Dublin, July 24, 2024 (GLOBE NEWSWIRE) — The “Functional Apparel – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
The global market for Functional Apparel is estimated at US$319.9 Billion in 2023 and is projected to reach US$489.7 Billion by 2030, growing at a CAGR of 6.3% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the functional apparel market is driven by several factors, including technological advancements, evolving consumer preferences, and increased participation in physical activities. Innovations in fabric technology, such as the development of biodegradable and recycled materials, highlight a growing emphasis on sustainability within the industry. These advancements not only enhance performance but also resonate with the eco-conscious values of today’s consumers, who are increasingly mindful of their environmental impact.
Furthermore, the proliferation of wearable technology and smart textiles is revolutionizing the sector, offering garments with embedded sensors and adaptive properties. For example, some clothing now features integrated fitness trackers, posture correction mechanisms, or even garments that can adjust their insulation levels based on external temperatures. Consumer behavior is also shifting, with a greater focus on health, fitness, and overall well-being driving the demand for clothing that supports an active lifestyle.
Additionally, the rise of e-commerce and digital marketing has made it easier for consumers to access a wide range of functional apparel, broadening the market`s reach. Brands are responding to these trends by investing heavily in research and development, aiming to stay competitive and meet the growing expectations for high-performance, multifunctional clothing. This strategic focus on innovation and consumer-centric design is essential for capturing market share in this rapidly evolving landscape.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Functional Sportswear segment, which is expected to reach US$159.8 Billion by 2030 with a CAGR of a 6.1%. The Functional Footwear segment is also set to grow at 6.8% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $99.3 Billion in 2023, and China, forecasted to grow at an impressive 7.8% CAGR to reach $71.2 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Functional Apparel Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Functional Apparel Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Functional Apparel Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Amer Sports Corporation, Carhartt, Inc., Aramark Corporation, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 198 Featured):
- Amer Sports Corporation
- Carhartt, Inc.
- Aramark Corporation
- Columbia Sportswear Company
- ASICS Corporation
- Aditya Birla Fashion and Retail Ltd. (ABFRL)
- Bunzl PLC
- Amoena Medizin-Orthopadie-Technik GmbH
- Bragard SA
- Confezioni Tutal Srl
- Clarus Corporation
- Admiral Sportswear Ltd.
- ANTA Sports Products Ltd.
- Brooks Sports, Inc.
- Dainese SpA
Key Attributes
| Report Attribute | Details |
| No. of Pages | 530 |
| Forecast Period | 2023-2030 |
| Estimated Market Value (USD) in 2023 | $319.9 Billion |
| Forecasted Market Value (USD) by 2030 | $489.7 Billion |
| Compound Annual Growth Rate | 6.3% |
| Regions Covered | Global |
Key Topics Covered
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- An Introduction to Functional Apparel
- Functional Apparel Design & Manufacturing
- Global Market Prospects & Outlook
- Sportswear Remains Coveted Segment of Functional Apparel Market
- Professional Athletic: A Major Application of Functional Apparel
- Supermarkets/Hypermarkets Maintain Position as Primary Distribution Channel
- Developed Regions Hold Upper Hand in Functional Apparel Market
- Competition
- Recent Market Activity
- Functional Apparel – Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Functional Apparel to Reap Rich Dividends with Health & Wellness Trend
- Rising Participation in Sporting Activities & Inclination Towards Workouts Fuel Demand for Sports Functional Apparel
- Participation in Sports & Fitness Activities Favors Growth in Functional Apparel Market: Average % of Americans Engaged in Sports & Fitness Activity Each Day
- Sports & Fitness Clothing Market Presents Growth Opportunities for Functional Fitness & Sports Apparel: Global Sports & Fitness Clothing Market Size (in US$ Million) for the Years 2019 and 2025
- Performance Outdoor Apparel
- Reactive Fabrics and Materials in Sports Clothing
- Improving Performance of Athletes in Professional Sports
- Smart Clothing with Thermal Changes
- Heated Sports Clothing Picks Up
- Snow Sports Functional Apparel Gains Strength
- Consumer Preference for Activewear in Daily Life to Fuel Functional Sportswear Market
- Global Activewear Market Size (in US$ Billion) for the Years 2019, 2022 and 2025
- Technology Trends Revolutionizing Active Wear Market
- Protective Clothing: A Key Part of Functional Apparel Market
- Notable Trends in Protective Clothing Market
- Introduction of Nanotechnology Applications Fuel Growth for Protective Clothing Market
- Mandatory Regulations Drive Focus onto Protective Textiles
- Rising Demand for Performance Boosting Apparel Bodes Well for the Functional Apparel Market
- Functional and Durable Work Apparel Grows in Prominence
- Expanding Needs of Workwear Industry to Drive Gains in Functional Work Apparel Market: Global Workwear Market Size (in US$ Million) for the Years 2019 & 2024
- Rise in Workplace Accidents Fuels Demand for Functional Apparel
- High Levels of Workplace Related Accidents Bring Renewed Emphasis on Functional Protective Clothing: Global Annual Work Related Fatalities (In Thousand) by Region
- Advent of Innovative Technologies Fuel Demand for Functional Workwear Apparel
- Superior Attributes of Flame-Retardant Workwear over Traditional Workwear Benefit Market
- Multi-Functional and Lighter Fabric Workwear Grows in Demand in Oil & Gas Industry
- Functional Medical Clothing Grows in Importance
- Safety Requirements Drive Need for Medical Textiles
- Functional Footwear Designed to Improve Comfort & Ensure Safety
- Rising Concerns over Environmental Degradation Fuel Demand for Natural and Eco-Friendly Fibers
- Focus on the Use of Natural Fibers in Functional Clothing
- Multi-Functional Durable Clothing: High Growth Opportunities
- Groundbreaking Technologies Adding Feather to Functional Apparel’s Cap
- Technological Advancements Fastrack Adoption of Functional Apparels
- E-Commerce Platforms Boost Growth in Functional Apparel Market
- Demographic Trends Impact Prospects: Urbanization & Middle Class Population Influence Growth
- World Urban Population in Thousands: 1950-2050P
- Global Middle Class Population (In Million) by Region for the Years 2020, 2025 and 2030
- Global Middle Class Spending (US$ Trillion) by Region for the Years 2020, 2025, 2030
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/8ll9l5
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Source: Crypto Insider