Global Functional Apparel Market by Product (Active Wear, Sportswear) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

In 2018, the global functional apparel market was worth USD 284.2 billion. Global demand for protective clothing that protects from the sun, rain, wind and snow drives this industry. Market growth is expected to be boosted by rising health awareness and a growing desire to exercise, which can help fight various diseases.

Because of its technological advances and ability to increase performance, functional work apparel is also growing in importance on the global market. The future will see a shift in lifestyles and a growing preference for activewear.

Global demand for functional apparel is expected to rise due to increasing disposable income, urbanization, as well as the introduction of technically advanced products into developing countries like India, China, and Bangladesh. The utility of functional apparel products is expected to rise due to the shifting of rural populations to urban areas in these countries.

Functional sportswear apparel is in high demand due to its durability, safety, improved performance and the availability of various types of products, including synthetic, cotton, and polyester. Future trends will see a rise in demand for functional sportswear apparel products that can be worn alone, rather than with multiple protective gear.

Functional workforce apparel is also in demand, especially in construction and mining, which are subject to extreme conditions. Market demand for functional apparel will be driven by the introduction of flame monitors, water resistance, flame resistant fabrics and steel-edged gloves, boots.

High prices for apparel are due to new technology that makes the apparel lighter and more durable. This is a significant market restraining factor. In the coming years, the global market will be affected by product duplication, which decreases the demand for the original brand.

Product Insights

In 2018, 32.8% of the global functional apparel market was dominated by sportswear. This category includes apparel for professionals as well as armatures. This segment has seen a rise in demand due to the high use of sportswear for daily workouts. In Asia Pacific, there will be a rise in demand for functional sportswear apparel products due to increasing concerns about workouts and their benefits.

From 2019 to 2025, activewear products will grow at a 7.2% CAGR. Market demand for activewear apparel products is expected to rise with the introduction of new product designs that reflect the latest fashion trends. Activewear will see a rise in popularity among young people in developed countries like the U.S. and Canada.

Distribution Channel Insights

The supermarkets/hypermarkets segment generated a revenue of USD 127.8 billion in 2018. This segment is expected to grow because of growing consumer preference to shop at supermarkets/hypermarkets for functional apparel products. It is easier to feel and see the fabric and get the right fit. The easy and wide availability of functional apparel products in supermarkets/hypermarkets helps the customers to choose a wide range of products. This will likely drive this segment.

Functional apparel can also be purchased at convenience stores near the customer. Online sales are expected to grow at 6.8% between 2019 and 2025 due to the addition of e-commerce shops in the market. These stores will increase product supply and make it easier for customers to access them. Myntra and Jabong are just a few of the companies that have launched new online services to deliver at customers' doorsteps. These factors will open up new markets and increase global market demand.

Application Insights

The majority of market share was held by the professional sports application segment. In 2018, the segment generated USD 122.8 billion in revenue. The 38.6% market share for Armature's athletic products was 38.6%. This is due to the growing popularity of sportswear among both the young and working population. New products that incorporate technology and are in fashion are also becoming more popular among young people. This will lead to a rise in demand for functional apparel products.

In the next few years, significant growth is expected in the other application segment. This segment includes apparel for workers such as those working in construction, mining, or the search and rescue. Functional apparel is becoming more popular in developed countries like the U.S. and Canada, as well as Germany, France, and the U.K. This region's population is required to exercise daily to lead a healthy and happy life. To reach a wider population, manufacturers are developing new product designs and features.

Regional Insights

In 2018, North America and the Asia Pacific accounted for over 60.0% of global revenue. Because of their increasing disposable income and advanced lifestyles in countries like the U.S., China and India, functional apparel products are most commonly consumed in the Asia Pacific and North America.

There are potential growth opportunities in Europe and other parts of the world because the population of countries like Brazil, South Africa and UAE is moving towards a healthier lifestyle. It can increase the demand for functional and professional apparel in the region.

Market Share Insights & Key Companies

Under Armor, Adidas, PVH Corporation, Gap, 361Aprt, PUMA, S.E, Reebok, Ralph Lauren, Asics Corporation, Amer Sports, Jockey International, Hugo Boss, Umbro, Russell Brands, LLC are key market players. To increase their market share, the companies are creating new product designs based on consumer preferences.

Market Report on Functional Apparel

The Report Covers Certain Segments

This report predicts revenue growth at all levels, including regional and national, and includes analysis of industry trends for each sub-segment from 2015 to 2025. Grand View Research has divided the global functional clothing market report by product, application and distribution channel.

• Product Outlook (Revenue USD Million, 2015-2025)

  • Sportwear

  • Activewear

  • Protective clothing

  • Footwear

  • Other

• Application Outlook (Revenue USD Million, 2015-2025)

  • Professionals

  • Armature Athletic

  • Other

• Distribution Channel Outlook (Revenue USD Million, 2015-2025)

  • Supermarkets/Hypermarkets

  • Convenience Store

  • Online

• Regional Outlook (Revenue USD Million, 2015-2025)

  • North America

    • The U.S.

  • Europe

    • Germany

    • France

  • Asia Pacific

    • India

    • China

  • Central & South America

    • Brazil

  • Middle East & Africa

    • South Africa

These are the most frequently asked questions about this report

b. Global functional apparel market was valued at USD 301.21 trillion in 2019, and is forecast to grow to USD 319.28 trillion in 2020.

b. Global functional apparel markets are expected to expand at 6.4% compound annual growth rate between 2019 and 2025, reaching USD 438.02 billion in 2025.

b. With a 34.7% share in 2019, Asia Pacific was the dominant market for functional apparel. This can be attributed to rising consumer disposable income, a higher standard of living and an increasing demand for apparel that is sport-related.

b. b.

b. The market is growing due to the increasing demand for performance-enhancing apparel and protection clothing from natural elements like rain, snow, and UV.

Up Market Research published a new report titled “Functional Apparel Market research report which is segmented by Product (Active Wear, Sportswear), By Players/Companies Reebok, Ralph Lauren, Umbro, Asics Corporation, LLC, Nike, Gap, PVH Corp, Russell Brands, Hugo Boss, SE, 361Aprt, Amer Sports, PUMA, Adidas, Jockey International, Under Armor”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Functional Apparel Market Report Segments:

The market is segmented by Product (Active Wear, Sportswear).

Functional Apparel Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Functional Apparel Market

Overview of the regional outlook of the Functional Apparel Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Functional Apparel Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Functional Apparel Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Active Wear

                2. Sportswear

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Functional Apparel Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
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• Product & Brand Management
• Channel & Customer Management
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Reasons to Purchase the Functional Apparel Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.