Scope of the Study
The global Functional Apparel market is expected to witness high demand in the forecasted period due to rising demand for high-performance, application-specific apparel, and footwear coupled with the rising participation in sports and fitness activities. Functional apparel is apparel with integrated functions of controlling or adjusting according to its application. This includes protection under harsh environmental conditions during work or sporting activities and protection against extreme hazards and environments. The functional apparel market is predicted to witness expansion in terms of newer technologies, coupled with new trends.
The market study is being classified by Type (Sportswear, Active wear, Protective Clothing, Footwear and Others), by Application (Professional Athletic, Armature Athletic and Others) and major geographies with country level break-up. According to AMA, the Global Functional Apparels market is expected to see growth rate of 14.2%
Addidas (Germany), Tommy Hilfiger (Netherlands), Nike Inc. (United States), New Balance Inc. (United States), Under Armour Inc. (United States), Asics Corporation (Japan), Columbia (United States), Playboy Enterprises (United States), Skechers USA Inc. (United States) and Puma (Germany) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Thai Sock Co. Ltd. (Thailand) and Russell Brands LLC (United States).
This market is characterized by the presence of established vendors; however, on the regional front, the market is dominated by local suppliers. Key vendors have an extensive portfolio of function apparel. The competitive environment in this market is expected to intensify during the forecast period because of the increase in product extensions, improved quality. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Functional Apparels market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Functional Apparels market by Type, Application and Region.
On the basis of geography, the market of Functional Apparels has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- The Growing Demand for Protective Clothing
- Rising Health Aewness across the world
- The Increasing Inclination towards Performing Workout Activities
- Growing Demand due to Advanced Technology are Usually Made of Polyester Fabric or Spandex
- The Concern Related to Rising Labor Costs
- Functional work apparel is also ahead of position in the global market due to technological advancements and its capability to help people upsurge performance. The varying lifestyle of people and increasing preference towards the usage of activewear in day-to-day life are also expected to boost the overall demand for functional apparel in the forecasted year.
- Increasingly Strict Environmental Policies
Key Target AudienceFunctional Apparels Manufactures, Functional Apparels Distributors, Functional Apparels Suppliers, Government Regulatory Bodies, Government Research Organizations, Private Research Organizations and Other
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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