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
The global triathlon clothing market size is expected treach USD 4.23 billion by 2032, according ta new study by Polaris Market Research. The report “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” gives a detailed insight intcurrent market dynamics and provides analysis on future market growth.
The market will experience profitable growth due trising obesity rates and increased public awareness of the benefits of cycling and swimming. According tthe “World Obesity Atlas” 2022, which was released by the “World Obesity Federation”, 1 billion people across the globe would be obese, by 2030. Therefore, people are tending towards the adoption of triathlon sports which is driving the market growth.
One factor that helps the market share is product innovation. In the upcoming years, as a part of the era, it is predicted that product quality innovation timprove performance and durability will increase the market share of triathlon apparel. However, the high price of the products on the market could hinder market expansion. In the projected term, it is anticipated that the high costs associated with the production and processing of triathlon apparel will start tlimit their market share.
The growing number of triathletes and major manufacturers' increased attention ttechnical developments are twadditional important factors fostering the growth of the market. For instance, in October 2021, Wattie Ink, a California-based manufacturer of sophisticated technical triathlon apparel, changed its name tSpaerTriathlon. The company alshas a strong ambassador team program tgalong with its new identity. Also, in February 2022, Champion System USA introduced a new line of personalized triathlon suits for consumers in the US. The outfits are offered in sizes XS t4XL and are cut for both men and women.
Additionally, an increase in consumer preferences for e-commerce and online distribution channels has alscontributed tthe demand for triathlon clothing. The growth of online share is being encouraged by elements like doorstep delivery, straightforward payment options, and expanded product availability. The growth of internet usage and the rising popularity of e-commerce websites are both driving up demand for online marketplaces. The digital revolution has alsextended throughout several industries owing tthe pandemic, including the market for triathlon clothing. Consumers now prefer online shopping tavoid awkward and needless social interaction as a result of the pandemic.
Triathlon Clothing Market Report Highlights
Women segment is anticipated tgrow rapidly over the forecast period. This is a result of women participating in triathlon competitions at higher rates and their propensity for physically healthy sports.
Tri Suits segment accounted high revenue share owing tthey are supported during jogging or cycling because they are constructed of an elastic material that may be worn close tthe body.
North America is expected tgrow significantly over the projected period. The market region is starting tdraw the attention of triathlon clothing makers and producers.
The global market players are 2XU, Alii Sport (Active Angelz LLC, De SotClothing Company, Inc., Louis Garneau Sports Inc., and TYR SPORT. INC., Zone3 Ltd., and Zoot Sports
Polaris Market Research has segmented the Triathlon Clothing market report based on type, distribution channel, application, and region:
Triathlon Clothing, Type Outlook (Revenue - USD Billion, 2019 - 2032)
Tri Tops
Tri Shorts
Tri Suits
Triathlon Clothing, Application Outlook (Revenue - USD Billion, 2019 - 2032)
Men
Women
Triathlon Clothing, Distribution Channel Outlook (Revenue - USD Billion, 2019 - 2032)
Online
Offline
Triathlon Clothing, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
North America
U.S.
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Latin America
Argentina
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook