The global functional apparel market is projected to grow at a CAGR of 6% during 2019 to 2024. The growth of functional apparel market is driven by growing health awareness among individuals and rising inclination towards performing workout activities, which help to fight against various disease and changing lifestyle of people and growing inclination towards usage of active wear in daily life.

Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising potential, high-growth opportunities for the global functional apparel market by product (sportswear, outer clothing, innerwear, footwear, and socks), end use (men and women), application (professional athletic, armature athletic, and others), distribution channel (supermarkets/hypermarkets, convenience store, and online) and region (North America, Europe, Asia Pacific, and ROW)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the functional apparel market?
Q.4 What are some changing demands of customers in the functional apparel market?
Q.5 What are the new developments in the functional apparel market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this functional apparel area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this functional apparel market?

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Market Segmentation:
Based on application, the functional apparel market is segmented into sportswear, outer clothing, innerwear, footwear, and socks. The sports wear segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period.
North America will remain the largest market over the forecast period due to the high disposable income of young population and willingness to pay more for designer apparels.
Key Players in the functional apparel market are Adidas, Calvin Klein, Hanes Brands, Head, Icebreaker, Jockey, MIZUNO, Nike, Puma, Russell, Skechers, Umbro, and Under Armour.

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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
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About Lucintel
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Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
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