USD 351.9 billion
Functional Apparel Market Size, Share, Growth Analysis, By Product(Activewear, Sportswear, Outdoor clothing, and Protective wear), By Distribution channel(Online retail, Specialty stores, and Departmental outlets), By Gender(Men, Women, and Children), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG25M2031 |
Region:
Global |
Published Date: March, 2024
Pages:
223
|Tables:
91
|Figures:
76
Functional Apparel Market Insights
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 global functional apparel market continues to evolve, driven by increasing consumer demand for versatile and performance-oriented clothing.
This trend encompasses activewear, athleisure, and specialized garments designed for specific activities or environments.
Technological advancements in fabric innovation, moisture-wicking capabilities, UV protection, and ergonomic designs have propelled the market's growth.
Sustainability concerns have also led to a rise in eco-friendly and responsibly sourced functional apparel.
As health and wellness awareness grows, the market's trajectory remains upward, fueled by the desire for stylish yet practical clothing that seamlessly integrates with modern lifestyles.
US Functional Apparel Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Online retail
Fastest Growth
Specialty stores
Growth Rate
7.5% CAGR
Global Functional Apparel Market ($ Bn)
Country Share for North America (%)
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Functional Apparel Market Segmental Analysis
The global functional apparel market can be segmented based on product type, gender, distribution channel, and region. Product types include activewear, sportswear, outdoor clothing, and protective wear, catering to diverse consumer needs. Gender-based segmentation offers options for men, women, and children. Distribution channels encompass online retail, specialty stores, and departmental outlets. Geographically, the market spans North America, Europe, Asia-Pacific, and other regions.
Functional Apparel Market Analysis By Product type
The largest sector encompasses performance sportswear and activewear, characterized by its ability to offer advanced moisture-wicking, temperature regulation, and enhanced flexibility, making it ideal for athletic and fitness activities. This sector has witnessed consistent growth due to the increasing health and wellness awareness, coupled with the rising popularity of athleisure fashion trends. On the other hand, the fastest-growing sector within functional apparel pertains to smart textiles and wearable technology-infused garments.
Functional Apparel Market Analysis By Gender
The largest sector is currently the men's functional apparel segment. This can be attributed to factors such as increasing participation in sports and fitness activities by men, growing awareness of health and wellness, and the integration of functional features into men's activewear and athleisure styles. On the other hand, the fastest-growing sector within the functional apparel market is the women's segment.
Functional Apparel Market Analysis By Distribution Channel
The largest sector is currently online retail, driven by the rapid growth of e-commerce platforms and the increasing preference for convenient and contactless shopping experiences. This channel offers consumers a wide array of functional apparel options and the flexibility to compare and purchase products from the comfort of their homes. On the other hand, the fastest-growing sector in the functional apparel market is specialty stores.
Global Functional Apparel Market by distribution channel
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Functional Apparel Market Regional Insights
The global functional apparel market demonstrates diverse regional trends. In North America, technological advancements drive demand for smart and performance-enhancing garments. Europe emphasizes sustainable and fashion-forward functional wear, aligning with eco-conscious consumer preferences. Asia-Pacific showcases robust growth with a focus on innovative fabrics and versatile designs catering to active lifestyles. Meanwhile, Latin America and the Middle East witness rising interest in athleisure and wellness-oriented apparel, reflecting evolving consumer habits. These regional dynamics collectively shape the thriving global functional apparel landscape.
Global Functional Apparel Market by Region
- Largest
- Fastest
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Functional Apparel Market Dynamics
Functional Apparel Market Drivers
Health and Wellness Trends
- Increasing awareness about health and wellness has led to a growing demand for functional apparel that offers benefits beyond just aesthetics. Consumers are seeking clothing that promotes comfort, performance, and specific functionalities, such as moisture-wicking, UV protection, odor resistance, and compression, among others. This trend is driving the demand for functional apparel across various age groups and demographics.
Athleisure and Casualization
- The rise of athleisure and casualization in fashion has significantly boosted the demand for functional apparel. Consumers are increasingly adopting a more relaxed and active lifestyle, which has led to a shift from traditional formal clothing to versatile and comfortable options. This has created a higher demand for clothing that seamlessly transitions from exercise to everyday activities, driving the functional apparel market 's growth.
Functional Apparel Market Restraints
High Costs
- Functional apparel often involves specialized materials, technologies, and manufacturing processes, leading to higher production costs compared to conventional clothing. This can result in elevated retail prices, which may deter price-sensitive consumers from purchasing functional apparel. Economic downturns or budget constraints could further impact consumer willingness to invest in these higher-priced garments.
