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. Further, 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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Industry Segments
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.
Based on application, the market has been divided into men and women.
Key Findings of the Study:
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The global triathlon clothing market is projected to reach over USD 1,631.82 million by 2026 at a 29% CAGR during the review period of 2018 to 2026 .
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Europe accounted for the largest market share with the UK being the major contributor to the growth of the market.
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The Tri Tops segment by type is projected to register the highest CAGR of 6.04% during the forecast period owing to the benefits offered by tri top over other types of triathlon clothing.
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Industry Key Players
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.
Regional Analysis
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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