Functional Apparel Market
Functional Apparel Market (Type - Sportswear, Outdoor Clothing, Innerwear (Athletic, Non Athletic), Footwear (Athletic, Non-Athletic), Socks (Athletic, Non-Athletic), Swimwear (Athletic, Non-Athletic); Fabric - Conventional Fabric (Polypropylene, Cotton, Bamboo, Wool, Polyester), Specialty Fabric (Neoprene, Spandex); Finishing - Water Resistant, Anti-microbial, Wicking, Stain Resistant, Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027
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Global Functional Apparel Market - Snapshot
Majorly fueling the growth of the functional apparel market is rising demand for high-performance, application-specific apparels and footwear coupled with the rising participation in sports and fitness activities. Functional apparels manufactured using advanced technology are usually made of polyester fabric or microfiber that absorbs sweat from the body on the fabric’s surface, from where it is evaporated. These apparels thus help athletes to stay dry and comfortable.
The rising interest in sports and fitness activities over the past years is a key factor driving the functional apparel market. Changing fashion trends and rise in the number of working women will stimulate the demand for non-athletic footwear. Further, the growing awareness of importance of health and fitness is likely to stir the demand for sportswear and footwear in the upcoming years. Increasing inclination of individuals towards fitness is encouraging them to get involved in gym or personal training activities so as to remain healthy and active in daily life. Worldwide, work-related stress and consumption of high-calorie food has aroused health consciousness among individuals. Individuals have become selective about apparels they wear for gym sessions, personal training, and even casual work.
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Over the last two decades, there has been a significant rise in interest as well as participation of people in sports and fitness activities worldwide. Popular brands such as Adidas and Mizuno are involved in sponsorship of sports event organizations. For instance, MIZUNO provides volleyball teams with uniforms and/or shoes. Such activities help the company claim the superiority of its products across the world. Hi-tech apparels help athletes perform better in training sessions and help avoid any accidental injury or infection.
Furthermore, growing inclination of people toward individual fitness encourages them to get involved in gym or personal training activities in order to remain healthy and active in daily life. One of the most popular technologies incorporated into training clothes, shoes, and socks is the compression technology. Applying a balanced surface pressure over specific body parts accelerates blood flow; increases oxygen delivery to the muscle groups being worked out; and enhances their performance. Improvement in the blood circulation also helps the body reduce the piling up of body fats. A combination of these effects allows an individual to work out at a higher pace for a longer time.
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People across the globe are becoming highly conscious about their health, and are becoming selective about apparels they wear for personal training, gym sessions, and even casual work. Highly engineered fabrics used in functional apparels offer protection from heat, extreme cold, radiation, chemicals. They possess special application potential in the current, technologically advanced world. The fabric used in functional apparels offers several benefits such as absorbing sweat from the body and keeping the individual warmer in cold climate and cooler in the summer or hot weather conditions. Moreover, these garments are made from anti-bacterial material, depending on application, to prevent body odor. Athletic footwear is designed to maximize comfort and help in improving the athletic performance by reducing/eliminating injuries. Rise in the incidence of foot allergies and diseases is constantly driving the need for specialized features in sports shoes and socks. Manufacturers in the textile industry are incorporating advanced technologies in hosiery products. For instance, manufacturers are embedding extra padding in sports socks, which inhibits foot allergies.
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Global functional apparel market has been segmented in terms of type, fabric, finishing, and geography. In terms of type, the market is divided into sportswear, outdoor clothing, innerwear, footwear, socks, and swimwear. Innerwear, footwear, socks, and swimwear is further divided into athletic and non-athletic. By fabric, the market is classified into conventional fabric, specialty fabric, and others. Conventional fabric is further segmented into polypropylene, cotton, bamboo, wool, and polyester. Specialty fabric is divided into neoprene, and spandex. Polyester and cotton are widely used fabrics in functional apparel across the globe. By geography, the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Cotton is the major cash crop in Asia Pacific. Production of abundant raw materials is resulting in the increased production of functional apparel in Asia Pacific. Shift in preference for affordable, durable, and comfortable functional apparel increases the demand for high-value fabrics such as polyester, wool, cotton, and other synthetic fabrics. The conventional fabric segment is expected to grow with a higher pace over the forecast period. Polyester is the most used product in functional apparel.
