Rising health awareness, increased investment in development of advanced technical fabrics, advancements in fabric manufacturing and rising adoption of functional apparels across athletic and non-athletic applications are the key forces driving the growth of the global functional apparel market. The functional apparels refer to advanced form of technical clothing or technical textile and are used widely for boosting performance of athletes. Additionally, the functional apparels are also used as protective clothing across military and healthcare applications owing to integration of advanced technical features into fabrics. The sports textile manufacturers are focusing towards incorporation of advanced features and to improve the technical features of functional apparels to gain a competitive advantage in the global market. The competitive landscape of the global functional apparel market is moderately consolidated with strong consumer preference for selective brands. With rising investment in upgrading the textile manufacturing infrastructure, the global functional apparel market is anticipated to grow significantly during the forecast period.
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North America contributed the largest share to the global functional apparel market in 2019 owing to strong demand from athletic and non-athletic applications and increased adoption of functional apparels across major countries. Increased demand fueled by product innovation, rising health awareness, and integration of advanced functionalities are the key attributes contributing towards the growth of the global functional apparel market. Asia Pacific held the second largest share of the global functional apparel market in 2019 and is anticipated to be the fastest growing segment during the forecast period. The Asia Pacific functional apparel market is anticipated to dominate volume sales of the functional apparels during the forecast period owing to the expansion of technical textile manufacturing across the regions and growing popularity of functional apparels across major countries.
Functional Apparel Market Share Analysis, by Geography (2019)
The report titled “Functional Apparel Market – Global Market Share, Trends, Analysis and Forecasts, 2020-2030” offers market estimates for a period 2018 to 2030, wherein 2018 is historic period, 2019 is the base year, and 2020 to 2030 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global functional apparel market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.
The global functional apparel market is segmented on the basis of type, fabric type, finishing, end use, and geography. Based on type, the global functional apparel market is segmented into sportswear, outdoor clothing, innerwear, footwear, socks, swimwear, and others. Based on fabric type, the global functional apparel market is segmented into conventional fabric and specialty fabric. The conventional fabric segment is sub-segmented into polypropylene, cotton, bamboo, wool, polyester, and others. The specialty fabric segment in further sub-segmented into neoprene, spandex, and others. Based on finishing, the global functional apparel market is segmented into water resistant, anti-microbial, wicking, stain resistant, and others. Based on sales channel, the global functional apparel market is segmented into online and offline. The offline segment is sub-segmented into supermarkets/hypermarkets, convenience store, and others. Based on end use, the global functional apparel market is segmented into athletic and non-athletic. Based on geography, the global functional apparel market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
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The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment and would identify the segment of the company focusing on functional apparel. Further, market share of prominent companies in the global functional apparel market would also be estimated. The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, swot analysis, and research and development focus of all the functional apparel companies.