Dublin, May 16, 2023 (GLOBE NEWSWIRE) -- The "Triathlon Clothing Market Size, Share & Trends Analysis Report By Type (Tri Tops, Tri Shorts, Tri Suits), By Application, By Distribution Channel, By Region, And Segment Forecasts, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.
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.
Companies Mentioned
- Zone3 Ltd.
- Zoot Sports
- De Soto Clothing Company, Inc.
- Louis Garneau Sports
- Fanatics Inc.
- 2XU
- Pearl Izumi
- Orca
- Kiwami Triathlon
- TYR SPORT. 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.
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 suits
- Based 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 events
- Based 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 channels
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 80 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $2050.1 Million |
| Forecasted Market Value (USD) by 2030 | $3637.3 Million |
| Compound Annual Growth Rate | 8.5% |
| Regions Covered | Global |
Key Topics Covered:
Chapter 1 Methodology & Scope
Chapter 2 Executive Summary
Chapter 3 Triathlon Clothing Market Variables, Trends & Scope
3.1 Market Introduction
3.2 Penetration & Growth Prospect Mapping
3.3 Value Chain Analysis
3.3.1 Sales/retail channel analysis
3.3.2 Profit margin analysis
3.4 Market Dynamics
3.4.1 Market Driver Analysis
3.4.1.1 Growing e-commerce retail market
3.4.1.2 Rising popularity of triathlon and growing participation by kids and women
3.4.2 Market Restraint Analysis
3.4.3 Market Opportunity Analysis
3.4.4 Market Challenge Analysis
3.5 Business Environment Analysis
3.5.1 Industry Analysis: Porter's Five Forces
3.6 Roadmap of the Triathlon Clothing Market
3.7 Market Entry Strategies
3.8 Impact of COVID-19 on the Triathlon Clothing Market
Chapter 4 Consumer Behavior Analysis
4.1 Demographic Analysis
4.2 Consumer Trends & Preferences
4.3 Factors Affecting Buying Decision
4.4 Consumer Product Adoption
4.5 Observations & Recommendations
Chapter 5 Triathlon Clothing Market: Type Analysis and Estimates
5.1 Type Analysis & Market Share, 2022 & 2030
5.2 Tri Tops
5.2.1 Tri tops triathlon clothing market estimates and forecast, 2017 - 2030 (USD Million)
5.3 Tri Shorts
5.3.1 Tri shorts triathlon clothing market estimates and forecast, 2017 - 2030 (USD Million)
5.4 Tri Suits
5.4.1 Tri suits triathlon clothing market estimates and forecast, 2017 - 2030 (USD Million)
Chapter 6 Triathlon Clothing Market: Application and Estimates
6.1 Application Analysis & Market Share, 2022 & 2030
6.2 Men
6.2.1 Men triathlon clothing market estimates and forecast, 2017 - 2030 (USD Million)
6.3 Women
6.3.1 Women triathlon clothing market estimates and forecast, 2017 - 2030 (USD Million)
Chapter 7 Triathlon Clothing Market: Distribution Channel Analysis and Estimates
7.1 Distribution Analysis & Market Share, 2022 & 2030
7.2 Online
7.2.1 Online triathlon clothing market estimates and forecast, 2017 - 2030 (USD Million)
7.3 Offline
7.3.1 Offline triathlon clothing market estimates and forecast, 2017 - 2030 (USD Million)
Chapter 8 Triathlon Clothing Market: Regional Estimates & Trend Analysis
Chapter 9 Competitive and Vendor Landscape
9.1 Key Players, Recent Developments, and Their Impact on the Industry
9.2 Key Company Categorization
9.3 Vendor Landscape
9.3.1 Triathlon Clothing Market Share Analysis, 2021 (%)
Chapter 10 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/zdpmsq
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