Triathlon Clothing Market Share, Size, Trends, Industry Analysis Report, By Type (Tri Tops, Tri Shorts, and Tri Suits); By Distribution Channel; By Application; By Region; Segment Forecast, 2023 - 2032
- Published Date:Mar-2023
- Pages: 115
- Format: PDF
- Report ID: PM3073
- Base Year: 2022
- Historical Data: 2019-2021
Report Outlook
The global triathlon clothing market was valued at USD 1.90 billion in 2022 and is expected to grow at a CAGR of 8.3% during the forecast period. Triathlon clothing has gotten more specialized and there are now many more options because of the sport's increase and the entrance of many more women to the sport in recent years. There are many different styles and sizes of triathlon clothing. A decent triathlon suit is made specifically for triathlon and provides advantages that could make people race faster and more comfortably. It can be fantastic underwater, acting as a sort of skin that fits comfortably under a person's wetsuit or as the only item of clothing in the water. It can dry quickly, which is crucial since it will ensure that individuals are dry enough to avoid chafing by the time they get on the bike. Additionally, it eliminates the need to add or remove garments during a transition, allowing users to go on to the following leg as fast as possible.
Know more about this report: Request for sample pages
Triathlon clothing is made expressly with the needs of triathletes in mind. To prevent users from becoming slower during the race, it is designed to be lightweight and breathable. Additionally, it offers protection and support for the muscles and joints, which can aid in injury prevention.
Increased commercialization and changing lifestyle choices, particularly in developing economies, are the primary forces behind the growth of the triathlon clothing market. A completely new base of triathletes, who will fuel the market revenue in the forecast period, is expected to develop as a result of the growing number of target individuals who are experiencing the inclination toward sports functions and activities.
Triathletes dress in triathlon gear when they ride their road bikes, swim, and run. They are designed to improve an athlete's performance and are available in a range of shapes and sizes. The growth of the economy of numerous countries has been markedly slowed down by the coronavirus pandemic epidemic. In reaction to the mounting positive cases and fatalities in several countries, the resolution by the international governments to extend the temporary and permanent shutdown, which has had a direct effect on athletic events, was made.
Triathlon clothing makers, distributors, and consumers are non-functional, which has impacted the demand and supply chain mechanism. The COVID-19 pandemic outbreak has affected the demand and supply chains of the sports apparel sector because several of the participating nations are in lockdown and have closed their borders to stop the virus's spread throughout the world. Every area of the economy has experienced growth and expansion since the COVID-19 breakout, and the market's supply chain is no different. There has been a considerable limitation on transportation facilities as a result of the rigorous containment measures that have been implemented by the governments of various countries on a worldwide scale and preventive efforts to lessen the impact of the outbreak.
Know more about this report: Request for sample pages
Industry Dynamics
Growth Drivers
The market trend is anticipated to continue due to the rising government initiatives for triathlon sports across the globe. For instance, World Triathlon is dedicated to fostering the growth of the sport all over the world. It works with its partners to provide a balanced sport development strategy from the foundations to the high-performance level in an attempt to promote these aims through strong ties with Continental Confederation and National Federation members. With an emphasis on athletes from new and emerging federations, World Triathlon offers various well-established sport development initiatives that cater to the needs of both young and elite athletes. As governing bodies, athletes, and their coaches work to achieve continuous competitive excellence at all levels within the sport, such a pathway is necessary.
Furthermore, in October 2022, the USA Triathlon Foundation is supporting USA Kids Tri, which is the next step in the organization's ongoing efforts to collaborate with regional competitions, across the nation to broaden access to triathlon and multisport for current and potential young athletes. Also, on 13th January 2023, The Indian Army decided to sponsor a veteran-led program that aims to encourage adventure travel. In India, the "Soul of Steel" challenge, which would test participants physically and is modeled after the "Ironman triathlon" long-distance triathlon challenge in Europe, will also include a high altitude endurance component.
Thus, the rising government supports and initiatives across the globe for developing Triathlon sports is rising the demand for triathlon clothing which is propelling the market growth over the forecast period
Report Segmentation
The market is primarily segmented based on type, distribution channel, application, and region.
|
By Type |
By Application |
By Distribution Channel |
By Region |
|
|
|
|
Know more about this report: Request for sample pages
Tri Tops Segment is Expected to Witness the Fastest Growth
Tri Tops is a brand-new, cutting-edge item of triathlon wear on the market. Any triathlon, Ironman, and other endurance sports competition must have this item. This product's primary purpose is to give customers a wind- and water-resistant outer layer that also keeps people cool in hot weather. Athletes would perform better and have a better time because overheating problems won't occur during practice or competition. These are utilized for running on a huge scale. There are several brands available since they have made money by researching and creating equipment.
Furthermore, Tri shorts are short-sleeved cycling clothes that can be worn alone or under a bathing suit. Typically constructed of polyester, nylon, and spandex, triathlon shorts contain storage zipped fly pockets.
