Functional Apparels Market Research Report- Forecast till 2027


Posted April 9, 2021 by Vaibhavwamrfr2021

MarketResearchFuture Presents “Functional Apparels Market Research Report –Global Forecast to 2027” New Document to its Studies Database

 
Market Overview:

The functional use of a fabric refers to its utility and durability in a garment which is influencing the purchase intent of consumers across the globe. Several utilities offered by functional apparels include shape retention, comfort, ease of care, and safety. Durability of a functional apparel refers to the serviceability of the fabric regarding strength, abrasion resistance, and resistance to degradation by chemicals and other foreign elements. Furthermore, the design, material used, manufacturing, and the finish of a garment defines the aesthetic performance of functional apparels.

Based on product type, the global functional apparels industry has been segmented into protective wear, sportswear, laboratory wear, and others. The protective wear segment has been further segmented into hand protection, foot protection, and others. The sportswear segment has been divided into head gear, footgear, and others. The laboratory wear is further segregated into footwear, lab coat, hand wear, and others. The sportwear segment is expected to dominate the global functional apparels market during the forecast period. Among the sports clothing, the footwear sub-segment has witnessed the highest market share in 2017. Growing need for footwears catering to high flexibility, ground feel and toe freedom are boosting the adoption of footwears in the functional sportswear segment. However, fabric manufacturers are incorporating properties such as flex or stretch, water repellency, softness, and wind or cold-blocking options to the apparels. Popularity of innovative trends in functional apparels is increasing since people are highly prone to extreme conditions such as contaminated surfaces and harmful solar radiations which may lead to diseases such as skin cancer or contact dermatitis. These factors are expected to boost the protective wear segment and register the highest CAGR during the forecast period.

Key Players:
Some of the key players in the global functional apparels industry are Adidas AG (Germany), Icebreaker (New Zealand), Tommy Hilfiger Licensing LLC (Netherlands), Nike, Inc. (US), New Balance Athletics, Inc. (US), Under Armour, Inc. (US), ASICS Corporation (Japan), Russell Brands, LLC (US), Skechers USA, Inc. (US), and Puma SE (Germany).

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Segment Analysis:

The global functional apparels market has been segmented based on product type, end use, and region.

By product type, the global functional apparels market has been segregated into protective wear, sportswear, laboratory wear, and others. The protective wear segment has been further segmented into eye protection, hand protection, foot protection, and others. The sportswear segment has been divided into head gear, eye & face shields, mouth guards, and others. The laboratory wear is further segregated into safety goggles, footwear, lab coat, hand wear, and others.

The global functional apparels market has been classified as end use into men and women.

Regional Analysis

The global functional apparels market has been segmented by North America, Europe, Asia-Pacific, and the rest of the world.

The functional apparels market in North America is expected to dominate during the forecast period. Rising consumption of high calorie and fast food has aroused a sense of health consciousness among consumers of the region. This change has influenced the consumers to get involved in physical and sports activities, which in turn is expected to drive the regional market growth during the forecast period.

Asia-Pacific is expected to dominate and continue to grow rapidly during the forecast period. High adoption of cross cultural fashion trends, growing inclination for outdoor sports and increasing need for safety gears in hazardous work life are expected to increase the adoption of functional apparels across the region.

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
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Issued By MRFR
Business Address Office No. 528/524, Amanora Chambers, Magarpatta Road, Hadapsar Pune, Maharashtra 411028
Country India
Categories Business , Retail
Tags Functional Apparels Market
Last Updated April 9, 2021