Functional Apparel Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Functional apparels are defined as those garments which are designed to perform multiple functions other than their aesthetics and basic protection of the wearer. Several types of functional apparels are available in the market which incluses sports-functional clothing, athleisure clothing, and others. These apparels are designed from synthetic fabrics such as polyester and nylon, which altogether provides the best combination of the necessary properties.

MARKET DYNAMICS

The functional apparel market has witnessed a significant growth owing to factors such as rising fascination of consumers towards the functional apparel coupled with growing consumer orientation towards healthy lifestyle. Moreover, the rise in participation of consumers in physical fitness activities provides a huge market opportunity for the key players operating in the functional apparel market. However, availability of counterfeit brands is projected to hamper the overall growth of the functional apparel market.

MARKET SCOPE

The "Global Functional Apparel Market Analysis to 2031" is a specialized and in-depth study of the consumer goods industry with a special focus on the global markettrend analysis. The report aims to provide an overview of thefunctional apparel market with detailed market segmentation by product, application, distribution channel and geography. The global functional apparel market is expected to witness high growth during the forecast period. The report provides key statistics on the marketstatus of the leading functional apparel market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global functional apparel market is segmented on the basis of product, application, and distribution channel. On the basis of product, the functional apparel market is segmented into sportswear, active wear, protective clothing, footwear and others. Based on application, the global functional apparel market is divided professional athletic, armature athletic and others. Based on distribution channel, the global functional apparel market is divided supermarkets/hypermarkets, convenience stores and offline.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the globalfunctional apparel market based on various segments. It also provides market size and forecast estimates from the year 2021to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. Thefunctional apparel market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting thefunctional apparel market from both demand and supply side and further evaluates marketdynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting thefunctional apparel marketin these regions.

MARKET PLAYERS

The reports cover key developments in the functional apparel market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of marketplayers. The marketpayers fromfunctional apparel market is anticipated to lucrative growth opportunities in the future with the rising demand for functional apparel in the global market. Below mentioned is the list of few companies engaged in thefunctional apparel market.

The report also includes the profiles of key companies along with their SWOT analysis and marketstrategies in thefunctional apparel market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•  Adidas AG
•  Asics Corporation
•  Columbia Sportswear Company
•  Hanes Brands Inc.
•  Hugo Boss AG
•  Jockey International, Inc.
•  Nike, Inc.
•  PUMA, S.E.
•  Reebok
•  Russell Brands, LLC
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Functional Apparel Report Scope