15% growth in industry spend and 10,000 new participants in 2015
The sport of triathlon enjoyed a year of significant growth in 2015, with 140,000 people accounting for a record total of 220,000 race starts, and a 15 per cent rise in total spend to £417.5 million, according to the fourth annual research study of Britain’s multisport community by the Triathlon Industry Association (TIA).
The annual industry health check, which combined an in-depth quantitative survey of 5,072 triathletes with multiple trade interviews, identified both clear strengths for the industry’s stakeholders to build upon, but also some significant challenges facing the sport.
The study pointed to a large, engaged and affluent base of participating athletes, with an average age of 42 and salary of £48,900, spending more on coaching, fitness tech and triathlon-related overseas travel than ever before.
The proportion of women doing triathlon stayed the same in 2015 as the year before, at 28%. Interestingly, whilst equally engaged, the female triathlete’s spend bias is towards gym membership, training camps and racing overseas in contrast to the male bias towards new hardware.
However, the study also showed that age appears to be a major factor in determining the success of the sport’s recruitment initiatives. The landmark age of 40 years old clearly represents an important milestone, with an 8% rise in participation for the larger group of those over 40 and a 9% drop for the smaller group of those aged under 40 recorded.
The research also found that Strava (up to 43% from 35% in 2014) has overtaken Twitter (39% in 2015) as triathletes’ most used social platform after Facebook (73%). This, combined with the relatively low levels of triathlon-related social sharing, less than 25% of active triathletes share content at least weekly, indicates an opportunity to grow the influence of triathlon through social media – and build an outreach to the younger community of Millennials.
Nick Rusling, Chairman of the TIA comments: “Our annual study is invaluable in helping us to build an ever-clearer picture of the triathlon community in order that we can continue to grow our sport and its associated businesses. On the one hand it is very encouraging to see our core audience grow and become more engaged with everything the sport has to offer, but we must also reflect on the challenges we face and collectively develop campaigns to address them. The competition to attract the millennial audience is fierce, so triathlon needs to up its game to remain front of mind.”
The Triathlon Industry Association comprises event organisers, equipment manufacturers, tour operators, retailers, distributors and media.
For more information about TIA: http://www.triathlonindustryassociation.org