The latest report by IMARC Group, titled “Functional Apparel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.“ offers a comprehensive analysis of the industry, which comprises insights on the global functional apparel market trends. The global market size reached US$ 351.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 544.6 Billion by 2028, exhibiting a growth rate (CAGR) of 7.5% during 2023-2028.
Functional clothing is clothing that can serve numerous purposes. They are created from soft and pliable materials like polyester, nylon, and viscose, which offer workability, comfort, and the desired practical performance. Manufacturers use reproducible technologies that protect the end product from temperature variations, UV rays, microorganisms, and radiations. As a result, they are widely used in the production of medical, leisure, and sports clothes.
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Functional Apparel Market Trends and Drivers:
The market is primarily driven by the increasing participation in sports-related activities. Nowadays, individuals are adopting physically active lifestyles due to the rising health consciousness, which is escalating the demand for activewear and other functional apparel. In addition, various product innovations, such as the introduction of clothing with additional padding to improve blood circulation, maintain even pressure, and prevent infections, represent another major growth-inducing factor. Besides this, key manufacturers are also using advanced nano and microfibers that absorb sweat from the body to ensure optimal hygiene for the wearer. This, coupled with the rising expenditure capacities and rapid urbanization, especially in developing economies, are creating a favorable market outlook across the globe.
Report Segmentation:
The report has segmented the market into the following categories:
Competitive Landscape:
- Adidas AG
- ASICS Corporation
- Columbia Sportswear Company
- Gap Inc
- Lululemon Athletica
- Nike Inc.
- Puma SE (Artemis S.A)
- PVH Corp.
- Under Armour Inc
- VF Corporation
Breakup by Product Type:
- Sports Wear
- Active Wear
- Protective Clothing
- Others
Breakup by Application:
- Sports Industry
- Outdoor Clothing
- Healthcare
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Stores
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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