desktops is also raising. According to the Australian Bureau of Statistics, desktop or laptop computers are used by 91% of connected households.

As technology advances, various organizations are releasing numerous daily fantasy games that can play online. This enables several people to entertain themselves as well as to earn money. In this app or website, users can play a wide range of fantasy games, including cricket, hockey, football, basketball, and kabaddi. This promotes market expansion.

According to data shared by Indian Super League (ISL) its fantasy football players hail from India, Nepal, Bangladesh, and the UK, with 86% of the traffic coming from mobile phones. As a result, the growing adoption of smart devices coupled with rising internet connectivity drives the growth of the daily fantasy sports market.

Rising number of daily fantasy sports players

As online gaming and associated activities gain traction, the online fantasy sports market is expected to see a considerable increase in income. The popularity of fantasy games has surged with the introduction of various applications and websites. Daily fantasy games, in particular, are gaining popularity, and many individuals are drawn to them. This increases the popularity of daily fantasy sports.

Daily fantasy games are a popular type of online fantasy gaming in which users pay an entrance fee to compete for cash rewards based on the performance of professional athletes whom users choose and then track in their respective professional sports events.

People are drawn to daily fantasy games for a variety of reasons. The primary reason for this is that players can win real money. According to data, one-third (34%) of urban Indians have played online fantasy sports for money in June 2021. There is real money on the line, and anybody has a chance to win. Some players even make a full-time career by joining competitions. It's difficult to say how much profit the top fantasy sports players make, but there's evidence that they might be earning at least $10,000 every week.

As a result, many players want to participate in daily fantasy games. According to the Fantasy Sports and Gaming Association, approximately 59 million individuals in the United States and Canada participate in fantasy sports. It also claims that 20 million individuals in India play fantasy games, with the amount expected to rise to 150 million by 2022. According to the Fantasy Sports Trade Association, the number of fantasy sports participants has increased from 500,000 in 1988 to 59.3 million in 2017, with the business being worth $7.22 billion (FSTA).

Similarly, key players are participating in a variety of measures to increase player numbers. For instance, to increase its appeal to women, Disney introduced a fantasy

league game for ABC's "Bachelorette" show in 2017. More than 700,000 individuals have playe...

Over the last two observations, the revenue is forecast to significantly increase in all segments. As part of the positive trend, the indicator reaches the maximum value for all six different segments at the end of the comparison period. Particularly noteworthy is the segment Sports & Swimwear, which has the highest value of ***** billion U.S. dollars. The Statista Market Insights cover a broad range of additional markets.

This statistic shows the value of the sport jacket market worldwide in 2014 and 2017, and gives a forecast for 2022. In 2017, the total global sport jacket market was valued at approximately *** billion U.S. dollars and was forecast to reach a value of *** billion U.S. dollars by 2022.

Snapshot img { margin: 10px !important; } Global lacrosse equipment market forecast

According to the lacrosse equipment market growth statistics, the global lacrosse equipment market will grow steadily during the forecast period and post a CAGR of almost 3% by 2021. This industry research report identifies the increasing participation at high school and collegiate levels to be one of the major factors that will have a positive impact on the growth of this market in the coming years. With the emergence of several youth teams and camps, lacrosse is gaining increased popularity across the world, especially in the Americas where the female participation is rising at a faster pace. It has been observed that the participation among the students from high schools is more than the participation rate at the collegiate level. The recent years also witnessed an increased participation in the National Collegiate Athletic Association (NCAA) championship in the US. This increasing level of participation in the sport will subsequently increase the demand for the associated equipment, thereby, fueling market growth in the coming years.

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This market research and analysis estimates that in terms of geographical regions, Europe will be the major revenue contributor to the market throughout the next four years. The region consists of several countries that are active participants in the sport such as England, Italy, the Netherlands, Norway, the Czech Republic, Poland, Sweden, Wales, Austria, Belgium, Germany, Finland, Spain, France, and Ireland. The presence of a number of established associations and clubs for the sport such as the European Lacrosse Federation (ELF) and the increasing popularity of the sport will be the major factors driving the demand for lacrosse equipment in this region.

Competitive landscape and key vendors

The market is mainly concentrated in the developed countries of the Americas and Europe and is characterized by the presence of multiple active vendors. Lacrosse equipment manufacturers are constantly focusing on identifying opportunities to expand their geographical presence to increase their customer base. With the increasing participation in the sport among students from schools and colleges, vendors in the market will experience a rise in the demand for lacrosse equipment, which will intensify the market’s competitive environment. Lacrosse equipment companies mainly compete on factors such as product pricing, quality, brand, and a variety of products and are also concentrating on deducing effective strategies to increase their market shares.

