Triathlon Clothing Market Poised To Garner Maximum Revenues By 2030
Market Scope
Market Research Future (MRFR) believes that the triathlon clothing market size shall soar at a rate of 8.21% over the appraisal period (from 2022 to 2030). The total market size by the end of the appraisal period is projected to be USD 2,886.9 Million, given the rising consumer interest in different sports activities.
Market Boosters and Barriers
The Triathlon Clothing Market is witnessing robust growth worldwide, with more and more consumers increasingly participating in a variety of outdoor recreational and competitive activities such as cycling, running, swimming, ski diving, and more. Dramatic rise in sports and leisure activities across Europe, Asia Pacific, and North America will have a positive impact on the worldwide market in the next several years.
A mounting number of companies are integrating new and enhanced features in their apparels, such as moisture-wicking, temperature regulation, wrinkle-free texture, and quick-drying properties that should drive their demand among the consumers. Most of the companies are focusing on technological innovations to develop high quality apparels with impressive efficiency.
With the emerging interest in healthy living and soaring number of fitness conscious people worldwide, the demand for triathlon clothing is expected to mount significantly in the future.
Segmental Analysis
Major types of triathlon clothing are Tri Shorts, Tri Tops, and Tri Suits. Tri tops will remain the leading segment in the future, with MRFR expecting it to touch USD 305.99 Million by 2027-end. Tri tops have gained widespread popularity among consumers, mostly among runners. Various brands are striving to capitalize on this mounting demand and are launching advanced tri tops with breathable quality to gain a higher number of customers.
Top applications of triathlon clothing are women as well as men. Men is the top biggest application-based segment in the triathlon clothing market, while the women segment could anticipate better growth in the years to come.
Regional Outlook
With a whopping share of 39.3% in the worldwide triathlon clothing market, Europe will remain highly lucrative throughout the analysis period. The substantial market size is the result of the rising introduction of breathable apparel by major brands, and the significant per capita expenditure of consumers on clothes. Evolving consumer tastes and surging preference for functional triathlon clothing, rise in outdoor activities like swimming, and cycling combined with the surge in intensive research and development activities carried out by manufacturers foster market growth as well.
North America is a notable revenue pocket in the global market, strongly influenced by the high adoption rate of modern technologies during manufacturing and the presence of major end-users. Soaring demand for a variety of triathlon clothing in line with the growth of the sports sector combined with frequent technological advances to develop new and better products with improved features will further benefit the North American industry.
Asia Pacific could be the fastest developing market, thanks to the thriving textile industry across various countries. India, Thailand and China are the most promising markets in Asia Pacific, owing to the mounting number of international brands entering the region and setting up their production sitess. Strong government support also adds to the market value in the region.
Renowned Companies
De Soto Sport (Germany), Zoot Sports (Hawaii), Kiwami Triathlon (Kiwami) (France), Pearl Izumi (US), TYR Sport, Inc. (US), Louis Garneau Sports (Canada), Zone3 (UK), HUUB Design (UK), Orca (New Zealand) are the top triathlon clothing manufacturers in the global industry.
Latest News
December 2021
Champion System Australia, a world-renowned custom clothing manufacturing developer has added to its line of sports apparel, introducing an improved series of custom triathlon suits for women and men. The new triathlon suits are made of Glide fabric, which contain a blend of polyester and spandex. These suits fit snugly while remaining comfortable. With a breathable property that allows temperature balance, it also prevents chafing and reduces friction.
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