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In terms of type, the market is segmented as tri shorts, tri tops, and tri suits. The triathlon clothing industry size from the tri-suits segment will grow at more than 8% CAGR over 2023-2032 as tri-suits are a style of clothing that can be worn by both men and women. They are made of a stretchy material and can be worn snugly on the body while jogging or riding. Quick drying technology, breathability, quick-wicking, aerodynamic fit and fabric, zipper access, and increasing consumer willingness to spend on triathlon apparel are also driving segment expansion.
Based on application, the industry is categorized into men and women. The men segment accounted for 64% of the triathlon clothing market revenue in 2022 due to the strong prevalence of male participants at both formal and informal events such as Ironman. As per Triathlon Australia, the majority of triathlon attendance in Australia in 2019 was by men (64%). Furthermore, market participants are taking efforts to launch triathlon-clothing collections that cater to country-specific demand. Triathlon clothing for males is available from brands like HUUBINDIA and comprises wet suits, tri suits, and other triathlon gear.
North America triathlon clothing market was valued at USD 940 million in 2022, attributed to increasing R&D investments in textiles and ethical fashion materials created with low-impact technologies, such as organic cotton and recycled nylon, especially in the U.S. The U.S. textile and apparel import rose by over 22% in 2022. These factors are expected to have a positive impact on the regional market through the projected period.