The leading vendors in the market are

East Coast Dyes (ECD)
Nike
StringKing
Under Armour
Warrior Sports

The other prominent vendors in the market are A&R, Champion Sports, CHAMPRO Sports, Epoch Lacrosse, STX, and Stylin Strings.

Segmentation by product type and analysis of the lacrosse equipment market

Protective gears
Lacrosse sticks
Lacrosse balls
Accessories

Based on the lacrosse equipment industry analysis, the protective gears segment accounted for the major shares and dominated the market. The increasing demand for protective gears, owing to the changing regulations that mandate their usage will drive the market’s growth prospects in the coming years. The level of vendor competition in the market is intense and companies follow strategies such as celebrity endorsements and increased R&D investments to enhance their customer base.

Segmentation by distribution channel and analysis of the lacrosse equipment market

Sporting goods retailers
Department stores, hypermarkets, and supermarkets
Online retail

According to this market research and analysis, the sporting goods retailers segment accounted for the major shares and dominated the market during 2016. The increased customer preference is due to the availability of products from a wide range of brands. Analysts predict that this segment will continue to dominate the market throughout the next four years as well.

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Key questions answered in the report include

What will the market size and the growth rate be in 2021?
What are the key factors driving the global lacrosse equipment market?
What are the key market trends impacting the growth of the global lacrosse equipment market?
What are the challenges to market growth?
Who are the key vendors in the global lacrosse equipment market?
What are the market opportunities and threats faced by the vendors in the global lacrosse equipment market?
Trending factors influencing the market shares of the Americas, APAC, Europe, and MEA.
What are the key outcomes of the five forces analysis of the global lacrosse equipment market?

Technavio also offers customization on reports based on specific client requirement.

Re

Global Sports Betting Market size worth at USD 61.32 Billion in 2023 and projected to USD 156.86 Billion by 2032, with a CAGR of around 11% between 2024-2032.

The Sports Nutrition Market Report is Segmented by Product Type (Sports Protein Products and Sports Non Protein Products), Source (Animal-Based and Plant-Based), Distribution Channel (Supermarkets/Hypermarkets, Pharmacy/Health Stores, Online Retail Stores, and Other Channels), and Geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). The Market Forecasts are Provided in Terms of Value (USD).

Product Market size is rising upward in the past few years And it is estimated that the market will grow significantly in the forecasted period

ATTRIBUTES	DETAILS
STUDY PERIOD	2017-2030
BASE YEAR	2024
FORECAST PERIOD	2025-2030
HISTORICAL PERIOD	2017-2024
UNIT	VALUE (USD MILLION)
KEY COMPANIES PROFILED	ATPI, RK Sports Hospitality, White Label Hospitality, CSM Sports and Entertainment, DTB Sports and Events, Honey & Co., Wood Media Group, Hospitality Finder, Legends International, On Location Experiences, QuintEvents, Sportsworld, The Sports Travel Company, TLA Worldwide, VIP Sports Events, World Sports Group, IMG, Wasserman, Octagon, WME Sports, CAA Sports, Others
SEGMENTS COVERED	By Product Type - Food & Beverage Services, Lodging Services, Events Services, Others By Application - Soccer, American Football, Basketball, Baseball, Tennis By Sales Channels - Direct Channel, Distribution Channel By Geography - North America, Europe, Asia-Pacific, South America, Middle East and Africa

Water Sports Vehicles Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027, Segmented By Vehicle Type, By Distribution Channel, By Location, and By Region

Pages	110
Market Size
Forecast Market Size
CAGR
Fastest Growing Segment
Largest Market
Key Players

Snapshot img { margin: 10px !important; } Below are some of the key findings from the ticket market research report

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Global ticket industry overview

The popularity of digital movie screens is growing as these screens provide viewers with a high-quality audiovisual (AV) experience. They enrich the experience of watching 3D movies and movies with graphics-rich content. In 2017, the global penetration of digital movie screens was nearly 100% of the global screen footprint. The rising popularity of 4K cinema halls and the availability of 4K projectors across the world will enhance the experience of watching movies. The rising popularity of IMAX and 4DX formats will also enhance the experience of the audience. For instance, IMAX Corporation installed 165 IMAX movie screen system in 2017. Hence, the growing popularity of digital movie screens will drive the growth of the global ticket market during the forecast period. International markets are a vital component of the revenue generated by Hollywood movies. The growing popularity of Hollywood movies across the globe will lead to the growth of the global ticket market during the forecast period.

