Functional Apparels Market Future Growth Opportunities to 2023

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 apparels 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 apparels.

The global Functional Apparels Market Share has been divided, by end user, into men and women. The men segment is expected to dominate the global functional apparels 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 apparels 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 apparels 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.

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Regional Analysis:

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

The functional apparels 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 apparels across the region.

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Segmentation:The global functional apparels market has been segmented based on product type, end use, and region.

By product type, the global functional apparels 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 apparels market has been classified as end use into men and women.

Key Players:Some of the key players in the global functional apparels 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), and Puma SE (Germany).

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