Key vendors to strategically increase their sales by introducing novel products
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five leading vendors for the global carbon fiber in the sports equipment market in their latest research report. This report also lists 8 other prominent vendors who are expected to contribute to this market’s growth between 2017-2021.
To identify the top vendors, Technavio’s market research analysts have taken into account the revenue generated from the sales of the following equipment sports that are manufactured using carbon fibers.
- Sports sticks: This segment includes golf shafts or clubs, ice hockey sticks, and field hockey sticks.
- Rackets: This segment includes rackets used for tennis, badminton, racquetball, and squash.
This Technavio report, under textile, fiber, and composites vertical, is based on the synthesis, analysis, and interpretation of information about the global carbon fiber in sports equipment market collected from specialized sources. The analysts have derived insights using a mix of primary and secondary research with an aim to provide a holistic picture of the market.
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Competitive vendor landscape
The global carbon fiber in sports equipment market is consolidated in nature due to the presence of only a limited number of players. The competition in the market is very fierce due to the monopolization of few companies, and the entry barriers in the market are very high, restricting the dilatation of control. The presence of similar kinds of products like sports sticks, rackets, skis and snowboards, fishing rods, and cycles that are being developed for the same target consumer segments adds on to the competition in the market. The vendors in the market are competing on the basis of innovative product development, product differentiation, and strategic pricing. The key vendors are collaborating to increase their customer base and enhancing their market position.
“The increasing demand for high-performance products from sports enthusiasts is contributing to the growth of the market. The introduction of advanced carbon fiber products for recreational sports activities is boosting the sales of these products in the market. The carbon fibers impart optimal strength and stiffness to sports equipment, and the vendors are focusing on improvements in the designing and manufacturing processes to generate higher revenues,” says Swapnil T S, a lead analyst at Technavio for research on textile, fiber, and composites.
Top five vendors in the carbon fiber in sports equipment market space
Hexcel
The company deals with advanced composites that develop, manufactures, and markets lightweight, high-performance structural materials that include carbon fibers, specialty reinforcements, prepregs, adhesives, and other fiber-reinforced matrix materials, engineered honeycomb, and composite structures.
Key products: HexTow carbon fiber, HexForce reinforcement fabrics, HexPly prepregs, and HexMC carbon fiber/epoxy series.
Mitsubishi
The company offers chemicals, plastics, information materials, textiles, resins, acrylic fibers, carbon fibers, polyesters, composite materials, and water purifiers, membranes, and other aqua products. It also manufactures PAN-based carbon fibers under the brand name PYROFIL.
Key product: PYROFIL.
SGL Group
SGL Group manufactures high-performance carbon materials and products that include graphite electrodes, cathodes, graphite specialties, carbon fibers, carbon fiber materials, and CFRP components. The company’s carbon fiber products are used in the manufacture of modern sports equipment.
Key products: PANOX oxidized fibers, SIGRAFIL continuous tow carbon fibers, SIGRAPEG prepregs, SIGRATEX for the textile products, SIGRAFIL short carbon fibers, and RECAFIL recycled carbon fibers.
TEIJIN
The company manufactures synthetic fibers and engages in a broad range of businesses like electronic materials and performance polymer products, advanced fibers and composites, healthcare, trading and retail, and IT.
Key products: Tenax carbon fiber, Tenax composites, and Pyromex.
Toray Industries
Toray Industries specializes in industrial products which are centered around the technologies related to synthetic organic chemistry, polymer chemistry, nanotechnology, and biochemistry. Initially, the company offered fibers, textiles, plastics, and chemicals.
Key product: Torayca.
Other prominent vendors in this 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.
A more detailed analysis is available in the Technavio report, Global Carbon Fiber In Sports Equipment Market 2016-2020.Technavio also customizes reports by other regions and specific segments upon request.
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Browse related reports:
- Global Tennis Racquet Market 2016-2020
- Global Ski Equipment Market 2016-2020
- Global Field Hockey Equipment Market 2016-2020
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