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.
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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.
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.
Key Findings of the Study:
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.
- Europe accounted for the largest market share with the UK being the major contributor to the growth of the market.
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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