The Global Triathlon Clothing Market size is expected to reach $2.9 billion by 2028, rising at a market growth of 8.4% CAGR during the forecast period.
A tri suit is a skin-tight single piece outfit created mainly for triathlon racers to offer comfort and decrease the requirement to switch clothing from running to cycling and swimming. There are many different sizes and designs of triathlon clothing. People will wear a range of costumes for any given triathlon, and they will train for triathlons in a variety of different clothes and athletic equipment. Usually, a tri suit is a single piece outfit, yet, two-piece variations exist with different tops & shorts.
These are mainly selected for longer races where comfort is more significant. All trisuits have cycling chamois fabricated for ease on the bike leg of the race. Although, these are more thin than conventional shorts for cycling to enable the wearer to race without extra friction. Typically, tri suits have no sleeves to enable substantial shoulder movement for swimming; nonetheless, tri suits with tight-fitted sleeves have become more prevalent currently.
The fabric of a tri suit is crucial, as athletes will switch from swimming to cycling; the outfit requires to be quick-absorbing so that it can be comfortable for most of the cycling. The fabric also requires to be breathable or wicking, as running & cycling are sweat-generating actions and the tri suit is taight-fitted. There are various choices for triathlon clothing. Outfit options comprise one-piece tri suits, triathlon tops, and triathlon shorts.
Triathlon clothing is, in fact, a combination of running, cycling, and swimming clothing technology. The clothing utilized in triathlon must be tight fitted to decrease the chances of discomfort. In addition, it must be hydrodynamic and dry soon so it would be adequate and let the user feel comfortable even after swimming, running, and cycling.
Another essential feature is the padding in the shorts to ensure comfort while cycling and not creating uneasiness in the leg while running. Triathlon clothing material is identical to spandex, which is snug; nevertheless, with enough stretch, it could be comfortable and form-fitting. It also dries quickly, is breathable, and doesn’t tend to soak up a lot of moisture. Most triathlon outfit brands also reduce friction or hotspot areas by utilizing laser-welded seams or flatlock seams.
The COVID-19 pandemic has severely affected the development change in every sector of the economy. The triathlon clothing market has also been adversely impacted due to outspread of COVID-19. The pandemic has affected the supply chains of the sports clothing industry, as several nations were forced to impose restrictions over trading and shipping in order to limit the increase of the virus. The demand for triathlon clothing declined as a result of temporary closure of sports academies, gyms and travel restriction which enforced people to stay at home.
The populations of developing and developed countries are becoming highly inactive, and the rising populations doesn’t meet PA (physical activity) guidelines. This has resulted in obesity and overweight becoming the dominating threat factor for poor health in countries like Australia and the USA. There is growing evidence that taking part in sports could have health benefits as well as physical fitness, which can remarkably enhance social and mental health. More particularly, there is proof that involvement in arranged sports result in better health, mainly because of the social nature of engagement. This all has resulted in the growth of triathlon clothing market.
The eCommerce industry is continuously expanding because the importance, influence, and reach of the online world are only increasing. There are a variety of factors contributing to this exponential increase, including the advent of social media and brand ambassadors who have far wider audiences than in the past. People are no longer constrained to a single store or even 100 physical stores in a mall, which is why eCommerce is growing so rapidly worldwide. Now that there are so many marketplaces offering access to a wide range of brands and options, customers may go to whatever retailer they want. The easy accessibility of triathlon clothing through online shopping has surged the popularity and sales of the triathlon clothing, thereby leading to market growth.
Although yoga and various other sports got extremely favored worldwide, the awareness about and penetration of triathlon outfits is still significantly less in a few countries. Presently, most people like to do yoga and different sports in their regular loose attires, instead of preferring skin fitted triathlon clothing. People usually think that clothing doesn’t matter for doing yoga and various other sports, and thus, they mostly evade investing in triathlon outfits. Furthermore, the aging population who are over 40 years of age comprises a crucial portion of the number of people performing yoga and various other sports. The popularity of triathlon outfits is more prevailing among the younger generation than in the aged population. These factors may restrain the market growth for triathlon clothing during the projection period.
Based on type, the triathlon clothing market is segmented into tri tops, tri shorts and tri suits. Tri-suits are a kind of outfit, appropriate for both women and men. They are designed from a stretchy material; that can be worn snugly and offer support while cycling, jogging or doing relative activities. Factors such as breathability, quick-wicking, quick-drying technology, aerodynamic fit & fabric, the willingness of customers to spend on triathlon clothing, and zipper access are among the significant reasons supporting the market growth in this segment. stimulating this segment.
On the basis of application, the triathlon clothing market is fragmented into men and women. In 2021, the men segment held the highest revenue share in the triathlon clothing market. This is due to the growing number of sports events being conducted, and the increase in participation rates among male adults worldwide. In addition, extensive advertising techniques being used by marketers such as paid partnerships with fitness influencers for advertising their products among men is supporting the market’s expansion in this segment.
By distribution Channel, the triathlon clothing market is divided into online and offline. In 2021, the online segment recorded a considerable growth rate in the triathlon clothing market. The segment demand is propelled by the transformation in customer preference toward online supply channels. In addition, features such as increased product availability, simple payment methods, and doorstep delivery inspire the growth of online sales. The online market demand is also developing as an outcome of the increasing internet utilization and consumers' rising usage of e-commerce websites.
| Report Attribute | Details |
|---|---|
| Market size value in 2021 | USD 1.7 Billion |
| Market size forecast in 2028 | USD 2.9 Billion |
| Base Year | 2021 |
| Historical Period | 2018 to 2020 |
| Forecast Period | 2022 to 2028 |
| Revenue Growth Rate | CAGR of 8.4% from 2022 to 2028 |
| Number of Pages | 161 |
| Number of Tables | 330 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling |
| Segments covered | Application, Type, Distribution Channel, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Region-wise, the triathlon clothing market is analysed across North America, Europe, Asia Pacific and LAMEA. In 2021, the North America region held the maximum revenue share in the triathlon clothing market. The United States significantly contributes to R&D spending on ethical fashion materials and textiles produced with low-effect techniques, such as recycled nylon and organic cotton. These factors are expected to positively influence the development of the triathlon clothing market in this region throughout the predicted period. Along with this, the people across the region have high spendable income and thus can afford buying expensive triathlon clothing from well known brands.
Free Valuable Insights: Global Triathlon Clothing Market size to reach USD 2.9 Billion by 2028
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Zone3 Ltd., Zoot Sports, De Soto Clothing Company, Inc., Louis Garneau Sports, Fanatics Inc. (Kynetic), Pearl Izumi (United Sports Brands), Orca Australia, Kiwami Triathlon, TYR Sport, Inc. (Swimwear Anywhere, Inc.), and 2XU Pty Ltd. (Louis Vuitton Moët Hennessy).
By Application
By Distribution Channel
By Type
By Geography
The global Triathlon Clothing Market size is expected to reach $2.9 billion by 2028.
Increase in sport activities participation are driving the market in coming years, however, Less adoption of triathlon outfits restraints the growth of the market.
Zone3 Ltd., Zoot Sports, De Soto Clothing Company, Inc., Louis Garneau Sports, Fanatics Inc. (Kynetic), Pearl Izumi (United Sports Brands), Orca Australia, Kiwami Triathlon, TYR Sport, Inc. (Swimwear Anywhere, Inc.), and 2XU Pty Ltd. (Louis Vuitton Moët Hennessy).
The expected CAGR of the Triathlon Clothing Market is 8.4% from 2022 to 2028.
The Offline segment acquired maximum revenue share in the Global Triathlon Clothing Market by Distribution Channel in 2021 thereby, achieving a market value of $1.5 billion by 2028.
The North America market dominated the Global Triathlon Clothing Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1.2 billion by 2028.
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