Global Functional Apparel Market Size, Share, Growth Analysis, By Product(Activewear, Sportswear), By Distribution channel(Online retail, Specialty stores), By Gender(Men, Women)

Description

Global Functional Apparel Market size was valued at USD 351.9 billion in 2022 and is poised to grow from USD 378.29 billion in 2023 to USD 674.68 billion by 2031, at a CAGR of 7.5% during the forecast period (2024- 2031).

The worldwide market for functional clothing keeps growing because more people want clothes that are versatile and perform well. This includes activewear, casual sportswear, and clothes made for specific activities or places. Better fabric technology, like materials that keep you dry or protect from the sun, is driving this growth. Also, there's a growing interest in eco-friendly and responsibly made functional clothing due to concerns about the environment. As people become more health-conscious, the market for functional clothing is expected to keep going up because people want clothes that look good but are also practical for their everyday lives.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Functional Apparel Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Functional Apparel Market Segmental Analysis

The Global Functional Apparel Market can be segmented on the basis of product type, gender, distribution channel, and region. By Product type, the market is segmented into activewear, sportswear, outdoor clothing, and protective wear, catering to diverse consumer needs. By Gender, the market is segmented into men, women, and children. By Distribution channels, the market is segmented into online retail, specialty stores, and departmental outlets. By Region, the market is segmented into North America, Europe, Asia-Pacific, and other regions.

Drivers of the Global Functional Apparel Market

More people are becoming aware of health and wellness, which is making them want functional clothing that does more than just look good. They're looking for clothes that are comfortable, perform well, and have special features like keeping them dry, protecting from the sun, preventing odor, and even providing compression. This trend is making more people, from different age groups and backgrounds, want functional clothing.

Restraints in the Global Functional Apparel Market

Functional clothing usually requires special materials, technologies, and ways of making it, which makes it more expensive to produce than regular clothes. Because of this, the prices in stores can be higher, which might make people who are careful with their money hesitate to buy functional clothes. During tough economic times or when people have to watch their spending, they might not be as willing to spend more money on these pricier clothes.

Market Trends of the Global Functional Apparel Market

The popularity of athleisure wear and the focus on staying active and healthy have been making more people want functional clothes. People want versatile clothing they can wear for exercise and daily life, so fashion and practicality are mixing together. This trend is pushing companies to come up with better fabrics, designs, and features in their clothes to meet the needs of people who are more active and care about their health.

Product Code: SQMIG25M2031

Executive Summary

Market Overview
Wheel of Fortune

Research Methodology

Information Procurement
Secondary & Primary Data Sources
Market Size Estimation
Market Assumptions & Limitations

Parent Market Analysis

Market Overview
Market Size
Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges

Key Market Insights

Technology Analysis
Pricing Analysis
Supply Chain Analysis
Value Chain Analysis
Ecosystem of the Market
IP Analysis
Trade Analysis
Startup Analysis
Raw Material Analysis
Innovation Matrix
Pipeline Product Analysis
Macroeconomic Indicators
Top Investment Analysis
Key Success Factor
Degree of Competition

Market Dynamics & Outlook

Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges
Regulatory Landscape
Porters Analysis
- Competitive rivalry
- Threat of Substitute Products
- Bargaining Power of Buyers
- Threat of New Entrants
- Bargaining Power of Suppliers
Skyquest Special Insights on Future Disruptions
- Political Impact
- Economic Impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact

Global Functional Apparel Market by Product

Market Overview
Activewear
Sportswear
Outdoor clothing
and Protective wear

Global Functional Apparel Market by Distribution channel

Market Overview
Online retail
Specialty stores
and Departmental outlets

Global Functional Apparel Market by Gender

Market Overview
Men
Women
and Children

Global Functional Apparel Market Size by Region

Market Overview
North America
- USA
- Canada
Europe
- Germany
- Spain
- France
- UK
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Rest of Latin America
Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA

Competitive Landscape

Top 5 Player Comparison
Market Positioning of Key Players, 2021
Strategies Adopted by Key Market Players
Top Winning Strategies
- By Development
- By Company
- By Year
Recent Activities in the Market
Key Companies Market Share (%), 2021

Key Company Profiles

Nike, Inc. - United States
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Adidas AG - Germany
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Under Armour, Inc. - United States
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Columbia Sportswear Company - United States
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Puma SE - Germany
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
The North Face (VF Corporation) - United States
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
New Balance Athletics, Inc. - United States
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Lululemon Athletica Inc. - Canada
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Reebok (a subsidiary of Adidas) - United States
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
ASICS Corporation - Japan
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Patagonia, Inc. - United States
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Fila Holdings Corp. - South Korea
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Salomon (Amer Sports Corporation) - Finland
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Outdoor Research - United States
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Helly Hansen - Norway
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Mammut Sports Group AG - Switzerland
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Jack Wolfskin - Germany
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Arc'teryx Equipment Inc. - Canada
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Black Diamond Equipment - United States
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Odlo International AG - Switzerland
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments

Global Functional Apparel Market Size, Share, Growth Analysis, By Product(Activewear, Sportswear), By Distribution channel(Online retail, Specialty stores), By Gender(Men, Women) - Industry Forecast 2024-2031