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

MARKET INTRODUCTION

Apart from their beauty and fundamental safety of the wearer, functional apparels are those clothing that feature and perform numerous purposes. Athleisure clothes, sports-functional clothing, medical-functional clothing, and other types of functional wear are available on the market. The majority of consumers regard active wear to be pleasant and flexible, which can be linked to the materials utilized to create such clothes or footwear. The most typically utilized materials in such athleisure apparels are synthetic textiles such as polyester and nylon.

MARKET DYNAMICS

Trend of having a fit body and healthy lifestyle is driving the growth of the functional garments market. Furthermore, some of the key promotional activities carried out by sportswear manufacturers, is anticipated to create market opportunities for the functional garments market during the forecast period. However, high cost of functional garments may restrain the growth of the functional garments market.

MARKET SCOPE

The "Functional Garments Market" is a specialized and in-depth study of the consumer goods industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the functional garments market with detailed market segmentation by type and by application. The functional garments market is expected to witness high growth during the forecast period. The report key trends and opportunities in the market.

MARKET SEGMENTATION

The functional garments market is segmented into type, and application. By type, the functional garments market is classified into protective clothing, sports-functional clothing and others. By application, the functional garments market is classified into sports industry, healthcare and others.

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 global functional garments market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The functional garments 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 the functional garments market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. 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 the functional garments market in these regions.

MARKET PLAYERS

The report covers vital developments in the functional garments 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 market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from the functional garments market are anticipated to witness lucrative growth opportunities in the future with the rising demand for table stand in the global market. Below mentioned is the list of few companies engaged in the functional garments market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the functional garments market. Besides, the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.

•  ADIDAS AG
  
•  ASICS CORPORATION
  
•  COLUMBIA SPORTSWEAR COMPANY
  
•  LULULEMON ATHLETICA INC.
  
•  NIKE, INC.
  
•  PVH CORP.
  
•  PUMA SE
  
•  THE GAP, INC.
  
•  THE NORTH FACE
  
•  UNDER ARMOUR, INC.
  

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

Functional Garments Report Scope