Triathlon Clothing Market Growth & Trends
The global triathlon clothing market size is expected to reach USD 3,637.3 million by 2030 and is expected to expand at 8.5% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. Factors such as the increasing number of sports enthusiasts and growing popularity of triathlon globally are driving the demand for triathlon clothing. Rising health consciousness among consumers and their drive to find new ways to maintain their fitness is another factor driving the market’s growth.
Increased interest in triathlons, rising disposable income, and expanding knowledge of the health advantages of triathlon training are all factors contributing to the market expansion. Demand for high-end products in the market is expected to be driven by rising disposable income levels in emerging economies such as China, India, Brazil, Russia, South Africa, and Indonesia. As manufacturers concentrate on creating cutting-edge, comfortable designs and materials, triathlon apparel is also becoming more inexpensive and widely available.
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The COVID-19 pandemic negatively impacted the market. There was a restriction on mass gatherings across the world in 2020 and the initial months of 2021 which resulted in the cancellation of numerous sports events. In addition, sports clothing remained out of reach for consumers as it was deemed a non-essential product during the pandemic. Thus, various sports apparel stores were closed in 2020. All these factors hampered the growth in 2020 and 2021.
Triathlon Clothing Market Report Highlights
Based on type, the tri shorts segment is expected to grow at a CAGR of 8.1% over the forecast period. This segment is primarily driven by features like quick drying technology, breathability, quick-wicking, zipper access, aerodynamic fit, and fabric of the tri suitsBased on application, the men segment is anticipated to showcase a CAGR of 7.9% during the forecast period because of higher participation of men in triathlon eventsBased on distribution channel, the online segment is anticipated to showcase a CAGR of 9.5% during the forecasted period owing to a shift in customer preference toward online distribution channelsEnquire for customization in Report @https://www.grandviewresearch.com/checkout/select-license/triathlon-clothing-market-report
Triathlon Clothing Market Segmentation
Grand View Research has segmented the global triathlon clothing market based on type, application, distribution channel, and region:
Triathlon Clothing Type Outlook (Revenue, USD Million, 2017 - 2030)
Tri TopsTri ShortsTri SuitsTriathlon Clothing Application Outlook (Revenue, USD Million, 2017 - 2030)
MenWomenTriathlon Clothing Distribution Channel Outlook (Revenue, USD Million, 2017 - 2030)
OnlineOfflineList of Key Players in the Triathlon Clothing Market
Zone3 Ltd.Zoot SportsDe Soto Clothing Company, IncLouis Garneau SportsFanatics Inc.2XUPearl IzumiOrcaKiwami TriathlonTYR SPORT. INC.Browse Full Report:https://www.grandviewresearch.com/industry-analysis/triathlon-clothing-market-report
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Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. Grand View Research database is used by the world's renowned academic institutions and Fortune 500 companies to understand the global and regional business environment. Our database features thousands of statistics and in-depth analysis on 46 industries in 25 major countries worldwide.
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