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Functional Apparel - Global Strategic Business Report

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    Report

  • 530 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5139999
The global market for Functional Apparel is estimated at US$311.9 Billion in 2023 and is projected to reach US$477.1 Billion by 2030, growing at a CAGR of 5.5% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Functional Sportswear segment, which is expected to reach US$155.5 Billion by 2030 with a CAGR of 5.4%. The Functional Footwear segment is also set to grow at 5.9% CAGR over the next 8 years.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $99.3 Billion in 2023, and China, forecasted to grow at an impressive 6.8% CAGR to reach $71.2 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Functional Apparel Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Functional Apparel Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Functional Apparel Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as Amer Sports Corporation, Carhartt, Inc., Aramark Corporation, and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 198 Featured):

  • Amer Sports Corporation
  • Carhartt, Inc.
  • Aramark Corporation
  • Columbia Sportswear Company
  • ASICS Corporation
  • Aditya Birla Fashion and Retail Ltd. (ABFRL)
  • Bunzl PLC
  • Amoena Medizin-Orthopadie-Technik GmbH
  • Bragard SA
  • Confezioni Tutal Srl
  • Clarus Corporation
  • Admiral Sportswear Ltd.
  • ANTA Sports Products Ltd.
  • Brooks Sports, Inc.
  • Dainese SpA

