Functional Apparel Market Growth and Research Report Forecast 2019-2023: Take your Business at New Heights

Functional Apparel Market Growth and Research Report Forecast 2019-2023: Take your Business at New Heights

“Functional Apparels Market Research Report”
Functional Apparels Market Research Report: Information by Product Type (Protective Wear, Sportswear, Laboratory Wear, and Others), End User (Men and Women), and Region (North America, Europe, Asia-Pacific, and Rest of the World) — Global Forecast till 2023

Market Highlights:

The Global Functional Apparel Market has been divided, by end user, into men and women. The men segment is expected to dominate the global functional Apparel market during the assessment period. Large men population involved in gymnasium and other activities including cycling, golfing, skateboarding, and many more looking for comfort and style are expected to fuel the global functional Apparel market during the forecast period. Large number of men are employed in jobs involving high life risk such as real estate and factories manufacturing goods which require safety precautions at work are further boosting the global functional Apparel market. However, the women segment is projected to record the highest CAGR due to growing number of working women and increasing involvement of women in sports activities such as swimming and volleyball as well as fitness regimes including yoga.

The functional use of a fabric refers to its utility and durability in a garment which is influencing the purchase intent of consumers across the globe. Several utilities offered by functional Apparel include shape retention, comfort, ease of care, and safety. Durability of a functional apparel refers to the serviceability of the fabric regarding strength, abrasion resistance, and resistance to degradation by chemicals and other foreign elements. Furthermore, the design, material used, manufacturing, and the finish of a garment defines the aesthetic performance of functional Apparel.

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Based on product type, the global functional Apparel market has been segmented into protective wear, sportswear, laboratory wear, and others. The protective wear segment has been further segmented into hand protection, foot protection, and others. The sportswear segment has been divided into head gear, footgear, and others. The laboratory wear is further segregated into footwear, lab coat, hand wear, and others. The sportwear segment is expected to dominate the global functional Apparel market during the forecast period. Among the sports clothing, the footwear sub-segment has witnessed the highest market share in 2017.

Growing need for footwears catering to high flexibility, ground feel and toe freedom are boosting the adoption of footwears in the functional sportswear segment. However, fabric manufacturers are incorporating properties such as flex or stretch, water repellency, softness, and wind or cold-blocking options to the Apparel. Popularity of innovative trends in functional Apparel is increasing since people are highly prone to extreme conditions such as contaminated surfaces and harmful solar radiations which may lead to diseases such as skin cancer or contact dermatitis. These factors are expected to boost the protective wear segment and register the highest CAGR during the forecast period.

Key Players:

Some of the key players in the Global Functional Apparel Market are

  • Adidas AG (Germany)
  • Icebreaker (New Zealand)
  • Tommy Hilfiger Licensing LLC (Netherlands)
  • Nike Inc. (US)
  • New Balance Athletics Inc. (US)
  • Under Armour Inc. (US)
  • ASICS Corporation (Japan)
  • Russell Brands LLC (US)
  • Skechers USA Inc. (US)
  • Puma SE (Germany)

Segmentation:

The Global Functional Apparel Market has been segmented based on Product Type, End Use, and Region.

By product type, the global functional Apparel market has been segregated into protective wear, sportswear, laboratory wear, and others. The protective wear segment has been further segmented into eye protection, hand protection, foot protection, and others. The sportswear segment has been divided into head gear, eye & face shields, mouth guards, and others. The laboratory wear is further segregated into safety goggles, footwear, lab coat, hand wear, and others.

The Global Functional Apparel Market has been classified as end use into men and women.

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Regional Analysis:

The global functional Apparel market has been segmented by North America, Europe, Asia-Pacific, and the rest of the world.

The functional Apparel market in North America is expected to dominate during the forecast period. Rising consumption of high calorie and fast food has aroused a sense of health consciousness among consumers of the region. This change has influenced the consumers to get involved in physical and sports activities, which in turn is expected to drive the regional market growth during the forecast period. 

Asia-Pacific is expected to dominate and continue to grow rapidly during the forecast period. High adoption of cross-cultural fashion trends, growing inclination for outdoor sports and increasing need for safety gears in hazardous work life are expected to increase the adoption of functional Apparel across the region.

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