Functional Apparel is the clothes that meet the specific requirement of users, the requirement of clothing can be different, depending on the activities that users perform. As such, there is a large market for any kind of functional wear from breathable running shirts to lightweight outdoor jackets. Functional clothing can be used in many areas to meet the multifaceted and complex requirements of the user. In this report, footwear is not included in functional apparel.
China is the largest consumption place, with a consumption market share nearly 28.9% in 2017. Following China, North America is the second largest consumption place with the consumption market share of 24%.
Market competition is intense. Nike, Adidas, Under Armour, Puma, VF, etc. are the leaders of the industry, and they hold key technologies and patents, with high-end customers; have been formed in the monopoly position in the industry.
According to this study, over the next five years the Functional Apparel market will register a 6.2% CAGR in terms of revenue, the global market size will reach USD 404000 million by 2024, from USD 298700 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Functional Apparel business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Functional Apparel market by product type, application, key manufacturers and key regions and countries.
This study considers the Functional Apparel value and volume generated from the sales of the following segments-
Segmentation by product type- breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Segmentation by application- breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
This report also splits the market by region- Breakdown data in Chapter 4, 5, 6, 7 and 8.
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report- Breakdown data in in Chapter 3.
Perry Ellis International
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Functional Apparel consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Functional Apparel market by identifying its various subsegments.
Focuses on the key global Functional Apparel manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Functional Apparel with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Functional Apparel submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.