Global Functional Apparel Market Size study, by Product Type, by Application, by Distribution Channel and Regional Forecasts 2022-2032

Description

Global Functional Apparel Market was valued at approximately USD 367.10 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 6.22% over the forecast period 2024-2032. Functional apparel performs multiple functions to provide comfort and protection to the wearer in different environments, unlike fundamental garments which have a limited purpose. It incorporates a variety of specially developed fabrics and layered designs, enabling it to perform functions such as protection from radiation, fire, and extreme weather conditions. Consumers find activewear comfortable and flexible, which is attributed to the kind of materials used in its design, such as synthetic fabrics like polyester, nylon, cotton, wool, and graphene. Polyester and nylon are the most used materials in athleisure apparel, which together tend to provide the best combination of required properties.

Global Functional Apparel Market is driven by advancements in fabric technologies have led to more innovative and functional apparel, such as moisture-wicking, temperature-regulating, and odor-resistant fabrics, enhancing comfort and performance for consumers. The emergence of technologies such as membrane and nano spinning, which allow manufacturers to produce garments by reducing waste during production processes, delivers more sustainable products, thereby increasing the market size of functional apparel. Moreover, growing middle-class population and rising health and hygiene awareness are anticipated to create lucrative opportunities for the market However, high cost of production and constrained availability of raw materials is going to impede the overall demand for the market during the forecast period 2024-2032.

The key regions considered for the Global Functional Apparel Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, North America held the major share in the functional apparel market in 2023. The ongoing trend of maintaining a fit body and healthy lifestyle are some of the major factors driving growth in the North American region. Furthermore, Asia-Pacific is expected to grow at the highest CAGR during the forecast period. This region is a significant hub for producing and consuming functional apparel, driven by a growing middle-class population, increasing health and fitness awareness, and a surge in outdoor recreational activities.

Major market players included in this report are:

ASICS Corporation
PVH Corp.
Columbia Sportswear Company
Lululemon Athletica Inc.
Puma SE
Nike, Inc.
Adidas AG
VF Corporation
The Gap, Inc.
Under Armour, Inc

The detailed segments and sub-segment of the market are explained below:

By Product Type:

Sportswear
Activewear
Protective Clothing
Others

By Application:

Sports Industry
Outdoor Clothing
Healthcare
Others

By Distribution Channel:

Offline
Online

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market

Chapter 1. Global Functional Apparel Market Executive Summary

1.1. Global Functional Apparel Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Product Type
- 1.3.2. By Application
- 1.3.3. By Distribution Channel
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Functional Apparel Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Functional Apparel Market Dynamics

3.1. Market Drivers
- 3.1.1. Advancements in Fabric Technologies
- 3.1.2. Increasing Demand for Sustainable Products
3.2. Market Challenges
- 3.2.1. Constrained Availability of Raw Materials
- 3.2.2. Heightened Manufacturing Costs
3.3. Market Opportunities
- 3.3.1. Growing Middle-Class Population
- 3.3.2. Rising Health and Hygiene Awareness

Chapter 4. Global Functional Apparel Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Functional Apparel Market Size & Forecasts by Product Type 2022-2032

5.1. Segment Dashboard
5.2. Global Functional Apparel Market: Product Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Sportswear
- 5.2.2. Activewear
- 5.2.3. Protective Clothing
- 5.2.4. Others

Chapter 6. Global Functional Apparel Market Size & Forecasts by Application 2022-2032

6.1. Segment Dashboard
6.2. Global Functional Apparel Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Sports Industry
- 6.2.2. Outdoor Clothing
- 6.2.3. Healthcare
- 6.2.4. Others

Chapter 7. Global Functional Apparel Market Size & Forecasts by Distribution Channel 2022-2032

7.1. Segment Dashboard
7.2. Global Functional Apparel Market: Distribution Channel Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. Offline
- 7.2.2. Online

Chapter 8. Global Functional Apparel Market Size & Forecasts by Region 2022-2032

8.1. North America Functional Apparel Market
- 8.1.1. U.S. Functional Apparel Market
  - 8.1.1.1. Product Type breakdown size & forecasts, 2022-2032
  - 8.1.1.2. Application breakdown size & forecasts, 2022-2032
  - 8.1.1.3. Distribution Channel breakdown size & forecasts, 2022-2032
- 8.1.2. Canada Functional Apparel Market
  - 8.1.2.1. Product Type breakdown size & forecasts, 2022-2032
  - 8.1.2.2. Application breakdown size & forecasts, 2022-2032
  - 8.1.2.3. Distribution Channel breakdown size & forecasts, 2022-2032
8.2. Europe Functional Apparel Market
- 8.2.1. UK Functional Apparel Market
- 8.2.2. Germany Functional Apparel Market
- 8.2.3. France Functional Apparel Market
- 8.2.4. Spain Functional Apparel Market
- 8.2.5. Italy Functional Apparel Market
- 8.2.6. Rest of Europe Functional Apparel Market
8.3. Asia-Pacific Functional Apparel Market
- 8.3.1. China Functional Apparel Market
- 8.3.2. India Functional Apparel Market
- 8.3.3. Japan Functional Apparel Market
- 8.3.4. Australia Functional Apparel Market
- 8.3.5. South Korea Functional Apparel Market
- 8.3.6. Rest of Asia Pacific Functional Apparel Market
8.4. Latin America Functional Apparel Market
- 8.4.1. Brazil Functional Apparel Market
- 8.4.2. Mexico Functional Apparel Market
- 8.4.3. Rest of Latin America Functional Apparel Market
8.5. Middle East & Africa Functional Apparel Market
- 8.5.1. Saudi Arabia Functional Apparel Market
- 8.5.2. South Africa Functional Apparel Market
- 8.5.3. Rest of Middle East & Africa Functional Apparel Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. ASICS Corporation
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Market Strategies
- 9.3.2. PVH Corp.
- 9.3.3. Columbia Sportswear Company
- 9.3.4. Lululemon Athletica Inc.
- 9.3.5. Puma SE
- 9.3.6. Nike, Inc.
- 9.3.7. Adidas AG
- 9.3.8. VF Corporation
- 9.3.9. The Gap, Inc.
- 9.3.10. Under Armour, Inc

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes