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Triathlon clothing comes in various sizes and styles. With the increasing popularity of triathlons since 2000, the clothing designed for this sport has become more specialized, offering a wider range of options in the market. As more women have joined sports in recent years, the demand for triathlon clothing has also gone up. The global triathlon clothing market has seen significant innovation with the introduction of new products and research and development by industry players.
The market for triathlon clothing is expected to grow, showing a Compound Annual Growth Rate (CAGR) of 7.29% during the forecast period from 2019 to 2026. In 2018, Europe led the market with a share of 39.3%, followed by North America and Asia-Pacific with shares of 31.5% and 18.0%, respectively.
The global triathlon clothing market is categorized based on type, application, and region. Concerning type, the tri tops material segment held the largest market share at 20.5% in 2018, with a value of USD 191.63 million. This segment is projected to have a CAGR of 6.04% during the forecast period. In terms of application, the men's segment accounted for the largest market share at 61.1% in 2018, with a value of USD 570.10 million. This segment is expected to register a CAGR of 7.64% during the forecast period.
The growth in the popularity of triathlons has led to an increase in the diversity and specialization of triathlon clothing. Women's participation in sports has also contributed to the rising demand for specialized clothing. The market is continually evolving with new products and advancements, making it more accessible and appealing to a broader audience.
As the market continues to grow, there will likely be more options and innovations in triathlon clothing, catering to the needs of a diverse group of athletes. The forecasted growth indicates a positive trend in the market, driven by the increasing interest in triathlons and the desire for suitable clothing among participants. This presents an optimistic outlook for the industry's development in the coming years.
Triathlon Clothing Market Highlights:
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