An increasing number of sports events is one of the major trends being witnessed in the global ticket market. There is an increase in interest in sports events such as the Olympic games, the FIFA World Cup, the Super Bowl, and the ICC Cricket World Cup, which has resulted in an increase of sales of tickets. Sports events such as the UEFA Champions League, the Rugby World Cup, Formula 1, and Wimbledon are followed by millions of people. This has led to an increase in the number of sports events across the world. For instance, the success of the IPL, a T20 cricket league that was launched in 2008, led to the launch of similar leagues. Such developments are expected to drive the growth of the global ticket market. Owing to such factors the global ticket market is expected to register a CAGR of nearly 7% during the forecast period.

Top ticket companies covered in this market research report

Market experts have observed that the ticket market is fairly concentrated. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this ticket industry analysis report will aid clients to identify new growth opportunities and plan better strategies.

The report offers a complete analysis of various companies including:

AMC Theatres
Cinemark
eBay
Live Nation Entertainment
TickPick

Ticket market segmentation based on geographic regions

Americas
APAC
EMEA

With a complete study of the growth opportunities for the companies, the EMEA region will account for the highest growth of this market throughout the forecast period. However, the Americas held the largest share of the market in 2017, accounting for close to 42% share, followed by EMEA and APAC respectively

Ticket market segmentation based on Source

Primary ticket
Secondary ticket

The primary ticket segment will account for the largest ticket market share. It held the market share in 2017 with close to 94% share. Additionally, the report also provides an accurate prediction of the contribution of the various source segments to the growth of the ticket market size.

Key highlights of the global ticket market for the forecast years 2018-2022:

CAGR of the market during the forecast period 2018-2022
Detailed information on factors that will accelerate the growth of the ticket market during the next five years
Precise estimation of the global ticket market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the ticket industry across the Americas, APAC, and EMEA
A thorough analysis of the market’s competitive landscape and detailed information on several vendors
Comprehensive details on the factors that will challenge the growth of ticket companies

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Snapshot img { margin: 10px !important; } Overview of the global carbon fiber in sports equipment market

Technavio’s market research analyst predicts the global carbon fiber in sports equipment market to grow at a CAGR of almost 7% during the forecast period. Carbon fibers are highly preferred for the manufacture of sports equipment like rackets and sports sticks, majorly due to their exceptional properties such as light weight, improved resistance, high strength to weight ratio, and stiffness. With the increasing demand for advanced sports equipment, the requirement for carbon fibers to produce such advanced equipment is increasing substantially. Carbon fibers possess properties like fiber yield, consistent sizing content, and processing characteristics like low fuzz or even tow spreadability, which make them suitable for applications in the sports industry. Also, by using carbon fibers, the sports equipment manufacturers can control the tensile strength and the tensile modulus of the high-performance equipment.

Geographically, North America is expected to grow significantly during the forecast period due to the presence of well-developed sports sectors in countries such as the US and Canada. The US and Mexico are the highest producers of carbon fibers in North America. Sports such as golf, ice hockey, baseball, tennis, badminton, lacrosse, and recreational activities such as skiing, snowboarding, and fishing are highly popular in North America, making it the largest revenue contributing region in the global market. Since most consumers in this region prefer using advanced quality sports equipment, it will subsequently increase the use of lightweight and efficient materials such as carbon fibers.

Competitive landscape and key vendors

The global carbon fiber in sports equipment market is consolidated and monopolistic in nature owing to the presence of a limited number of players. Intense competition prevails in the market because of the presence of similar kinds of products like rackets, sports sticks, skis and snowboards, cycles, and fishing rods, which are developed for the same target consumer base. Vendors in the market need to focus on innovative product development, product differentiation, and strategic pricing to increase their customer base and improve their market position. The strong positions held by the leading players will restrict the entry of new players in the market over the predicted period.

Leading vendors in the market are -

Hexcel
Mitsubishi Rayon
SGL Group
TEIJIN
Toray Industries

Other prominent vendors in the carbon fiber in sports equipment market include Cytec Solvay Group, DowAksa, Kemrock Industries and Exports, Nippon Graphite Fiber, Taekwang Industrial, Weihei Tuozhan Fiber, ZOLTEK Carbon Fiber, and Zhongfu Shenying Carbon Fiber.

