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Functional Apparel Market Segmentation By Product Type (Sportswear, Active Wear, Protective Clothing, Footwear, and Others); By Fabric (Conventional Fabric and Specialty Fabric); By Finishing (Water Resistant, Anti-microbial, Wicking, Stain Resistant, and Others); By Application (Sports Industry, Outdoor Clothing, and Healthcare); By Distribution Channel (Offline and Online) - Global Demand Analysis & Opportunity Outlook 2028

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Extensive insights into the Growth of Functional Apparel Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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  • June 05, 2020: Reacting to the trending hashtag “#blacklivesmatter" after the death of George Floyd in police custody on May 25, 2020, Converse committed to working with Nike and Jordan to pledge $40 million over the next four years to support the Black communities by focussing on organizations promoting social justice, boosting education and battling racial inequality.

  • May 27, 2020: Under Armour tweeted how proud they are to support the LGBTQ+ diversity in sport year-round and launched its newest collection called UA Pride collection.

Functional Apparel Market Overview

Functional apparel is aimed to achieve specific functions according to diverse consumer necessities which can be ensuring safety against heat and water while engaging in some sporting activities. These apparels have gained admiration in recent times owing to the comfort they offer. Additionally, it shields consumers from workplace hazards such as the medical laboratory where numerous medical testing is carried out.

Market Size and Forecast

The functional apparel market is expected to observe an attainable high CAGR during the forecast period, i.e., 2020-2028. The market is segmented by product type, fabric finishing, application, distribution channel and region. Among segmentation by product type, the sportswear segment is expected to capture significant revenue share in the market owing to increasing awareness concerning a healthy lifestyle, which is encouraging consumers to actively consider sports and other fitness activities that required functional apparels. The sportswear segment includes functional apparels for different types of sports, such as cycling apparels, swimwear, gymnastics wear gym wear and others. The healthcare segment is projected to witness the largest share during the forecast period owing to a rush in the medical advancement segment that has enabled a continuous enhancement in clothing.

Functional Apparel Market Graph

Growth Drivers

Rising awareness regarding a healthy lifestyle

To attain a healthy regime, consumers are investing significantly in the functional apparel market. An increasing rate of sports and other adventurous activities such as trekking, cycling, and others is boosting the target market growth. Additionally, the budding demand for functionality-specific apparel and footwear together with the collective participation rate of the young populace in several sports activities are also estimated to contribute towards the growth of the target market. Moreover, growing R&D undertakings in medical laboratories is an additional factor enhancing the demand for medical laboratory wear apparel, which, in return, has led to overall market growth.CLICK TO DOWNLOAD SAMPLE REPORT

Further, a rise in disposable income, increasing commercialization of these apparel, online spending, an increasing number of market players, and awareness about functional apparel is estimated to drive the market.

Restraints

There is an abundance of counterfeit products available in the market at a lower cost which is a significant factor anticipated to hamper the growth of the target market.

Market Segmentation

Our in-depth analysis of the functional apparel market includes the following segments:

By Product Type

  • Sportswear
  • Activewear
  • Protective Clothing
  • Footwear
  • Others

By Fabric

  • Conventional Fabric 
    • Polypropylene
    • Cotton
    • Bamboo
    • Wool
    • Polyester
  • Specialty Fabric 
    • Neoprene
    • Spandex

By Finishing

  • Water-Resistant
  • Anti-microbial
  • Wicking
  • Stain Resistant
  • Others

By Application

  • Sports Industry
  • Outdoor Clothing
  • Healthcare

By Distribution Channel

  • Offline
  • Online

By Region

Geographically, the functional apparel market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region.

North America is projected to hold the largest market share over the forecast period led by the US and Canada. The leading position is attributed to factors such as the increasing participation of baby boomers in fitness, and physical activities, and easy accessibility to the functional apparel in specialized and online stores.

The European region is anticipated to hold the second-largest market share in the functional apparel market. Expansion of e-commerce, rising spending power, growing population, presence of dominant market players, and rising awareness related to fitness activities are the key factors that have augmented the growth of the target market in this region.

Asia-Pacific is estimated to grow at the fastest rate during the forecast period led by the developing countries. Factors such as the growing awareness regarding functional apparel for fitness regimes, along with the rising purchasing power of the consumers, and infiltration of leading players, growing population, have been fueling the demand for the functional apparel market in this region.

The functional apparel market is further classified based on region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • The Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of the Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis.

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