Functional Apparels Market Statistics 2019 | Impressive Growth, Size, Value Share, Global Demand, Leading Players Review and Forecast to 2023

Functional Apparels Market Research Report 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)

Market Analysis

Global Functional Apparels Market during the forecast period. 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.

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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).

Market Segment

Based on product type, the Global Functional Apparels 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 apparels 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.

Global Functional Apparels Market 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.

Regional Analysis

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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