Sustainability Challenges
- While functional apparel offers numerous benefits, some functional fabrics and treatments may have environmental drawbacks. Certain performance-enhancing features, such as water repellency or moisture-wicking capabilities, may rely on chemical treatments that could contribute to pollution or be harmful to ecosystems. Balancing performance with sustainability can be a challenge for manufacturers, especially as consumers become more conscious of the environmental impact of their purchases.
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Functional Apparel Market Competitive Landscape
The global functional apparel market features a dynamic competitive landscape characterized by a diverse array of established brands and innovative players. Industry leaders such as Nike, Adidas, and Under Armour continue to drive innovation through cutting-edge technologies and performance-enhancing designs, while newer entrants like Lululemon and Outdoor Voices challenge traditional norms with unique offerings. The market's evolution is fueled by consumer demand for versatile, stylish, and purpose-driven clothing, creating opportunities for both established giants and agile newcomers to thrive amidst evolving trends and preferences.
Functional Apparel Market Top Player’s Company Profiles
- Nike, Inc. - United States
- Adidas AG - Germany
- Under Armour, Inc. - United States
- Columbia Sportswear Company - United States
- Puma SE - Germany
- The North Face (VF Corporation) - United States
- New Balance Athletics, Inc. - United States
- Lululemon Athletica Inc. - Canada
- Reebok (a subsidiary of Adidas) - United States
- ASICS Corporation - Japan
- Patagonia, Inc. - United States
- Fila Holdings Corp. - South Korea
- Salomon (Amer Sports Corporation) - Finland
- Outdoor Research - United States
- Helly Hansen - Norway
- Mammut Sports Group AG - Switzerland
- Jack Wolfskin - Germany
- Arc'teryx Equipment Inc. - Canada
- Black Diamond Equipment - United States
- Odlo International AG - Switzerland
Functional Apparel Market Recent Developments
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In March 2024, CHT, a widely acclaimed manufacturer of textile chemistry and dyes, reported its cooperation in the current year's Performance Days Functional Fabric Fair in Munich, occurring from Spring 20th to 21st, 2024.
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In February 2024, an article revealed that the Vietnam Functional Apparel Market sector is utilizing ethnography to comprehend buyer dynamics better.
In November 2023, Hyosung, Tefron, and Santoni collaborated to launch sustainable activewear clothing and seamless apparel.
Functional Apparel Key Market Trends
- Athleisure and Active Lifestyle: The rise of athleisure wear and an increasing emphasis on active and healthy lifestyles have been driving demand for functional apparel. Consumers are seeking versatile clothing that can be worn for both workouts and everyday activities, leading to the blending of fashion and functionality. This trend has spurred innovation in fabric technology, design, and performance features to cater to a more active and health-conscious consumer base.
- Sustainability and Eco-Friendly Materials: Sustainability has become a significant focus in the apparel industry, including the functional apparel segment. Consumers are increasingly looking for products that are environmentally friendly, ethically produced, and made from sustainable materials. Brands are responding by incorporating eco-friendly fabrics, such as recycled polyester, organic cotton, and innovative biodegradable materials, into their functional apparel offerings.
- Smart and Wearable Technology Integration: The integration of technology into clothing has been another key trend in the functional apparel market . Wearable technology, such as smart fabrics, sensors, and embedded electronics, is being used to enhance the performance and functionality of apparel. This includes features like moisture-wicking, temperature regulation, UV protection, and even biometric tracking capabilities. The merging of fashion and technology has opened up new avenues for creating innovative and value-added functional apparel products.
Functional Apparel Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, the global functional apparel market holds promising prospects as consumer lifestyles increasingly prioritize health, comfort, and versatility. With a growing awareness of fitness and wellness, there is a rising demand for apparel that seamlessly integrates technology, performance-enhancing features, and sustainable materials. This trend is driving innovation in clothing design, leading to the development of smart fabrics, moisture-wicking textiles, temperature-regulating garments, and adaptive wearables. As urbanization and outdoor activities surge, the demand for multifunctional clothing that can transition effortlessly between various environments and activities is set to expand. Furthermore, the emphasis on eco-consciousness is pushing manufacturers to create functional apparel using eco-friendly practices, catering to environmentally conscious consumers. Capitalizing on these trends, the functional apparel market is poised for robust growth, presenting ample opportunities for brands to cater to evolving consumer preferences and shape the future of clothing technology.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 351.9 billion |
| Market size value in 2031 | USD 674.68 billion |
| Growth Rate | 7.5% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Functional Apparel Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Functional Apparel Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Functional Apparel Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Functional Apparel Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Functional Apparel Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Functional Apparel Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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