Global Functional Apparel Market, By Product (Sportswear, Active Wear, Protective Clothing, Footwear, Others), Application (Professional Athletic, Armature Athletic, Others), Distribution Channel (Supermarkets/Hypermarkets, Convenience Store, Online), End User (Men, Women, Children) – Industry Trends and Forecast to 2029.
Functional Apparel Market Analysis and Size
The world's leading textile engineers and designers work to produce high-quality functional garments, and significant investments take place in the growth of innovative and new technologies and products in the sports, military sectors and others. Functional apparel provides the wearer good comfort because it has excellent moisture-wicking properties, which enable sweat to transfer from the inside to the outside of the cloth. Furthermore, these products are used in the sports and military sector and are now employed in the manufacture of casual and urban clothing.
Data Bridge Market Research analyses that the functional apparel market was valued at USD 360.00 billion in 2021 and is expected to reach USD 797.31 billion by 2029, registering a CAGR of 10.45% during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Functional Apparel Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Sportswear, Active Wear, Protective Clothing, Footwear, Others), Application (Professional Athletic, Armature Athletic, Others), Distribution Channel (Supermarkets/Hypermarkets, Convenience Store, Online), End User (Men, Women, Children)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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V.F. Corporation (U.S.), Columbia Sportswear Company (U.S.), Adidas (Germany), Amer Sports (Finland), DESCENTE LTD (Japan), Decathlon Sports India Pvt Ltd (India), Lafuma (France), Group Rossignol USA, Inc. (U.S.), Volcom, LLC. (U.S.), SPYDER ACTIVE SPORTS (U.S.), Halti Global Store. (Finland), Under Armour Inc, (U.S.), BOGNER (U.S.), Trek Kit India (India)., Tube Pro, Inc (Canada), Airhead Sports Group (U.S.), L.L. Bean Inc, (U.S.), Agit Global, Inc. (U.S.), Emsco Group (U.S.), Slippery Racer (U.S.), Gizmo Riders (U.S.), Zipfy Inc, (Canada)
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Market Opportunities
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Market Definition
Functional apparel refers to those clothes which are worn while performing several activities. They are also likable and deliver essential protection to the wearer. These clothes may differ in design and are made using advanced fabrics to provide functionality to users, besides offering the utility of essential garments. Functional apparel meets the need of adaptability and performance. Formerly, such clothing was limited to the technology workers, military, sports sector and others.
Global Functional Apparel Market Dynamics
Drivers
- High usage of functional apparel due to high strength
The available apparel is highly in demand due to their power, tear-resistant materials, and lightweight, comfortable, multi-functional apparel among end users. This is one of the major factor which is promoting the growth of the functional apparel market during the forecast period of 2022-2029.
- Maintain overall performance during sports
Functional apparel is designed in a specific way for your sport. It can further add to your overall performance by supporting the right muscle groups during exercise and training and protecting the sensitive areas. Functional apparel also helps you perform more effectively with less injury. Fitness functional apparel can significantly influence how your muscles and body movements during exercise and playing sports.
Opportunities
- Strict Rules and Regulations
The rise in requirements stringency and regulatory standards have primarily accelerated the growth of the market during the forecast period. Countries such as Europe and North America have severe rules and regulations regarding safety in many industries, for instance Firefighters must wear protective apparel such as boots, pants, coats, gloves and self-contained breathing apparatus. Considering all these factors, these regulations further boost the market growth.
Furthermore, growing a huge number of participants in the many sports activities is also an opportunity for the growth rate of the functional apparel market. Moreover, emerging new markets and rise in strategic collaborations will further create beneficial opportunities for the market.
Restraints/ Challenges
- Issue associated with functional apparel
However, commercializing fake functional apparel products is hindering the global growth rate of the functional apparel market. However, high cost of the sports and snow functional apparel might impede the market growth during the forecast period. The negative impact of COVID-19 outbreak slowdown the supply chain which has significantly hindered the supply of raw materials pose as a challenge for the market will act as market restraint for the market growth rate.
This functional apparel market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the functional apparel market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Functional Apparel Market
The coronavirus epidemic has harmfully affected the functional apparel market growth due to a pause in production and delay in major projects worldwide. The government has imposed lockdowns that have restricted transport activities and have further downturned the industry's size. Furthermore, the declining demand for functional apparel from many end-user industries and the high cost of volatile raw materials during pandemic may hamper the market growth in upcoming future. Rising residential projects and rapid vaccination policies will largely contribute to the functional apparel market share overall the globe.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Developments
- In February 2021, Belle International and Hanesbrands Inc. entered into a licensing agreement to introduce a line of accessories and footwear under the Champion brand to help consumers in China.
- In July 2020, Loyal Textile Mills in partnership with HeiQ and Reliance Industries announced the introduction of operational clothing line in the collection of reusable personal protective equipment.
Global Functional Apparel Market Scope
The functional apparel market is segmented on the basis of product, application, distribution channel and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Sportswear
- Active Wear
- Protective Clothing
- Footwear
- Others
Application
- Professional Athletic
- Armature Athletic
- Others
Distribution Channel
- Supermarkets/Hypermarkets
- Convenience Store
- Online
End User
- Men
- Women
- Children
Functional Apparel Market Regional Analysis/Insights
The functional apparel market is analysed and market size insights and trends are provided by country, product, application, distribution channel and end-user as referenced above.
The countries covered in the functional apparel market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the functional apparel market in terms of market share. This is due to the increasing demand for premium sports apparels in this region.
Asia-Pacific is expected to be the fastest developing region during the forecast period of 2022-2029 because of rising rate of participation of young populace in several sports such as swimming, marathons and trekking in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Functional Apparel Market Share Analysis
The functional apparel market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to functional apparel market.
Some of the major players operating in the functional apparel market are:
- V.F. Corporation (U.S.)
- Columbia Sportswear Company (U.S.)
- Adidas (Germany)
- Amer Sports (Finland)
- DESCENTE LTD (Japan)
- Decathlon Sports India Pvt Ltd (India)
- Lafuma (France)
- Group Rossignol USA, Inc. (U.S.)
- Volcom, LLC. (U.S.)
- SPYDER ACTIVE SPORTS (U.S.)
- Halti Global Store. (Finland)
- Under Armour Inc, (U.S.)
- BOGNER (U.S.)
- Trek Kit India (India)
- Tube Pro, Inc (Canada)
- Airhead Sports Group (U.S.)
- L.L. Bean Inc, (U.S.)
- Agit Global, Inc. (U.S.)
- Emsco Group (U.S.)
- Slippery Racer (U.S.)
- Gizmo Riders (U.S.)
- Zipfy Inc, (Canada)
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