Market Overview
Triathlon defined as an athletic contestconsisting 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 7.27% CAGR between 2018 and 2026. In terms of
money value, the market can be worth USD 1631.82 Mn by the end of the forecast
period.
The most important market driver for theglobal 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 triathlonclothing market 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).
Market Segmentation
The global triathlon clothing market growthsegmentation encompasses application and type. MRFR’s take on the market
surveys various facets of the market in-depth.
The application-based segmentation of thismarket 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 hasbeen 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 Segmentation
A geographical outlining of the global triathlonclothing market revenue covers Europe, North America, South America, AsiaPacific, and the Middle East & Africa (MEA).
Europe has the largest triathlon clothing marketshare and is expected grow at 7.13% CAGR during the forecast period. The market
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-largestregional triathlon clothing market 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 vitalregional 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 peopleare 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 triathlonclothing trends market is small due to the limited scope for sports andreligion-related restrictions on sports and clothing.
Latest Industry News
Yak wool adventure apparel’ specialist Korais 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
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