The Triathlon Clothing Market to be Dominated by North America During the Forecast Period
Rising
demand for triathlon clothing due to an increase in the number of athletes and
the growing popularity of the e-commerce retail market are the leading factors
driving the triathlon clothing market during the projected period.
According
to TechSci Research report, “Triathlon Clothing Market–Global Industry Size,
Share, Trends, Competition, Opportunity, and Forecast, 2018-2028F,” the global triathlon clothing
market is expected to grow faster during the forecast period. Increasing
consumer awareness of the importance of triathlon clothing and its advantages
is the key factor driving the growth of the global market for triathlon
clothing. Triathlon clothing is appropriate for swimming, long-distance
running, and cycling in terms of both design and fabric. Growing triathlon
popularity, rising disposable income, and growing awareness of the health
benefits of triathlon training are all factors contributing to global market
expansion throughout the forecast period.
Additionally,
growing number of women participating in sports, a flourishing organized retail
sector, new product launches, an increase in marketing efforts for triathlon,
and research and development (RD) by commercial players are other factors
driving the global triathlon clothing market. The expansion of the global
triathlon clothing market, however, may be constrained by the high cost of the
products. Cultural differences and a lack of awareness in developing countries
can both have a negative impact on market expansion. which is driving up sales
and is projected to accelerate the expansion of the triathlon clothing
industry. Additionally, the rise in the number of participants in triathlons is
giving the industry a boost and driving up demand for triathlon clothing. With
the rapidly rising popularity of triathlon is also increasing the demand of
triathlon clothing across the globe during the forecast period.
Moreover,
due to the increasing number of women participating in triathlon activities,
the diversification of triathlon clothing is motivating new launches, which is
accelerating the triathlon clothing market growth. Various new products are
being introduced in response to the growing need for improved triathlon
clothing that makes it easier to participate in sporting events, which is
expected to support the market's expansion. For instance, recently, the brand
Stolen Goat, known for its commitment to design, recently unveiled its new line
of tri suits and tri top/tri shorts. The new collection is designed in the UK
and manufactured in Europe. Moreover, in 2022 a breaststroke wetsuit was
introduced by Zone3 Ltd due to the demand ofmajority of people for something
they can wear during swim front crawl and breaststroke with comfort.
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The global triathlon clothing market is segmented
based on product type, end user, price range, distribution channel, region and
company.
The market is divided into tri shorts, tri tops,
tri suits, wetsuits, others (arm warmers, socks, goggles, shoes, etc.) based on
product type. Among which tri tops segment is predicted to contribute to major
market share growth.
Based on end user, the market is further divided
into men, women, and kids. Based on price range, the market is further divided
into low, medium, high.
Based on distribution channel, the market is
fragmented into supermarkets/hypermarkets, exclusive stores, multi-branded
stores, online stores, and non-retail. Online segment is the fastest growing
and as internet usage grows and consumers use e-commerce websites more
frequently, there is an increased demand for online marketplaces.
The market analysis also studies the regional
segmentation to devise regional market segmentation, divided among North America,
Europe, Asia-Pacific, South America, and Middle East & Africa. With a
significant share, the global triathlon clothing market is dominated by the
North America region. This is because there are various local, regional, and
international sporting events, such as the well-known Ironman and Sprint
Triathlon Championships held yearly in the United States.
Key market players in the global triathlon clothing market include:
- 2XU Pty Ltd.
- HUUB Ltd.
- Zone3 Ltd.
- ROKA Sports, Inc.
- TYR Sport, Inc.
- Orbea S. Coop. (ORCA)
- Coeur Sports Inc.
- blueseventy LLC
- Everlast Worldwide, Inc.
- Fanatics Inc.
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“Due
to the rise in popularity of triathlons and other activities like swimming,
cycling, and running, the global market for triathlon clothing is expanding
rapidly. The main drivers of the expansion of the triathlon apparel industry
are increased commercialization and shifting lifestyle preferences, especially
in developing countries. Other significant reasons, such as a growth in the
number of triathletes aredriving the market for triathlon clothing. Therefore,
during the forecastperiod, the aforementioned factors will continue to fuel
demand for triathlon apparel globally.” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based global management consulting
firm.
“Triathlon
Clothing Market–Global Industry Size, Share, Trends, Competition, Opportunity,
and Forecast, 2018-2028F, Segmented
By Product Type (Tri Shorts, Tri Tops, Tri Suits, Wetsuits, Others (Arm
Warmers, Socks, Goggles, Shoes, etc.)), By End User (Men, Women, Kids), By
Price Range (Low, Medium, High), By Distribution Channel
(Supermarkets/Hypermarkets, Exclusive Stores, Multi-Branded Stores, Online
Stores, Non-Retail), By Region, Competition Forecast & Opportunities, 2018-2028F,” has evaluated the
future growth potential of triathlon clothing in the global market and provides
statistics and information on market structure, size, share, and future growth.
The report is intended to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities present in the global triathlon clothing market.
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