Segmentation by material type and analysis of the carbon fiber in sports equipment market

PAN-based
Pitch-based

The PAN-based segment accounted for the largest market portion in 2016 and is expected to register a considerable rise in its market share over the next four years. PAN is the most popular acrylic precursor used in the production of carbon fibers. With a high degree of the directional molecule, high-pitched melting point, lower cost, and suitable mechanical properties, PAN is preferred over other precursors in the manufacture of carbon fibers. High-strength and high-modulus carbon fibers are made of fibers from PAN precursors with superior properties. The fibers made from PAN are strong and lightweight in nature.

Segmentation by application and analysis of the carbon fiber in sports equipment market

Sports sticks
Rackets
Skis and snowboards

The sports sticks segment dominated the market in 2016 and will account for the highest market share by 2021. With the increasing popularity of sports like golf, hockey, cycling, fishing, and water sports, the demand for carbon fibers for the manufacture of sports sticks will increase, subsequently affecting the market's revenue. Carbon fibers find extensive use in the production of sports sticks due to their light weight property, which helps in imparting better swing quality. Sticks made of carbon fibers combine the feel and performance of wooden sticks with the manufacturing consistency of aluminum sticks.

Key questions answered in the report include

What will the market size and the growth rate be in 2021?
What are the key factors driving the global carbon fiber in sports equipment market?
What are the key market trends impacting the growth of the global carbon fiber in sports equipment market?
What are the challenges to market growth?
Who are the key vendors in the global carbon fiber in sports equipment market?
What are the market opportunities and threats faced by the vendors in the global carbon fiber in sports equipment market?
Trending factors influencing the market shares of APAC, Europe, North America, and ROW.
What are the key outcomes of the five

Global online gambling & betting market worth at USD 68.19 Billion in 2024, is expected to USD 162.25 Billion by 2034, with a CAGR of 9.2% from 2025 to 2034.

Product Market size is rising upward in the past few years And it is estimated that the market will grow significantly in the forecasted period

ATTRIBUTES	DETAILS
STUDY PERIOD	2017-2030
BASE YEAR	2024
FORECAST PERIOD	2025-2030
HISTORICAL PERIOD	2017-2024
UNIT	VALUE (USD MILLION)
KEY COMPANIES PROFILED	Lucozade, Pepsico, Coca Cola, Monster Beverage, Arizona Beverage, Abbott Nutrition, Glaxosmithkline, Living Essentials, Britvic, Extreme Drinks, AJE Group
SEGMENTS COVERED	By Product Type - Hypotonic Sports Drink, Isotonic Sports Drink, Hypertonic Sports Drink By Application - Athletes, Casual Consumers, Lifestyle User By Sales Channels - Direct Channel, Distribution Channel By Geography - North America, Europe, Asia-Pacific, South America, Middle East and Africa

Product Market size is rising upward in the past few years And it is estimated that the market will grow significantly in the forecasted period

ATTRIBUTES	DETAILS
STUDY PERIOD	2017-2030
BASE YEAR	2024
FORECAST PERIOD	2025-2030
HISTORICAL PERIOD	2017-2024
UNIT	VALUE (USD MILLION)
KEY COMPANIES PROFILED	Gymnastics Fantastic, Pastorelli Sport, Modlen Studio, SASAKI, GICIR, Guangzhou Dandy Sporting Goods Ltd, Startner
SEGMENTS COVERED	By Product Type - Foam Mat, Rubber Mat, PVC Mat, Others By Application - Daily Training, Contest, Others By Sales Channels - Direct Channel, Distribution Channel By Geography - North America, Europe, Asia-Pacific, South America, Middle East and Africa

Snapshot img

The two-wheeler engine market is estimated to grow at a CAGR of 6.82% between 2022 and 2027. The size of the market is forecast to increase by 24.64 million units. The growth of the market depends on serval factors, including rising levels of road congestion due to rapid urbanization, growth of multinational two-wheeler OEMs in emerging countries, and increasing electronic content in two-wheelers.

This report extensively covers market segmentation by application (motorcycles and scooters), technology (ICE and electric), and geography (APAC, South America, North America, Europe, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the size of the Two-Wheeler Engine Market During the Forecast Period?

