According to a market report by Lucintel, the future of the functional apparel market looks promising with opportunities for the apparel and accessories industry. The functional apparel market is expected to grow with a CAGR of 6% from 2019 to 2024. The major growth drivers for this market are rising demand for high-performance, application-specific apparel and footwear and the rising participation in sports and fitness activities.
In this market, sports wear, outer clothing, inner wear, footwear, and socks are the major product types. Sportswear is the largest product type segment.
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.
Adidas, Calvin Klein, Hanes Brands, Head, Icebreaker, Jockey, MIZUNO, Nike, Puma, Russell, Skechers, Umbro, and Under Armour are among the major manufacturers of functional apparel.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the functional apparel market by product type, end use, and region. Lucintel has prepared a comprehensive research report titled "Functional Apparel Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the functional apparel market by product, end use, and region as follows:

By Product [$M shipment analysis for 2013 – 2024]:
• Sportswear
• Outer Clothing
• Innerwear
• Footwear
• Socks
By End Use [$M shipment analysis for 2013 – 2024]:
• Men
• Women
By Region [$M shipment analysis for 2013 – 2024]:
• North America
• United States
• Canada
• Mexico
• Europe
• UK
• Germany
• Italy
• Asia Pacific
• China
• Japan
• India
• Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link…………[email protected].
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high growth opportunities for the functional apparel market by product (sportswear, outer clothing, innerwear, footwear, and socks), end use (men and women), and region (North America, Europe, Asia Pacific, and ROW)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the functional apparel market?
Q.5 What are the business risks and threats to the functional apparel market?
Q.6 What are the emerging trends in the functional apparel market and the reasons behind them?
Q.7 What are some changing demands of customers in the functional apparel market?
Q.8 What are the new developments in the functional apparel market? Which companies are leading these developments?
Q.9 Who are the major players in the functional apparel market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in the functional apparel market, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities did take place in the last five years in the functional apparel market?