The modern-day document posted via Report Ocean, titled “Functional Apparel Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023 to 2031,” affords a complete evaluation of the industry, which includes insights on the market trends. The file additionally consists of competitor and regional analysis, and present-day developments in the market. This document can serve as a fantastic information for investors, researchers, consultants, advertising strategists and all these who are planning to foray into the market in any form.
The Functional Apparel market size was valued at $282.30 billion in 2018 and is expected to reach $505.80 billion by 2026, registering a CAGR of 7.7% from 2019 to 2026 The global functional apparel market is segmented on the basis of product type, application, distribution channel, and region. Based on product type, the market is segmented into Sportswear, active wear, protective clothing and others. Based on application, the market is classified into sports industry, outdoor clothing and healthcare. By distribution channel, the market is divided into offline and online.
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Activewears are designed to enhance the performance of customers, especially fitness & sports enthusiasts. Enhanced breathability of fabric, wicking function, bi-stretch ability, enhanced grip, among others are some of the major factors boosting the performance of users, which make activewear superior than other substitutes. On the other hand, anti-bacterial fabrics used in activewear reduce body odor and prevent degradation of activewear color. Thermal insulation is another major advantage of activewear. Despite the use of lightweight and thin fabric, thermal activewear are helpful in maintaining the body temperature in unfavorable weather situations. Anti-static, quick-drying, and elasticity of fabric are some of the miscellaneous advantages of activewear, which increase ease-of-care and maintenance of this clothing. Thus, performance boosting, easy care & maintenance, and other advantages of activewear have fueled its demand across the world
Fitness enthusiasts show high propensity to pay premium prices for fitness related products, which are necessary to achieve their fitness goals. Fitness has become one of the major part of daily routine of a substantial number of consumers. Increasing participation in sports and fitness activity has led to a more comprehensive approach of customers toward fitness and sports-related products. On the other hand, the female apparel segment is highly fragmented. Fashionable activewear has witnessed surge in demand, due to increase in adoption of apparel from the female consumers. In addition, shift in female physical activity participation is one of the major factors driving the demand for activewear. Increasing number of female fitness models, sports players, and athletes developed a holistic approach of female consumers toward sports and fitness. Moreover, the ongoing trend of healthy aging has witnessed increased popularity among the geriatric population. The requirement of performance boosting fitness products is expected to increase among the geriatric population, owing to increase in health & fitness associated with ageing.
This factor boosts the demand for activewear among elderly consumers, owing to performance boosting features of activewear such as enhanced grip, wicking, and back support, among others. Thus, rise in participation of customers provides potential opportunities for market expansion. Athleisure is a clothing type that is a cross over between activewear and leisure wear. Improvements in design and materials used for such clothes have significantly increased its popularity across the world. Increasing adoption of athleisure clothing as an office wear has positively impacted the growth of the overall market. Further, numerous advantages of athleisure clothing, such as protection from adverse weather, wicking & breathability, thermal insulation, lightweight, and ease of washing & care have helped the market to gain popularity and traction among young consumers. On the other hand, fashionable designs and customization options in athleisure activewear supplement the market growth.
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KEY BENEFITS FOR STAKEHOLDERS
– The report provides an extensive analysis of the current and emerging market trends and opportunities in the global functional apparel market.
– The report provides detailed qualitative and quantitative analysis of current trends and future estimations that help evaluate the prevailing market opportunities.
– A comprehensive analysis of the factors that drive and restrict the growth of the market is provided.
– An extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework.
– The report provides extensive qualitative insights on the potential segments or regions exhibiting favorable growth.
Key players operating in the market includes Puma, Nike, Under Armour, Adidas, Lululemon Athletic, Asics Corporation, Columbia Sportswear Company, Gap Inc., North Face, Phillips-Van Heusen Corporation and others
KEY MARKET SEGMENTS
By Product Type
– Sportswear
– Active wear
– Protective Clothing
By Application
– Sports Industry
– Outdoor Clothing
– Healthcare
By Distribution Channel
– Offline
– Online
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By Region
– North America
o U.S.
o Canada
o Mexico
– Europe
o UK
o Germany
o France
o Italy
o Spain
o Russia
o Rest of Europe
– Asia-Pacific
o China
o India
o Japan
o Australia and New Zealand
o Rest of Asia-Pacific
– LAMEA
o Latin America
o Middle East
o Africa
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
In this report, the key questions answered:
- How has the adoption of Market impacted COVID-19?
- What are the key market tips in key areas?
- Which utilized sciences are most impacting the anticipated global enterprise?
- Who are the major global game enthusiasts in modern times dominating the Market?
- How do AI clients turn out to be conscious of technological knowledge in strolling theatres?
- What are the vital corporation fashions determined via way of the foremost market players?
- What are the key factors that will have an effect on the expand of Market globally?
- How foremost game enthusiasts in the Global corporation environment are incorporating key
- What is the present day income contribution of distinct product kinds in the market and what are the predicted changes?
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