The global functional apparel market size reached US$ 378.4 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 662.4 Billion by 2032, exhibiting a growth rate (CAGR) of 6.42% during 2023-2032.
Functional apparels refer to garments with enhanced aesthetic, comfort and protection functionalities. Some commonly available functional apparel includes athleisure, seamless wear, sports-functional and medical-functional clothing. They are usually manufactured using synthetic materials, such as nylon, viscose and polyester, that exhibit temperature-regulating, water- and oil- resistant, anti-static, quick-drying and performance boosting properties.
These apparels protect the wearer from harsh winds, temperatures, chemicals, microbes and ultraviolet (UV) radiations. They also provide enhanced breathability of fabric, wicking, grip and stretchability and can aid in improving blood flow and reducing muscle fatigue and cramping. As a result, they are widely used to manufacture geotextiles, personal protective wear and medical, military, sports and leisure apparel.
Various product innovations, such as the launch of variants with additional padding to improve blood circulation and oxygen delivery, maintain even pressure on the skin and prevent infections, are acting as other growth-inducing factors. Product manufacturers are also using advanced nano and microfibers that absorb sweat from the body and facilitate evaporation to ensure optimal hygiene for the wearer. Other factors, including rising expenditure capacities, along with rapid urbanization, especially in the developing economies, are anticipated to drive the market toward growth.
2. What is the expected growth rate of the global functional apparel market during 2024-2032?
3. What has been the impact of COVID-19 on the global functional apparel market?
4. What are the key factors driving the global functional apparel market?
5. What is the breakup of the global functional apparel market based on the product type?
6. What is the breakup of the global functional apparel market based on the application?
7. What is the breakup of the global functional apparel market based on the distribution channel?
8. What are the key regions in the global functional apparel market?
9. Who are the key players/companies in the global functional apparel market?
Functional apparels refer to garments with enhanced aesthetic, comfort and protection functionalities. Some commonly available functional apparel includes athleisure, seamless wear, sports-functional and medical-functional clothing. They are usually manufactured using synthetic materials, such as nylon, viscose and polyester, that exhibit temperature-regulating, water- and oil- resistant, anti-static, quick-drying and performance boosting properties.
These apparels protect the wearer from harsh winds, temperatures, chemicals, microbes and ultraviolet (UV) radiations. They also provide enhanced breathability of fabric, wicking, grip and stretchability and can aid in improving blood flow and reducing muscle fatigue and cramping. As a result, they are widely used to manufacture geotextiles, personal protective wear and medical, military, sports and leisure apparel.
Functional Apparel Market Trends:
The increasing participation in sports-related activities across the globe is among the key factors driving the market growth. With the rising health consciousness among the masses, there is an emerging trend of adopting physically active lifestyles that have resulted in the escalating demand for activewear and other functional apparel. Fitness influencers are also collaborating with sports- and athleisure wear brands through social media and e-commerce platforms to reach a broader consumer base.Various product innovations, such as the launch of variants with additional padding to improve blood circulation and oxygen delivery, maintain even pressure on the skin and prevent infections, are acting as other growth-inducing factors. Product manufacturers are also using advanced nano and microfibers that absorb sweat from the body and facilitate evaporation to ensure optimal hygiene for the wearer. Other factors, including rising expenditure capacities, along with rapid urbanization, especially in the developing economies, are anticipated to drive the market toward growth.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global functional apparel market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on product type, application and distribution channel.Breakup by Product Type:
- Sports Wear
- Active Wear
- Protective Clothing
- Others
Breakup by Application:
- Sports Industry
- Outdoor Clothing
- Healthcare
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Stores
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Adidas AG, ASICS Corporation, Columbia Sportswear Company, Gap Inc, Lululemon Athletica, Nike Inc., Puma SE (Artemis S.A), PVH Corp., Under Armour Inc and VF Corporation.Key Questions Answered in This Report
1. What was the size of the global functional apparel market in 2023?2. What is the expected growth rate of the global functional apparel market during 2024-2032?
3. What has been the impact of COVID-19 on the global functional apparel market?
4. What are the key factors driving the global functional apparel market?
5. What is the breakup of the global functional apparel market based on the product type?
6. What is the breakup of the global functional apparel market based on the application?
7. What is the breakup of the global functional apparel market based on the distribution channel?
8. What are the key regions in the global functional apparel market?
9. Who are the key players/companies in the global functional apparel market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Functional Apparel Market
6 Market Breakup by Product Type
7 Market Breakup by Application
8 Market Breakup by Distribution Channel
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Adidas AG
- ASICS Corporation
- Columbia Sportswear Company
- Gap Inc
- Lululemon Athletica
- Nike Inc.
- Puma SE (Artemis S.A)
- PVH Corp.
- Under Armour Inc
- VF Corporation
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 139 |
| Published | August 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 378.4 Billion |
| Forecasted Market Value ( USD | $ 662.4 Billion |
| Compound Annual Growth Rate | 6.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
