The latest report by IMARC Group, titled “Functional Apparel Market Report by Product Type (Sports Wear, Active Wear, Protective Clothing, and Others), Application (Sports Industry, Outdoor Clothing, Healthcare), Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Stores, and Others), and Region 2024-2032,” finds that the global functional apparel market reached a value of US$ 378.4 Billion in 2023. Functional apparel are garments designed with enhanced aesthetic, comfort, and protection functionalities. They are manufactured using various synthetic materials, such as nylon, viscose, and polyester, that possess water- and oil-resistant, anti-static, temperature-regulating, quick-drying, and performance-boosting properties. They also protect the wearer from harsh winds, chemicals, temperatures, microbes, and ultraviolet (UV) radiation. In addition, they provide enhanced breathability of fabric and stretchability, improve blood flow and reduce muscle fatigue and cramping. As a result, functional apparel is widely used to manufacture personal protective wear and medical, geotextiles, military, sports, and leisure apparel.
Global Functional Apparel Market Trends:
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. Looking forward, IMARC Group expects the market to reach a value of US$ 662.4 Billion by 2032, exhibiting a CAGR of 6.2% during the forecast period (2024-2032).
Market Summary:
- Based on the product type, the market has been categorized into sportswear, activewear, protective clothing, and others.
- On the basis of the application, the market has been classified into sports industry, outdoor clothing, and healthcare.
- Based on the distribution channel, the market has been segmented into supermarkets and hypermarkets, convenience stores, online stores, and others.
- Region-wise, the market has been divided into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
- The competitive landscape of the market has been examined in the report, with some 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.
Report Scope:
Report Features |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
Units |
US$ Billion |
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 |
Report Price and Purchase Option |
Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899 |
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) |
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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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