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The global functional apparel market reached a value of US$ 327.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 504.1 Billion by 2027, exhibiting a CAGR of 7.63% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Functional apparels refer to garments with enhanced aesthetic, comfort and protection functionalities. Some commonly available functional apparel includes athleisure, seamless wear, sports-functional and medical-functional clothing. They are usually manufactured using synthetic materials, such as nylon, viscose and polyester, that exhibit temperature-regulating, water- and oil- resistant, anti-static, quick-drying and performance boosting properties. These apparels protect the wearer from harsh winds, temperatures, chemicals, microbes and ultraviolet (UV) radiations. They also provide enhanced breathability of fabric, wicking, grip and stretchability and can aid in improving blood flow and reducing muscle fatigue and cramping. As a result, they are widely used to manufacture geotextiles, personal protective wear and medical, military, sports and leisure apparel.
The increasing participation in sports-related activities across the globe is among the key factors driving the market growth. With the rising health consciousness among the masses, there is an emerging trend of adopting physically active lifestyles that have resulted in the escalating demand for activewear and other functional apparel. Fitness influencers are also collaborating with sports- and athleisure wear brands through social media and e-commerce platforms to reach a broader consumer base. Various product innovations, such as the launch of variants with additional padding to improve blood circulation and oxygen delivery, maintain even pressure on the skin and prevent infections, are acting as other growth-inducing factors. Product manufacturers are also using advanced nano and microfibers that absorb sweat from the body and facilitate evaporation to ensure optimal hygiene for the wearer. Other factors, including rising expenditure capacities, along with rapid urbanization, especially in the developing economies, are anticipated to drive the market toward growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the global functional apparel market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product type, application and distribution channel.
Breakup by Product Type:
Breakup by Application:
Breakup by Distribution Channel:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Adidas AG, ASICS Corporation, Columbia Sportswear Company, Gap Inc, Lululemon Athletica, Nike Inc., Puma SE (Artemis S.A), PVH Corp., Under Armour Inc and VF Corporation.
|Base Year of the Analysis||2021|
|Segment Coverage||Product Type, Application, Distribution Channel, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||Adidas AG, ASICS Corporation, Columbia Sportswear Company, Gap Inc, Lululemon Athletica, Nike Inc., Puma SE (Artemis S.A), PVH Corp., Under Armour Inc and VF Corporation|
|Customization Scope||10% Free Customization|
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Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
The global functional apparel market was valued at US$ 327.5 Billion in 2021.
We expect the global functional apparel market to exhibit a CAGR of 7.63% during 2022-2027.
The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of functional apparel.
The emerging trend of adopting physically active lifestyles, along with the advent of functional apparel variants with additional padding to improve blood circulation and oxygen delivery, maintain even pressure on the skin, and prevent infections, is primarily driving the global functional apparel market.
Based on the product type, the global functional apparel market can be categorized into sports wear, active wear, protective clothing, and others. Currently, sports wear accounts for the majority of the total market share.
Based on the application, the global functional apparel market has been segregated into sports industry, outdoor clothing, and healthcare. Among these, the sports industry currently holds the largest market share.
Based on the distribution channel, the global functional apparel market can be bifurcated into supermarkets and hypermarkets, convenience stores, online stores, and others. Currently, supermarkets and hypermarkets exhibit a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global functional apparel market include Adidas AG, ASICS Corporation, Columbia Sportswear Company, Gap Inc, Lululemon Athletica, Nike Inc., Puma SE (Artemis S.A), PVH Corp., Under Armour Inc, and VF Corporation.
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