Triathlon Clothing Market: Top Companies, Gross Margin, Forecast, and Regional Share
Triathlon Clothing Market Dynamics
What is the growth rate of the global
triathlon clothing market?
Triathlon defined as an athletic contest
consisting of three different events. Usually, these events are cycling,
long-distance running, and swimming. Clothing used by athletes’ participating
in triathlon is called triathlon clothing. A new report on the global triathlon
clothing market, published by Market Research Future (MRFR), observes that this
market could earn profits at 8.21% CAGR between 2022 and 2030. In terms of
money value, the market can be worth USD 2,886.9 Mn by the end of the forecast
period.
The most important market driver for the
global triathlon clothing market growth is the growing awareness regarding the
importance of triathlon clothing and its benefits. In terms of design as well
as fabric, triathlon clothing is suitable for cycling, long-distance running,
and swimming. Other global triathlon clothing market drivers include increasing
number of women in sports, booming organized retail sector, new product
launches, increasing initiatives to promote triathlon, and research &
development (R&D) by the industrial players. However, the high cost of
products can hamper the global triathlon clothing market growth. Lack of
awareness in developing countries and cultural factors in some countries can
also affect market growth negatively.
Key Players
Big players in the global triathlon
clothing market manufacturers include 2XU (Australia), Alii Sport (Active
Angelz LLC) (USA), Castelli (Italy), De Soto Sport (Germany), HUUB Design (UK),
Kiwami Triathlon (Kiwami) (France), Louis Garneau Sports (Canada), Orca (New
Zealand), Pearl Izumi (USA), TYR Sport, Inc. (USA), Zone3 (UK), and Zoot Sports (Hawaii).
Segmentation Overview
The global triathlon clothing market growth
segmentation encompasses application and type. MRFR’s take on the market
surveys various facets of the market in-depth.
The application-based segmentation of this
market covers men and women. Although the men segment holds the larger market
share, the women segment can expect faster growth rate during the forecast
period as manufacturers are adopting e-commerce channels to distribute the
products and increase their geographic reach.
By type, the triathlon
clothing market has been segmented into tri shorts, tri suits, and tri
tops. Although the tri top segment holds the largest market share, the tri
short segment can expect faster growth rate during the forecast period. Due to
cost-effectiveness, the tri top segment can be worth USD 303.58 Mn by 2026,
growing at 6.04% CAGR.
Regional Insights
A geographical outlining of the global triathlon
clothing market revenue covers Europe, North America, South America, Asia Pacific,
and the Middle East & Africa (MEA).
Europe has the largest triathlon clothing market
share and is expected grow at 7.13% CAGR during the forecast period. The market
statistics in this region is strong due to the increasing participation of
athletes for triathlon. Other factors aiding the market growth in this region
are high density of population, developed economies, large number of youngsters
interested in sports, presence of some key market players, and high purchasing
power of consumers. The most powerful country-specific markets in Europe are
Belgium, France, Germany, Italy, Luxembourg, Netherlands, Russia, Spain, and
the UK.
North America is the second-largest
regional triathlon clothing market analysis due to the presence of many key
market players. Sports is a big industry in this region, especially in USA.
Therefore, there is huge scope for market growth. By 2026, North American can
be worth USD 526.43 Mn.
The Asia Pacific region is another vital
regional market during the forecast period due to the economic growth, high
disposable income, and interest of youngsters in sports. The remarkable
country-specific markets in this region are Australia, Brunei, Cambodia, China,
India, Indonesia, Japan, Laos, Malaysia, Myanmar, Philippines, Singapore,
Thailand, Timor Leste, and Vietnam.
South America is a decent market as people
are interested in sports, but their purchasing power is not as high as people
in North America. Argentina, Brazil, and Colombia are most important
country-specific markets in this region.
In the MEA region, the triathlon
clothing trends market is small due to the limited scope for sports and
religion-related restrictions on sports and clothing.
Latest Industry News
Yak wool adventure apparel’ specialist Kora
is set to serve as title sponsor for Evergreen Endurance Triathlon, which is
billed as one of the hardest one-day triathlon races in the world. 22 AUG 2019
NOTE: Our Team of Researchers are
Studying Covid19 and its Impact on Various Industry Verticals and wherever
required we will be considering Covid19 Footprints for Better Analysis of
Market and Industries. Cordially get in Touch for More Details.
Contact us:
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