MarketGlass Platform

Our reports are enhanced by the MarketGlass platform, which brings together industry experts and influencers to provide high-quality, accurate insights. This unique platform allows us to gather comprehensive data and market perspectives, ensuring you receive the most reliable and detailed analysis available.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • An Introduction to Functional Apparel
  • Functional Apparel Design & Manufacturing
  • Global Market Prospects & Outlook
  • Sportswear Remains Coveted Segment of Functional Apparel Market
  • Professional Athletic: A Major Application of Functional Apparel
  • Supermarkets/Hypermarkets Maintain Position as Primary Distribution Channel
  • Developed Regions Hold Upper Hand in Functional Apparel Market
  • Competition
  • Recent Market Activity
  • Functional Apparel - Global Key Competitors Percentage Market Share in 2023 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Functional Apparel to Reap Rich Dividends with Health & Wellness Trend
  • Rising Participation in Sporting Activities & Inclination Towards Workouts Fuel Demand for Sports Functional Apparel
  • Participation in Sports & Fitness Activities Favors Growth in Functional Apparel Market: Average % of Americans Engaged in Sports & Fitness Activity Each Day
  • Sports & Fitness Clothing Market Presents Growth Opportunities for Functional Fitness & Sports Apparel: Global Sports & Fitness Clothing Market Size (in US$ Million) for the Years 2019 and 2025
  • Performance Outdoor Apparel
  • Reactive Fabrics and Materials in Sports Clothing
  • Improving Performance of Athletes in Professional Sports
  • Smart Clothing with Thermal Changes
  • Heated Sports Clothing Picks Up
  • Snow Sports Functional Apparel Gains Strength
  • Consumer Preference for Activewear in Daily Life to Fuel Functional Sportswear Market
  • Global Activewear Market Size (in US$ Billion) for the Years 2019, 2022 and 2025
  • Technology Trends Revolutionizing Active Wear Market
  • Protective Clothing: A Key Part of Functional Apparel Market
  • NoTable Trends in Protective Clothing Market
  • Introduction of Nanotechnology Applications Fuel Growth for Protective Clothing Market
  • Mandatory Regulations Drive Focus onto Protective Textiles
  • Rising Demand for Performance Boosting Apparel Bodes Well for the Functional Apparel Market
  • Functional and Durable Work Apparel Grows in Prominence
  • Expanding Needs of Workwear Industry to Drive Gains in Functional Work Apparel Market: Global Workwear Market Size (in US$ Million) for the Years 2019 & 2024
  • Rise in Workplace Accidents Fuels Demand for Functional Apparel
  • High Levels of Workplace Related Accidents Bring Renewed Emphasis on Functional Protective Clothing: Global Annual Work Related Fatalities (In Thousand) by Region
  • COVID-19 Pandemic Disrupts Functional Workwear Apparel Industry
  • Advent of Innovative Technologies Fuel Demand for Functional Workwear Apparel
  • Superior Attributes of Flame-Retardant Workwear over Traditional Workwear Benefit Market
  • Multi-Functional and Lighter Fabric Workwear Grows in Demand in Oil & Gas Industry
  • Functional Medical Clothing Grows in Importance
  • Safety Requirements Drive Need for Medical Textiles
  • Functional Footwear Designed to Improve Comfort & Ensure Safety
  • Rising Concerns over Environmental Degradation Fuel Demand for Natural and Eco-Friendly Fibers
  • Focus on the Use of Natural Fibers in Functional Clothing
  • Multi-Functional Durable Clothing: High Growth Opportunities
  • Groundbreaking Technologies Adding Feather to Functional Apparel’s Cap
  • Technological Advancements Fastrack Adoption of Functional Apparels
  • E-Commerce Platforms Boost Growth in Functional Apparel Market
  • Demographic Trends Impact Prospects: Urbanization & Middle Class Population Influence Growth
  • World Urban Population in Thousands: 1950-2050P
  • Global Middle Class Population (In Million) by Region for the Years 2020, 2025 and 2030
  • Global Middle Class Spending (US$ Trillion) by Region for the Years 2020, 2025, 2030
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Functional Apparel by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 2: World Historic Review for Functional Apparel by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 3: World 16-Year Perspective for Functional Apparel by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2024 & 2030
  • Table 4: World Recent Past, Current & Future Analysis for Sportswear by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 5: World Historic Review for Sportswear by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 6: World 16-Year Perspective for Sportswear by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for Footwear by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 8: World Historic Review for Footwear by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 9: World 16-Year Perspective for Footwear by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 10: World Recent Past, Current & Future Analysis for Protective Clothing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 11: World Historic Review for Protective Clothing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 12: World 16-Year Perspective for Protective Clothing by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 13: World Recent Past, Current & Future Analysis for Activewear by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 14: World Historic Review for Activewear by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 15: World 16-Year Perspective for Activewear by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 16: World Recent Past, Current & Future Analysis for Other Products by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 17: World Historic Review for Other Products by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 18: World 16-Year Perspective for Other Products by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 19: World Recent Past, Current & Future Analysis for Offline by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 20: World Historic Review for Offline by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 21: World 16-Year Perspective for Offline by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 22: World Recent Past, Current & Future Analysis for Online by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 23: World Historic Review for Online by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 24: World 16-Year Perspective for Online by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 25: World Functional Apparel Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
III. MARKET ANALYSIS
UNITED STATES
  • Functional Apparel Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
  • The United States: Significant Opportunity for Functional Apparel
  • Popularity of Sports & Fitness Activity Augurs Well for Functional Sports & Activewear Apparel Market
  • Compression Apparel Shoots to Fame in Recent Years
  • Activewear: A Segment with Strong Growth Opportunities for Functional Apparel
CANADA
JAPAN
  • Functional Apparel Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
CHINA
  • Functional Apparel Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
  • China: A Major Producer and Consumer of Functional Apparel Worldwide
EUROPE
  • Functional Apparel Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
FRANCE
  • Functional Apparel Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
GERMANY
  • Functional Apparel Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
ITALY
UNITED KINGDOM
  • Functional Apparel Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Functional Apparel Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
AUSTRALIA
  • Functional Apparel Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2024 (E)
INDIA
  • Functional Apparel Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2024 (E)
SOUTH KOREA
REST OF ASIA-PACIFIC
  • Functional Apparel Market in Taiwan: An Overview
LATIN AMERICA
  • Functional Apparel Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2024 (E)
BRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Functional Apparel Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2024 (E)
AFRICA
  • Functional Apparel Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2024 (E)
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Amer Sports Corporation
  • Carhartt, Inc.
  • Aramark Corporation
  • Columbia Sportswear Company
  • ASICS Corporation
  • Aditya Birla Fashion and Retail Ltd. (ABFRL)
  • Bunzl PLC
  • Amoena Medizin-Orthopadie-Technik GmbH
  • Bragard SA
  • Confezioni Tutal Srl
  • Clarus Corporation
  • Admiral Sportswear Ltd.
  • ANTA Sports Products Ltd.
  • Brooks Sports, Inc.
  • Dainese SpA

Table Information