Functional apparel are specifically designed and engineered to meet predefined performance requirements. This includes protection against harsh weather conditions and extreme hazards at work or during any sporting activities.
These apparel can perform multiple functions apart from their aesthetics and basic protection of the wearer
North America is the largest functional apparel market worldwide, followed by Europe and Asia Pacific
North America and Europe are mature Functional Apparel Markets. This can be attributed to the rise in participation in sports and other fitness activities in North America. Moreover, manufacturers in North America are increasingly focusing on investing in the development of new products to stay competitive in the market.
Changing lifestyles and demand for unique products have driven the masses to opt for durable and comfortable apparel. Rising millennial population and the chance of expanding this trend in unexplored regions might provide opportunities in coming years.
However, the Asia Pacific market is expected to grow at a significant rate over the forecast timeline, owing to rise in disposable income. China is the leading market for functional apparel in the Asia Pacific region.
The use of disposable protective clothing eliminates the need for decontamination and sterilization, which are generally associated with the use of reusable protective clothing
Moreover, for major players, waste is no longer a problem but a resource. They have incorporated various strategies to turn “waste” into a viable resource.
Advanced technology has changed the global outlook towards apparel manufacturing, and a great deal of importance is laid on designing, manufacturing, and advertising of various apparels. Nanotechnology is a growing technology often seen as a new industrial revolution.
The global functional apparel market has been segmented based on product type, fabric, finishes, consumer group, distribution channel, and region. Growing awareness about health and fitness among masses is significantly driving the growth of the global functional apparel market.
The comfort seeking middle class with high disposable income, changing lifestyles, and rapid urbanization has led to increased demand for functional apparel
Moreover, growing inclination of people toward individual fitness encourages them to enroll in gym or personal training activities in order to remain healthy and active in daily life. Hence, fueling growth of the overall market worldwide.
In terms of product type, the global functional apparel market has been classified into sportswear: top wear [t-shirts, bra, others (dress etc.)], bottom wear [track pants, shorts, others (briefs etc.)], footwear [shoes, socks], Active-wear: top wear [t-shirts, bra, others (dress etc.)], bottom wear [track pants, shorts, others (briefs etc.)], footwear [shoes, socks], protective wear: suits, top wear, bottom wear, footwear, [boots, toe guards, others (leggings, etc.)], casual wear: top wear [shirts, t-shirts, others (dresses, etc.)], bottom wear [jeans, casual trouser, others (shorts etc.)], footwear [shoes, socks], formal wear: top wear [shirts, coat/ blazers, others (tops etc.)], bottom wear [trousers, skirts], footwear [shoes, socks], others (vanity clothing, outdoor clothing etc.)
In terms of fabric, the global functional apparel market has been segmented into conventional fabric (polypropylene, cotton, nylon, wool, and polyester), specialty fabric (neoprene and spandex), and others (x-static, Tencel, Gore-Tex, etc.)
Based on finishes, the functional apparel market has been divided into antimicrobial, water resistant, quick dry, moisture management, fire resistant, UV protection, and others (stain repellent, abrasion resistant etc.)
Based on consumer group, the functional apparel market has been divided into men, women, and kids
In terms of distribution channel, the market has been bifurcated into online and offline. Online segment has been sub-divided into company-owned website and e-Commerce website. Offline channel has been sub-divided into hypermarkets & supermarkets, specialty stores, and brand stores.
Based on region, the market has been classified into North America (U.S., Canada, and Rest of North America), Europe (U.K., Italy, France, Germany, and Rest of Europe), Asia Pacific (India, China, Japan, and Rest of Asia Pacific), Middle East & Africa (GCC Countries, South Africa, and Rest of Middle East & Africa), and South America (Argentina, Brazil, and Rest of South America)
The functional apparel market is fragmented due to the presence of several players. Competition is expected to intensify in the coming years with the entry of several local players. Key companies profiled in the research report include Adidas AG, Asics Corporation, Columbia Sportswear Company, Inditex, Nike, Inc., Puma SE, PVH Corporation, Skechers USA, Inc., Under Armour Inc., and VF Corporation.