The functional apparel industry is fragmented across the world. Some of the industry participants of the global functional apparel market are
- Asics Corporation
- Calvin Klein
- HanesBrands Inc.
- Jockey International
- MIZUNO Corporation
- Nike Inc.
- Puma SE
- Russell Brands, LLC
- Skechers USA Inc.
- Under Armour Inc.
Global Functional Apparel Market – Scope of the Report
Transparency Market Research’s recent report on the functional apparel market, with the help of a comprehensive outlook, provides readers with an assessment of the global market landscape. This study on the functional apparel market analyzes the scenario for the period 2019 - 2027, wherein 2018 is the base year and 2017 and earlier is historical data. The report enables readers to make important decisions with regard to their business, with the help of a wealth of information enclosed in the study.
This TMR study on the functional apparel market provides data on the developments undertaken by important players and stakeholders in the market, along with a competitive analysis. The report also provides an understanding of strengths, weaknesses, threats, and opportunities, along with trends and restraints in the landscape. Presented in a clear sanctioned manner, this report on the global Functional Apparel market gives readers an individual understanding of the market.
The study discusses the underlying trends and impact of various factors that drive the global functional apparel market, along with their influence on the evolution of the market.
The study also offers Porter’s Five Force Analysis, value chain analysis, key trend analysis, and SWOT analysis of the global Functional Apparel market in order to highlight the crucial growth tactics and opportunities for market players.
Key Questions Answered in This Report on the Functional Apparel Market
- How much revenue will the functional apparel market generate by the end of the forecast period?
- What application functional apparel is likely to gain the maximum market share by 2027?
- What regions currently contribute the maximum share to the overall functional apparel market?
- What are the indicators expected to drive the global functional apparel market?
- Which region is likely to be a lucrative market during the forecast period?
- What are the essential strategies incorporated by key stakeholders in the global functional apparel market to expand their geographical presence?
- What are the major advancements witnessed in the global functional apparel market?
The report answers these questions and more about the global functional apparel market, aiding major stakeholders and key players in making the right decisions and strategizing for the advancement of their business.
Global Functional Apparel Market – Research Methodology
The TMR report on the global functional apparel market is based on a complete and comprehensive evaluation of the market backed by secondary and primary sources. The competitive scenario of the global functional apparel market is supported by an assessment of different factors that influence the market on a minute and granular level. By thoroughly analyzing the historical data and current trends, researchers of the global functional apparel market arrive at predictions and estimations, and calculate the forecast for the market.
The report uses an analytical triangulation method to estimate the numbers and figures of the global functional apparel market with both bottom-up and top-down approaches.
The detailed assessment of the global functional apparel market, along with an overview of the landscape is provided based on a careful examination of the avenues related to this market. Analysts’ conclusions on how the global functional apparel market is set to grow are based on carefully vetted primary and secondary sources.
- In this chapter, the report offers a dashboard view of the competition matrix of leading players in the global functional apparel market, along with structural analysis
- The report includes the below mentioned pointers of major players operating in the functional apparel market:
- Company Overview
- Product Profiling
- Product Innovation
- Business Strategies/Recent Developments
- Technological Advancements
- Key Mergers & Acquisitions
- Expansion Strategies
- Company Financials
Some of the Key Players Covered Under the Scope Include:
Market Segmentation/Research Scope –
Global Functional Apparel Market, by Type
- Outdoor Clothing
- Athletic Innerwear
- Athletic Footwear
- Athletic Socks
- Non-Athletic Socks
Global Functional Apparel Market, by Fabric
- Conventional Fabric
- Specialty Fabric
Global Functional Apparel Market, by Finishing
- Water Resistant
- Stain Resistant
Global Functional Apparel Market, by Region
- North America
- Asia Pacific
- Middle East and Africa
- South America
Global Functional Apparel Market – Segmentation
The report on the global functional apparel market provides information on the basis of type, fabric, finishing and region.
Middle East & Africa