COVID-19 Analysis on Triathlon Clothing Market Top Competitors and Forecast To 2024
The global triathlon clothing market has been segmented based on type, application, and region. Based on type, the market has been divided into tri top, tri short, and tri suit. The tri top segment held the majority market share in 2018. However, the tri short segment is anticipated to be the fastest growing, followed by tri suit segment.
Based on application, the market has been divided into men and women. The men segment accounted for the larger market share in 2018. However, the women segment is expected to exhibit the higher CAGR during the forecast period. Manufacturers are adopting e-commerce channels for the distribution of their products to increase their geographic reach.
The Global Triathlon Clothing Market is Estimated to be valued at USD 1,631.82 Million by 2026 and is Expected to Register a CAGR of 7.29% during the forecast period.
The tri top segment dominated the global triathlon clothing market, by type, and is projected to reach USD 303.58 Million by 2026 owing to the cost-effectiveness of the product. Moreover, growing awareness regarding the importance of triathlon clothing will create more demand, which is expected to drive the global triathlon clothing market.
Europe dominated the market, accounting for the largest share of the market in 2018, and the regional market is expected to register a CAGR of 7.13% during the review period. The North American market was the second largest in 2018. The market is projected to reach USD 526.43 Million by the end of 2026, with Canada being the leading market.
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Market Research Future (MRFR) recognizes 2XU (Australia), Alii Sport (Active Angelz LLC) (US), De Soto Sport (Germany), HUUB Design (UK), Kiwami Triathlon (Kiwami) (France), TYR Sport, Inc. (US), Louis Garneau Sports (Canada), Orca (New Zealand), Pearl Izumi (US), Zone3 (UK), Zoot Sports (Hawaii), Castelli (Italy) as the key players in the global triathlon clothing market.
Geographically, the global triathlon clothing market has been segmented into Europe, North America, Asia-Pacific, South America, and the Middle East and Africa. As per MRFR analysis, Europe holds the largest market for triathlon clothing in 2018 and is expected to remain dominant during the review period. North America accounted for a significant market share and is projected to be the second-largest market during the forecast period. Increasing participation of athletes for triathlon in recent years is a major driving factor for the growth of the triathlon clothing market in Europe.
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