Due to an increase in health consciousness among individuals of all ages worldwide, the triathlon sector has expanded in recent years. The increase in popularity of sports like cycling and swimming is credited with driving the segment's rise. Additionally, the choice of consumers for triathlon apparel has increased due to the demand for cozy yet stylish tri shorts. Manufacturers of triathlon apparel are launching new products in a variety of designs for all body types and age groups with customization to fulfill the rising consumer demand.
Men’s Segment Industry Accounted for the Highest Market Share in 2022
A rise in participation rates and several events throughout the world are likely to help the men's category maintain its dominance over the forecast period. Due to the overwhelming presence of males at both casual and formal events like Ironman, the men's category contributed the least to overall income, in 2022. The majority of Australian triathletes in 2019 (64%), according to Triathlon Australia, were men. Additionally, market participants are putting effort into launching a line of triathlon apparel to meet regional demand. Additionally, development at this time is anticipated to be fueled by the Ironman brand's rising popularity among male competitors. The market segments are expected to benefit from the widespread adoption of e-commerce channels for the delivery of market products to increase their geographic reach.
Europe Accounted for the Highest Market Share in 2022
One of the major markets in the area that is recording the highest market share during the study period in Europe. One of the most notable factors influencing the development of this area is the key producers' increased product collection for the triathlon apparel industry. There are also expanding initiative programs in the regions that are boosting the growth of the market. In October 2022, Carey Olsen teams up with the World Triathlon Bermuda and competes with the legal team to generate money for Family Centre Bermuda. The premier offshore legal practice is also honored to be an official partner as well as one of the event's sponsors as it comes for the first year since the epidemic.
Moreover, North America is the prime region followed by Europe. This is because there are many domestic and international contests, including the yearly U.S. Sprint Triathlon Championship and eight Ironman races with an average of 16,000 Ironmen and IronWomen competitors. Expenditure on textile and ethical fashion materials created with low-impact techniques, like organic cotton and recycled nylon, is heavily influenced by the U.S. These elements are projected to have a favorable effect on the expansion of the market in North America throughout the forecast year.
Furthermore, business in the Asia-Pacific region was encouraged by government initiatives in several nations to build sports infrastructure. For instance, the State General Sports Administration of China, the Ministry of Industry and Information Technology of China, and nine departments released a collaborative action plan in June 2019 to improve the domestic sports industry's infrastructure. This strategy is anticipated to play a significant part in raising consumer awareness of domestic sporting events, which will increase demand for sportswear in the nation.
Competitive Insight
Some of the major players operating in the global triathlon clothing market include 2XU, Alii Sport ,Active Angelz, COEUR Multi-Sport, De Soto Clothing Company, Fanatics Inc., HUUB Design, Kiwami Triathlon Corp., Louis Garneau Sports, Nike Inc., Priyam Knit, Pearl Izumi Inc., Triumph Sportswear, TYR SPORT, Zone3 Ltd., and Zoot Sports.
Recent Developments
- In June 2022, Liv has agreed to be the inaugural Tour de France Femmes with Zwift's first partner. During the eight-stage women's sports cycling race, the firm is supporting the white shirt that represents the Best Young Rider Classification.
Triathlon Clothing Market Report Scope
|
Report Attributes |
Details |
|
Market size value in 2023 |
USD 2.06 billion |
|
Revenue forecast in 2032 |
USD 4.23 billion |
|
CAGR |
8.3% from 2022 – 2030 |
|
Base year |
2022 |
|
Historical data |
2019 – 2021 |
|
Forecast period |
2023 – 2032 |
|
Quantitative units |
Revenue in USD billion and CAGR from 2023 to 2032 |
|
Segments Covered |
By Type, By Application, By Distribution Channel, By Region |
|
Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
|
Key Companies |
2XU, Alii Sport, Active Angelz LLC, COEUR Multi-Sport, De Soto Clothing Company, Inc., Fanatics Inc., HUUB Design GmbH, Kiwami Triathlon Corp., Louis Garneau Sports Inc., Nike Inc., Priyam Knit Pvt. Ltd., Pearl Izumi Inc., Triumph Sportswear Design Studio Private Limited, TYR SPORT. INC., Zone3 Ltd., and Zoot Sports |
FAQ's
The global Triathlon Clothing market size is expected to reach USD 4.23 billion by 2032.
Key players in the triathlon clothing market are 2XU, Alii Sport (Active Angelz, COEUR Multi-Sport, De Soto Clothing Company, Fanatics Inc., HUUB Design, Kiwami Triathlon Corp., Louis Garneau Sports, Nike Inc., Priyam Knit, Pearl Izumi Inc., Triumph Sportswear, TYR SPORT, Zone3 Ltd., and Zoot Sports.
Europe contribute notably towards the global triathlon clothing market.
The global triathlon clothing market expected to grow at a CAGR of 8.3% during the forecast period.
The triathlon clothing market report covering key segments are type, distribution channel, application, and region.
© 2024 Polaris Market Research and Consulting. All rights reserved