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Parent Market Analysis

Technavio categorizes the global two-wheeler engine market as a part of the global auto parts and equipment market within the global auto components market. The global auto parts and equipment market covers companies engaged in the production of parts and accessories for automobiles like passenger cars (PCs), electric vehicles (EVs), commercial vehicles (CVs), heavy-duty vehicles, off-road vehicles, motorcycles, scooters, quad bikes, and three-wheelers. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Two-Wheeler Engine Market: Key Drivers, Trends, Challenges, and Customer Landscape

The increasing electronic content in two-wheelers is notably driving the market growth, although factors such as the growth of the two-wheeler rental market may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Two-Wheeler Engine Market Driver

The increasing electronic content in two-wheelers is notably driving the motorcycle engine market growth. The worldwide demand for two-wheelers is on the rise. There is an increasing demand for enhancing the safety and comfort levels of two-wheelers, which is made possible by the integration of advanced electronics. This demand is enabling the rapid electrification of mechanical components and increasing the adoption of electronic technologies in two-wheelers.

The major goal of the industry is autonomous two-wheelers that are electronically driven by onboard computers. This goal is resulting in the industry adopting new technologies such as start-stop systems. Additionally, the development of electronic fuel injection and ride-by-wire technologies paved the way for the development of motorcycle cruise control mechanisms. Furthermore, the range of consumer needs and OEM offerings has widened to include safety, performance, stability, and comfort, as these parameters are being refined and improved every day. This evolution has outgrown the utility of conventional mechanical components, which lack the capabilities to solve several emerging automotive challenges. It has also led to an upsurge in the growth rate of the automotive electronics market. Thus, these aspects are expected to drive the growth of the global motorcycle engine market during the forecast period.

Significant Two-Wheeler Engine Market Trend

The emergence of dual-sport motorcycles is an emerging trend in the motorcycle engine market growth. Growing competitive intensity in the global two-wheeler industry is leading to the launch of new models across segments. There have been sub-segments within the two-wheeler industry that have emerged in the past few years. The popularity of such segments is rapidly increasing among riders as they boast of the combined benefits of two categories of two-wheelers.

The popularity of dual-sport motorcycles is growing among motorcycle enthusiasts. The broad capabilities and potential associated with such a category of motorcycles make them suitable for use as sports motorcycles while riding through streets or off-roading. These motorcycles are often known as street versions of endure-type off-road motorcycles. These motorcycles come equipped with a large displacement multi-cylinder engine for adequate performance in both on-road and off-road conditions. Some of these motorcycles are also offered with saddlebags. Hence, these factors will fuel the growth of the motorcycle engine market during the forecast period.

Major Two-Wheeler Engine Market Challenge

The growth of the two-wheeler rental market is a major challenge impeding the motorcycle engine market growth. Two-wheelers are mainly used for commuting over short distances, which can be fulfilled by renting a vehicle. The increasing launch of rental services for motorcycles and scooters p

• The global industry was valued at US$ 8.8 Bn in 2022
• It is estimated to grow at a CAGR of 8.1% from 2023 to 2031 and reach US$ 18.5 Bn by the end of 2031

Market Introduction

Attribute	Detail
Market Drivers	Expansion in Logistics and Healthcare Sectors Increase in Adoption of RFID Technology in Sports Sector

Regional Outlook

Attribute	Detail
Leading Region	North America

RFID Sensor Market Snapshot

Attribute	Detail
Market Value in 2022 (Base Year)	US$ 8.8 Bn
Market Forecast Value in 2031	US$ 18.5 Bn
Growth Rate (CAGR)	8.1%
Forecast Period	2023-2031
Historical Data Available for	2017-2021
Quantitative Units	US$ Bn for Value and Million Units for Volume
Market Analysis	Qualitative analysis includes drivers, restraints, opportunities, key trends, key market indicators, Porter’s Five Forces analysis, value chain analysis, and SWOT analysis. Furthermore, at the regional level, the qualitative analysis includes key trends, price trends, and key supplier analysis.
Competition Landscape	Prominent Players – Competition Dashboard and Revenue Share Analysis, 2022 Company Profiles (Details – Company Overview, Sales Area/Geographical Presence, Revenue, Strategy & Business Overview)
Format	Electronic (PDF) + Excel
Market Segmentation	Type Active Passive Frequency Range Low Frequency High Frequency Ultra High Frequency Application Access Control Livestock Tracking Ticketing Cashless Payment Inventory Management Others End-use Industry Transportation Logistic & Supply Chain Manufacturing Retail Healthcare Aerospace & Defense Agriculture Others (Sports, Advertisement, etc.)
Regions Covered	North America South America Asia Pacific Europe Middle East & Africa
Countries Covered	U.S. Canada Germany U.K. France Spain Italy Russia and CIS Japan China India ASEAN Brazil Mexico GCC South Africa
Companies Profiled	Alien Technology, LLC Applied Wireless Avery Dennison Corporation CAEN RFID S.R.L. Honeywell International Inc. Checkpoint Systems, Inc. Impinj, Inc. Invengo Information Technology Co. Ltd Motorola Solutions, Inc. NXP Semiconductors Savi Technology
Customization Scope	Available upon Request
Pricing	Available upon Request

The penetration rate of the global sports and outdoor e-commerce industry is forecast to continuously increase within the next years. After *** consecutive increasing years, the penetration rate is estimated to reach **** in 2027.

Snapshot img

Carbon Composites Market Size 2023-2027

The Global Carbon Composites Market size is forecast to increase by 177.9 million tons, at a CAGR of 11.49% between 2022 and 2027. The market experiences growth driven by several pivotal factors shaping various industries. With a rising demand for fuel-efficient vehicles, carbon composites witness increased adoption in automotive manufacturing. Moreover, the aerospace and defense sector's increasing utilization of carbon composites further propels market growth, driven by their lightweight and durable properties. Additionally, stringent regulations in the automotive industry regarding emissions and safety standards drive the demand for advanced materials like carbon composites, emphasizing their role in sustainable and high-performance applications. This dynamic market landscape underscores the significant contribution of carbon composites to innovation and efficiency across multiple sectors worldwide. This market research and growth report also includes an in-depth analysis of drivers, market growth and trends, and challenges. Furthermore, the market growth analysis report includes historic market data from 2017 to 2021.

What will be the size of the Market During the Forecast Period?

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Market Segmentation

By Type

The market share growth of the virgin fiber segment will be significant during the forecast period. It is a class of composite materials that contain carbon fibers. These fibers can be bonded together with a variety of different matrix materials, including metals, plastics, and ceramics. They are prized for their lightweight, high strength, and low thermal expansion. They are used in a wide range of applications, including aircraft and spacecraft components, wind turbine blades, sporting goods, and medical implants.

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The virgin fiber (VCF) segment was valued at 125.72 million tons in 2017. Virgin fiber allows manufacturers to produce parts with very tight tolerances, which is essential for many high-performance applications. However, there are a few drawbacks to using virgin fiber. First, they can be quite expensive due to the high cost of the raw materials. Second, the manufacturing process can generate a significant amount of waste material. Finally, there is a risk that parts made from virgin fiber composites may not be compatible with existing repair or recycling infrastructure.

Key Regions

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North America is estimated to contribute 35% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The growth of the Market in North America can be attributed to the high consumption of carbon composite in industries such as aerospace, automotive, wind energy, and construction. North America is one of the largest exporters of the market. In the automotive industry, the three domestic sports car models, namely Chevrolet Corvette Stingray, Ford Mustang Shelby GT500KR, and Viper SRT are the major automotive users of carbon composite. Automotive manufacturers use lightweight materials such as carbon composite to make their vehicles lightweight and fuel-efficient. Hence, the abovementioned factors are expected to increase the demand which will fuel the growth of the Market in North America during the forecast period.

Market Dynamics and Customer Landscape

The market thrives in production hubs leveraging cutting-edge 3D printing and semiconductor technologies, catering to diverse industries such as aerospace, civil engineering, military, and motorsports. These sectors demand high-strength materials including glass fibers and plastic fibers like Polyacrylonitrile (PAN) and Pitch, with industry leader SGL Carbon specializing in the production of pressure vessels. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

The increasing demand for fuel-efficient vehicles is notably driving market growth. The automotive industry is one of the major end-users of carbon composite. Consumers are increasingly shifting from traditional passenger cars to fuel-efficient cars because of high fuel costs and fluctuating fuel prices. Factors such as the availability of alternative fuels and awareness regarding the benefits of green vehicles and light vehicles can have a direct impact on the global market.

Further, stringent government norms to reduce GHG emissions, carbon dioxide emissions, and other harmful pollutants augment the demand for fuel-efficient and light vehicles. They red